EUR/USD Yesterday, the US retail sales data fueled the dollar’s strength. Retail sales rose a seasonally adjusted 0.7% in March against a forecast of 0.4%, and the February figure was revised upward to 0.9%. The Atlanta Federal Reserve upgraded its estimate for the annualized rate in first quarter GDP growth from 2.4% to 2.8%. There […]
GBP/USD Yesterday, the British pound rebounded from the support level of 1.2427 by 60 pips, but the attempt was thwarted, and the GBP/USD pair closed the day down by 3 pips. This morning, the price is attempting to break below the support level of 1.2427. The signal line of the Marlin oscillator has settled in […]
AUD/USD The Australian dollar has settled below the balance and MACD indicator lines. This morning, it has comfortably moved within the range of 0.6410/80. The signal line of the Marlin oscillator has left the descending channel and is moving downwards. Now we just need to wait for the price to consolidate below 0.6410, so it […]
Analysis of GBP/USD 5M GBP/USD tried to start a bullish correction, but it was a minor movement. It seems strange to talk about the pound failing to show growth. Over the past 6-8 months, the British pound has been rising left and right. However, the 4-month flat has finally ended, and now the pair is […]
Analysis of EUR/USD 5M No notable movements on Monday. There were few news releases, but there was still something. However, the market did not find anything interesting, considering only the retail sales report in the United States to be more or less important. But let’s go in order. The EU industrial production for February was […]
For over six months, the market has been discussing potential interest rate cuts in the UK, US, and the European Union. None of the central banks have implemented any rounds of monetary easing yet, as discussions are still ongoing. Probably, there would be much fewer talks about rates if central bank policy makers didn’t provide […]
Gold is trading around 2,332, bouncing above the 200 EMA located at 2,328, and within a downtrend channel forming on the H1 chart. Gold could find a good technical bounce around 2,330. This move would be seen as an opportunity to buy with the target at the top of the bearish channel around 2,350. A […]
Potential for the further rally on USD/JPY The material has been provided by InstaForex Company – www.instaforex.com Related Posts:Trading Signals for GOLD (XAU/USD) for April 15-17, 2024:… April 15, 2024 Gold is trading around 2,332, bouncing above the 200 EMA…Trading Signals for GBP/USD for April 15-17, 2024: buy above… April 15, 2024 The British pound […]
The British pound is trading around 1.2483 reaching the top of the downtrend channel on the H1 chart forming since April 10. If the British pound breaks and consolidates above the psychological level of 1.25, we could expect it to return towards the 2/8 Murray where the 200 EMA is located, both at 1.2573. This […]
What is permissible for Jupiter may not be permissible for a bull. In the updated forecasts of Wall Street Journal experts, the figure of 2.2% for the U.S. GDP in 2024 is mentioned. European Central Bank specialists surveyed believe that the eurozone economy will expand by 0.5% this year. American domestic demand is much stronger […]
The wave analysis for the GBP/USD pair remains quite complex, but it may become simpler in the coming weeks. A successful attempt to break through the Fibonacci level of 50.0% indicates the market’s readiness to build a downward wave 3 or C. If this wave continues its formation, the wave pattern will become much simpler, […]
China’s Q1 GDP to fall below 5.0% on Tuesday at 02:00 GMT Expansion to remain solid but fall below Beijing’s target, pushing for more stimulus AUDUSD tests lower boundary of the 2024 range China to report weaker GDP after disappointing trade data China remains a major trade partner for advanced economies such as the […]
Goldman Sachs shares pull back from record high levels Jump back above 50-day SMA after solid Q1 earnings call Short-term oscillators turn positive Goldman Sach’s stock has been in a steady advance since October 2023, posting consecutive multi-month highs and peaking at 418.00 just shy of the record peak of 425.00. Although the price had […]
Early in the American session, ETH/USD is trading around 3,239 within the uptrend channel forming on the H1 chart. After having reached the psychological level of $3,000 and after having reached the low of 2,856, the token made a strong technical rebound and is now approaching resistance levels around the 200 EMA located at 3,317. […]
The wave analysis of the 4-hour chart for the EUR/USD pair remains unchanged. We are currently observing the construction of the presumed wave 3 in 3 or c the downward trend section. If this is the case, the decline in quotes will continue for quite some time, as the first wave of this section completed […]
In my morning forecast, I paid attention to the 1.2482 level and planned to decide to enter the market from it. Let’s look at the 5-minute chart and figure out what happened there. The growth and formation of a false breakdown there led to a sell signal, but it never reached a major drop, as […]
In my morning forecast, I paid attention to the level of 1.0642 and planned to make decisions based on it for entering the market. Let’s look at the 5-minute chart and figure out what happened there. There was a decline, but I never saw a retest of 1.0642. The very low market volatility, around 15 […]
The UK economy is recovering from a mild recession in 2023. According to NIESR, UK GDP grew by 0.1% in February, driven by increased production volumes, particularly in the manufacturing and services sectors. NIESR forecasts GDP to grow by 0.4% in the first quarter and by 0.3% in the second quarter of 2024. As for […]
USDJPY surpasses 154.00 Round numbers to be watched Stochastics indicate overstretched market USDJPY is surging to another multi-year high above the 154.00 round number, adding 0.8% so far today. The technical oscillators are holding in overbought regions. The RSI is suggesting that more gains may be on cards; however, the stochastic oscillator is indicating an […]
Netflix is set to announce strong EPS and revenue growth Subscribers and ad revenue may take center stage High valuation and performance increase downside risks The streaming giant publishes results on Thursday, after the closing bell Analysts expect stellar performance On April 18, Netflix is scheduled to announce its earnings results for Q1 2024, with […]
The EUR/USD pair continued its downward trend on Friday, confirming below the corrective level of 0.0%-1.0696. Thus, the decline in quotes may continue today or this week towards the next level of 1.0612. Bears maintain an advantage in the market after the events of the past two weeks. The wave situation remains unchanged. The last […]
On the hourly chart, the GBP/USD pair on Friday confirmed below the important level of 1.2517 and fell to the Fibonacci level of 38.2%-1.2453. Fixing quotes below this level will favor the continuation of the British pound’s decline towards the next level of 1.2370. A rebound of the pair’s course from 1.2453 will allow traders […]
GBP/USD Analysis: On a large scale, a bearish trend has been forming in the price chart of the pound since July last year. In the wave structure, the entire month has seen the development of the final part (C). Quotes have reached the upper boundary of the potential reversal zone of the daily TF. Forecast: […]
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US 500 cash index experiences a minor pullack Meets support at 123.6% Fibo extension of its 2022 downtrend Oscillators exit overbought zones, but do not weaken dramatically The US 500 stock index (cash) has been staging an impressive rally since it bottomed out in October 2023, generating consecutive all-time highs. Although the price has been experiencing a setback in the past two […]
Markets steady after Israel and allies intercept Iranian missiles and drones Hopes of no further escalation in conflict lift equities, oil slips But gold and dollar hold near highs Yen at fresh 34-year lows ahead of US retail sales Markets brush off Middle East escalation Iran’s unprecedented attack on Israel over the weekend was met […]
In a heartwarming collaboration with the Human Initiative organization, XM stepped up to help the flood disaster evacuees residing in Demak, to proudly show what humanity can achieve in its finest moments. Our response to the flash flood in early February was immediate, and with more than two hundred hot meal packages, plenty of gallons […]
Our weekly #TechnicalAnalysis looks at the key events that are expected to shake the #markets the most. This week, the focus is on UK #CPI, Japan #CPI and China’s #GDP and will be looking at how #GBPUSD, #USDJPY and #AUDUSD may react. 0:00 Intro 0:15 GBPUSD 1:42 USDJPY 3:28 AUDUSD For more information on the […]
We introduce you to the daily updated section of Forex analytics where you will find reviews from forex experts, up-to-date monitoring of financial information as well as online forecasts of exchange rates of the US dollar, euro, ruble, bitcoin, and other currencies for today, tomorrow and this trading week. Video Agenda: 00:00 INTRO 00:13 Totay’s […]
Will UK CPI data drive cable even lower? USDJPY still skyrockets ahead of Japanese CPI China GDP may help AUDUSD exit from trading range UK CPI data –> GBPUSD Inflation in the United Kingdom dropped to 3.4% in February, and experts predict that it will fall to 3.1% in March. It is anticipated that the core figure will likewise fall once more. On Friday, eyes will be on the March retail sales figures to see if spending is increasing. Currently, cable is trading higher after the strong sell-off on Friday, penetrating the long-term sideways channel to the downside. Incoming data might potentially lead to a […]
