Latest Market News
The primary currency pair continues to weaken at the end of the week. The current exchange rate for EURUSD stands at 1.0805. May statistics showed that business activity in the US accelerated to the highest level in two years. The preliminary value of the Markit Services PMI increased to 54.8 points in May from 51.3 […]
The Australian dollar is plummeting against the US dollar on Friday. The current exchange rate for AUDUSD stands at 0.6592. The Aussie has come under pressure from the strengthening US dollar. The US currency gained strength after relatively strong reports on the US economy appeared on the market. These reports reduced the likelihood that the […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD has consolidated under the indicator’s signal lines. The pair is moving above the Ichimoku Cloud, suggesting an uptrend. A test of the upper boundary of the Cloud at 1.2685 is expected, followed by a rise to 1.2865. A rebound from the lower boundary of the bullish channel […]
BRENT Brent oil quotes broke through the 200-day Moving Average on D1 and are currently below it, suggesting the possibility of a downward trend. However, there is convergence on the RSI indicator, so a pullback from the 2/8 (81.25) level followed by a rise to the 3/8 (84.38) resistance level is expected. A breakout above […]
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EURUSD, “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. GBPUSD, “Great Britain Pound […]