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 […]
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 […]
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 […]
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 […]
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 […]
EUR/USD Higher Timeframes That’s how you can liquidate the achievements of several days in one go. Over the past day, bears closed below the final level of the weekly Ichimoku cross (1.0751). The liquidation of the weekly cross will allow considering new prospects. In the current situation, the nearest lows (1.0725 – 1.0696) could become […]
Analysis of macroeconomic reports: There are fewer macroeconomic events on Thursday, and none of them are crucial. Nevertheless, the US will release reports on unemployment claims and producer prices. We believe that after yesterday’s inflation report, the Producer Price Index is no longer crucial. Therefore, both reports, to be published during the European Central Bank […]
Analyzing Wednesday’s trades: GBP/USD on 1H chart The GBP/USD pair also experienced a sharp decline on Wednesday, which was triggered solely by the US inflation report. The Consumer Price Index rose to 3.5% against forecasts of 3.4%. However, another aspect is crucial. Inflation has been rising steadily for several months, while members of the Federal […]
Analyzing Wednesday’s trades: EUR/USD on 1H chart EUR/USD experienced a significant downturn on Wednesday. In our opinion, what should have happened last week finally occurred. Recall that important US reports on Nonfarm Payrolls, unemployment, business activity, and the labor market turned out stronger than forecasted, yet the euro rose instead of the dollar. Yesterday, however, […]
EUR/USD is trading around 1.0743, below the 21 SMA and 200 EMA. We can see on the H4 chart that the euro made a strong bearish move after falling below 1.0864 and below the technical pattern. Yesterday after the inflation data from the United States, the euro fell to the low of 1.0724, which represents […]
On Wednesday, American stock markets experienced a decline, reaching minimum closing levels against the backdrop of published inflation data, which exceeded experts’ expectations. The figures dampened investor optimism that the US Federal Reserve could begin cutting interest rates by the summer. The publication of the US Department of Labor’s report on the consumer price index […]
EUR/USD The market’s nervousness ahead of the European Central Bank meeting, which is expected to show a dovish stance, finally manifested – the euro slumped by 113 pips after yesterday’s US inflation data. The Core CPI inflation held steady at 3.8% y/y, against expectations of falling to 3.7% y/y, while total CPI consumer inflation accelerated […]
GBP/USD Yesterday, the dollar strengthened by 1.02%, and the pound led losses in the currency market by falling 1.10% (137 pips). This confirms the British currency’s weakness over the past week. After a break below the support level of 1.2596, the price is moving towards the target support at 1.2460. Falling below this level will […]
USD/JPY The USD/JPY pair finally received an external impetus and broke out of a two-week consolidation by trading higher. Yesterday, the price breached a strong resistance at 151.95-152.00, formed by a target level and a price channel line. Now, the pair can reach the target of 154.25/40, formed by the target level and the subsequent […]
Analysis of GBP/USD 5M GBP/USD also showed a significant downward movement on Wednesday. It was so strong that the price simultaneously broke through the trend line, the Ichimoku indicator lines, and the levels of 1.2605 and 1.2620. We haven’t seen such movements in a long time, but it had almost no impact on the overall […]
