EUR/USD touched its highest level in a month at 1.1370 on Wednesday but struggled to preserve its bullish momentum. The pair was last seen edging lower toward 1.1300.
GBP/USD reverses the early Asian gains while easing to 1.3485 ahead of Thursday’s London open.
The USD/JPY pair continued scaling higher heading into the European session and shot to a fresh monthly high, around the 115.15 region.
The AUD/USD pair surrendered its modest intraday gains and was last seen trading just a few pips above the daily low, around mid-0.7200s during the early European session.
NZD/USD takes the bids to refresh intraday high near 0.6845, up 0.20% on a day during Thursday’s Asian session.
USD/CAD, so far, has managed to defend the lower boundary of an upward sloping channel extending from late October around the 1.2770 – 1.2765 region.
USD/CHF picks up bids to refresh intraday high around 0.9160, up 0.13% intraday heading into Thursday’s European session.
WTI crude oil remains firmer for the fourth consecutive day during the mid-Asian session on Thursday, up 0.40% intraday. The black gold jumped to the highest since November 26 the previous day as the US dollar weakness joined upbeat oil inventories.
In Thursday’s trading so far, gold price is extending the previous bearish momentum, as the Treasury yields hold the recent advance. Meanwhile, the market mood remains cautious, underpinning the dollar’s safe-haven demand at gold’s expense.
Stay up to date with the important data releases and economic events happening daily through our Economic Calendar.
Any information provided therein are indicative and subjective to the technical analysis method or trading patterns used and the timing of their release. Those are provided as general market information and/or market commentary and/or the publication of market/factual data and should not be construed as containing personal and/or other investment recommendation, and/or to be Investment Advice or independent Investment Research. As such, the legal and regulatory requirements in relation to independent investment research do not apply to this material and it is not subject to any prohibition on dealing ahead of its dissemination. For the full Risk Disclaimer click here.