Dukascopy Bank Team
Dukascopy Bank SA
You're watching the Dukascopy Daily Trading Signals for Thursday. Here's how the interbank compares with technicals at 8 AM GMT. Euro/Dollar's hourly studies show mixed signals. There are 5 neutrals in the mid-term chart and 6 models point South in the daily range. Interbank sentiment is bullish at 26 percent long. The Cable's 1 and 4-hour charts both have 4 neutral signals. The daily range brings mostly red signals. Interbank stance is neutral, matching the short and mid term technicals. Dollar/Yen has 4 green prompts in the hourly chart. The mid-term studies show mixed results and all of the models are pointing up in the long term scale. Interbank exposure is neutral at only eight percent long. Pound/Yen has mostly bullish signals in both the 1 and 4-hour charts. Technical outlook is neutral in the long term chart, which is matched by the less than 10 percent long interbank. Euro/Yen has most of the technical studies pointing up in the short and mid-term charts. There are 6 neutrals in the long term and they are in line with the less than six percent short interbank sentiment.
This overview can be used only for informational purposes. Dukascopy SA is not responsible for any losses arising from any investment based on any recommendation, forecast or other information herein contained.
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AUD/USD remained bid above 0.6500
AUD/USD extended further its bullish performance, advancing for the fourth session in a row on Thursday, although a sustainable breakout of the key 200-day SMA at 0.6526 still remain elusive.
EUR/USD faces a minor resistance near at 1.0750
EUR/USD quickly left behind Wednesday’s small downtick and resumed its uptrend north of 1.0700 the figure, always on the back of the persistent sell-off in the US Dollar ahead of key PCE data on Friday.
Gold holds around $2,330 after dismal US data
Gold fell below $2,320 in the early American session as US yields shot higher after the data showed a significant increase in the US GDP price deflator in Q1. With safe-haven flows dominating the markets, however, XAU/USD reversed its direction and rose above $2,340.
Bitcoin price continues to get rejected from $65K resistance as SEC delays decision on spot BTC ETF options
Bitcoin (BTC) price has markets in disarray, provoking a broader market crash as it slumped to the $62,000 range on Thursday. Meanwhile, reverberations from spot BTC exchange-traded funds (ETFs) continue to influence the market.
US economy: slower growth with stronger inflation
The dollar strengthened, and stocks fell after statistical data from the US. The focus was on the preliminary estimate of GDP for the first quarter. Annualised quarterly growth came in at just 1.6%, down from the 2.5% and 3.4% previously forecast.