Ed Ponsi, CTA
FXStreet Contributor
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AUD/USD approaches the 200-day SMA
AUD/USD succumbed to the resumption of the strong selling pressure on Thursday, fading the previous day’s uptick and slipping back to the area of two-week lows near 0.6440. The slightly better tone in the US Dollar and poor prints from the Australian jobs report weighed down on the Aussie.
EUR/USD: Bulls need to clear 1.1630
EUR/USD navigated a narrow range around the 1.1480 zone on Thursday amid an inconclusive day in the Greenback, increasing geopolitical concerns in the Middle East and thin trade conditions following the US Juneteenth federal holiday.
Gold appears sidelined around $3,370
Gold now treads water near the $3,370 zone per troy punce as the NA session draws to a close on Thursday. The precious metal continues to closely follow the continuous geopolitical effervescence, thin trading circumstances, and a minor increase in the US Dollar.
Ripple Price Prediction: XRP downtrend targets $1.80 amid muted trading activity
Ripple (XRP) has upheld a technical bearish picture, trading at around $2.15 at the time of writing on Thursday. The subdued price action mirrors a quiet sentiment and the lack of conviction in the broader cryptocurrency market to sustain recovery.
In the Eurozone, inflation is also a monetary phenomenon
Monetary aggregates continue to be closely monitored by the European Central Bank (ECB), a sign that, despite the passage of time and the increasing complexity of financing circuits, quantitative theory remains relevant.
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