EUR/USD, “Euro vs US Dollar”

The EUR/USD pair extends a correction wave to 1.0858. Today the market is forming a narrow consolidation range under this level. With an escape from the range upwards, further correction to 1.0872 is not excluded. With a downward escape, the decline wave could continue to 1.0790.

EURUSD

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

The GBP/USD pair continues developing a consolidation range around 1.2676. Today the range could expand to the 1.2707 level. Next, a decline to 1.2660 might follow. With an escape from the range downwards, the potential for a wave to 1.2600 could open. With an upward escape, a growth link to 1.2750 could form.

GBPUSD

USD/JPY, “US Dollar vs Japanese Yen”

The USD/JPY pair continues forming a consolidation range around the 150.44 level without any obvious trend. A decline link to 150.15 is expected today. Next, a growth link to 150.44 (testing from below) and a decline to 149.37 might follow. Once this level is reached, a new growth link to 151.18 might start. The potential for a growth wave to 151.18 might also open with an upward escape from the range. This is the first target.

USDJPY

USD/CHF, “US Dollar vs Swiss Franc”

The USD/CHF pair continues developing a consolidation range around 0.8823. Today the quotes could drop to 0.8776. Once this level is reached, a growth link to 0.8823 might follow. With a downward escape from the range, a decline link to 0.8733 is not excluded. With an upward escape, the trend could extend to 0.8865.

USDCHF

AUD/USD, “Australian Dollar vs US Dollar”

The AUD/USD pair has completed a decline wave to 0.6537. By now, a consolidation range has formed around this level. Today the market has escaped the range upwards and might form a growth link to 0.6555. Once this level is reached, a decline to 0.6515 is expected. This is a local target.

AUDUSD

Brent

Brent has formed a consolidation range around 81.66 without any obvious trend. With a downward escape from the range, the correction could extend to 79.00. With an upward escape, the potential for a growth wave to 85.85 might open. This is a local target.

Brent

XAU/USD, “Gold vs US Dollar”

Gold continues forming a wide consolidation range around 2026.34 without any expressed trend. Today the market could expand the range upwards to 2042.00 and then drop to 2026.00. With an upwards escape from the range, the growth wave to 2055.00 might continue. With a downward escape, the potential for a decline wave to 2011.00 could open.

XAUUSD

S&P 500

The stock index has performed a correction to 5065.0. A growth link to 5090.0 might form today, followed by a correction to 5045.0. Once the correction is over, a new growth wave to 5144.0 could start.

Chart

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AUD/USD remains on the defensive below 0.6450, investors await Australian CPI data

AUD/USD remains on the defensive below 0.6450, investors await Australian CPI data

AUD/USD remains on the defensive near 0.6420 during the early Asian session on Monday. The Federal Reserve media blackout went into effect at midnight Friday. Nonetheless, the US central bank has delivered hawkish messages in recent weeks and markets expect the first cut in September. 

AUD/USD News

EUR/USD touches five-month low on growing expectations that ECB will ease before Fed

EUR/USD touches five-month low on growing expectations that ECB will ease before Fed

EUR/USD managed to counter a poor start of the week and reverse course despite the European currency slipping back to the 1.0600 key support against the US Dollar, or five-month lows.

EUR/USD News

Gold: Will geopolitics continue to drive XAU/USD?

Gold: Will geopolitics continue to drive XAU/USD?

Gold price fluctuated in a relatively narrow range this week following the record-setting rally. Investors will continue to pay close attention to headlines surrounding the Iran-Israel conflict and scrutinize key macroeconomic data releases from the US this week.

Gold News

A breakout or significant price movement may be imminent for Ripple’s token

A breakout or significant price movement may be imminent for Ripple’s token

Ripple has been range-bound for a while, with token holders patiently holding as the ecosystem contended against the US Securities and Exchange Commission. As per a recent report, the payments token’s price has been stuck below $0.50, failing to breach key resistance levels.

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Week ahead: US GDP and BoJ decision on top of this week’s agenda

Week ahead: US GDP and BoJ decision on top of this week’s agenda

US GDP, core PCE and PMIs the next tests for the Dollar. Investors await BoJ for guidance about next rate hike. EU and UK PMIs, as well as Australian CPIs also on tap. Earnings season heats up as tech giants report.

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