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XAU/USD

EUR/USD

GBP/USD

Silver

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Forex technical analysis and forecast: Majors, equities and commodities

RoboForex Team RoboForex

EUR/USD, “Euro vs US Dollar”

After breaking 1.1585 to the downside and completing the descending wave at 1.1530, EURUSD has finished the ascending impulse towards 1.1555 along with the correction to reach 1.1540; right now, it is growing to break 1.1555. Later, the market may start another growth to reach 1.1583 and then form a new descending structure to return to 1.1555.

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

GBPUSD has broken 1.3611 to the downside. Possibly, today the pair may continue trading downwards to reach 1.3535 and then form one more ascending structure with the target at 1.3660.

USD/RUB, “US Dollar vs Russian Ruble”

USDRUB is still consolidating around 72.48. Today, the pair may break this range to the downside and reach 72.00. After that, the instrument may grow to test 72.50 from below and then resume trading downwards with the target at 71.70.

USD/JPY, “US Dollar vs Japanese Yen”

USDJPY has completed the ascending structure at 111.78; right now, it is falling to reach 111.18 and may later form a new consolidation range there. After that, the instrument may break the range to the downside and resume falling with the target at 110.80.

USD/CHF, “US Dollar vs Swiss Franc”

After finishing the correctional structure at 0.9266, USDCHF is expected to start another growth to beak 0.9310 and then continue trading upwards with the target at 0.9355.

AUD/USD, “Australian Dollar vs US Dollar”

AUDUSD has completed the correctional wave at 0.7235; right now, it is growing to reach 0.7300. Later, the market may start another decline towards 0.7275 and then resume moving upwards with the target at 0.7323.

Brent

Brent is correcting towards 80.70. After that, the instrument may resume trading upwards to break 84.00 and then continue growing with the target at 90.00.

XAU/USD, “Gold vs US Dollar”

Gold has finished the correctional structure at 1746.00. Today, the metal may form one more ascending structure to break 1769.00 and then continue trading upwards with the target at 1790.18.

S&P 500

The S&P index is consolidating around 4330.0. Possibly, today the asset may expand the range up to 4400.5 and then fall to break 4300.94. Later, the market may continue trading downwards with the target at 4234.4.

Author

RoboForex Team

RoboForex

RoboForex Team is a group of professional financial experts with high experience on financial market, whose main purpose is to provide traders with quality and up-to-date market information.

AUD/USD defies Iran war jitters as RBA hike bets double

The Australian Dollar rallies for the fourth straight day against the US Dollar as market mood remains positive amid high tensions in the Middle East, pointing to a resumption of hostilities, as reported by recent news. Despite this, the AUD/USD trades at 0.7027, up 0.44%.

USD/JPY remains confined in a familiar range below 158.50

USD/JPY sees some dip-buying in the Asian session on Wednesday, though it remains confined within a multi-week range near 158.50 as the uncertainty over the timing of the next BoJ rate hike keeps Japanese Yen bulls on the defensive. Meanwhile, hawkish Fed expectations, bolstered by inflation risks stemming from volatile oil prices, underpin the US Dollar. However, looming intervention fears could limit JPY losses and cap the currency pair.

Gold advances modestly; targets $4,150

Gold prices manage to reverse three consecutive daily declines, trading just below the $4,150 mark per troy ounce on Wednesday. The precious metal’s recovery comes amid a slight drop in the US Dollar, mixed US Treasury yields across the board and a widespread cautious tone from the US-Iran front.

XRP and XLM regain momentum as derivatives activity picks up

Ripple and Stellar are regaining momentum on Wednesday, mirroring gains across major digital assets. XRP has climbed above $1.36, while XLM has reached $0.1854, reinforcing support levels recently tested. This gradual price increase comes amid sticky inflation in the United States and ahead of the Federal Reserve’s monetary decision next week.

What the midterm elections mean for Treasury yields, the Dollar and Gold

Democrats are priced to take the House, so November 3 comes down to the Senate and how much Washington can borrow without the other party. Treasury yields will show the answer first, then the Dollar and Gold. On November 3, Americans vote for all 435 House seats and 35 Senate seats. For bond prices, the result comes down to one thing: how much the government will borrow over the next two years.

The US Dollar fell. Gold didn't rally. That tells you everything

Gold (XAU/USD) is struggling to capitalize on a weaker US Dollar (USD), after repeatedly failing to establish itself above the $4,200 level. The precious metal remains confined to a relatively narrow trading range despite a combination of developments that would normally support higher prices.