EUR/USD, “Euro vs US Dollar”
The currency pair has completed a correction to 1.0790. Today the market is developing a new structure of decline. A link of decline to 1.0690 is expected, followed by growth to 1.0740 and a decline to 1.0655, from where the wave might extend to 1.0610. The goal is local.
GBP/USD, “Great Britain Pound vs US Dollar”
The currency pair has completed a wave of correction to 1.2193. Today the market continues developing a structure of decline to 1.2062. Then a link of growth to 1.2134 and a decline to 1.1990 should follow, from where the wave might continue to 1.1930. The goal is local.
USD/JPY, “US Dollar vs Japanese Yen”
The currency pair has completed a correction at 130.33. Today the market is forming a link of growth to 133.15. After this level is reached, a link of decline to 131.50 should follow.
USD/CHF, “US Dollar vs Swiss Franc”
The currency pair has completed a correction at 0.9166. Today a link of growth to 0.9260 is forming. Then a decline to 0.9211 and growth to 0.9305 should follow, from where the wave might extend to 0.9355.
AUD/USD, “Australian Dollar vs US Dollar”
The currency pair has completed a correction to 0.7010. Today a structure of decline to 0.6894 is forming. Then growth to 0.6952 and a decline to 0.6843 should follow, from where the wave might continue to 0.6781.
Brent
Brent has completed a link of growth to 85.22 and a link of decline to 83.30. Practically, a new consolidation range has appeared around 83.30. A new structure of growth to 87.62 is expected to develop. The goal is first.
XAU/USD, “Gold vs US Dollar”
Gold has completed a correction at 1889.99. Today the market is forming a link of decline to 1840.80. Then a link of growth to 1865.55 and a decline to 1819.70 should follow.
S&P 500
The stock index continues forming a structure of decline to 4050.0. After this level is reached, a new consolidation range should form around this level. With an escape downwards, the wave of decline should continue to 3923.5, from where it might continue to 3903.0. The goal is local.
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.
Recommended Content
Editors’ Picks
EUR/USD consolidates modest rebound around 1.0650
EUR/USD is about to end the week hovering around 1.0650, slightly below the level it had a week ago. Earlier on Friday, the pair bottomed at 1.0614, the lowest intraday level since March. The US Dollar lost momentum late on Friday on lower Treasury yields.
GBP/USD heads for lowest weekly close since March
GBP/USD is holding firm with weekly losses, unable to move away from 1.2200. The Pound is among the worst performers of the week after the Bank of England's decision to keep interest rates unchanged.
Gold consolidates above $1,920 ass US yields edge lower
Gold price clings to small recovery gains above $1,920 following Thursday's sharp decline. Following the mixed September PMI data from the US, the benchmark 10-year US Treasury bond yield is down nearly 1% on the day at around 4.45%, allowing XAU/USD to stay in positive territory.
Stablecoin exodus: Why are investors fleeing crypto’s safe haven?
In a year filled with uncertainty in the cryptocurrency space, a new trend has been unraveling: a stablecoin exodus that has now lasted for 18 consecutive months and has seen the market dominance of stablecoins drop to 11.6%.
Cainiao subsidiary to register for IPO as soon as next week
BABA stock surged more than 4% in Friday’s premarket after the Chinese ecommerce leader announced that its shipping and logistics business, Cainiao, will file for an initial public offering (IPO) in Hong Kong as soon as next week.