EUR/USD, “Euro vs US Dollar”
Having completed the descending wave at 1.0808, EURUSD is correcting towards 1.0929 and may later start a new decline with the target at 1.0750.
GBP/USD, “Great Britain Pound vs US Dollar”
GBP/USD has finished the descending wave at 1.2975; right now, it is correcting towards 1.3142. Later, the market may form a new descending structure with the target at 1.2916.
USD/JPY, “US Dollar vs Japanese Yen”
USD/JPY has completed the descending wave at 125.42; right now, it is consolidating around this level. Today, the pair may break the range to the downside and resume trading downwards with the first target at 124.56.
USD/CHF, “US Dollar vs Swiss Franc”
USD/CHF is still correcting towards 0.9311. After that, the instrument may form one more ascending structure with the target at 0.9406.
AUD/USD, “Australian Dollar vs US Dollar”
AUD/USD has completed the ascending wave at 0.7465. Today, the pair may fall to break 0.7371 and then continue falling with the target at 0.7340.
Brent
Brent is still growing towards 111.83. Later, the market may correct to reach 108.40 and then resume moving within the uptrend with the short-term target at 119.00.
XAU/USD, “Gold vs US Dollar”
After rebounding from 1964.32, Gold continues growing towards 1987.40. Later, the market may start a new correction to reach 1964.40 and then resume trading upwards with the short-term target at 2013.00.
S&P 500
The S&P index continues growing towards 4485.0. After that, the instrument may resume trading downwards with the first target at 4333.3.
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Editors’ Picks
EUR/USD clings to daily gains near 1.0300 after US PMI data
EUR/USD trades in positive territory at around 1.0300 on Friday. The pair breathes a sigh of relief as the US Dollar rally stalls, even as markets stay cautious amid geopolitical risks and Trump's tariff plans. US ISM PMI improved to 49.3 in December, beating expectations.
GBP/USD holds around 1.2400 as the mood improves
GBP/USD preserves its recovery momentum and trades around 1.2400 in the American session on Friday. A broad pullback in the US Dollar allows the pair to find some respite after losing over 1% on Thursday. A better mood limits US Dollar gains.
Gold retreats below $2,650 in quiet end to the week
Gold shed some ground on Friday after rising more than 1% on Thursday. The benchmark 10-year US Treasury bond yield trimmed pre-opening losses and stands at around 4.57%, undermining demand for the bright metal. Market players await next week's first-tier data.
Stellar bulls aim for double-digit rally ahead
Stellar extends its gains, trading above $0.45 on Friday after rallying more than 32% this week. On-chain data indicates further rally as XLM’s Open Interest and Total Value Locked rise. Additionally, the technical outlook suggests a rally continuation projection of further 40% gains.
Week ahead – US NFP to test the markets, Eurozone CPI data also in focus
King Dollar flexes its muscles ahead of Friday’s NFP. Eurozone flash CPI numbers awaited as euro bleeds. Canada’s jobs data to impact bets of a January BoC cut. Australia’s CPI and Japan’s wages also on tap.
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