US stocks move back to all-time highs, so where next? [Video]

Anthony Cheung Amplify

- US stocks move back to all-time highs as corporate earnings reports lift sentiment

- What companies are in focus today including Boeing, Caterpillar, Facebook, Microsoft and Tesla

- AUD falls overnight as soft inflation data increases calls for a rate cut

- Oil backs off highs following bearish API report and cautious Saudi response to Iranian news

- Latest Brexit developments and fundamentals risks to the Pound

- A technical look at the charts intraday and from a longer-term perspective

Author

Anthony Cheung

Amplify

Anthony has spent over a decade working at the forefront of financial news.

EUR/USD makes a U-turn, focus on 1.1900

EUR/USD’s recovery picks up further pace, prompting the pair to retarget the key 1.1900 barrier amid further loss of momentum in the US Dollar on Wednesday. Moving forward, investors are expected to remain focused on upcoming labour market figures and the always relevant US CPI prints on Thursday and Friday, respectively.

GBP/USD sticks to the bullish tone near 1.3660

GBP/USD maintains its solid performance on Wednesday, hovering around the 1.3660 zone as the Greenback surrenders its post-NFP bounce. Cable, in the meantime, should now shift its attention to key UK data due on Thursday, including preliminary GDP gauges.

Gold holds on to higher ground ahead of the next catalyst

Gold keeps the bid tone well in place on Wednesday, retargeting the $5,100 zone per troy ounce on the back of modest losses in the US Dollar and despite firm US Treasury yields across the curve. Moving forward, the yellow metal’s next test will come from the release of US CPI figures on Friday.