Midweek technical look – US500, BTC/USD, Oil [Video]

US500 trades flat below its record high after the Fed holds rates steady.
Oil hits its highest level since September as Iran tensions rekindle.
BTC/USD remains under pressure below the 90,000 level.

Nicola Zeniou XM

Author

Nicola Zeniou

Nicola joined Trading Point as a Market Analyst in January 2025. She holds a BA in English Literature from Kingston University, London, and an MA in Applied Linguistics (Research Methodology) from the University of Southampton with distinction.

EUR/USD remains bid below 1.2000 post-US data

EUR/USD has given back earlier gains and is now hovering around 1.1970, up modestly for the day. Meanwhile, the US Dollar comes under mild downside pressure in the wake of the weekly report on the US labour market.

GBP/USD reclaims 1.3800 and above

GBP/USD manages to regain the 1.3800 barrier and beyond, all in response to the modest pullback in the Greenback as market participants continue to assess the latest FOMC gathering.

Gold keeps its shine around $5,500

Gold pushed to fresh record highs around the $5,600 mark per troy ounce on Thursday. The yellow metal’s relentless run has been fuelled by strong safe-haven demand, underpinned by ongoing geopolitical tensions, economic uncertainty and a softer US Dollar.