Dollar takes a breather, but Fed bets remain unchanged Euro suffers as ECB points to June rate cut Yen intervention warnings intensify S&P 500 and Nasdaq rebound, gold hits fresh record high Fed officials say rate cut not imminent The US dollar pulled back against most of its major peers yesterday, taking a breather following […]
The main outcome of the European Central Bank’s meeting clarified the timing of the monetary easing cycle. The first interest rate cut is planned for June. Overall, this aligns with market expectations, so the euro did not sharply drop. Especially considering that the single currency is already significantly oversold locally. Nevertheless, the dollar will gradually […]
Analysis of transactions and tips for trading USD/JPY Further decline became limited as the test of 152.86 coincided with the sharp drop of the MACD line from zero. Shortly after, another test occurred, and this time the MACD line went within the oversold area, provoking a buy signal. This led to a price increase of […]
Analysis of transactions and tips for trading GBP/USD The test of 1.2552 took place at a time when the MACD line moved upward from zero. This provoked a buy signal, which led to a price increase of 15 pips. The market ignored the data on lending conditions in the UK, as well as the speech […]
Analysis of transactions and tips for trading EUR/USD The test of 1.0726 occurred during the drop of the MACD line from zero. This provoked a sell signal, which led to a price decrease of over 25 pips. The ECB left interest rates unchanged, but hinted that there may be cuts starting June if inflation continues […]
USDCAD trades higher again, tests strong resistance level It is the bulls’ first attempt to break above the current trend channel Momentum indicators are mixed with a possible bearish divergence developing USDCAD is trading higher again today, recording its fourth consecutive green candle and reaching a new 5-month high. USDCAD is trying to break decisively […]
EUR/USD Our expectations of a “soft surprise” from the European Central Bank did not materialize. Not only did the ECB keep its interest rate unchanged, but the Bank also maintained a neutral tone in its accompanying statement, including comments from ECB President Christine Lagarde, despite a steady decline in inflation. As a result, the price […]
GBP/USD After moving in a wide-range following the European Central Bank meeting (the pound closed the day up by 12 pips), today it faces another challenge due to the release of several data on GDP, industrial production, and construction. Forecasts for key data suggest weakness: construction output for February at -0.4%, GDP at -0.4% y/y, […]
AUD/USD The Australian dollar rose by 24 pips after the European Central Bank’s unconvincing meeting, with its peak reaching the balance indicator line on the daily chart. The price currently remains below the balance line, maintaining market interest in the downward movement. The support at 0.6480, as the lower boundary of a three-month range, remains […]
Analysis of GBP/USD 5M GBP/USD made another attempt to settle below the level of 1.2516, which can be considered the lower boundary of the sideways channel on the 24-hour timeframe. We witnessed an attempt to break through this level, but it was more for appearances’ sake. The day before, it seemed that bears needed to […]
Analysis of EUR/USD 5M EUR/USD returned to its familiar pattern of recent months. Despite dropping nearly 150 pips two days ago and the European Central Bank meeting yesterday, volatility was less than 60 pips on Thursday. On one hand, the ECB did not make any significant decisions, and ECB President Christine Lagarde was quite vague […]
After the latest inflation report showed that US consumer prices accelerated to 3.5%, many major companies and banks issued their updated forecasts for the Federal Reserve’s rate in 2024. But let’s start dissecting this issue not with them, but with the CME FedWatch tool, which is considered the benchmark for determining market sentiment. Just a […]
The third European Central Bank meeting of 202 has ended. The market expected that interest rates would remain unchanged, and it proved to be right. However, some analysts and economists also anticipated that ECB President Christine Lagarde would announce that it is ready to shift towards a more accommodative monetary policy at the next meeting. […]
The European Central Bank (ECB) decided not to kick the fallen euro and kept the deposit rate at 4% at the fifth consecutive Governing Council meeting. This did not come as a surprise to the financial markets as the day before, only 1 out of 62 Bloomberg experts forecasted the beginning of a monetary policy […]
ETHUSD slides after recording 1-month peak But the 50-day SMA curbs its retreat Momentum indicators ease in positive zones ETHUSD (Ethereum) experienced a strong pullback from its 2024 peak of 4,090, dropping to as low as 3,060. This week, the price recorded a fresh one-month high of 3,410 before reversing lower to find solid support at the […]
Gold is trading around 2,340.64 within a symmetrical triangle pattern formed on the H4 chart. XAU/USD is trading below the 21 SMA and is bouncing after reaching the bottom of this triangle. The metal is likely to continue moving within this pattern in the next few hours until a sharp break occurs to confirm the […]
The inflation data published yesterday in the USA caused quite a stir. Inflation unexpectedly rose in March, confirming its resilience and reluctance to decrease towards the Fed’s target level of 2%. The dollar sharply strengthened on Wednesday and today maintains a bullish momentum, while the DXY index is trying to consolidate and develop an upward […]
Analysis of transactions and trading tips on USD/JPY Further growth became limited as the test of 153.23 coincided with the sharp rise of the MACD line from zero. Shortly after, another test occurred, during which the MACD line went within the overbought area, provoking a signal to sell. This led to a correction of 17 […]
Analysis of transactions and trading tips on GBP/USD The test of 1.2552 took place at a time when the MACD line rose from zero. This provoked a buy signal, but after a 15-pip increase, pressure on the pair quickly returned. Ahead lies data on the US producer price index and jobless claims. The growth of […]
Analysis of transactions and trading tips on EUR/USD Further decline became limited because the test of 1.0727 occurred during the sharp drop of the MACD line from zero. Apart from ECB President Christine Lagarde’s press conference, where a soft tone could lead to the further drop of euro, there will be reports on US inflation […]
USDCAD meets the upper boundary of ascending channel MACD extends its upside momentum above trigger line USDCAD skyrocketed to a fresh almost 5-month high of 1.3700 on Wednesday after the US CPI release. The market is challenging the upper boundary of the ascending channel and any movements even higher could endorse the bullish outlook in […]
EURGBP faces difficulty in completing a double bottom pattern above 0.8579 Technical indicators reflect a lack of bullish momentum ECB rate decision could generate fresh volatility at 12:15 GMT ECB governor Lagarde holds press conference at 14:15 GMT EURGBP drifted lower after it got another rejection from November’s resistance trendline and the 38.2% […]
US 30 index in bearish mode in very short-term MACD and stochastics indicate negative correction The US 30 cash index has lost its positive momentum after the pullback from the all-time high of 39,985.85, easing beneath the 50-day simple moving average (SMA). In the short-term, the market could retain the range-bound trading as the MACD is falling […]
Potential for the further rally on USD/JPY The material has been provided by InstaForex Company – www.instaforex.com Related Posts:EUR/USD. April 11th. Fed minutes: inflation concerns persist April 11, 2024 On Wednesday, the EUR/USD pair rebounded from the corrective level…GBP/USD. April 11th. The US inflation report shocked the… April 11, 2024 On the hourly chart, on […]
On Wednesday, the EUR/USD pair rebounded from the corrective level of 38.2% (1.0866), reversed in favor of the US dollar, and fell by 130 points. Consolidation below the support zone of 1.0785–1.0801 has been achieved, allowing traders to anticipate further decline towards the next corrective level of 0.0% (1.0696). A pause is possible around the […]
On the hourly chart, on Wednesday, the GBP/USD pair made a second consecutive rebound from 1.2705, a turnaround in favor of the American currency, and a drop to 1.2517. Thus, the rise of the American currency amounted to almost 200 points in just a few hours. The rebound of quotes from the level of 1.2517 […]
USDCHF rebounds off 0.9000 and remains bullish MACD crosses above its trigger line Stochastic moves towards overbought area USDCHF surged to a new six-month high of 0.9146 during yesterday’s session, extending its bullish structure. The pair is holding well above its short-term simple moving averages (SMAs) and the medium-term ascending trend line. According to technical […]
The GBP/USD currency pair also showed a significant decline on Wednesday. Let’s remind you that volatility for the GBP/USD pair has remained low for several consecutive months, so yesterday’s movement of 200 points looks overwhelming. However, at the moment, nothing has fundamentally changed in the technical picture of the pair. So, the pound fell, and […]
The EUR/USD currency pair traded in familiar channels with minimal volatility during the European trading session on Wednesday. However, during the American session, it plummeted downward. We doubted the market would logically react to the U.S. inflation report, but justice prevailed. American inflation not only increased in March but also exceeded even the most pessimistic […]
Analysis of transactions and tips for trading USD/JPY The test of 151.90, coinciding with the rise of the MACD line from zero, provoked a buy signal that led to a price increase of over 150 pips. Demand for yen did not rise despite the economic data from Japan and statements from Bank of Japan Governor […]
