EUR/USD, “Euro vs US Dollar”
EUR/USD continues falling. Possibly, today the pair may reach 1.0800 and then return to 1.0827 to test it from below. After that, the instrument may continue trading inside the downtrend with the target at 1.0792.
GBP/USD, “Great Britain Pound vs US Dollar”
GBP/USD has completed the descending wave at 1.2994. Today, the pair may correct towards 1.3030 and then start a new decline with the target at 1.2930.
USD/CHF, “US Dollar vs Swiss Franc”
USD/CHF is moving downwards to reach 0.9800. The main scenario implies that later the pair may grow towards 0/9813, thus forming a new consolidation range between two above-mentioned levels. After that, the instrument may break the range to the downside and form a new descending structure with the target at 0.9782.
USD/JPY, “US Dollar vs Japanese Yen”
USD/JPY is moving downwards. Possibly, the pair may consolidate around 109.69. If later the price breaks this range to the downside, the instrument may start another decline with the short-term target at 109.45.
AUD/USD, “Australian Dollar vs US Dollar”
AUD/USD is forming another descending wave with the target at 0.6677. Alter that, the instrument may correct towards 0.6700 and then resume moving downwards to reach 0.6665.
USD/RUB, “US Dollar vs Russian Ruble”
USD/RUB is consolidating above 63.33. Possibly, the pair may grow towards the upside border at 63.77 and then fall to reach 62.92. After that, the instrument may break the range to the downside and continue trading inside the downtrend with the short-term target at 61.85.
USD/CAD, “US Dollar vs Canadian Dollar”
USD/CAD is consolidating around 1.3251. Today, the pair may grow towards 1.3275 and then fall to reach 1.3232. Later, the market may break the range to the downside and form a new descending structure with the short-term target at 1.3180.
XAU/USD, “Gold vs US Dollar”
Gold continues moving downwards. Possibly, the pair may reach 1587.93 and then form a new descending structure with the target at 1574.97.
BRENT
Brent is still consolidating at the top. If later the price breaks this range to the upside at 57.70, the instrument may resume trading inside the uptrend towards 59.30; if to the downside at 56.70 – start another correction with the target at 55.05.
BTC/USD, “Bitcoin vs US Dollar”
BTC/USD has finished the first correctional wave at 9500.00. Possibly, today the pair may form one more ascending structure towards 9950.00 and then continue the correction with the target at 9000.00.
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EUR/USD holds above 1.0650 after US data
EUR/USD retreats from session highs but manages to hold above 1.0650 in the early American session. Upbeat macroeconomic data releases from the US helps the US Dollar find a foothold and limits the pair's upside.
GBP/USD retreats toward 1.2450 on modest USD rebound
GBP/USD edges lower in the second half of the day and trades at around 1.2450. Better-than-expected Jobless Claims and Philadelphia Fed Manufacturing Index data from the US provides a support to the USD and forces the pair to stay on the back foot.
Gold is closely monitoring geopolitics
Gold trades in positive territory above $2,380 on Thursday. Although the benchmark 10-year US Treasury bond yield holds steady following upbeat US data, XAU/USD continues to stretch higher on growing fears over a deepening conflict in the Middle East.
Ripple faces significant correction as former SEC litigator says lawsuit could make it to Supreme Court
Ripple (XRP) price hovers below the key $0.50 level on Thursday after failing at another attempt to break and close above the resistance for the fourth day in a row.
Have we seen the extent of the Fed rate repricing?
Markets have been mostly consolidating recent moves into Thursday. We’ve seen some profit taking on Dollar longs and renewed demand for US equities into the dip. Whether or not this holds up is a completely different story.