Microsoft, Meta, IBM earnings, Gold, Silver stretched. Copper, Oil bullish [Video]
![Microsoft, Meta, IBM earnings, Gold, Silver stretched. Copper, Oil bullish [Video]](https://editorial.fxsstatic.com/images/i/gold-march-01_XtraLarge.jpg)
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Kim Cramer Larsson
KCL Consult
Kim Cramer Larsson hosts the Daily Technical Update, a daily 15-20 minutes video with live charts.
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EUR/USD has erased gains to trade neutral around 1.1950 in the European session on Thursday. The US Dollar finds fresh demand, despite uncertainty over US economic policies. Meanwhile, the Euro shrugs off improved EU sentiment data. US Initial Jobless Claims reports are due later on Thursday.
GBP/USD wipes out gains and battles 1.3800 in European trading on Thursday. The pair faces headwinds from a fresh bout of US Dollar buying, as markets digest upbeat commentaries from Fed Chair Powell and US Treasury Secretary Bessent. US Jobless Claims data is next in focus.
Gold price refreshed record highs near $5,600 before retreating to near $5,500 in European trading on Thursday. The bright metal's relentless upsurge has been bolstered by strong safe-haven demand amidst persistent geopolitical tensions, economic uncertainty, and a weaker US Dollar. Traders now await the US Jobless Claims data for a fresh impetus.
Dash faces intense headwinds, recording a 3% drop at press time on Thursday and extending a broader two-week decline that puts the key 50-day Exponential Moving Average at $55.93 into the spotlight.
At its January meeting, the Federal Reserve kept the Fed Funds Target Range (FFTR) unchanged at 3.50%–3.75%, a decision that was fully in line with market expectations.
Solana (SOL) is trading in the red, down 2% at press time on Thursday, aligning with the broader cryptocurrency market correction as the US Federal Reserve kept the interest rates unchanged on Wednesday.
