The short-term outlook for EUR/USD has been consistently deteriorating since the rejection from yearly peaks near the 1.2100 hurdle recorded in late January. The continuation of ongogin leg lower threatens to breach below its critical 200-day SMA in the 1.1660 region.
Spot Gold soared to $5,419 on Monday, as risk aversion took over financial markets. The United States (US) and Israel unleashed military attacks on Iran early on Saturday, resulting in the killing of the country’s Supreme Leader, Ayatollah Ali Khamenei.
AUD/USD is still orbiting that familiar 0.7000–0.7150 range, and for now there is no clean break in sight. The Aussie continues to draw underlying support from sticky domestic inflation and a Reserve Bank of Australia (RBA) that is in no rush to soften its hawkish tone.
The Euro has been very choppy during the month of February as traders are trying to figure out where the two central banks are heading at the moment.
For much of 2024 and into early 2025, Artificial Intelligence was framed as an equity market theme, something for Nasdaq bulls and venture capital decks. That is now changing fast.
The EUR/USD pair plunged towards 1.1700 on Monday, as risk aversion took over financial markets following weekend headlines. On Saturday, the United States (US) and Israel launched a massive attack on Iran, killing the Islamic Supreme Leader Ayatollah Ali Khamenei.