On Thursday, markets and investors in FX market will be cautiously focused on the reaction from the comments of Federal Reserve Governor Jerome Powell and the results of US data on jobless claims, PPI and trade balance. The response is continuing after Trump's recent threats to impose more tariffs on Chinese products by next Friday as negotiations between the two sides continue. Economists believe that Trump's threat to speed up a trade deal between them is appropriate before imposing further tariffs and igniting a trade war between them that strongly threatens the global economy as a whole.
In the following lines we will review together the most important trading opportunities for the sale or purchase of the most important currencies pairs and gold, which may occur during today’s trading based on the expected events and economic data:
Main buying levels:
Buy USD/JPY from 109.45 and target 112.00 with the stop at 108.70.
Buy EUR/USD from 1.1130 and target 1.1300, with the stop at 1.1050.
Buy Gold from 1275 and target 1300, with the stop at 1265.
Main Selling Levels:
Sell GBP/USD from 1.3160 and target 1.2900, with the stop at 1.3220.
Sell USD/CHF from 1.0260 and target 0.9945, with the stop at 1.0320.
Sell USD/CAD from 1.3530 and target 1.3300, with the stop at 1.3600.
Sell EUR/AUD from 1.6160 and target 1.5880, with the stop at 1.6230.