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Editors’ Picks
EUR/USD holds onto highs despite souring mood
EUR/USD is trading above 1.22 but off the highs. US Durable Goods Orders jumped by 3.4% in January, better than expected, and jobless claims surprised with a fall to 730K. Q4 GDP upgraded to 4.1%, as expected. The dollar is down despite falling stocks and rising US yields.
GBP/USD advances towards 1.42 on dollar weakness
GBP/USD has been advancing as the dollar retreats despite higher yields and as markets cheer Fed Chair Powell's pledge to accommodative monetary policy.
USD/JPY: Bulls in control above 106.00, move beyond monthly tops awaited
USD/JPY continued gaining traction for the third straight session on Thursday. The formation of an ascending channel supports prospects for additional gains. Bulls seem poised to challenge channel resistance near the 106.70-75 region.
Editors’ Picks
EUR/USD holds onto highs despite souring mood
EUR/USD is trading above 1.22 but off the highs. US Durable Goods Orders jumped by 3.4% in January, better than expected, and jobless claims surprised with a fall to 730K. Q4 GDP upgraded to 4.1%, as expected. The dollar is down despite falling stocks and rising US yields.
GBP/USD advances towards 1.42 on dollar weakness
GBP/USD has been advancing as the dollar retreats despite higher yields and as markets cheer Fed Chair Powell's pledge to accommodative monetary policy.
USD/JPY: Bulls in control above 106.00, move beyond monthly tops awaited
USD/JPY continued gaining traction for the third straight session on Thursday. The formation of an ascending channel supports prospects for additional gains. Bulls seem poised to challenge channel resistance near the 106.70-75 region.
S&P 500: Day Ahead Outlook Inflation fears linger as doves hit turbulence
US equity markets look for direction on Thursday with mixed signals leading to steady and slightly lower trade. Inflation concerns haven't gone away as the US 10 year hits another year high at nearly 1.5%.
XAU/USD drops further to $1770 ahead of critical support
Gold dropped further during the American session and bottomed at $1769, the lowest level since last Friday. The metal erased weekly gains and is back below $1780 as US yields keep rising.
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