EUR/JPY adds to Wednesday’s uptick and regains 141.00 and above.A sustainable move above the 200-day SMA should expose extra gains.EUR/JPY advances for the second session in a row on Thursday, although the initial bull run to the 141.30 region fizzled out rapidly.
While the cross is expected to maintain the side-lined theme in the short term, the 143.00 area remains a solid barrier for bulls. This key resistance zone also appears reinforced by the 100-day SMA, today at 142.90
If the cross breaks above the 200-day SMA at 141.02 on a sustainable fashion, the outlook is expected to shift to a more constructive one.
EUR/USD pushes higher toward 1.0800 on broad US Dollar weakness
EUR/USD has preserved its bullish momentum and extended its daily rally toward 1.0800 on Thursday. The US Dollar stays on the back foot as risk flows dominate the financial markets. The weekly data from the US showed that Initial Jobless EUR/USD News
GBPClaims rose to 196K from 183K.
/USD clings to strong daily gains above 1.2150
GBP/USD has managed to build on earlier gains and touched its highest level in nearly a week above 1.2170 on Thursday. BOE policymakers’ cautious comments on the inflation outlook and the risk-positive market environment fuels the pair’s rally.
Gold holds in green above $1,880 as US yields edge lower
Gold price continues to trade in positive territory above $1,880 on Thursday. Following Wednesday’s downward correction, the benchmark 10-year US Treasury bond yield continues to push lower below 3.6%, helping XAU/USD cling to its daily gains.
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