EUR/USD descended to 1.1280. Concerns about Greece have risen as the nation’s new Prime Minister Alexis Tsipras, challenged international creditors on Wednesday by halting privatization plans agreed under the country’s bailout deal. Watch German preliminary inflation report & unemployment figures.
USD/JPY keeps consolidating in the 117.25/118.80 area. Watch Japanese inflation figures early on Friday. Shorts possible below 117.00 targeting 116.50/00. Resistance is at 118.09, 118.80 and 119.30.
GBP/USD faces resistance at 1.5155 and may drift down to 1.5100. More sideways trading is expected. The pair waits for new drivers. Resistance is at 1.5200, 1.5267 and 1.5350.
AUD/USD has spiked up on Wednesday and below the recent low at 0.7857 the downside may extend to 0.7800/7780.
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EUR/USD gained traction and turned positive on the day above 1.0650. The improvement seen in risk mood following the earlier flight to safety weighs on the US Dollar ahead of the weekend and helps the pair push higher.
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GBP/USD reversed its direction and advanced to the 1.2450 area after touching a fresh multi-month low below 1.2400 in the Asian session. The positive shift seen in risk mood on easing fears over a deepening Iran-Israel conflict supports the pair.
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Gold stabilized near $2,380 after spiking above $2,400 with the immediate reaction to reports of Israel striking Iran. Meanwhile, the pullback seen in the US Treasury bond yields helps XAU/USD hold its ground.
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