EUR/USD, “Euro vs US Dollar”

The currency pair has completed a wave of decline to 1.0577. Today the market might show a link of correction to 1.0637 and then go down to 1.0568. After this level is reached, a new correction to 1.0690 should start.

EURUSD

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

The currency pair has completed a wave of decline to 1.1991. Today a link of growth to 1.1966 should follow (a test from below). Then the pair should drop to 1.1966, after which a correction should start towards 1.2070.

GBPUSD

USD/JPY, “US Dollar vs Japanese Yen”

The currency pair has completed a link of growth to 135.35 and a link of decline to 134.05. Practically, the market has set the borders of a consolidation range. With an escape upwards, the wave of growth should continue to 136.56. With an escape downwards, a correction should develop to 133.33, followed by growth to 136.56.

USDJPY

USD/CHF, “US Dollar vs Swiss Franc”

The currency pair has completed a structure of growth to 0.9347. Today the market is consolidating under this level. With an escape downwards, a correction to 0.9300 should follow. With an escape upwards, the wave should continue to 0.9381.

USDCHF

AUD/USD, “Australian Dollar vs US Dollar”

The currency pair has completed a wave of decline to 0.6781. Today the market is forming a link of growth to 0 6848. This is interpreted as a correction. After it is over, a link of decline to 0.6777 should start.

AUDUSD

Brent

Brent has completed a wave of growth to 82.30 and a correction to 81.22. Today a wave of growth should develop to 83.83. Then a correction to 82.15 and growth to 83.73 should follow. The goal is first.

Brent

XAU/USD, “Gold vs US Dollar”

Gold has completed a wave of decline to 1818.00. A link of correction to 1815.00 is not excluded today. After this level is reached, a wave of growth to 1842.00 should start.

XAUUSD

S&P 500

The stock index has completed a wave of decline to 3968.8. Today a consolidation range is forming above this level. With an escape upwards, a pathway to 4080.0 should open, followed by a decline to 4026.0. With an escape downwards, a pathway to 3900.0 should open, followed by growth to 3968.8.

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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Editors’ Picks

EUR/USD retreats toward 1.0850 on modest USD recovery

EUR/USD retreats toward 1.0850 on modest USD recovery

EUR/USD stays under modest bearish pressure and trades in negative territory at around 1.0850 after closing modestly lower on Thursday. In the absence of macroeconomic data releases, investors will continue to pay close attention to comments from Federal Reserve officials.

EUR/USD News

GBP/USD holds above 1.2650 following earlier decline

GBP/USD holds above 1.2650 following earlier decline

GBP/USD edges higher after falling to a daily low below 1.2650 in the European session on Friday. The US Dollar holds its ground following the selloff seen after April inflation data and makes it difficult for the pair to extend its rebound. Fed policymakers are scheduled to speak later in the day.

GBP/USD News

Gold climbs to multi-week highs above $2,400

Gold climbs to multi-week highs above $2,400

Gold gathered bullish momentum and touched its highest level in nearly a month above $2,400. Although the benchmark 10-year US yield holds steady at around 4.4%, the cautious market stance supports XAU/USD heading into the weekend.

Gold News

Chainlink social dominance hits six-month peak as LINK extends gains

Chainlink social dominance hits six-month peak as LINK extends gains

Chainlink (LINK) social dominance increased sharply on Friday, exceeding levels seen in the past six months, along with the token’s price rally that started on Wednesday. 

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Week ahead: Flash PMIs, UK and Japan CPIs in focus – RBNZ to hold rates

Week ahead: Flash PMIs, UK and Japan CPIs in focus – RBNZ to hold rates

After cool US CPI, attention shifts to UK and Japanese inflation. Flash PMIs will be watched too amid signs of a rebound in Europe. Fed to stay in the spotlight as plethora of speakers, minutes on tap.

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