Overall there is strength in the CAD and AUD with minor strength in GBP, USD. Weakness in the JPY, CHF, EUR.
USD held firm on Thursday after the 10-year U.S. bond yield popped above the psychologically important 3 percent mark and investors looked to U.S. consumer price data later in the day that could show an acceleration in inflation.
Gold seems to have found acceptance above the 50-candle MA in 4-hour chart. A break above $1,319 could yield $1,325. On the downside, support is seen at $1,312 and $1,300 psychological mark.
Oil prices posted their biggest gains in a month, marking fresh three-and-a-half-year highs after Donald Trump’s announcement of abandoning the Iran nuclear deal. Nymex crude futures settled $2.08 higher at $71.14 a barrel. Meanwhile, the US Energy Information Administration reported that oil stockpiles fell by 709 barrels to 663.6 million barrels last week, the lowest level since December 2017.
EUR/USD pair is under pressure below its key resistance at 1.1900, which should limit the upside potential. The 20-period moving average turned downward and crossed below the 50-period one.
RSI is below its neutrality level at 50 and lacks upward momentum. Therefore, as long as 1.1900 is not surpassed, look for a return with target at 1.1820. Alternatively, above 1.1900, expect a technical rebound with 1.1980 as target.
On the data slate there’s Euro-Zone ECB Publishes Economic Bulletin; UK Visible Trade balance; UK Industrial Production; UK Manufacturing Production; UK Construction Output; UK BOE Bank Rate; UK GDP Estimate; UK BOE Inflation Report; US CPI; US Initial Jobless Claims; US Continuing Claims; US Real Average Hourly and Weekly Earnings and US Monthly Budget Statement.
BUY EUR/USD @ 1.1850 OR BETTER – STOP @ 1.1810 – TARGET @ 1.1910
BUY GBP/USD @ 1.3545 OR BETTER – STOP @ 1.3500 – TARGET @ 1.3650
SELL USD/JPY @ 109.20 OR BETTER – STOP @ 109.85 – TARGET @ 108.50
BUY CL0618 @ 71.20 OR BETTER – STOP @ 70.70 – TARGET @ 72.50
BUY AUD/USD @ 0.7435 OR BETTER – STOP @ 0.7400 – TARGET @ 0.7520
BUY XAU @ 1310 OR BETTER – STOP @ 1304 – TARGET @ 1325
BUY XAG @ 16.20 OR BETTER – STOP @ 15.80 – TARGET @ 17.00
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Always interesting to read. Very helpful
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beautiful scenery, I really like the scenery.
Thank a lot for you 😀
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