Canada Employment Insurance Beneficiaries Change (MoM) down to 1.2% in July from previous 3.4%
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Editors’ Picks
EUR/USD advances above 1.1750 as USD wilts on US goverment shutdown
EUR/USD is advancing above 1.1750 in the early European trading hours on Wednesday. The pair gains ground on renewed US Dollar weakness, induced by a US government shutdown. The focus shifts to preloiminary EU inflation data and ADP jobs report for fresh directives.
Gold sits near all-time peak as Fed rate cut bets, US government shutdown weigh on USD
Gold enters a bullish consolidation phase and consolidates near the all-time peak touched during the Asian session on Wednesday. Overbought conditions turn out to be a key factor holding back traders from positioning for any further gains, though the supportive fundamental backdrop suggests that the path of least resistance for the commodity is to the upside.
GBP/USD rises above 1.3450 on US shutdown concerns
GBP/USD extends its winning streak for the fourth successive session, trading above 1.3450 in early Europe on Wednesday. The pair appreciates as the US Dollar faces challenges due to the US government shutting down its operations amid Congressional failure to advance the funding. BoE-speak and US data are next on tap.
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