EUR/USD, “Euro vs US Dollar”

After completing the descending structure at 1.1524 along with the correction to test 1.1550 from below, EURUSD is expected to forming a new consolidation range around the latter level. Later, the market may break this range to the downside and resume falling towards 1/.1515 or even reach the target at 1.1500.

EURUSD

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

After finishing another descending structure at 1.3568, GBPUSD has returned to test 1.3614 from below. Possibly, today the pair may continue trading downwards with the target at 1.3542.

GBPUSD

USD/RUB, “US Dollar vs Russian Ruble”

USDRUB has completed the correction to test 72.00 from below. Today, the pair may fall to reach 71.45 and then start a new correction with the target at 72.40.

USDRUB

USD/JPY, “US Dollar vs Japanese Yen”

USDJPY is still forming a new consolidation rage around 113.33; it has already expanded it up to 113.77. Possibly, today the pair may fall to reach 112.99 and then grow to return to 113.33. If later the price breaks this range to the upside, the market may start another growth to reach 114.00; if to the downside – form a new descending structure with the target at 112.12.

USDJPY

USD/CHF, “US Dollar vs Swiss Franc”

After finishing the ascending structure at 0.9312, USDCHF is correcting towards 0.9285. After that, the instrument may form one more ascending structure to break 0.9315 and then continue trading upwards with the short-term target at 0.9370.

USDCHF

AUD/USD, “Australian Dollar vs US Dollar”

AUDUSD has completed the ascending impulse at 0.7384 along with the correction towards 0.7330; right now, it is consolidating above the latter level. Today, the pair may break the range to the upside and resume growing to reach 0.7360. Later, the market may start a new decline to break 0.7300 and then continue moving downwards with the first target at 0.7278.

AUDUSD

Brent

Brent is still consolidating around 83.50. Today, the asset may fall towards 82.22 and then form one more ascending structure to reach 85.00. Later, the market may form a new consolidation range there.

Brent

XAU/USD, “Gold vs US Dollar”

After completing the ascending structure at 1768.70, Gold has finished the descending wave towards 1758.05; right now, it is consolidating above the latter level. If later the price breaks this range to the upside, the market may start another growth to reach 1787.10; if to the downside – form a new descending structure with the target at 1735.20.

XAUUSD

S&P 500

The S&P index is still consolidating around 4354.5. If later the price breaks this range to the downside, the market may form a new descending structure to break 4300.0 and then continue trading downwards with the target at 4154.5.

SP

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Editors’ Picks

EUR/USD gains traction and climbs above 1.1600 after US data

After dropping below 1.1600 earlier in the day, EUR/USD managed to stage a recovery in the early American session toward 1.1620 with the latest data releases from the US making it difficult for the greenback to find demand. US trade deficit expanded in September and durable goods orders contracted. 

EUR/USD News

GBP/USD stays in the negative territory around mid-1.3700s

GBP/USD recovered modestly from the weekly low it set at 1.3710 earlier in the day but continues to trade in the negative territory around 1.3750. The dollar is staying on the back foot after the latest data releases but the cautious mood is limiting the pair's upside.

GBP/USD News

XAU/USD inches closer to $1,800 amid sliding bond yields/weaker USD

Gold attracted some dip-buying for the second successive day on Wednesday. Retreating US bond yields, weaker USD acted as a tailwind for the commodity. Hawkish central bank expectations might continue to cap gains for the metal.

Gold News

Shiba Inu price to provide buy opportunity before SHIB doubles again

Shiba Inu price is due for a retracement after rallying 113% in less than three days. The MRI displays a major sell signal, hinting at a correction that could extend 17%.

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Wake Up Wall Street: Microsoft, McDonald's lead futures higher

McDonald's (MCD) quarterly earnings came in before the market opens on Wednesday and delighted on both top and bottom lines. Microsoft reported easy beats on revenue and EPS as well.

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