Latest Market News
EURUSD, “Euro vs US Dollar” The currency pair has completed a structure of correction to 1.0983. Today the market is forming a link of a new wave of decline to 1.0893. After the price reaches, this level, a link of growth to 1.0930 could form. GBPUSD, “Great Britain Pound vs US Dollar” The currency pair […]
EURUSD on Tuesday remains in a downtrend. The current quote is 1.0940. At the beginning of the week, there is no important news, so investors focused on currency speculations based on the expectations about future steps that the US Federal Reserve System might make. Curiously, according to the CME FedWatch, the probability of the interest […]
UK Wages & Jobless Level Jump The latest UK economic data released this morning has raised some serious questions over the outlook for the UK economy. In the three months through February, the unemployment rate was seen increasing to 3.8% from 3.7% prior, with the claimant count surging to 28.2k from -11.2 prior. While this […]
CADJPY Bullish View CADJPY is an interesting pair to watch as we kick off the new week. The retail market is holding a heavy 81% short position in the pair currently, suggesting plenty of room for the current rally to continue. CAD has been the strongest performer across early European trading on Monday. A better […]
AUDUSD, “Australian Dollar vs US Dollar” On H4, the quotes are on the 200-day Moving Average, which indicates a lack of any trend. The RSI is testing the resistance line. As a result, a downward breakout of 4/8 (0.6713) is expected, followed by falling to the support at 2/8 (0.6652). The scenario can be canceled […]
The Australian dollar is trying to grow against the US dollar again. The current quote is 0.6727. China has issued a large chunk of statistics today that turned out, indeed, positive. For Australia, stable Chinese reports are crucial because China is the country’s leading trade and economic partner. Do, the Chinese GDP in Q1 2023 […]