EUR/USD, “Euro vs US Dollar”
After completing the descending wave at 0.9834 along with the correction up to 0.9922, EURUSD is expected to fall to break 0.9800 and then continue trading downwards with the short-term target at 0.9744.
GBP/USD, “Great Britain Pound vs US Dollar”
GBP/USD has finished the descending structure at 1.1226 along with the correction up to 1.1355. Today, the pair may resume trading downwards to break 1.1220 and then continue falling with the short-term 1.1000.
USD/JPY, “US Dollar vs Japanese Yen”
Having completed the ascending wave at 144.80, USDJPY is expected to resume falling to break 144.06 and then continue trading downwards with the target at 143.50.
USD/CHF, “US Dollar vs Swiss Franc”
USD/CHF is consolidating above 0.9797. Possibly, the pair may form one more ascending wave to reach 0.9999 and then start a new decline with the target at 0.9700.
AUD/USD, “Australian Dollar vs US Dollar”
AUD/USD is still consolidating around 0.6500. Possibly, today the pair may grow to reach 0.6600 and then resume trading downwards with the target at 0.6400.
Brent
After finishing the ascending wave at 94.76, Brent is forming a new consolidation there. Possibly, the asset may break the range to the upside and resume growing towards 95.00, or even extend this structure to reach the short-term target at 97.30.
XAU/USD, “Gold vs US Dollar”
After completing the descending wave at 1700.44 along with the correction up to 1722.22, Gold is expected to form a new descending structure to break 1694.22 and then continue trading downwards with the target at 1660.00.
S&P 500
Having finished the ascending wave at 3800.0, the S&P index is expected to start a new decline to break 3666.6 and then continue falling with the short-term target at 3500.0.
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AUD/USD: The hunt for the 0.7000 hurdle
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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