EUR/USD, “Euro vs US Dollar”

The currency pair has completed a wave of decline to 1.0707. Today the market has started developing a correction to 1.0755. This is the first target. After the price reaches this level, a correction might follow to 1.0730. Next, growth to 1.0790 is expected.

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

The currency pair has completed a wave of decline to 1.2307. Today the market has formed a consolidation range above this level and, escaping the range upwards, suggests continuing the wave of growth to 1.2352. After the price reaches this level, a link of correction to 1.2330 could follow. Next, growth to 1.2395 is expected.

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USD/JPY, “US Dollar vs Japanese Yen”

The currency pair formed a consolidation range around 139.50, escaped it upwards, and completed a structure of growth to 140.20. Today the market has started developing a wave of decline to 139.50. After the price reaches this level, a correction to 139.80 could follow. Next, a decline to 138.65 is expected.

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USD/CHF, “US Dollar vs Swiss Franc”

The currency pair has completed a wave of growth to 0.9072. Today the market is forming a correction to 0.9020. After it is over, the wave of growth might continue to 0.9111.

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AUD/USD, “Australian Dollar vs US Dollar”

The currency pair has completed a wave of decline to 0.6493. Today the market is forming a structure of corrective growth to 0.6540. Next, a structure of decline could develop to 0.6455.

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Brent

Brent has formed a consolidation range around 76.76 and, escaping it downwards, suggests a correction to 75.00. After the correction will be over, a new wave of growth to 79.55 might start that could extend to 80.20.

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XAU/USD, “Gold vs US Dollar”

Gold has completed a wave of decline to 1936.76. Today the market is beginning a wave of growth to 1964.00. After the price reaches this level, a correction to 1950.00 could follow. Next, a new wave of growth to 1984.00 might start.

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S&P 500

The stock index has completed a wave of decline to 4106.0. Today the market has corrected to 4160.0. A new wave of decline to 4102.0 is expected. This is the first target. After the price reaches this level, a correction to 4150.0 could form, followed by a decline to 4050.0.

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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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EUR/USD drops below 1.0700 on stronger USD, EU political angst

EUR/USD drops below 1.0700 on stronger USD, EU political angst

EUR/USD stays under bearish pressure and trades deep in negative territory below 1.0700 in the American session on Friday. Unabated US Dollar demand and looming EU political uncertainty exert downside pressure on the pair heading into the weekend.

EUR/USD News

GBP/USD slumps to multi-week lows below 1.2800

GBP/USD slumps to multi-week lows below 1.2800

GBP/USD extends its decline on Friday and trades at its lowest level in nearly a month below 1.2700. In the absence of high-tier data releases, the US Dollar continues to benefit from souring market mood, forcing the pair to stretch lower in the second half of the day.

GBP/USD News

Gold clings to recovery gains at around $2,330

Gold clings to recovery gains at around $2,330

Following Thursday's pullback, Gold holds its ground on Friday and trades in positive territory near $2,330. The benchmark 10-year US Treasury bond yield edges lower toward 4.2%, helping XAU/USD push higher ahead of the weekend.

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Monero price poised for a downward correction

Monero price poised for a downward correction

Monero price has encountered resistance at a critical level. The technical outlook suggests a potential short-term correction as momentum indicators signal a bearish divergence.

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US Dollar holding up well despite rate pricing

US Dollar holding up well despite rate pricing

It’s been an interesting week for financial markets. The most striking development in our opinion is the fact that the market is back to pricing two full rate cuts from the Fed in 2024, and yet, the Dollar has held up relatively well considering.  

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