EURAUD appears on track to confirm a 3-month reversal pattern from the highs. And with several key levels having recently broken, we now have 1.5600 in focus as a break of it could signal further downside.

 

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EUR/USD meets fresh demand and rises toward  1.0750 in the European session on Thursday. Renewed US Dollar weakness offsets the risk-off market environment, supporting the pair ahead of the key US GDP and PCE inflation data. 

EUR/USD News

USD/JPY keeps pushing higher, eyes 156.00 ahead of US GDP data

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USD/JPY keeps breaking into its highest chart territory since June of 1990 early Thursday, recapturing 155.50 for the first time in 34 years as the Japanese Yen remains vulnerable, despite looming intervention risks. The focus shifts to Thursday's US GDP report and the BoJ decision on Friday. 

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Gold closes below key $2,318 support, US GDP holds the key

Gold closes below key $2,318 support, US GDP holds the key

Gold price is breathing a sigh of relief early Thursday after testing offers near $2,315 once again. Broad risk-aversion seems to be helping Gold find a floor, as traders refrain from placing any fresh directional bets on the bright metal ahead of the preliminary reading of the US first-quarter GDP due later on Thursday.

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Injective price weakness persists despite over 5.9 million INJ tokens burned

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Injective price is trading with a bearish bias, stuck in the lower section of the market range. The bearish outlook abounds despite the network's deflationary efforts to pump the price. 

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Meta takes a guidance slide amidst the battle between yields and earnings

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Meta's disappointing outlook cast doubt on whether the market's enthusiasm for artificial intelligence. Investors now brace for significant macroeconomic challenges ahead, particularly with the release of first-quarter GDP data.

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