EUR/USD, “Euro vs US Dollar”
The currency pair continues developing a consolidation range above 1.0595. Today the range may extend to 1.0662. This will be a correction for the whole wave of decline. After this correction is over, a decline to 1.0595 should be expected. And after a breakaway of this level, a pathway down to 1.0530 should open. Then a correction to 1.0595 (a test from below) and a decline to 1.0460 should follow. The goal is first.
GBP/USD, “Great Britain Pound vs US Dollar”
The currency pair completed a wave of decline to 1.2054. Today the market is performing a link of correction to 1.2145. After this level is reached, a pathway down to 1.2020 should open. Then a correction to 1.2130 and a decline to 1.1900 should follow. The goal is first.
USD/JPY, “US Dollar vs Japanese Yen”
The currency pair is forming a consolidation range around 131.76. A link of growth to 132.85 is not excluded, followed by a decline to 130.62. And with a breakaway of this level, a pathway down to 128.28 will open. The goal is first.
USD/CHF, “US Dollar vs Swiss Franc”
The currency pair continues declining to 0.9227. After this level is reached, a wave of growth to 0.9288 should start. And with a breakaway of this level upwards, a pathway up to 0.9363 will open. The goal is first.
AUD/USD, “Australian Dollar vs US Dollar”
The currency pair escaped a consolidation range upwards and performed a link of growth to 0.6764. Today a decline to 0.6691 is expected. With a breakaway of this level downwards, a pathway for a decline to 0.6622 will open, from where the trend might continue to 0.6500.
Crude oil completed a wave of growth to 83.00. Today the market is forming a consolidation range under this level. An escape upwards and further growth to 85.55 are expected. After this level is reached, a link of correction to 82.40 is not excluded, followed by growth to 92.50. The goal is local.
XAU/USD, “Gold vs US Dollar”
Gold continues forming a consolidation range under 1820.62. The quotes are likely to escaoe it downwards and reach 1797.22, from where the wave of decline might continue to 1763.30. The goal is local.
The stock index completed a wave of correction to 3894.0. Today a wave of decline to 3757.4 should begin. Then a correction to 3890.0 and a decline to 3760.0 should follow, from where the trend might continue to 3644.4. The goal is first.
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EUR/USD drops toward 1.0700 after US jobs report
EUR/USD came under renewed bearish pressure in the second half of the day on Friday and declined toward 1.0700. Stronger-than-expected Nonfarm Payrolls (NFP) data helps the US Dollar gather strength ahead of the weekend and forces the pair to stay on the back foot.
GBP/USD extends slide below 1.2450 amid a stronger USD
GBP/USD dropped further and hit fresh daily lows below 1.2450 amid a stronger US dollar. The Greenback remains firm following the release of the US May jobs report. Despite losing almost 100 pips on Friday, GBP/USD is still on track for a weekly gain.
Gold falls below $1,960 as US yields rebound after US jobs data
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Terra Classic price up 35% as whales buy LUNC for v2.1.0 parity upgrade
Terra Classic (LUNC) has turned bullish, inspired by a recent announcement of the version 2.1.0 upgrade. The news has awakened the altcoin from a deep slumber, inspiring hope among token holders as the nominal increase shows signs of sustaining long-term for the token.
Week ahead – RBA and BoC to hold rates but might be tempted to hike
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