Fundamental

EUR/USD stays in a consolidation phase above 1.1550 after posting impressive gains on Thursday. Comments from policymakers could impact the pair’s action in the near term.

Gold is replicating the recovery moves seen in Thursday’s Asian trades, as buyers jump back in at lower levels early Friday after defending the critical $4,600 demand area.

EUR/USD seems to be giving some signs of life following last week’s yearly lows near 1.1400 the figure. In the meantime, while below its critical 200-day Simple Moving Average (SMA) around 1.1670, the pair risks deeper losses in the short-term horizon.

For the time being, the near-term prospect for the Australian Dollar (AUD) remains positive, supported by consistently high inflation in Australia and the RBA’s hawkish stance.

This week’s central bank meetings delivered familiar decisions but a more uneasy undertone. The backdrop has not turned outright hawkish, but it is not dovish either. In short, steady rates, but little in the way of reassurance. What are the main takeaways for the FX galaxy?

If you are wondering why Silver collapsed after central banks’ announcements, there’s just one word that can easily answer that question: returns.