EUR/USD Surges Past 1.1765 on Dismal US Jobs Data: Bullish Momentum Builds with Eyes on 1.1900 
FxWirePro: GBP/NZD firms as RBNZ pushes back on rate hike prospects 
FxWirePro: GBP/USD gains as UK manufacturing PMI beats expectations 
FxWirePro: USD/ZAR extends losses as dollar drops after delayed U.S. data 
NZDJPY: Bearish Bias Persists — Sell Rallies Near 90 Targeting 88 
UK Economy Accelerates, But GBP/JPY Stays Capped – Sell Toward 206 
FxWirePro: USD/CAD slides as U.S. dollar weakens after jobs data 
FxWirePro-Major European Indices 
FxWirePro: EUR/NZD advances as kiwi weakness after RBNZ's Breman comments 
Yen Surge Dims NZDJPY Shine: Bearish Trend Holds Below 91 Resistance 
USD Loses Shine: Soft Labor Market and Stalling Consumer Spending Drag USDCHF Lower 
AUDJPY: Bearish Setup Intact — Sell Rallies Near 103.30 Targeting 100 
FxWirePro- Woodies Pivot(Major) 
FxWirePro: NZD/USD sidelined ahead Of key New Zealand GDP and US inflation update 
FxWirePro:USD/JPY neutral in the near-term, scope for downward resumption 
FxWirePro- Major European Indices 
Ichimoku Analysis (4-hour chart)
Tenken-Sen- $1702.70
Kijun-Sen- $1707.4
Gold price broke psychological support at $1700 and settled below that level. Market eyes European Central bank policy for further direction. A hawkish rate hike by ECB will drag the yellow metal further down. US dollar index pared most of its gains made yesterday on profit booking. According to the CME Fed watch tool, the probability of a 100 bpbs rate hike in Jul dropped to 33.2% from 36.2% a day ago.
The US existing home sales declined to two year low at 5.12M compared to a forecast of 5.37M.
Factors to watch for gold price action
Global stock market- Bullish (negative for gold)
US dollar index – Bearish (Positive for gold)
US10-year bond yield- Mixed (neutral for gold)
Technical
The near–term support is around $1690, a breach below targets $1650/$1600. Significant reversal only below $1600. The yellow metal faces minor resistance around $1720, breach above will take it to the next level of $1732/$1745/$1770.
It is good to sell on rallies around $1720-21 with SL around $1750 for TP of $1650/$1600.
