In recent months, I have repeatedly stated the same thing: the Federal Reserve is not ready to lower rates in any particular month. In other words, there is no plan or schedule for interest rate cuts, nor can there be. I personally don’t understand where the forecasts for rate cuts in March and June came […]
The U.S. currency is finally starting to see some demand. The greenback surged after the inflation report for March showed that the Consumer Price Index rose 3.5% over the last 12 months. The market did not expect such a sharp increase in inflation and responded by buying the dollar. In fact, I already expected the […]
The EUR/USD fell after the U.S. inflation report showed that consumer prices picked up for the third consecutive month. The Consumer Price Index rose 0.4% from the previous month and the all-items index was up 3.5% over the last 12 months, both exceeding Bloomberg forecasts. The same applies to core inflation data. As a result, […]
Bitcoin is trading around $68,926, retracing after the attempt to break the strong resistance at $72,500. We are currently observing the formation of a bullish wedge pattern. Therefore, if there is a sharp break below this pattern, it could confirm a trend change and the price could accelerate its bearish move. A fall in BTC […]
A summer rate cut by the Fed hangs in the balance amid persistent inflation Rate cut bets have been scaled back from more than six to around two But limited fallout on Wall Street; can the risk rally survive no rate cuts? Waiting for the elusive rate cut Ever since the Fed signalled it was […]
Citigroup shares post 25-month high in 2024 But experience a setback ahead of Q4 earnings on Friday Short-term oscillators soften in overbought territories Citigroup’s stock has been staging a V-shaped recovery since its 2023 bottom in October, posting consecutive multi-month highs. In the near term, the stock posted a fresh 25-month peak of 63.62 one week […]
ETH/USD is trading around 3,514 within the symmetrical triangle pattern, forming since March 6. On Sunday, ETH reached a high of 3,727, a level that coincided with the top of the symmetrical triangle. Now Ether is consolidating around the 21 SMA. So, we are likely to see a technical rebound in the coming hours or […]
EUR/USD Higher Timeframes Yesterday, the nearest resistance was tested (1.0884), but by the end of the day, the pair returned again to the support of the daily medium-term trend (1.0854). As a result, there were no significant changes in the main conclusions and expectations. The positions of the upward targets remained unchanged at 1.0884 – […]
Will USDJPY test 153.00 soon? RSI and stochastics enter overbought regions USDJPY is skyrocketing towards a fresh 34-year high of 152.50 after the US CPI data. The market exited from the narrow range that was in during the previous 20 days with the technical oscillators confirming an upside tendency again. The RSI is crossing above […]
AUDCAD rallies after hitting uptrend line RSI and MACD detect positive momentum A break above 0.9055 could shift the outlook to clearly bullish But a dip below 0.8810 could invite more bears AUDCAD has been trading in a rally mode since April 2, when it hit support at the near-term uptrend line drawn from the […]
US banks kick off Q1 earnings on Friday before opening bell Earnings set to drop despite the robust US economy Valuation multiples rise but remain historically cheap Solid quarter due to Fed repricing The banking sector started the year on the wrong foot as expectations of six rate cuts by the Fed had delivered a strong […]
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 […]
EURCHF still stands above rising trend line Technical oscillators indicate negative correction EURCHF has been in an ascending tendency since the end of January, and it posted a fresh almost one-year high of 0.9847 in the preceding week. Currently, the market is on the backfoot with the technical oscillators indicating a bearish retracement. The RSI is moving […]
Hi, dear traders! On the 1-hour chart, the GBP/USD pair rose to the resistance zone of 1.2705–1.2715 and rebounded from it on Tuesday. The instrument made a reversal in favor of the US dollar. This allows us to expect some decline in the direction of the support zone of 1.2584–1.2611. If the price settle above […]
CADJPY remains within a range despite hitting new high Upside risks exist above 111.50; bears could take the lead below 110.40 BoC rate decision at 13:45 GMT is the highlight of the Canadian calendar CADJPY has been trading sideways after touching the 112.00 area, keeping its weak momentum despite reaching a new high of […]
CADJPY remains within a range despite hitting new high Upside risks exist above 111.50; bears could take the lead below 110.40 BoC rate decision at 13:45 GMT is the highlight of the Canadian calendar CADJPY remained stagnant after entering the 112.00 area, keeping its weak momentum despite reaching a new high of 112.46 last […]
USDJPY trades sideways a tad below 152.00 This level was protected by Japanese authorities in 2022 Momentum indicators approach overbought conditions USDJPY has been in a steady uptrend after finding its feet at the 200-day simple moving average (SMA) in early March. In the near-term, the pair has been trading flat after posting a fresh 34-year high of 151.95, […]
US Dollar and stocks are in the green today ahead of the key US CPI report All eyes will be on equites if CPI surprises on the upside RBNZ remains hawkish; BoC could show a dovish tilt Dollar and stocks in the green ahead of US CPI The US dollar is higher today as the […]
EURUSD trades sideways between 1.0725 and 1.0930 Oscillators confirm the lack of directional momentum A move above 1.0930 may be needed to brighten the outlook EURUSD pulled back on Tuesday, after hitting resistance slightly above the 1.0875 barrier, marked by the high of April 4. In the bigger picture, most of the price action has […]
Gold holds within upper Bollinger band range MACD and RSI indicate bearish retracement Gold is attempting to test yesterday’s record high of 2,365 again with the technical oscillators holding near their overbought territories. The MACD oscillator is falling beneath its trigger line well above the zero level, while the RSI is ticking slightly lower, remaining […]
Analyzing Tuesday’s trades: GBP/USD on 1H chart The GBP/USD pair continued its upward movement, which began last week after traders failed to break out of the 1.25-1.28 sideways channel. An ascending trend line was formed, and according to the laws of the flat, the price may now move towards the upper boundary of the sideways […]
Analyzing Tuesday’s trades: EUR/USD on 1H chart EUR/USD tried to continue its upward movement, although it had no substantial reason to do so (neither fundamental nor macroeconomic). Yesterday, there were absolutely no reports, news, or speeches. Volatility was low again, but even in such conditions, the euro continued to edge up. From a technical perspective, […]
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EUR/USD The euro continues to jump this week, as the European Central Bank meeting is set to take place tomorrow. The price has not yet reached the MACD line on the daily chart. Perhaps this was influenced by the Marlin oscillator, which moved down from the zero line. At the moment, the price is slightly […]
GBP/USD Yesterday, the British pound managed to consolidate above the embedded green channel line. But at the same time, the price remains below the balance indicator line, which tells us about the corrective nature of the pound’s highly volatile movements. The signal line of the Marlin oscillator stopped rising at the border of the uptrend […]
AUD/USD On Tuesday, the Australian dollar managed to break away from the daily MACD line and was able to rise above the target level of 0.6627. This morning, the price is staying exactly at this level, while the Marlin oscillator is slightly moving downwards. Good prospects lie ahead: 0.6690, 0.6730, 0.6780, 0.6874. Tomorrow’s European Central […]
On Tuesday, ahead of the release of key inflation data, the Nasdaq and S&P 500 indices showed moderate growth, despite a decline in the financial sector. This happened ahead of the reporting season for leading US banks, which begins on Friday. The Nasdaq Composite, supported by strength in semiconductors, posted a notable gain, while the […]
EUR/USD pair is trading around 1.0852, below the strong resistance of 4/8 Murray located at 1.0864, and below the 21SMA located at 1.0859 showing signs of exhaustion. On the H1 chart, we can see the formation of a symmetrical triangle pattern which makes us think that the euro could be trading within this pattern between […]
Gold is trading around 2,348, bouncing after having reached a daily low of around 2,338. Yesterday during the European session, gold reached a new high at 2,365 and from this level, it made a technical correction. However, the bullish force is still prevailing. So, if the technical rebound continues in the next few hours, the […]
NZDUSD shows recovery signs ahead of RBNZ decision Resistance near 0.6070; support at 0.6000 NZDUSD entered the week on a positive note as investors awaited to hear the RBNZ’s policy update during Wednesday’s Asian trading hours. The pair stretched Monday’s rebound marginally above the 200-day simple moving average (SMA) to examine the 50% Fibonacci […]
