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Editors' picks

AUD/USD bulls struggle under 0.7600, shrug off market optimism

AUD/USD pauses four-day uptrend, eases from immediate range resistance. Market sentiment improves on Biden’s infrastructure deal passage, soft US data backing Fed. Aussie-China tussles, Fed’s removal of pandemic restrictions on banks and covid fears probe bulls.

AUD/USD News

Gold consolidates recent losses below $1,780 amid mixed clues

Gold (XAU/USD) pares the previous day’s losses to $1,777 amid a quiet market session and mixed catalysts for Friday’s early Asian session. The quote’s latest run-up could be linked to the news suggesting the Fed’s removal of pandemic-led restrictions on the large US banks. Earlier on Thursday.

Gold News

EUR/USD: Bears seeking a daily downside continuation

EUR/USD is consolidating as traders wait for the market to make the first move. Below the weekly 10 and 21 EMAs, EUR/USD is trading in a bearish weekly territory as it retests a dynamic counter-trendline resistance.

EUR/USD News

Shiba may reward patience with an 80% return

Shiba Inu price did test the May 19 low again earlier this week but did rebound before testing the June 11 low, establishing the low point of a potential inverse head-and-shoulders pattern. 

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US Durable Goods Orders rebound in May, business spending ebbs

Overall goods orders rise, April's total revised higher. Business spending slips, inhibited by product and material shortages. Manufacturing output scarcity, restrictions contribute to inflation.

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