EURUSD
The European Central Bank’s (ECB) decision to increase their Quantitative Easing (QE) program or not will have an impact on the volatility and direction of the Euro (QE will most likely further weaken the Euro).
4 hour EURUSD:
The EURUSD could be in a smaller wave 2 (light green) but it is highly vulnerable to change after todays news event.
60 min EURUSD:
GBPUSD
The GBPUSD reacted bearish to the Bank of England’s bank rate vote but ultimately did not push through the bottom.
4 hour GBPUSD:
The GBPUSD seems to have stopped for the wave X (blue) at the support trend line (green) and is bouncing up to higher levels for a wave Y (blue).
60 min GBPUSD:
USDJPY
This current wave count is assuming that the wave 4 correction (magenta) has not yet completed and has placed a wave X (purple) at the most recent top. An alternative variant could be a contracting wedge (ABCDE).
4 hour USDJPY:
The USDJPY 1 hour chart is at a point where it could correct higher to resistance or fall to support with equal probability.
60 min USDJPY:
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EUR/USD holds above 1.0700 after US data
EUR/USD struggles to build on Wednesday's gains and fluctuates in a tight channel near 1.0700 on Thursday. The data from the US showed that weekly Jobless Claims held steady at 208,000, helping the USD hold its ground and limiting the pair's upside.
GBP/USD fluctuates above 1.2500 following Wednesday's rebound
GBP/USD stays in a consolidation phase slightly above 1.2500 on Thursday after closing in the green on Wednesday. A mixed market mood caps the GBP/USD upside after Unit Labor Costs and weekly Jobless Claims data from the US.
Gold retreats to $2,300 despite falling US yields
Gold stays under bearish pressure and trades deep in negative territory at around $2,300 on Thursday. The benchmark 10-year US Treasury bond edges lower following the Fed's policy decisions but XAU/USD struggles to find a foothold.
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.
Happy Apple day
Apple is due to report Q1 results today after the bell. Expectations are soft given that Apple’s Chinese business got a major hit in Q1 as competitors increased their market share against the giant Apple.