Analyzes

If you are wondering why Silver collapsed after central banks’ announcements, there’s just one word that can easily answer that question: returns.

Bitcoin has made a strong bearish breakdown over the past day.

The Australian dollar was fairly unchanged on Thursday as energy prices remained elevated amid the Iran war. The AUD/USD pair was trading at 0.7045, down from the year-to-date high of 0.7182 after the Federal Reserve and Reserve Bank of Australia (RBA) interest rate decisions.

The USD/JPY pair attracts heavy selling on Thursday and dives to the 159.00 neighborhood during the first half of the European session, eroding a major part of the previous day’s strong move up to the highest level since July 2024.

After posting moderate gains on Monday and Tuesday, EUR/USD reversed its direction and declined sharply on Wednesday. The pair stays in a consolidation phase near 1.1450 in the European morning on Thursday as investors gear up for the European Central Bank’s (ECB) policy decisions.

Gold is on a recovery mode from six-week lows of $4,807 reached on Wednesday, as buyers try their luck amid renewed escalation of the Middle East war.