Technical analytics

Market positive mood persists on Thursday. 

Buyers were driving the XAU/USD pair upwards the whole night. 

Buyers failed to reclaim 114.00 and just tested the level. 

The pound pushed away from 1.3100 and jumped to fresh highs.

The EUR/USD pair bounced from the oversold zone and rallied upwards. 

The US dollar extended its bullishness and strengthened from 113.30 to 114.00. 

GBP/JPY extended its decline and tested the 149.00 handle in the Asian session. 

The euro bounced from the lower limit of a buying channel and rallied upwards. 

The NZD/USD maintained its bearish tone trading around its fresh lows.

DAX

The market is still equally divided between bulls and bears as a result, the DAX index continued its phase of consolidation on Wednesday.