EUR/USD Current price: 1.2958
View Live Chart for the EUR/USDDollar lost ground across the board after inflation in the US resulted negative monthly basis down to -0.2% first time below 0.0% since October 2013, but market movements remain limited ahead of FED economic policy decision later on the day. The EUR/USD retraces from a high of 1.2980 finding short term sellers on approaches to the 1.3000 figure; the 1 hour chart shows no directional strength coming from technical readings as it has been over the past sessions, with all eyes now placed on the outcome of the FED meeting: levels to watch then will be 1.3000 figure to the upside, or 1.2880 to the downside as a break of either extreme will likely set the trend for the upcoming days.
Support levels: 1.2950 1.2910 1.2870
Resistance levels: 1.2990 1.3045 1.3080
GBP/USD Current price: 1.6329
View Live Chart for the GBP/USDThe GBP/USD extends its early gains in the US session, advancing so far up to 1.6351, helped by improved employment figures in the UK. The pair has not only filled the gap left 2 weeks ago, but also extended up to the 50% retracement of this September slide, maintaining an overall positive tone in the short term: the hourly chart shows price well above its 20 SMA and indicators grinding higher in positive territory. In the 4 hours chart momentum heads north above 100 with chances of an extension up to 1.6420 if the FED disappoints market.
Support levels: 1.6315 1.6250 1.6220
Resistance levels: 1.6350 1.6385 1.6420
USD/JPY Current price: 107.28
View Live Chart for the USD/JPYThe USD/JPY short term downward move after worse than expected US data, was not enough to approach to 107.00, with the pair barely 10 pips away from its recent highs. The 1 hour chart however, maintains a quite neutral stance as per recent tight 40 pips range, with price holding above its 100 SMA. In the 4 hours chart indicators also turned flat with momentum around 100, with investors now in wait and see mode.
Support levels: 106.80 106.50 106.10
Resistance levels: 107.40 107.90 108.20
AUD/USD Current price: 0.9060
View Live Chart of the AUD/USDThe AUD/USD retraces from its highs around 0.9110 posted yesterday, with the pair pressuring now former resistance area now immediate support of 0.9050. The 1 hour chart shows price below 20 SMA and indicators below their midlines, albeit showing no downward strength at the time being. In the 4 hours chart indicators maintain a positive tone, with momentum heading higher above 100 and 20 SMA offering support around 0.9040.
Support levels: 0.9040 0.8990 0.8955
Resistance levels: 0.9110 0.9150 0.9190
Recommended Content
Editors’ Picks
AUD/USD eases toward 0.6500 after mixed Australian trade data
AUD/USD is seeing some fresh selling interest in the Asian session on Thursday, following the release of mixed Australian trade data. The pair has stalled its recovery mode, as the US Dollar attempts a bounce after the Fed-led sell-off.
USD/JPY rebounds above 156.00 after probable Japan's intervention-led crash
USD/JPY is staging a solid comeback above 156.00, having lost nearly 450 pips in some minutes after the Japanese Yen rallied hard on another suspected Japan FX market intervention in the late American session on Wednesday.
Gold price stalls rebound below $2,330 as US Dollar recovers
Gold price is holding the rebound below $2,330 in Asian trading on Thursday, as the US Dollar recovers in sync with the USD/JPY pair and the US Treasury bond yields, in the aftermath of the Fed decision and the likely Japanese FX intervention.
Top 3 Price Prediction BTC, ETH, XRP: Altcoins to pump once BTC bottoms out, slow grind up for now
Bitcoin reclaiming above $59,200 would hint that BTC has already bottomed out, setting the tone for a run north. Ethereum holding above $2,900 keeps a bullish reversal pattern viable despite falling momentum. Ripple coils up for a move north as XRP bulls defend $0.5000.
The FOMC whipsaw and more Yen intervention in focus
Market participants clung to every word uttered by Chair Powell as risk assets whipped around in a frenetic fashion during the afternoon US trading session.