EUR/USD, “Euro vs US Dollar”

The currency pair us forming a consolidation area around 1.1880. Today a decline to 1.1840 looks probable, followed by a link of growth towards 1.1925. After this level is reached, we expect a new wave of decline to 1.1750 to begin.

EURUSD

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

The currency pair is correcting to 1.3878. When the correction is over, a link of growth to 1.4000 might follow. And here, the wave of growth will fade. Then we should expect another wave of decline towards 1.3232 to develop.

GBPUSD

USD/RUB, “US Dollar vs Russian Ruble”

Having bounced off 73.43 downwards, the currency pair keeps developing a wave of decline towards 72.66. When this one is reached, a technical return to 73.43 (a test from below) is possible, followed by a decline to 71.66.

USDRUB

USD/JPY, “US Dollar vs Japanese Yen”

The currency pair is trading in a structure of growth towards 109.96. When this level is reached, wait for another structure of decline to 109.30. And after a breakaway of this one downwards, the decline might continue to 108.05.

USDJPY

USD/CHF, “US Dollar vs Swiss Franc”

The currency pair is forming a consolidation range above 0.9044. With an escape upwards, we should expect a link of growth to 0.9105. With an escape downwards, the wave of decline might extend to 0.9025.

USDCHF

AUD/USD, “Australian Dollar vs US Dollar”

The currency pair keeps developing a wave of decline to 0.7272. After this level is reached, a correction to 0.7383 will become possible, followed by a decline to 0.7200.

AUDUSD

Brent

Today, oil is trading in a structure of growth to 77.27. After this level is reached, a link of correction to 73.00 is possible. Then another wave of growth to 83.50 might begin.

Brent

XAU/USD, “Gold vs US Dollar”

Gold has completed a wave of decline to 1809.00. Today the market is trading in a consolidation range above this level. With an escape upwards, growth to 1833.00 is possible. After an escape downwards, a decline to 1790.40 might follow.

XAUUSD

S&P 500

The stock index is forming a consolidation range under 4430.0. With an escape upwards, a wave of growth towards 4500.5 will become possible. With an escape downwards, a link of correction to 4333.0 looks possible, followed by growth to 4500.0.

SP500

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Editors’ Picks

EUR/USD edges lower toward 1.0700 post-US PCE

EUR/USD edges lower toward 1.0700 post-US PCE

EUR/USD stays under modest bearish pressure but manages to hold above 1.0700 in the American session on Friday. The US Dollar (USD) gathers strength against its rivals after the stronger-than-forecast PCE inflation data, not allowing the pair to gain traction.

EUR/USD News

GBP/USD retreats to 1.2500 on renewed USD strength

GBP/USD retreats to 1.2500 on renewed USD strength

GBP/USD lost its traction and turned negative on the day near 1.2500. Following the stronger-than-expected PCE inflation readings from the US, the USD stays resilient and makes it difficult for the pair to gather recovery momentum.

GBP/USD News

Gold struggles to hold above $2,350 following US inflation

Gold struggles to hold above $2,350 following US inflation

Gold turned south and declined toward $2,340, erasing a large portion of its daily gains, as the USD benefited from PCE inflation data. The benchmark 10-year US yield, however, stays in negative territory and helps XAU/USD limit its losses. 

Gold News

Bitcoin Weekly Forecast: BTC’s next breakout could propel it to $80,000 Premium

Bitcoin Weekly Forecast: BTC’s next breakout could propel it to $80,000

Bitcoin’s recent price consolidation could be nearing its end as technical indicators and on-chain metrics suggest a potential upward breakout. However, this move would not be straightforward and could punish impatient investors. 

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Week ahead – Hawkish risk as Fed and NFP on tap, Eurozone data eyed too

Week ahead – Hawkish risk as Fed and NFP on tap, Eurozone data eyed too

Fed meets on Wednesday as US inflation stays elevated. Will Friday’s jobs report bring relief or more angst for the markets? Eurozone flash GDP and CPI numbers in focus for the Euro.

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