technical

Since being rejected from the yearly highs near the 1.2100 mark in late January, the short-term picture for EUR/USD has been steadily deteriorating.

Renewed US Dollar (USD) demand amid risk aversion pushed XAU/USD lower on Thursday, with the pair currently trading at around $5,120. Latest tensions revolve around the Strait of Hormuz, which remains closed, and there are reports indicating Iran planted mines through it.

The Australian Dollar (AUD) remains firm amid elevated domestic inflation and the hawkish stance from the Reserve Bank of Australia (RBA). This combination maintains the door open for AUD/USD to go up even more, and it also helps to protect against occasional pullbacks.

Gold has a habit of moving before the macro narrative becomes obvious. What are its recent price moves telling us?

The EUR/USD pair is under renewed selling pressure on Thursday, trading around 1.1530 early in the American session. The escalation of the Middle East war led to fresh fears, which in turn pushed Oil prices and the US Dollar (USD) up.

The volatility that crypto is known for has been in full force in March, largely due to factors outside of the influence of investors, leaving many longing for a little peace and stability.