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GBPUSD pulls back from the monthly low to regain 61.8% Fibonacci retracement of May 15 to June 10 upside ahead of the key Brexit talks and speech by the BOE Governor Andrew Bailey.
Despite bouncing off the short-term key support line the previous day, EURUSD stays pressured near the important rest-point around 1.1200.
With the risk-off sentiment in full steam disappointing the energy buyers, Brent crude prices print three-day losing streak during the early Thursday.
NZDUSD pair's pullback from a two-week top, backed by RBNZ's dovish pause, fails to disappoint the bulls.
Although the early-day risk-off sentiment dragged USDJPY to a three-day low, an ascending trend line from May 06 triggered the pair's bounce afterward
While gradually extending its recovery moves from $1717.50, Gold prices cross the key horizontal resistance, around $1745, to refresh the monthly top above $1,758.40
Despite stepping back from 0.6975, the monthly support line keeps the AUDUSD buyers hopeful As a result, the optimists can expect a bounce to 0.6900 ahead of witnessing an obstacle during the
GBPUSD extends its pullback from Tuesday while declining to 1.2545 ahead of the bank of England's (BOE) monetary policy meeting on Thursday Although the BOE is widely anticipated to add to its bond
Considering the Brent oil's U-turn from $41.17 the previous day, the energy benchmark seems to undertake the efforts to print Head-and-Shoulders bearish formation on the four-hour chart.
EURUSD benefits from the market's latest optimism backed by the Federal Reserve's readiness to buy more corporate bonds and offer lending support to the non-profit organizations
Global markets turn risk-off at the week's start as fears of the coronavirus (COVID-19) resurgence gained momentum As a result, the USDJPY pair extends pullback from a confluence of 200-bar SMA and
After witnessing downbeat UK data dump for April, including over 20% fall in GDP, GBPUSD remains on the back foot below the key SMA As a result, the sellers can keep targeting a 50% Fibonacci
USDCHF bounces off the mid-March bottom while trading around 0.9450 amid the early Thursday The pair seems to take clues from oversold RSI conditions while staying near the short-term key horizontal
Gold prices seem to pick-up the bids around $1717/18 as broad US dollar weakness ahead of the US Federal Reserve monetary policy meeting favor the yellow metal.
With the overbought RSI restricting the fuel for the AUDUSD pair buyers, the quote recedes from the multi-day top.