There’s been some relief into Thursday. We’ve seen profit taking on long US Dollar exposure and a healthy recovery in US equities. It seems there are a number of factors at play.

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The Australian Dollar registered solid gains of 0.65% against the US Dollar on Thursday, courtesy of an upbeat market mood amid solid economic data from the United States. However, the Federal Reserve’s latest monetary policy decision is still weighing on the Greenback. The AUD/USD trades at 0.6567.

AUD/USD News

EUR/USD recovers to top end of consolidation ahead of Friday’s US NFP

EUR/USD recovers to top end of consolidation ahead of Friday’s US NFP

EUR/USD drove back to the top end of recent consolidation on Thursday, recovering chart territory north of the 1.0700 handle as market risk appetite regains balance heading into another US Nonfarm Payrolls Friday.

EUR/USD News

Gold recoils on hawkish Fed moves, unfazed by dropping yields and softer US Dollar

Gold recoils on hawkish Fed moves, unfazed by dropping yields and softer US Dollar

Gold price clings to the $2,300 figure in the mid-North American session on Thursday amid an upbeat market sentiment, falling US Treasury yields, and a softer US Dollar. Traders are still digesting Wednesday’s Federal Reserve decision to hold rates unchanged.

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Ethereum may sustain trading inside key range, ETH ETFs to be delayed until 2025

Ethereum may sustain trading inside key range, ETH ETFs to be delayed until 2025

Ethereum is beginning to show signs of recovery on Thursday despite a second consecutive day of poor performance in Hong Kong's spot Ethereum ETFs. Bloomberg analyst James Seyffart has also shared that a spot Ethereum ETF may not happen in the US in 2024.

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FOMC in the rear-view mirror – NFP eyed

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.

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