EUR/USD is trading at 1.0819, 0.09% up since previous day close. The US economic calendar’s disappointing findings from the previous session, especially with regard to the labour market, which rekindled prospects of FED interest rate reduction The policy differences between the two central banks have grown as a result of the recent rate decrease by the ECB and the Fed’s decision to hold rates steady. The pair is oscillating inside an ascending channel, suggesting a bullish bias according to a technical study of the daily chart.

US30 is trading at 39400, 0.06% up since previous day close. Investor expectations of FED interest rate cuts later this year, global equities increased and the US dollar declined on Wednesday. The ISM Non-Manufacturing index came in below expectations, and benchmark 10-year Treasury yields dropped in response to the jobless claims data and indications of weakness in the manufacturing sector. The US data is still not reliable enough to trade bullishly; 39050 could be the US30’s support and 39520 could be its resistance.

XAUUSD is trading at 2365, 0.38%, up since previous day close. The price of gold is currently near $2,360, its highest level in more than a week, and is expected to continue its recent upward trend early on Thursday. Gold prices are supported by persistent US dollar weakness Numerous macroeconomic indicators point to a weak US economy and rising inflation, which could lead to a rate cut this year. Investors are beginning to place cautious bets on yellow metal. the potential for 2316 to 2292 support and 2368 resistance.