EUR/USD, "Euro vs US Dollar"
EUR/USD is testing the signal lines of the indicator. The instrument is going below the Ichimoku Cloud, which implies a downtrend. A test of the lower boundary of the Cloud at 1.0680 is expected, followed by a decline to 1.0515. An additional signal confirming the decline could be a rebound from the upper boundary of the bearish channel. The scenario can be cancelled by a breakout of the upper boundary of the Cloud with the price securing above the 1.0720 level, which will indicate a further rise to 1.0815.
XAU/USD, "Gold vs US Dollar"
Gold is pushing off the Cloud. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the lower boundary of the Cloud at 1920 is expected, followed by a rise to 1955. An additional signal confirming growth could be a rebound from the lower boundary of the ascending channel. The scenario can be cancelled by a breakout of the lower boundary of the Ichimoku Cloud with the price securing below 1910, which will signal a further decline to 1875.
USD/JPY, "US Dollar vs Japanese Yen"
USD/JPY is rising within a bullish channel. The instrument is going above the Ichimoku Cloud, which implies an uptrend. A test of the upper boundary of the Cloud at 147.70 is expected, followed by a rise to 149.75. An additional signal confirming growth could be a rebound from the lower boundary of the bullish channel. The scenario can be cancelled by a breakout of the lower boundary of the Cloud with the price securing below 146.55, which will indicate a further decline to 145.65.
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EUR/USD retreats from tops post-US PCE, back near 1.0540
The bearish sentiment in the US Dollar remains in place and supports EUR/USD's constructive outlook, keeping it in the 1.0540 region after the release of US inflation data, as measured by the PCE, on Wednesday.
GBP/USD recedes to 1.2640 on US PCE data
GBP/USD remains positively oriented in the 1.2640 zone as the Greenback experiences a marked pullback following the PCE inflation release.
Gold remains sidelined near $2,640 following US inflation prints
Gold remains on the positive foot near $2,640 per troy ounce, as US inflation data matched initial estimates in October, while US yields display a negative performance across the curve.
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Eurozone PMI sounds the alarm about growth once more
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