Gold (XAU) recovered after dropping to 1590 US dollars per ounce. The precious metal, currently moving above 1602 has been heavily influenced by recent European developments.
The GER 30 (DAX) Germany’s leading stock market index dropped to 7880 from a previous 8034 following news of another euro bail-out executed in line with German directions.
Weekly option volatilities for the EURUSD at 9.52 shows investors’ fears subside and push options’ premiums lower.
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Movers & Shakers
USDJPY
The US dollar (USD) continued losses versus the Japanese yen (JPY). The pair moved to lower lows touching 93.57 before recovering somewhat to 94.24. Some analysts suggest that the pair is correcting on its upward course. Japan’s new central banker, Kuroda, has outlined the options for monetary easing which may help the yen edge lower.Outlook
EURUSD Pivot Point 1.2920 with a preference to go SHORT at 1.2920.Sentiment is 41% of deals to buy EUR
USDJPY Pivot Point 94.95 with a preference to go SHORT at 94.95.
Sentiment is 42% of deals to buy USD
GBPUSD Pivot Point 1.5165 with a preference to go LONG at 1.5165.
Sentiment is 66% of deals to buy GBP
AUDUSD Pivot Point 1.0415 with a preference to go LONG at 1.0415.
Sentiment is 59% of deals to buy AUD
GOLD Pivot Point 1617 with a preference to go SHORT at 1617.
Sentiment is 70% of deals to buy GOLD
OIL Pivot Point 95.65 with a preference to go SHORT at 95.65.
Sentiment is 77% of deals to buy OIL
US 500 Pivot Point 1535 with a preference to go Long at 1535.
Sentiment is 22% to buy US 500
UK 100 Pivot Point 6300 with a preference to go Long at 6300.
Sentiment is 18% to buy UK 100
Calendar
GBP – CBI Realized Sales at 11:00(GMT) Forecast 12USD – Core Durable Goods Orders m/m at 12:30(GMT) Forecast 0.7%
USD – New Home Sales at 14:00(GMT) Forecast 426K
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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.