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EUR/GBP hits 11-month low

The euro-pound currency pair hits its lowest since March 2020, while the US dollar steadied from its recent ascent after higher-than-expected jobless claims data. Bitcoin pulled back while gold lingered near multi-month lows.

U.S. crude stocks up, output at highest level since April 2020

U.S. crude stocks rose in the most recent week while U.S. production hit its highest level since April 2020, a signal that high prices are driving further output in the world's largest oil producer.

Gold range-bound with all eyes on Fed verdict

Gold prices were hemmed into a tight range on Wednesday with investors focused on the outcome of the U.S. Federal Reserve’s policy meeting for signals on its rate hike plans.

Nasdaq closes higher on Wednesday as stocks stabilize following massive sell-off

The Nasdaq Composite grinded higher in choppy trading on Wednesday as investors tried to find their footing after the biggest one-day drop in more than two years.

Bitcoin pops after drop under $30k

Numerous Fed speakers, including Fed Chair Powell walked back some of the hawkishness of last week’s FOMC meeting and pushed the US dollar lower. Brent crude oil hit $75 for the first time in 2 years.

GBP/USD: Bank of England

The dollar retraced some of Tuesday’s gains on Wednesday after Treasury Secretary Yellen back-peddled on her talk of a rate hike. European stocks saw big gains. Today is ‘Super Thursday’ from the Bank of England.