Fundamental

Gold struggles below $5,000 in Thursday’s Asian trades as buyers take a breather after the 2% rally on Wednesday.

EUR/USD’s latest run higher seems to have lost a bit of steam just above 1.1900 the figure, where some mild resistance is keeping a lid on things for now.

Spot Gold trades with a better tone on Thursday, trimming previous session losses and struggling to recover the $5,000 mark in the American session.

The Australian Dollar (AUD) is still holding up well, and for now the broader tone remains constructive.

The Reserve Bank of New Zealand decided to keep interest rates on hold in its February meeting, nothing surprising for market participants. The Kiwi turned south after the RBNZ decision against most major rivals, including the US Dollar, as investors priced in little action this year.

The Brazilian markets are closed for the holidays today, and this effects the USD/BRL, which remains shuttered for closing until the Ash Wednesday observation is complete, the close of the currency pair near 5.2228 on Friday will need to be watched upon the start of trading.