EUR/USD, “Euro vs US Dollar”
Having completed the descending wave at 0.9900, EURUSD is consolidating above this level. Possibly, the pair may grow to reach 1.0055 and then resume falling with the target at 0.9800.
GBP/USD, “Great Britain Pound vs US Dollar”
After finishing the descending wave at 1.1717 and forming a new consolidation range above this level, GBPUSD is expected to correct up to 1.1919 and then resume trading downwards with the target at 1.1700.
USD/JPY, “US Dollar vs Japanese Yen”
Having completed the descending wave at 135.80 along with the correction up to 137.00, USDJPY is forming a new descending structure with the first target at 135.70.
USD/CHF, “US Dollar vs Swiss Franc”
After finishing the descending structure at 0.9603, USDCHF is correcting up to 0.9658. Later, the market may resume trading downwards with the short-term target at 0.9555.
AUD/USD, “Australian Dollar vs US Dollar”
AUD/USD has completed the descending wave at 0.6855. Today, the pair may correct up to 0.6966 and then start another decline with the target at 0.6800.
Brent
Brent continues forming the ascending wave with the short-term target at 101.50. After that, the instrument may start a new correction towards 97.40 and then resume growing to reach 102.10.
XAU/USD, “Gold vs US Dollar”
After finishing the ascending wave at 1753.70, Gold is correcting down to 1742.24. Later, the market may form one more ascending structure with the target at 1757.30.
S&P 500
The S&P index has completed the descending wave at 4114.0. Possibly, today the asset may start a new pullback towards 4160.0, or even extend this correctional structure up to 4208.0. After that, the instrument may resume trading downwards with the target at 4090.0.
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EUR/USD tests fresh tops above 1.0870 on NFP
The selling bias in the US Dollar gathers extra pace on Friday after the US economy created fewer jobs than initially estimated in February, sending EUR/USD to the area of new highs around 1.0870.
GBP/USD hovers around recent highs above 1.2900
The continuation of the downward trend in the Greenback encourages GBP/USD to maintain the trade just above the 1.2900 mark following the release of US NFP in February.
Gold remains bid above $2,900 after US Payrolls
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February CPI preview: The tariff winds start to blow
Consumer price inflation came out of the gate strong in 2025, but price growth looks to have cooled somewhat in February. We estimate headline CPI rose 0.25% and the core index advanced 0.27%. The moderation in the core index is likely to reflect some giveback in a handful of categories that soared in January.
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