technical

The British Pound has been the weakest of all major currencies this week, while the USD remains strong on Fed comments and safe-haven desire as stocks fall.

AUD/USD remains under bearish pressure after the RBA decision and ahead of key US jobs and PMI data, with technicals pointing to a drop toward 0.6400.

BTC/USD turns bearish after breaking key support, forming a head-and-shoulders pattern as market fear rises and ETF outflows deepen.

EUR/USD remains bearish as risk-off sentiment, Fed-ECB divergence, and weak technicals point to further downside ahead of key economic data.

Market mood got hammered yesterday — for all the reasons we’ve been citing over and over: overstretched tech valuations, an increasingly narrow rally, and the circularity concerns around Big Tech that are reviving dot-com bubble comparisons.

Gold is licking its wounds near $3,950 in Asian trades on Wednesday, following a 1.80% decline seen on Tuesday. Traders look forward to the US ADP employment data and the US ISM Services PMI report for fresh trading impetus.