Bank of America maintains a bearish medium-term view on the greenback, driven by what it sees as a stagflationary U.S. policy mix: high tariffs, fiscal tightening and unclear monetary direction from the Federal Reserve.
EUR/USD rebounds to near 1.0800 as the US Dollar corrects despite US President Trump threatening to impose large-scale tariffs on the Eurozone and Canada.
The EUR/USD pair continues its slide ahead of major US and European inflation data, with technical indicators suggesting a possible bullish reversal soon.
XRP appears to be showing a short-term recovery. However, this move likely represents a “wave b” within a broader correction. If the current Elliott Wave structure continues, the next wave (wave C) could result in a sharp decline.
Gold price (XAU/USD) attracts fresh buyers following the previous day's flat close and climbs to a fresh weekly high, around the $3,038-3,039 region during the Asian session on Thursday.
The Australian Dollar (AUD) remains under pressure against the US Dollar (USD) for the second consecutive day on Thursday, as risk-off sentiment rises amid concerns over impending US auto tariffs.
Short Term Elliott Wave view in EURUSD suggests rally from 2.3.2025 low is in progress as a 5 waves impulse. Up from there, wave 1 ended at 1.0528 and pullback in wave 2 ended at 1.036. Wave 3 higher ended at 1.0955.
EUR/USD accelerated to the downside on Wednesday, shedding over one-quarter of one percent on Wednesday and skidding back below 1.0750 for the first time since the first week of March.
Three days of relative market calm just got obliterated. With the tariff fog rolling in fast and thick, markets have flipped hard into risk-off mode, shattering the fragile rebound that had been taking shape.
