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EUR/USD, “Euro vs US Dollar”

EUR/USD has formed a wide consolidation range around 1.0680. Amid the news, the market broke the range upwards and hit a local correction target of 1.0886. Today a consolidation range is expected to form below this level. Breaking it downwards, the price could start a downward movement to 1.0755 minimum. At maximum, it could fall to 1.0680 (a test from above). Next, another structure of growth targeting 1.0915 could develop.

EURUSD

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

GBP/USD has formed a consolidation range around 1.2291 and, breaking it upwards, reached the growth target of 1.2503. Today the market is forming a consolidation range below this level. A downward breakout is expected with the downward momentum continuing to 1.2291.

GBPUSD

USD/JPY, “US Dollar vs Japanese Yen”

USD/JPY has completed a decline wave, reaching 150.15. Today a link of growth to 150.95 is expected (a test from below). Next, another decline wave to 150.00 could develop, followed by growth to 152.07.

USDJPY

USD/CHF, “US Dollar vs Swiss Franc”

USD/CHF has completed a decline wave, reaching 0.8880. Today the market is forming a consolidation range around this level. The price is expected to break the range upwards and continue its upward movement to 0.9013. This is the first target.

USDCHF

AUD/USD, “Australian Dollar vs US Dollar”

AUD/USD has completed a link of growth to 0.6511. Today a decline wave targeting 0.6435 is expected to start. Upward momentum to 0.6537 could develop next.

AUDUSD

Brent

Brent has completed a growth wave, reaching 83.71, and corrected today to 82.00. Next, a new growth wave to 84.92 could start. This is the first target. After the price hits this level, it could decline to 83.33 and then rise to 87.00.

Brent

XAU/USD, “Gold vs US Dollar”

Gold has corrected to 1970.90. Today a consolidation range is expected to form below this level. With a downward breakout, a new decline wave targeting 1922.75 could start. This is the first target.

XAUUSD

S&P 500

The stock index has formed a consolidation range around 4410.0. Breaking it upwards, the price rose to 4510.0. Today the market is forming a consolidation range below this level. The price could decline to 4410.0. This is the first target.

S&P 500

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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 stretches higher above 1.0850 ahead of Eurozone PMI data

EUR/USD stretches higher above 1.0850 ahead of Eurozone PMI data

EUR/USD is continuing its upswing above 1.0850 in European trading on Thursday. A broadly subdued US Dollar and US Treasury bond yields, amid a risk-on mood, are helping the pair ahead of the top-tier preliminary PMI data from the Eurozone and the US. 

EUR/USD News

GBP/USD jumps toward 1.2700, awaits UK, US PMIs

GBP/USD jumps toward 1.2700, awaits UK, US PMIs

GBP/USD is extending gains toward 1.2700 in the European session on Thursday. The pair is finding support from a weaker US Dollar and an improved risk appetite. All eyes now remain on the UK and the US flash PMI data for fresh trading impetus. 

GBP/USD News

Gold eyes a fresh uptrend on a sustained move above $2,035

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Gold price has resumed its bullish momentum near $2,030 early Thursday, having paused its recovery rally on Wednesday. A risk-on market environment is acting as a headwind for the US Dollar, despite the hawkish US Fed January meeting Minutes.

Gold News

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