Fundamental

The Nasdaq 100 sees a bit of selling pressure on Wednesday, as it is now testing the critical support level near the 25,000 level.

The US Dollar is flat against the Swiss Franc on Thursday, trading around 0.7780 at the time of writing.

EUR/USD treads water at around 1.1800 in the European session on Thursday as investors refrain from taking large positions ahead of the European Central Bank’s (ECB) monetary policy announcements.

The GBP/USD pair attracts follow-through sellers for the second straight day on Thursday and retreats further from its highest level since September 2021, around the 1.3870 region, touched last week.

Gold is experiencing some volatility in Thursday’s Asian trading, moving back and forth in a roughly $200 range. Traders now look forward to the US JOLTS Job Openings data and geopolitical developments between the US and Iran for a clear directional impetus.

EUR/USD continues to grind lower, reinforcing the idea that January’s yearly peak near the 1.2100 area may prove to be an interim top, at least for now.