FxAnalysis

AUD/USD extends its rally to 0.6600 as rising RBA hawkishness and dovish Fed expectations fuel bullish momentum, with eyes on 0.6700 resistance.

EUR/USD surged to 1.1665 following weak U.S. ADP jobs data, increasing expectations of a Fed rate cut, while bullish momentum targets 1.1750 amid diverging ECB-Fed outlooks.

The GBP/USD pair reverses a modest intraday dip and touches a fresh high since October 28, around the 1.3355-1.3360 region, during the first half of the European session on Thursday.

EUR/USD extended its weekly uptrend on Wednesday and touched its highest level since October 17 near 1.1680. The pair corrects lower early Thursday and trades at around 1.1650.

Gold has entered a phase of upside consolidation, oscillating in a familiar range around the $4,200 mark, awaiting more US jobs data for fresh hints on the US Federal Reserve’s (Fed) interest rate outlook beyond the December monetary policy meeting.

EUR/USD keeps its bullish tone well in place for yet another day on Wednesday, this time advancing to the proximity of 1.1700 the figure and flirting at the same time with new seven-week tops.