
EUR/USD Forecast: Euro buyers move to sidelines ahead of key US NFP revisions
EUR/USD stays in a consolidation phase at around 1.1750 in the European session after touching its highest level since late July at 1.1780 earlier in the day.
EUR/USD stays in a consolidation phase at around 1.1750 in the European session after touching its highest level since late July at 1.1780 earlier in the day.
EUR/USD remains bullish above 1.17 as traders eye ECB policy and US inflation data, though resistance at 1.1780–1.1860 could trigger a pullback.
Gold surged to a record $3,659 per ounce on Tuesday, with Fed rate cut bets keeping XAU/USD bullish toward the $3,700 mark despite overbought signals.
The Nasdaq 100 hovers at 23,817 as buyers test resistance near 23,850, with US inflation data set to determine whether record highs can be challenged.
The S&P 500 holds near record highs at 6,511, with resistance at 6,520 in focus ahead of US inflation data that could shape Fed rate cuts.
Excessive valuations, shareholder value destruction, and issuance of new shares cloud an otherwise bright outlook. Will the head-and-shoulders pattern lead to more downside?