EUR/USD, “Euro vs US Dollar”

EURUSD is forming the fifth ascending wave with the target at 1.2011; right now, it is consolidating around 1.1966. Possibly, the pair may fall to test 1.1944 from above and then grow towards 1.1995. After that, the instrument may correct to return to 1.1933 and then resume trading upwards with the above-mentioned target.

EURUSD

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

GBPUSD is forming the fifth ascending wave with the target at 1.4055. Possibly, after breaking 1.3929 and then reaching 1.3977, the asset is falling to test 1.3935 from above and may later resume growing towards 1.4917. After that, the instrument may correct to return to 1.3935 and then start another growth to reach the above-mentioned target.

GBPUSD

USD/RUB, “US Dollar vs Russian Ruble”

After rebounding from 72.55 and then completing the correction at 73.90, USDRUB is expected to start a new decline to break 73.13. Later, the market may continue falling with the target at 72.32.

USDRUB

USD/JPY, “US Dollar vs Japanese Yen”

USDJPY has completed the correction towards 108.61. Today, the pair may grow to break 109.03 and then continue trading upwards to reach 109.45. After that, the instrument may form a new descending wave with the target at 107.85.

USDJPY

USD/CHF, “US Dollar vs Swiss Franc”

USDCHF has broken 0.9252 to the downside. Possibly, the pair may continue falling to reach 0.9186 and then form one more ascending structure with the target at 0.9276.

USDCHF

AUD/USD, “Australian Dollar vs US Dollar”

AUDUSD continues trading towards 0.7860. Later, the market may correct downwards with the target at 0.7750.

AUDUSD

Brent

Brent is forming a wide consolidation range around 67.77. If later the price breaks this range to the upside, the market may start a new growth to reach 69.00; if to the downside – continue the correction with the target at 65.00.

Brent

XAU/USD, “Gold vs US Dollar”

Gold has completed the ascending wave at 1755.10. Possibly, today the metal may correct towards 1727.47 and then form one more ascending structure to break 1777.70. Later, the market may continue growing with the target at 1900.00.

XAUUSD

S&P 500

The S&P index is growing towards 4000.0 and may later start a new correction to reach 3861.8. After that, the instrument may resume moving upwards with the target at 4126.0.

US500

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EUR/USD clings to daily gains above 1.0650

EUR/USD clings to daily gains above 1.0650

EUR/USD gained traction and turned positive on the day above 1.0650. The improvement seen in risk mood following the earlier flight to safety weighs on the US Dollar ahead of the weekend and helps the pair push higher.

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GBP/USD recovers toward 1.2450 after UK Retail Sales data

GBP/USD recovers toward 1.2450 after UK Retail Sales data

GBP/USD reversed its direction and advanced to the 1.2450 area after touching a fresh multi-month low below 1.2400 in the Asian session. The positive shift seen in risk mood on easing fears over a deepening Iran-Israel conflict supports the pair.

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Gold holds steady at around $2,380 following earlier spike

Gold holds steady at around $2,380 following earlier spike

Gold stabilized near $2,380 after spiking above $2,400 with the immediate reaction to reports of Israel striking Iran. Meanwhile, the pullback seen in the US Treasury bond yields helps XAU/USD hold its ground.

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Bitcoin Weekly Forecast: BTC post-halving rally could be partially priced in Premium

Bitcoin Weekly Forecast: BTC post-halving rally could be partially priced in

Bitcoin price shows no signs of directional bias while it holds above  $60,000. The fourth BTC halving is partially priced in, according to Deutsche Bank’s research. 

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Week ahead – US GDP and BoJ decision on top of next week’s agenda

Week ahead – US GDP and BoJ decision on top of next week’s agenda

US GDP, core PCE and PMIs the next tests for the Dollar. Investors await BoJ for guidance about next rate hike. EU and UK PMIs, as well as Australian CPIs also on tap.

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