Due to strong upside cycle and potential completion of downside correction, I see further upside continuation..
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AUD/USD spikes on stellar Aussie employment details
AUD/USD snaps a three-day losing streak to over a one-month low and jumps to the 0.6700 neighborhood following the release of the upbeat Australian jobs report. The robust data should allow the RBA to stick to its hawkish stance, which, in turn, boosts the Aussie.
EUR/USD backslides to a ten-week swing low ahead of ECB rate call
EUR/USD is in freefall, plummeting to multi-week lows as the Euro continues to crumple ahead of the European Central Bank’s upcoming rate call on Thursday. The ECB is widely expected to trim interest rates by a quarter of a percent, or 25 bps.
Gold price remains close to all-time peak
Gold price trades just below the all-time peak, which was retested on Wednesday, and seems poised to prolong its recent well-established uptrend. The recent pullback in the US Treasury bond yields, expected rate cuts by major central banks and geopolitical risks continue to act as a tailwind for the safe-haven XAU/USD.
Solana Price Forecast: SOL gears up to test $172 resistance
Solana gains on Wednesday, trades above $154 at the time of writing. SOL token has traded within a range between the March 18 peak of $210.18 and the August 5 low of $110 for six consecutive months.
British inflation dips to 1.7% in September
And speaking of inflation and Europe, inflation in Britain not only fell below 2% in September but came in significantly lower than expected (1.7%y-o-y vs 1.9% expected).
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