Gold exceeded $2.000 per ounce. Stock futures rose on Wednesday as investors awaited further updates on stimulus talks.
EUR/AUD has some fuel
BUY 1.6175; TP1 1.62; TP2 1.6235; SL 1.6160
SELL 1.6085; TP 1.6050; SL 1.6100
EUR/AUD formed a "hammer" candlestick on the W1, above the 50-week MA in the 1.6010 area. There's also a 100-day MA just above 1.6050. The pair tried to retest levels below it earlier this week but then closed higher. All of this lets us think about a bullish scenario. The advance above Friday's high at 1.6170 area will open the way up to 1.62 (100-day MA) and potentially to 1.6235 (200-day MA). Support lies at 1.6090 (200-period MA on H4). The decline below it will mark a return to 1.6050.
Dollar continues to keep firmer on the day, all eyes on the US jobs report later.
Asian equity markets failed to sustain the positive tone from Wall Street where all major indices notched gains as technology sector outperformed for another day.
US stocks are set to weaken at the open today, consolidating after gains in the previous session, with investors wary amid few signs of progress over the next virus relief bill.