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EUR/USD pulls away from daily highs, holds above 1.0750
EUR/USD has lost its bullish momentum and erased a part of its daily gains after having climbed to the 1.0800 area in the early American session. With Wall Street’s main indexes retreating from opening highs, the US Dollar finds some demand and limits the pair’s upside.
GBP/USD clings to strong daily gains above 1.2150
GBP/USD has managed to build on earlier gains and touched its highest level in nearly a week above 1.2170 on Thursday before retreating modestly. BOE policymakers’ cautious comments on the inflation outlook and the US Dollar’s uninspiring performance fueled the pair’s rally.
Gold: Increasing signs of an upcoming bearish run
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The lack of US Dollar follow-through finally played against the American currency. XAU/USD extended its weekly advance to $1,890.21 before losing its bullish momentum to post a daily low of $1,865.68. The USD gathered strength after Wall Street’s opening, as US Treasury yields trimmed pre-opening losses while stock indexes pulled away from their early highs.
AMC gains ground after Wednesday’s 7% sell-off
AMC stock has advanced 2.3% in Thursday’s premarket a day after losing 7.4% on Wednesday. AMC’s preferred equity unit APE fared even worse in the midweek session, losing 7.7%, and is down another 2.4% in Thursday’s premarket.
