EUR/USD, “Euro vs US Dollar”

The currency pair has formed a declining impulse to 1.0596. Today the market is forming a consolidation range around this level. The range is expected to expand to 1.0573. Then growth to 1.0596 and a decline to 1.0530 should follow. The goal is local.

EURUSD

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

The currency pair demonstrated a declining impulse to 1.2170. Today the market is forming a consolidation range around this level. A link of correction to 1.2316 is not excluded. After the correction is over, another structure of decline to 1.2020 may from. The goal is local.

GBPUSD

USD/JPY, “US Dollar vs Japanese Yen”

The currency pair demonstrated a structure of decline to 136.06. At the moment, the market is forming a consolidation range around this level. A decline to 134.60 is expected. The goal is local.

USDJPY

USD/CHF, “US Dollar vs Swiss Franc”

The currency pair demonstrated an impulse of growth to 0.9345. Today a link of correction to 0.9304 is not excluded. After the correction is over, a wave of growth to 0.9355 should begin, from where the wave should continue to 0.9390. The goal is first.

USDCHF

AUD/USD, “Australian Dollar vs US Dollar”

The currency pair demonstrated a second impulse of decline to 0.6677. Today the market is forming a consolidation range around this level. The range is expected to expand to 0.6660. Then growth to 0.6700 and a decline to 0.6555 should follow. The goal is local.

AUDUSD

Brent

Crude oil completed a wave of correction to 78.78. Today a structure of growth to 83.38 should develop. With a breakaway of this level, a pathway to 92.55 will open. The goal is local.

Brent

XAU/USD, “Gold vs US Dollar”

Gold completed a wave of correction to 1796.25. The whole structure is interpreted as a consolidation range around 1784.50. Today a new structure of decline to 1775.75 should form. With a breakaway of this level, a pathway down to 1756.56 will open. The goal is local.

XAUUSD

S&P 500

The stock index continues forming a consolidation range around 3876.0. With an escape from the range downwards, a pathway to 3757.5 will open. Then growth to 3876.0 and a decline to 3681.0 should be expected. The goal is first.

S&P 500

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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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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