Latest Market News

EURUSD, “Euro vs US Dollar” On H4, the quotes are under the 200-day Moving Average, revealing prevalence of a downtrend. The RSI is testing the resistance line. Next, a test of 3/8 (1.0620) should be expected, followed by a breakaway and a decline to the support level of 2/8 (1.0498). The scenario can be cancelled […]

EURUSD started the week neutrally. The current quote is 1.0690. There has already happened a bounce in the market major, and today is a day off in the US, while Europe has not statistics prepared for publication. Investors have got a chance to take a pause and analyse the situation. In fact, there is nothing […]

The foreign exchange market is trading slowly at the beginning of the new week, as seen by the modest range of movements; the US markets are closed in observance of Presidents’ Day. The key events of the week are the Federal Reserve Minutes and the Core PCE for January. The dominant theme on the market […]

NZD Weaker Ahead of RBNZ NZDCHF has come under heavy selling pressure over recent sessions as traders brace for the upcoming RBNZ meeting this week. Despite firmly hawkish guidance issued at the November meeting, which suggested a further .75% hike to come, the recent severe flooding and cyclone damage in New Zealand has prompted expectations […]

EURUSD, “Euro vs US Dollar” EURUSD has bounced off the lower border of the bearish channel. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the lower border of the Cloud at 1.0735 is expected, followed by falling to 1.0465. An additional signal confirming the decline will be a […]

EURUSD, “Euro vs US Dollar” The currency pair has completed a wave of decline to 1.0612 and a correction to 1.0693. Today the market is consolidating under this level. An escape upwards and further falling to 1.0580 are expected. GBPUSD, “Great Britain Pound vs US Dollar” The currency pair has completed a wave of decline […]