Bitcoin trades sideways after posting 3-week high on Monday Cryptos seem resilient to expectations of fewer rate cuts Spot Bitcoin ETFs could soon get approval in Hong Kong Halving to occur next week, will it be a sell-the-fact event? Bitcoin stable around all-time highs Bitcoin has been in a steady upside trajectory since the […]
CPI numbers due in the UK, Japan, Canada and New Zealand China to also come into the spotlight as Q1 GDP eyed US retail sales to kickstart the week as earnings season gets underway CPI figures to headline UK data flurry After yet another hot CPI report in the United States, inflation data will remain […]
What will happen with Bitcoin? The answer to this question depends on whether you have this cryptocurrency in your wallet or not. According to a survey of 3,600 consumers conducted by Deutsche Bank, by the end of this year, BTC/USD quotes will fall below 20,000, which is approximately 50,000 lower than the market price. 38% […]
As US CPI comes hotter than expected EURUSD tumbles After ECB interest rate decision EURUSD continues the fall Where is the next stop for the pair? How did EURUSD reacted after the US CPI release on Wednesday and the ECB interest rate decision on Thursday? EURUSD fell more than 100 pips after the US CPI […]
US retail sales will hit the markets at 12:30 GMT Monday Early Easter holiday likely boosted consumer spending Another solid dataset could put more wind in the dollar’s sails US economy outperforms By most indications, the US economy finished the first quarter on a high note. Incoming data point to a robust labor market, […]
GBPUSD prints new low for this year Bearish continuation is likely below 1.2480-1.2500 GBPUSD suffered a freefall in the face of hotter-than-expected US CPI inflation data on Tuesday and dropped to a new low of 1.2504 on Friday, retracing back to December’s lows and to the bottom of a broader range area. Despite the […]
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 […]
