EUR/USD, “Euro vs US Dollar”
EURUSD has almost completed the correction by reaching 1.1815. Possibly, today the pair may resume trading downwards to break 1.1780 and then continue falling within the downtrend towards 1.1744 or even reach the target at 1.1730.
GBP/USD, “Great Britain Pound vs US Dollar”
GBPUSD is testing 1.3838 from below. Possibly, the pair may rebound and form a new descending structure to break 1.3688. Later, the market may continue trading downwards with the target at 1.3470.
USD/RUB, “US Dollar vs Russian Ruble”
USDRUB has completed the correctional structure at 74.20. Today, the pair may fall to break 73.44 and then continue trading downwards with the short-term target at 72.72.
USD/JPY, “US Dollar vs Japanese Yen”
USDJPY is forming the first descending wave towards 110.07. Later, the market may start a new correction to reach 110.33 and then resume falling within the downtrend with the target at 109.50.
USD/CHF, “US Dollar vs Swiss Franc”
After finishing the correction at 0.9148, USDCHF is expected to consolidate near the lows. Possibly, the pair may break the range to the upside and form one more ascending structure to break 0.9212. Later, the market may continue trading within the uptrend with the short-term target at 0.9277.
AUD/USD, “Australian Dollar vs US Dollar”
AUDUSD is still consolidating below 0.7388. Today, the pair may fall towards 0.7272 and then correct to return to 0.7380. After that, the instrument may resume trading downwards with the target at 0.7171.
Brent
After breaking 74.44, Brent continues growing. Possibly, the asset may reach 75.55 and then start a new correction towards 72.50. After that, the instrument may form one more ascending structure with the target at 77.00.
XAU/USD, “Gold vs US Dollar”
After rebounding from 1811.10, Gold is still falling to break 1790.50. Later, the market may continue trading downwards with the short-term target at 1765.55.
S&P 500
The S&P index is still moving upwards. Today, the asset may consolidate around 4414.4. If the price breaks this range to the upside, the market may continue growing to reach 4430.4. After that, the instrument may start a new decline with the first target at 4331.4.
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AUD/USD quickly left behind Wednesday’s strong pullback and rose markedly past the 0.6900 barrier on Thursday, boosted by news of fresh stimulus in China as well as renewed weakness in the US Dollar.
EUR/USD refocuses its attention to 1.1200 and above
Rising appetite for the risk-associated assets, the offered stance in the Greenback and Chinese stimulus all contributed to the resurgence of the upside momentum in EUR/USD, which managed to retest the 1.1190 zone on Thursday.
Gold holding at higher ground at around $2,670
Gold breaks to new high of $2,673 on Thursday. Falling interest rates globally, intensifying geopolitical conflicts and heightened Fed easing bets are the main factors.
Bitcoin displays bullish signals amid supportive macroeconomic developments and growing institutional demand
Bitcoin (BTC) trades slightly up, around $64,000 on Thursday, following a rejection from the upper consolidation level of $64,700 the previous day. BTC’s price has been consolidating between $62,000 and $64,700 for the past week.
RBA widely expected to keep key interest rate unchanged amid persisting price pressures
The Reserve Bank of Australia is likely to continue bucking the trend adopted by major central banks of the dovish policy pivot, opting to maintain the policy for the seventh consecutive meeting on Tuesday.
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