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AUD/USD: The loss of 0.6700 could spark extra weakness
The selling pressure in the risk-linked universe gathered extra pace on the back of the firmer tone in the greenback, motivating AUD/USD to retreat for yet another session and challenge the key support around 0.6700.
EUR/USD: Next on the downside comes the 200-day SMA
EUR/USD partially reversed the recent two-day advance on Thursday, breaking below the key support at 1.0900 the figure amidst the increasing upside impetus in the US Dollar and the dovish hold by the ECB.
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Editors’ Picks
Gold approaches $2,450 as US Dollar corrects
Gold holds steady above $2,460 on Thursday after posting small losses on Wednesday. The rebound seen in the US Dollar amid risk aversion and the US Treasury bond yields' resilience, however, limits XAU/USD's upside in the American session.
Shiba Inu crushed by 5 trillion SHIB transfer, $230 million WazirX hack
Shiba Inu (SHIB), one of the largest meme coins in the crypto ecosystem suffered a steep correction early on Thursday, following a hack on an Indian crypto exchange. Data from on-chain intelligence tracker Arkham shows that WazirX exchange was exploited for over $102 million in SHIB tokens.
ECB review: A ‘wide open’ September meeting
Today, the ECB held its policy rates unchanged, as unanimously expected by markets and analysts. The central bank did not send any signals for the September decision, where it repeated its call for a data-dependent and meeting-by-meeting approach.