EUR/USD, “Euro vs US Dollar”
EUR/USD continues developing a consolidation range around 1.0855. The market has just extended the range to 1.0894. Today the range could drop to 1.0813. Next, a link of growth to 1.0855 could follow (with a test from below). Next, a decline to 1.0787 might form. This is a local target.
GBP/USD, “Great Britain Pound vs US Dollar”
GBP/USD has performed a corrective wave to 1.2454. A decline to 1.2376 might follow. And with a downward breakout of this level, the potential for a decline wave to 1.2294 might form. This is a local target.
USD/JPY, “US Dollar vs Japanese Yen”
The USD/JPY pair continues developing a consolidation range around 150.77. A decline to 150.15 is not excluded. Next, a ink of growth to 152.90 could begin. This is a local target.
USD/CHF, “US Dollar vs Swiss Franc”
USD/CHF continues developing a consolidation range around 0.8880. A link of growth to 0.8952 could form today, from where the trend might continue to 0.9012.
AUD/USD, “Australian Dollar vs US Dollar”
The AUD/USD pair continues developing a decline wave to 0.6444. This is the first target. After the price reaches this level, a link of correction to 0.6494 is not excluded, followed by a decline to 0.6340.
Brent
Brent continues developing a correction. It has just completed a declining structure to 76.66. A consolidation range might form around this level today. With an escape from the range upwards, a new wave of growth to 84.10 could begin. This is the first target.
XAU/USD, “Gold vs US Dollar”
Gold has formed a consolidation range around 1955.30. With an escape from the range upwards, the correction could continue to 1988.74. After it is over, a new decline wave to 1918.20 could start. This is a local target.
S&P 500
The stock index continues forming a consolidation range around 4510.0. The range might then extend to 4532.3, after which the quotes might drop to 4532.3. With a breakout of this level downwards, the potential for a wave to 4450.0 might open. This is a local target.
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
AUD/USD bears challenge 0.6550 amid geopolitical risks, ahead of a Big week
AUD/USD is trading near 0.6550, under heavy selling pressure at the start of a Big week on Monday. Markets digest recent Middle East geopolitical risks and the Chinese deflationary trend, which weigh on risk sentiment and the Aussie Dollar while the US Dollar consolidates the previous rebound.
USD/JPY: Japanese Yen keeps falling, as US Dollar firms up on risk aversion
The Japanese Yen is accelerating its decline against the US Dollar. Reduced bets for an imminent shift in the BoJ’s policy shift undermine the JPY. The US Dollar benefits from upbeat US NFP data and broad risk aversion. The focus shifts to the US CPI data and the Fed decision this week.
Gold sellers set to extend control, as the Big week kicks off
Gold price is testing a 10-day low of $1,995 set on Friday, seemingly vulnerable early Monday, as the Big Central Banks week kicks off. The United States Dollar is clinging to its recovery gains amid a cautious market environment and steady US Treasury bond yields.
Bitcoin price crashes 7.7% in Asian session, sets off $200 million in liquidations
Bitcoin (BTC) price dropped 7.74% in the last hour, briefly tagging the $40,400 level. According to data from CoinGlass, this move caused nearly $200 million worth of positions to be liquidated.
Central stage: The big three central banks in focus
As we approach the end of the year, this week holds particular significance for macro observers. The three major central banks, often referred to as the "Big 3" – the Federal Reserve, the European Central Bank (ECB), and the Bank of England (BoE) – are all scheduled to convene.