People wanting to emulate your ideas is always flattery.
USD
EUR/USD
The single currency recoup losses from $1.1750 to $1.1793, amid currency markets are looking ahead to the European Central Bank's meeting at 15:45.
GBP/USD
Sterling surged from $1.3589 to $1.3713, despite mounting Delta variant cases in Britain and confusion about the lifting of restrictions in England.
USD/JPY
Yen soared to 110.13 per dollar on risk appetite amid inflation fears and concerns about the highly-contagious coronavirus variant.
USD/CAD
Loonie jostled to 1.2583 per dollar as oil hung on to most of Wednesday's sharp price rise, its biggest one-day gain in three months.
AUD/USD
Aussie climbed to $0.7370, although Australia registers the highest COVID-19 infections in 10 months, diminishing hopes that lockdown restrictions would be lifted as more than half the country's population was subject to stay-at-home orders.
USD/ZAR
Rand bolstered to 14.57 against the greenback, although South Africa's headline consumer price inflation slowed to 4.9% year on year in June from 5.2% in May.
USD/MUR
The dollar-rupee cascaded to 42.95(selling) on Bank of Mauritius intervention yesterday.
15:45 - AUD - RBA Monetary Policy Statement
15:45 - EUR - Deposit Facility Rate (Jul)
15:45 - EUR - ECB Interest Rate Decision (Jul)
15:45 - EUR - ECB Marginal Lending Facility
15:45 - EUR - ECB Monetary Policy Statement
16:30 - USD - Initial Jobless Claims
16:30 - EUR - ECB Press Conference
18:00 - USD - Existing Home Sales (Jun)
EURGBP appears to be riding into a corrective wave A-B-C after completing 5 waves to the downside. Yesterday, we observed an impulsive break out of wave B channel which could lead EURGBP towards final wave C as per Elliott wave analysis. we remain bullish on EURGBP with stop loss below 0.8500 targeting 0.8757 , 0.8826 and ultimately 0.8915.
After rallying towards a high of 156.07 end of May 2021, we saw a three wave corrective move to the downside in GBPJPY which possibly could be the end of a corrective wave A-B-C before a new high is formed or possibly part of a larger corrective combination wave W-X-Y as per Elliott wave perspective.
127% appears to be good level for short term rebound to the upside.
Approaching 149.00/149.10 could be an opportunity to long the market with stop below 148.30 with targets levels 150 , 150.71 and 151.70.
