Analyzes

The USD/JPY pair builds on last week’s bounce from the vicinity of mid-157.00s and prolongs its uptrend for the fourth straight day on Thursday.

The EUR/USD exchange rate has pulled back in the past two consecutive days as investors reflect on the next stages of the ongoing US-Iran war. It retreated to 1.1710, down from this month’s high of 1.1847.

Gold is challenging the $4,700 level on renewed downside in Asia on Thursday, wiping out the previous rebound.

Spot Gold is little changed on a daily basis, trading around the $4,730 level. Uncertainty took over financial markets after the latest Middle East developments that led to the current stalemate situation.

The Iran war inflation shock could be larger than that of the Coronavirus pandemic. You think it’s overstretched? It’s not.

EUR/CHF remains rangebound and headline-driven, with 0.92 as key resistance and 0.91 as the main support zone to watch for a potential rebound.