Day: May 20, 2024

The primary currency pair looks lively on Monday. The current EURUSD exchange rate stands at 1.0880. This morning, the exchange rate touched 1.0895, marking a two-month peak tested last week. The market will soon mainly focus on the core PCE data, a key inflation indicator used by the Federal Reserve to gauge price pressure. This […]

The New Zealand dollar continues to appreciate against the US dollar. The current NZDUSD exchange rate stands at 0.6131. Investors are eagerly awaiting the Reserve Bank of New Zealand’s next meeting. The RBNZ is expected to keep the current monetary policy structure unchanged for the seventh consecutive time. The interest rate may remain at 5.5% […]

EURUSD, “Euro vs US Dollar” The EURUSD pair is currently in a consolidation phase around 1.0858, with the market extending the range towards 1.0880 today. A decline to 1.0858 (testing from above) is expected. With an upward breakout, the wave might expand to 1.0906, potentially rising to 1.0914. With a downward breakout, a decline towards […]

GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD has gained a foothold above the indicator’s signal lines. The pair is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Tenkan-Sen line at 1.2685 is expected, followed by a rise to 1.2855. An additional signal confirming the rise will be a rebound […]