Price Vs Technical Analysis

AUD/USD is losing further ground below the 0.7000 psychological mark in the Asian session on Thursday. The pair faces headwinds from the mixed Australian Trade data. Meanwhile, the US Dollar stands firm near a two-week high amid intense risk-off flows, adding to the weight on the pair as traders now look to the US JOLTS Jobs Openings data for a fresh impetus.

USD/JPY stalls the rally near 157.00 in the Asian session on Thursday, as broad risk aversion revives the haven demand for the Japanese Yen. The Japanese currency, however, remains vulnerable amid Japan's fiscal health under Prime Minister Sanae Takaichi's expansionary spending policy, cushioning the pair's downside. The US JOLTS survery could provide some fresh trading incentives. 

Gold is experiencing some volatility in Thursday’s Asian trading, moving back and forth in a roughly $200 range. Traders now look forward to the US JOLTS Job Openings data and geopolitical developments between the US and Iran for a clear directional impetus.

Zcash, Stacks, and BNB are among the biggest losers over the last 24 hours as Bitcoin approaches $72,000 on Thursday. The correction is driven by multiple factors, including massive, steady outflows from institutions and large-wallet investors, broader-market risk-off sentiment, and the delay in the Digital Asset Clarity Act. 

Tech just got hit with a different kind of selloff. Not the usual rates tantrum, not a recession whisper, not even an earnings miss in the classic sense. This was the market staring into an AI mirror and recoiling at its reflection.

United States (US) ADP Employment Change report revealed that the private sector added 22K jobs in January, falling short of expectations of 48K.