EUR/USD, “Euro vs US Dollar”

The EURUSD pair has performed a wave of decline to 1.0803. Today, the market is forming a consolidation range above this level, potentially further declining towards 1.0801. A subsequent correction towards 1.0830 is probable, followed by a potential decline to 1.0777, serving as a local target.

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

The GBPUSD pair broke through 1.2702 and continues its decline towards 1.2678. After reaching this level, a rise towards 1.2702 (testing from below) is possible, followed by a potential decline to 1.2660, serving as a local target. Following this, a correction towards 1.2702 could be considered.

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USD/JPY, “US Dollar vs Japanese Yen”

The USDJPY pair found support at 156.52 and may rise towards 157.26. Following this, the price may decline to 156.19, with a breakout below this level opening the potential for a wave towards 155.15, serving as the first target.

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USD/CHF, “US Dollar vs Swiss Franc”

The USDCHF pair continues to develop a consolidation range above 0.9133. Today, a rise towards 0.9176 is expected, potentially extending to 0.9188. Following this, a correction towards 0.9090 could be considered.

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AUD/USD, “Australian Dollar vs US Dollar”

The AUDUSD pair is undergoing a downward wave towards 0.6580. After reaching this level, a correction towards 0.6616 (testing from below) is possible. Subsequently, the price may decline to 0.6554, serving as a local target.

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Brent

Brent oil continues to develop a correction, with the local target at 80.72 already reached. Today, a rise towards 82.00 is probable, followed by another correction towards 79.79. Subsequently, a new growth wave towards 84.10 is expected, serving as the first target.

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XAU/USD, “Gold vs US Dollar”

Gold has performed a wave of decline to 2326.46. Today, the market is forming a consolidation range above this level. An upward breakout could initiate a correction towards 2384.80 (testing from below). Subsequently, the price may decline to 2319.50, serving as the first target of the decline wave.

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S&P 500

After rebounding from 5351.1, the S&P 500 index has commenced a downward wave towards 5231.1. After reaching this level, a correction towards 5290.5 (testing from below) is possible, followed by a new decline wave towards 5200.0.

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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 fluctuates near 1.0750 as markets turn subdued

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EUR/USD continues to trade in a relatively tight channel at around 1.0750 in the American session on Wednesday. The pair struggles to finding direction with US markets remaining closed in observance of the Juneteenth Holiday.

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GBP/USD stabilizes above 1.2700 after UK inflation data

GBP/USD stabilizes above 1.2700 after UK inflation data

GBP/USD clings to modest daily gains above 1.2700 on Wednesday. The data from the UK showed that annual inflation, as measured by the change in the Consumer Price Index, declined to 2% in May from 2.3% in April. The BoE will announce policy decisions on Thursday.

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Gold extends sideways grind at around $2,330

Gold extends sideways grind at around $2,330

Gold (XAU/USD) struggles to capitalize on the previous day's bounce from the vicinity of the $2,300 mark and oscillates in a narrow band near $2,330. US bond markets remain closed in observance of the Juneteenth Holiday, limiting the pair's volatility.

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Polygon MATIC poised for 10% rally as momentum indicators signal strength

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Investors' focus will be on Europe

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