technical

Bitcoin eased slightly on Thursday but still looks constructive, with a rounding-bottom setup forming below the 50-day EMA and major support holding in the $60,000–$64,000 zone.

The escalation of the war in the Middle East is rapidly becoming a global economic problem. Surging Oil prices are reviving inflation fears at a time when central banks believed the worst of the price shock was behind them.

Gold is staging a decent comeback above $5,100 early Friday, awaiting the all-important US Nonfarm Payrolls (NFP) data for the next big directional move.  

Since the rejection from annual highs near the 1.2100 barrier in late January, the short-term outlook for EUR/USD has been deteriorating uninterruptedly. The recent break below the important 200-day SMA also opens up the possibility of further retracements in the near-term horizon.

Spot Gold resumed its slide on Thursday, accelerating south during American trading hours. The XAU/USD pair traded as low as $5,054, bouncing just modestly from the level as increased tensions in the Middle East revived demand for the US Dollar (USD).

Sticky domestic inflation and a Reserve Bank of Australia (RBA) that isn’t about to temper its hawkish attitude continue to offer an underlying cushion for the Australian Dollar (AUD), allowing for additional gains while limiting the downside.