EUR/USD, “Euro vs US Dollar”

The currency pair formed a consolidation range around 1.0330 and with an escape upwards extended the structure of growth to 1.0445. Thus the market suggests considering continuation of the wave to 1.0590. Today a link of decline to 1.0330 (a test from above) is expected, followed by growth to 1.0500 and possibly to 1.0590.

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

The currency pair broke through 1.1937 upwards and today has reachee a local goal of the growth structure at 1.2100. A consolidation range is expected to form under this level. With an escape downwards, the pair may correct to 1.1937, testing it from above, and then grow to 1.2112.

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USD/JPY, “US Dollar vs Japanese Yen”

The currency pair has formed a consolidation range around 139.95 and with an escape downwards continues forming a structure of decline to 138.30. After this level is reached, a link of growth to 139.95 (a test from below) and a decline to 137.66 might follow.

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USD/CHF, “US Dollar vs Swiss Franc”

The currency pair formed a consolidation range around 0.9489 and with an escape downwards reached a local goal at 0.9388. Today it may correct to 0.9488 (a test from below) and fall to 0.9380.

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AUD/USD, “Australian Dollar vs US Dollar”

The currency pair formed a consolidation range around 0.6700 and with an escape upwards reached a local goal at 0.6764. Today it may correct to 0.6700 (a test from above) and then grow to 0.6818.

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Brent

Crude oil continues declining to 81.15. After this level is reached, a link of growth to 89.50 should follow., from where the asset may drop to 77.10.

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XAU/USD, “Gold vs US Dollar”

Gold has formed a consolidation range around 1747.66. With an escape upwards, a goal of 1756.70 has been reached. Today a link of decline to 1747.66 (a test from above) is not excluded, followed by growth to 1775.00.

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S&P 500

The stock index has broken through 3997.7 upwards and suggests extending the structure of growth to 4080.4. After this level is reached, a wave of decline to 3934.0 should start and may even be extended to 3777.7.

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Before you enter foreign exchange and stock markets, you have to remember that trading currencies and other investment products is trading in nature and always involves a considerable risk. As a result of various financial fluctuations, you may not only significantly increase your capital, but also lose it completely. Therefore, our clients have to assure RoboForex that they understand all the possible consequences of such risks, they know all the specifics, rules and regulations governing the use of investment products, including corporate events, resulting in the change of underlying assets. Client understands that there are special risks and features that affect prices, exchange rates and investment products.

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Editors’ Picks

AUD/USD hovers around 0.6500 amid light trading, ahead of US GDP

AUD/USD hovers around 0.6500 amid light trading, ahead of US GDP

AUD/USD is trading close to 0.6500 in Asian trading on Thursday, lacking a clear directional impetus amid an Anzac Day holiday in Australia. Meanwhile, traders stay cautious due ti risk-aversion and ahead of the key US Q1 GDP release. 

AUD/USD News

USD/JPY finds its highest bids since 1990, near 155.50

USD/JPY finds its highest bids since 1990, near 155.50

USD/JPY keeps breaking into its highest chart territory since June of 1990 early Thursday, testing 155.50 for the first time in 34 years as the Japanese Yen remains vulnerable, despite looming Japanese intervention risks. Focus shifts to Thursday's US GDP report and the BoJ decision on Friday. 

USD/JPY News

Gold stays firm amid higher US yields as traders await US GDP data

Gold stays firm amid higher US yields as traders await US GDP data

Gold recovers from recent losses, buoyed by market interest despite a stronger US Dollar and higher US Treasury yields. De-escalation of Middle East tensions contributed to increased market stability, denting the appetite for Gold buying.

Gold News

Injective price weakness persists despite over 5.9 million INJ tokens burned

Injective price weakness persists despite over 5.9 million INJ tokens burned

Injective price is trading with a bearish bias, stuck in the lower section of the market range. The bearish outlook abounds despite the network's deflationary efforts to pump the price. Coupled with broader market gloom, INJ token’s doomed days may not be over yet.

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Dow Jones Industrial Average hesitates on Wednesday as markets wait for key US data

Dow Jones Industrial Average hesitates on Wednesday as markets wait for key US data

The DJIA stumbled on Wednesday, falling from recent highs near 38,550.00 as investors ease off of Tuesday’s risk appetite. The index recovered as US data continues to vex financial markets that remain overwhelmingly focused on rate cuts from the US Fed.

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