EUR/USD Forecast: Steady ECB and upbeat US GDP boost sentiment
The EUR/USD pair traded uneventfully around the 1.0900 figure throughout the first half of the day, awaiting critical first-tier news.
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The EUR/USD pair traded uneventfully around the 1.0900 figure throughout the first half of the day, awaiting critical first-tier news.
Gold remains confined within familiar levels on Thursday despite resurgent US Dollar demand following first-tier news.
The 4-hour chart of XAU/USD indicates that the price climbed above the 50% Fib retracement level of the downward move from the $2,062 swing high to the $2,001 low. However, the bears are still active near the $2,040 zone.
The retracement in the crypto market continues today with a 3.3% decline, moving the total market cap to $1.64 trillion.
The EUR/USD pair flirts with the 1.0900 threshold ahead of Wall Street’s opening as a better market mood plays against the US Dollar.