Technical analysis suggests that the CADCHF currency pair is likely to head lower in the short term, with the double-top pattern on the 30-minute chart and the approaching key resistance level on the daily chart confirming the bearish outlook. Traders should be watching the 0.65 as potential targets for the bears, but should also be aware of potential support levels that could halt the downward momentum.

Beware of a gold retracement due to the weakening of the ascend.

GBPJPY pair is currently facing strong resistance at the 164.20 level, and traders should be cautious when entering any positions. If the price breaks above this level, we could see a sharp rise in the pair, while a failure to do so could result in a drop towards the lower end of the range. As always, it is important to have a solid trading plan and to manage risk effectively to ensure long-term profitability.

Bitcoin has continued to surge, gaining over 30% in the last four days, despite the chaos in global markets following the collapse of Silicon Valley Bank. The cryptocurrency's resilience is partly attributed to expectations that US interest rates will not rise as fast as previously expected.

The European Central Bank (ECB) will decide on monetary policy on Thursday. Until a few days ago, the market was confident that the ECB would raise interest rates by 50 basis points. After all, this is exactly what ECB President Lagarde and several other members strongly hinted at. But the situation has changed dramatically in recent days. The sharp fall in European banking stocks led by Credit Suisse seems to have triggered risk aversion, which has allowed the USD to gather strength and put the EUR under heavy bearish pressure.

Gold prices gathered bullish momentum and returned above US$1,900 during the European session on Wednesday. Although the USD also rallied to the same height, gold prices were boosted by a sharp drop in the yield on the benchmark 10-year U.S. Treasury Securities.