Euro – US Dollar
EUR/USD is easing toward 1.0900, stalling the previous recovery in the early European morning on Thursday. The US Dollar finds its feet, as markets turn cautious ahead of key inflation data releases from the Eurozone and the US.
If trading above 1.09096 is traded, the growth will likely continue to 1.09642.
On the other hand, if it trades below the range of 1.09096, the decline is likely to continue to 1.08201.
US Dollar – Japanese Yen
The GBP/USD pair consolidates its weekly gains registered over the past three days and seesaws between tepid gains/minor losses through the Asian session on Thursday. Spot prices trade around the 1.2720 region, nearly unchanged for the day and just a few pips below a one-week high touched on Wednesday.
If the pair is trading above 1.26882it is expected to climb to the range of 1.27557.
On the other hand, if the pair trades below 1.26882 it is expected to fall to the range 1.25725.
British Pound – US Dollar
The USD/CHF pair gained traction around 0.8795 during the early European session on Thursday. The Swiss Franc is weakened against the US Dollar (USD) following the release of Swiss Real Retail Sales. Market participants will shift their attention to the US Core Personal Consumption Expenditure Price Index (PCE) and the weekly Job
The USD/CHF pair gained traction around 0.8795 during the early European session on Thursday. The Swiss Franc is weakened against the US Dollar (USD) following the release of Swiss Real Retail Sales. Market participants will shift their attention to the US Core Personal Consumption Expenditure Price Index (PCE) and the weekly Jobless Claims due later in the North American session.
If the pair is trading above 0.87763 it is expected to climb to the range of 0.88079.
On the other hand, if the pair trades below 0.87763 it is expected to fall to the range of 0.87178.
less Claims due later in the North American session.
If the pair is trading above 0.87763 it is expected to climb to the range of 0.88079.
On the other hand, if the pair trades below 0.87763 it is expected to fall to the range of 0.87178.
US Dollar – Swiss Franc
The USD/CHF pair gained traction around 0.8795 during the early European session on Thursday. The Swiss Franc is weakened against the US Dollar (USD) following the release of Swiss Real Retail Sales. Market participants will shift their attention to the US Core Personal Consumption Expenditure Price Index (PCE) and the weekly Jobless Claims due later in the North American session.
If the pair is trading above 0.87763 it is expected to climb to the range of 0.88079.
On the other hand, if the pair trades below 0.87763 it is expected to fall to the range of 0.87178.
Gold – US Dollar
Gold Price holds steady at the highest level in four weeks during a four-day winning streak as market players await the key inflation clues from the US and Eurozone. That said, the recently downbeat US data have raised concerns about the Fed policy pivot and bolstered the XAU/USD price.
If the pair is trading above 1942.75 It is expected to climb to the 1950.55 range.
on the other hand, if the pair trades below 1942.75 It is expected to fall to the range of 1936.42