Analyzes

The British pound slid against the US dollar on Thursday, with 1.3250 acting as crucial support and a breakdown there potentially opening the door to 1.30.

Bitcoin eased slightly on Thursday but still looks constructive, with a rounding-bottom setup forming below the 50-day EMA and major support holding in the $60,000–$64,000 zone.

The escalation of the war in the Middle East is rapidly becoming a global economic problem. Surging Oil prices are reviving inflation fears at a time when central banks believed the worst of the price shock was behind them.

Gold is staging a decent comeback above $5,100 early Friday, awaiting the all-important US Nonfarm Payrolls (NFP) data for the next big directional move.  

Since the rejection from annual highs near the 1.2100 barrier in late January, the short-term outlook for EUR/USD has been deteriorating uninterruptedly. The recent break below the important 200-day SMA also opens up the possibility of further retracements in the near-term horizon.

Spot Gold resumed its slide on Thursday, accelerating south during American trading hours. The XAU/USD pair traded as low as $5,054, bouncing just modestly from the level as increased tensions in the Middle East revived demand for the US Dollar (USD).