Gold spiked higher Thursday, driven by strong momentum and tailwinds from Federal Reserve easing. With $4,200 holding as a key support level, the bullish trend points toward $4,400 next—and possibly $5,000 in the coming months.
USD/INR surged on Thursday as shifting bond market expectations fueled dollar strength, with the Fed’s rate cut and T-bill purchases contrasting India’s anticipated bond buying.
EUR/JPY recovered from early losses on Thursday, with the euro supported by higher interest rates and expectations of continued BOJ bond buying.
USD/CAD failed to hold gains above 1.38 as resistance pushed the pair lower, with Fed bond purchases and narrowing rate differentials adding pressure.
Bitcoin remains under pressure following the Fed’s rate cut, with conflicting technical patterns adding to market indecision.
Natural gas fell over 8% on Thursday after inventory data revealed storage levels 3% above the 5-year average, sparking a steep sell-off.