EUR/USD, “Euro vs US Dollar”

The currency pair has completed a wave of decline to the 1.0674 level. Today the market is correcting this declining wave, with the correction possible to the 1.0727 level. After it is over, a decline to the 1.0666 level could follow.

eurusd

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

The currency pair has completed a wave of decline to the 1.2368 level. Today the market is forming a correction to the 1.2455 level. When this correction is over, another structure of decline to the 1.2355 level could develop.

gbpusd

USD/JPY, “US Dollar vs Japanese Yen”

The currency pair has completed a link of decline to the 139.25 level. Today the market has formed a link of growth to the 139.80 level and is currently forming a consolidation range around the 139.50 level. The range could expand to the 139.16 level, followed by growth to the 139.92 level.

usdjpy

USD/CHF, “US Dollar vs Swiss Franc”

The currency pair has completed a wave of growth to the 0.9119 level. Today a correction to the 0.9040 level could develop. Following the completion of the correction, a tie of growth to the 0.9080 level could start.

usdchf

AUD/USD, “Australian Dollar vs US Dollar”

The currency pair has completed a link of growth to the 0.6666 level. Today a consolidation range could develop around this level. With an exit downwards, a pattern of decline to the 0.6565 level could continue to develop. This is the first target.

AUDUSD

Brent

Brent has completed a pattern of growth to the 78.08 level. Today the market has corrected to the 76.06 level, and a wave of growth to the 77.77 level is expected to start. A breakout of this level upwards will open the potential for growth to the 79.45 level with the prospect of trend continuation to the 80.08 level.

Brent

XAU/USD, “Gold vs US Dollar”

Gold has completed a structure of a declining wave to the 1938.30 level. Today the market is correcting to the 1968.00 level. After the correction is over, a new structure of decline to the 1931.40 level could start. This is the first target.

XAUUSD

S&P 500

The stock index has completed a tie of growth to the 4300.0 level, followed by today’s impulse of decline to the 4269.0 level. A tie of correction to the 4285.4 level is currently being formed. When the correction is over, another pattern of decline to the 4229.6 level could develop with the prospect of trend continuation to the 4188.8 level. This is the first target.

SP

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Editors’ Picks

EUR/USD extends slide below 1.0700 on stronger USD, EU political angst

EUR/USD extends slide below 1.0700 on stronger USD, EU political angst

EUR/USD stays under bearish pressure and trades at its lowest level since early May below 1.0700. Unabated US Dollar demand amid risk aversion 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 1.2700

GBP/USD slumps to multi-week lows below 1.2700

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.

Gold News

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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Week ahead – RBA, SNB and BoE next to decide, CPI and PMI data also on tap

Week ahead – RBA, SNB and BoE next to decide, CPI and PMI data also on tap

It will be another central-bank-heavy week with the RBA, SNB and BoE. Retail sales will be the highlight in the United States. Plenty of other data also on the way, including flash PMIs and UK CPI.

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