Current trend EUR is showing moderate gains against USD during the Asian session, retreating from record lows since November 4, updated the day before. USD has been supported in the last few days by the increased prospects for reducing the current stimulus of the US Federal Reserve (the curtailment of the quantitative easing program may be carried out by the end...
Current trend USD is showing corrective gains against JPY, recovering from local lows since August 4, after a sharp decline at the end of last week. USD is trying to recoup after the release of disappointing data on consumer confidence in the US at the end of last week. Yesterday, investors watched the publication of macroeconomic statistics from Japan, which...
Current trend USD continues to trade against JPY with multidirectional dynamics, holding near 110.40 and local highs, updated on Wednesday. Market activity remains subdued, as no noteworthy macroeconomic publications are expected at the end of the week, and investors are inclined to lock in their profits. USD, as before, counts on the active actions of the US...
Current trend EUR is showing a slight increase against USD during the Asian session, developing an upward momentum formed the day before, when the market was winning back the results of the publication of macroeconomic statistics from the US. Consumer Price Index excluding Food and Energy in July sharply slowed down from +0.9% MoM to +0.3% MoM, which, however,...
The pair is in a correction, a fall is possible. On the daily chart, the first wave of the higher level (1) of 3 formed, and a downward correction develops as the wave (2) of 3. Now, the wave C of (2) is forming, within which the third wave of the lower level iii of C is ending. If the assumption is correct, after the end of the correction iv of C the price will...
Current trend USD shows a slight decline against JPY in trading during the morning session, retreating from local highs since July 27, which were updated at the end of last week amid the publication of a strong report on the US labor market for July. In particular, the American economy created 943K new jobs outside the agricultural sector, significantly exceeding...
Current trend EUR is declining against USD during the Asian session, updating local lows since July 28 and preparing to end the week with a moderate decline. However, market activity will remain strong as investors focus on the July US labor market report due today. Attention to the upcoming publication has been increased in part because the US Federal Reserve...
Current trend GBP is trading upward against USD in the morning session, again trying to consolidate above 1.3900. The "bulls" are regaining positions lost the day before, when USD received an impetus to grow amid optimistic statements by the US Federal Reserve Vice-Chair Richard Clarida that the regulator is considering the possibility of reducing the existing...
Current trend EUR shows flat dynamics of trading against USD during today's Asian session, holding near 1.1870. Market activity remains rather low as investors expect new drivers to emerge, such as the US labor market report for July on Friday. Today, investors will pay attention to the publication of statistics on retail sales in the euro area for June, as well...
Current trend Gold prices are showing a slight decline during today's morning session, again settling in the area of 1800.00. At the beginning of this week, the "bears" have already tested this level, but they have not yet managed to consolidate below it, which is due to the weakness of USD. Analysts note a moderate increase in demand for risk, which puts...
Current trend Against the background of a slight decline in the USD Index, the price of silver contracts corrects within a sideways trend, trading at $26.33 per ounce. In the global time frame, the “pennant” trend continuation pattern develops, within which the rate has reached the support line and is preparing for a reversal. Technical indicators hold the...
Current trend Today, during the Asian session, the USD/CHF pair shows ambiguous trading dynamics, consolidating near the level of 0.9200, which the “bulls” did not manage to consolidate above. On Tuesday, consumer sentiment for the dollar was supported by statistics on consumer inflation, which showed further growth despite the forecast of a slowdown. The June...
Current trend The pair EUR/USD continues to decline amid heightened market concerns about the spread of new strains of coronavirus. The instrument is currently trading at 1.1862. In addition to the new restrictive measures that have been introduced in some EU countries since the beginning of the week, the greatest pessimism among investors is caused by the...
The pair is in a correction, a fall is possible. On the daily chart, the first wave of the higher level 1 of (3) developed, and a downward correction forms as the second wave 2 of (3). Now, the wave a of 2 has formed, an upward correction of the lower level has developed as the wave b of 2, and the wave c of 2 is forming, within which the wave (iii) of c has...
Current trend GBP is showing a slight decline against USD during the morning trading session, preparing to end the week near the local lows since July 2. The instrument is testing 1.3770 for a breakdown and expects new drivers to appear on the market, which may be the US Fed's monetary policy report and a block of macroeconomic statistics from the...
Current trend GBP is trading marginally lower against USD during the Asian session, retesting 1.3800 for a breakdown. The day before, the instrument showed multidirectional dynamics, but closed with a noticeable minus, despite the publication of optimistic macroeconomic statistics from the UK. Markit Construction PMI in June rose from 64.2 to 66.3 points, while...
The pair may fall. On the daily chart, the first wave of the higher level (1) developed, and a correction forms as the wave (2). Now, the wave A of (2) has formed, the wave B of 2 has developed, and the wave C of (2) is forming, within which the third wave of the lower level iii of C has formed, and the correctional wave iv of C is developing. If the assumption...
Current trend Last week, the BTC/USD pair was trading in a sideways range of 36000.00–32500.00, where it is currently. Cryptocurrency assets lack significant drivers to resume growth, and the external background remains negative for the sector. The interest of institutional investors in digital currencies is slowly declining: in the USA, monetary policy...