Majors
EUR/USD: SHORT AT 1.1055 FOR 1.0848, STOP 1.1143
USD/JPY: LONG AT 120.35 FOR 122.13; STOP AT 119.59
GBP/USD: SHORT AT 1.5365 FOR 1.5201; STOP AT 1.5425
USD/CHF: LONG AT .9820 FOR RAISED .9984; STOP AT .9749
AUD/USD: SHORT AT .7217 FOR .7002; REVISED STOP AT .7269
USD/CAD: POSSIBLY BUY
Crosses
EUR/JPY: SHORT AT 134.00 FOR 132.23; LOWER STOP TO 134.01
EUR/GBP: REVISE SELL AT .7220 FOR .7026; REVISE STOP AT .7275
EUR/CHF: POSSIBLY BUY
EUR/CAD: SHORT AT 1.4595 FOR 1.4292; STOP AT 1.4735
GBP/JPY: POSSIBLY BUY
NZD/USD: LONG AT .6745 FOR .6937; STOP AT .6680
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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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