EUR/USD, “Euro vs US Dollar”

EUR/USD is trading downwards to reach 1.0922. Later, the market may correct towards 1.0969 and then resume trading inside the downtrend with the target at 1.0840.

EURUSD

 

GBP/USD, “Great Britain Pound vs US Dollar”

GBP/USD continues falling towards 1.2170. After that, the instrument may correct to reach 1.2222 and then continue trading downwards with the first target at 1.2100.

GBPUSD

 

USD/RUB, “US Dollar vs Russian Ruble”

USD/RUB has extended the descending wave down to 70.70; right now, it is consolidating below this level. Today, the pair may correct towards 72.60 to test it from below and then resume trading inside the downtrend with the target at 69.44.

USDRUB

 

USD/JPY, “US Dollar vs Japanese Yen”

USD/JPY is moving downwards to break 107.30. After that, the instrument may continue falling with the short-term target at 106.66.

USDJPY

 

USD/CHF, “US Dollar vs Swiss Franc”

After breaking 0.9700 to the upside, USDCHF is expected to continue growing towards 0.9737. Later, the market may start a new correction to reach 0.9696 and then form one more ascending structure with the first target at 0.9750.

USDCHF

 

AUD/USD, “Australian Dollar vs US Dollar”

After reaching the downside target at 0.6533, AUDUSD is expected to consolidate above this level. If later the price breaks this range to the upside, the market may start a new correction to reach 0.6575; if to the downside – form a new descending structure with the target at 0.6478.

AUDUSD

 

BRENT

Brent is correcting towards 33.33. After that, the instrument may resume trading upwards with the short-term target at 39.00 and then start another correction towards 32.50.

Brent

 

XAU/USD, “Gold vs US Dollar”

After finishing the descending wave at 1721.80, Gold is expected to form one more ascending wave to reach 1737.20 (at least). After that, the instrument may start a new decline towards 1710.10 and complete a Flag correctional pattern.

XAUUSD

 

BTC/USD, “Bitcoin vs US Dollar”

After completing the correction at 8888.80, BTCUSD is expected to consolidate near the lows. If later the price breaks this range to the upside, the market may start a new growth to break 9500.00 and then continue trading upwards with the target at 10150.00; if to the downside – form a new descending structure to reach 8300.00.

Bitcoin

 

SP 500

The Index is consolidating not far from the downside border. Possibly, the pair may break 2920.0 downwards and start a new correction to reach 2888.5. Later, the market may form one more ascending structure with the target at 3012.5.

SP500

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EUR/USD nears 1.0800 on broad US Dollar weakness

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Optimism continues to undermine demand for the American currency ahead of the weekly close. EUR/USD hovers around weekly highs just ahead of the 1.0900 figure.

EUR/USD News

GBP/USD reconquers 1.2500 with upbeat UK GDP

GBP/USD reconquers 1.2500 with upbeat UK GDP

Following BOE-inspired slump on Thursday, the British Pound changed course and trades around 1.2530. Better-than-anticipated UK GDP and a weaker USD behind the advance.

GBP/USD News

Gold resumes advance and trades above $2,370

Gold resumes advance and trades above $2,370

XAU/USD accelerated its recovery on Friday, as investors drop the USD. Dismal US employment-related figures revived hopes for a soon-to-come rate cut from the Fed.

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XRP tests support at $0.50 as Ripple joins alliance to work on blockchain recovery

XRP tests support at $0.50 as Ripple joins alliance to work on blockchain recovery

XRP trades around $0.5174 early on Friday, wiping out gains from earlier in the week, as Ripple announced it has joined an alliance to support digital asset recovery alongside Hedera and the Algorand Foundation. 

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Euro area annual inflation is expected to be 2.4% in April 2024

Euro area annual inflation is expected to be 2.4% in April 2024

Euro area annual inflation is expected to be 2.4% in April 2024, stable compared to March. Looking at the main components of euro area inflation, services is expected to have the highest annual rate in April.

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