EUR/USD
4 hour
The EUR/USD respected the resistance trend line (orange) and is forming a minor rising wedge chart pattern (orange/green). Price still has some space left before it hits major horizontal resistance (red).
1 hour
The EUR/USD seems to be building an ABC bullish zigzag (orange). A break below the bottom (100%) level invalidates the current wave outlook.
GBP/USD
4 hour
The GBP/USD is back into contracting triangle chart pattern. Price is in a bullish retracement territory as long as the Cable manages to stay above the support trend lines (green). This is probably part of larger wave 4 (purple), which indicates a pause within the downtrend.
1 hour
The GBP/USD choppiness continues as price retested the support trend line (green). A break above the resistance trend line (orange) would signal that a bullish continuation of wave Y (blue) is likely. A bearish breakout would invalidate the ABC (green) wave count.
USD/JPY
4 hour
The USD/JPY continued to move lower yesterday and eventually reached the 127.2% Fibonacci target at 111 before a correction became visible. Price remains in a downtrend as long as price remains below resistance (orange).
1 hour
The USD/JPY has retraced back to the 50% Fibonacci retracement level. A break below support (green) could see price continue with a bearish ABC (green).
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AUD/USD regains the constructive outlook above the 200-day SMA
AUD/USD advanced strongly for the second session in a row, this time extending the recovery to the upper 0.6500s and shifting its focus to the weekly highs in the 0.6580-0.6585 band, an area coincident with the 100-day SMA.
EUR/USD keeps the bullish performance above 1.0700
The continuation of the sell-off in the Greenback in the wake of the FOMC gathering helped EUR/USD extend its bounce off Wednesday’s lows near 1.0650, advancing past the 1.0700 hurdle ahead of the crucial release of US NFP on Friday.
Gold stuck around $2,300 as market players lack directional conviction
Gold extended its daily slide and dropped below $2,290 in the second half of the day on Thursday. The benchmark 10-year US Treasury bond yield erased its daily losses after US data, causing XAU/USD to stretch lower ahead of Friday's US jobs data.
Bitcoin price rises 5% as BlackRock anticipates a new wave of capital inflows into BTC ETFs from investors
Bitcoin (BTC) price slid to the depths of $56,552 on Wednesday as the cryptocurrency market tried to front run the Federal Open Market Committee (FOMC) meeting. The flash crash saw millions in positions get liquidated.
FOMC in the rear-view mirror – NFP eyed
The update from May’s FOMC rate announcement proved more dovish than expected, which naturally weighed on the US dollar (sending the DXY to lows of 105.44) and US yields, as well as, initially at least, underpinning major US equity indices.