According to our daily #Forex prediction strategy, there’s 88.3% probability that #AUDUSD will reach at least 0.7410  today. Currently price is at 0.7423  –  over 10 PIPS at stake.

 AUDUSD

Our yesterdays prediction for  #AUDUSD played out well:

Prediction:

AUDUSD

Result:

AUDUSD

 

As well as #EURJPY:

Prediction:

EURJPY

Result:

EURJPY

 

As well as #GBPUSD:

Prediction:

GBPUSD

Result:

GBPUSD

 

As well as #USDCHF:

Prediction:

USDCHF

Result:


USDCHF

 

As well as #USDJPY:

Prediction:

USDJPY

Result:

USDJPY

 

 

 

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EUR/USD hovers around 1.0700 ahead of German IFO survey

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EUR/USD is consolidating recovery gains at around 1.0700 in the European morning on Wednesday. The pair stays afloat amid strong Eurozone business activity data against cooling US manufacturing and services sectors. Germany's IFO survey is next in focus. 

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GBP/USD steadies near 1.2450, awaits mid-tier US data

GBP/USD steadies near 1.2450, awaits mid-tier US data

GBP/USD is keeping its range at around 1.2450 in European trading on Wednesday. A broadly muted US Dollar combined with a risk-on market mood lend support to the pair, as traders await the mid-tier US Durable Goods data for further trading directives. 

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Gold: Defending $2,318 support is critical for XAU/USD

Gold: Defending $2,318 support is critical for XAU/USD

Gold price is nursing losses while holding above $2,300 early Wednesday, stalling its two-day decline, as traders look forward to the mid-tier US economic data for fresh cues on the US Federal Reserve interest rates outlook.

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Crypto community reacts as BRICS considers launching stablecoin for international trade settlement

Crypto community reacts as BRICS considers launching stablecoin for international trade settlement

BRICS is intensifying efforts to reduce its reliance on the US dollar after plans for its stablecoin effort surfaced online on Tuesday. 

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Three fundamentals for the week: US GDP, BoJ and the Fed's favorite inflation gauge stand out Premium

Three fundamentals for the week: US GDP, BoJ and the Fed's favorite inflation gauge stand out

While it is hard to predict when geopolitical news erupts, the level of tension is lower – allowing for key data to have its say. This week's US figures are set to shape the Federal Reserve's decision next week – and the Bank of Japan may struggle to halt the Yen's deterioration. 

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