EUR/USD, “Euro vs US Dollar”

After completing the descending wave at 1.1850, EURUSD is consolidating above this level. Possibly, the pair may start a new growth to test 1.1940 from below and then resume trading downwards with the short-term target at 1.1750.

EURUSD

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

GBPUSD continues falling to reach 1.3757. Later, the market may start a new correction towards 1.3940 and then resume falling with the target at 1.3700.

GBPUSD

USD/RUB, “US Dollar vs Russian Ruble”

USDRUB is still correcting with the short-term target at 73.10 and may later form a new descending structure towards 72.30. After that, the instrument may start another growth to reach 73.20 and then resume falling with the target at 71.00.

USDRUB

USD/JPY, “US Dollar vs Japanese Yen”

After finishing the descending wave at 109.80, USDJPY is expected to grow to break 110.40. Later, the market may continue trading upwards with the target at 111.22.

USDJPY

USD/CHF, “US Dollar vs Swiss Franc”

After breaking 0.9127, USDCHF is still moving upwards to reach 0.9292. After that, the instrument may start a new correction to return to 0.9127 and then form one more ascending structure with the target at 0.9400.

USDCHF

AUD/USD, “Australian Dollar vs US Dollar”

AUDUSD has reached its short-term downside target at 0.7484. Possibly, today the pair may consolidate around this level. If later the price breaks this range to the upside, the market may resume trading upwards to reach 0.7600 and then form a new descending structure with the target at 0.7444.

AUDUSD

Brent

Brent is still consolidating around 73.50. Today, the asset may form one more ascending structure with the short-term target at 75.55. After that, the instrument may start a new correction to reach 70.00.

Brent

XAU/USD, “Gold vs US Dollar”

Gold has completed the descending wave at 1761.88; right now, it is consolidating above this level. Possibly, the metal may break the range to the upside and correct towards 1833.00. Later, the market may resume trading downwards with the target at 1750.70.

XAUUSD

S&P 500

After finishing the descending wave at 4166.1, the S&P index still consolidating around this level. If later the price breaks this range to the downside, the market may resume falling towards 4035.0; if to the upside – form one more ascending structure to break 4222.2 and then continue growing with the target at 4303.3.

SP 500

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Editors’ Picks

EUR/USD loses traction, declines to 1.1620 area on renewed USD strength

EUR/USD reversed its direction after climbing above 1.1660 and started to push lower toward 1.1600. Renewed USD strength alongside dismal German data and growth outlook seems to be weighing on the pair on Monday.

EUR/USD News

GBP/USD drops towards 1.3750 as dollar rebounds

GBP/USD is falling towards 1.3750, undermined by the US dollar bounce,  as the Treasury yields recover ground. UK's Frost hints at compromise on Northern Ireland’s post-Brexit trade rules. BOE-speak, China news in focus. 

GBP/USD News

XAU/USD looks north, with eyes on $1814 and $1820

Gold price eyes a sustained move above $1800 amid USD weakness. Market sentiment remains mixed ahead of a critical week.

Gold News

Crypto markets coil up for an explosive move

Bitcoin price correction seems to be holding above $60,000, but fear of an extended pullback persists. Ethereum price coils up between $3,900 and $4,200, preventing a retracement. Ripple price consolidates in a bullish pennant, suggesting a 26% ascent is likely.

Read more

Wall Street Week Ahead: Huge week of earnings ahead AAPL, MSFT, GOOGL, AMZN, FB

Equity markets remain elevated with more all-time highs on Thursday for the broader S&P 500 while the Dow registered new highs on Wednesday and Thursday. So far late into Friday's session, the markets are seeing some profit-taking to end a solid week.

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