Latest Market News
EURUSD, “Euro vs US Dollar” The EURUSD pair is currently in a consolidation phase around 1.0650 without any strong trend. A price rise to 1.0693 is not ruled out, followed by a decline to the local target of 1.0585. After the price reaches this level, a correction to 1.0733 could start, followed by a decline […]
The British pound appears very weak against the US dollar. The current GBPUSD exchange rate stands at 1.2344. The pound is vulnerable due to the difference in the US and UK government bond yields, disparate economic prospects, and technical signals. GBP has been under pressure since mid-March, when the US dollar strengthened significantly. The Federal […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is testing the Kijun-Sen line. The instrument is going below the Ichimoku Cloud, which suggests a bearish trend. A test of the lower boundary of the Cloud at 1.2365 is expected, followed by a decline to 1.2245. An additional signal confirming the decline will be a rebound […]
The Japanese yen, paired with the US dollar, paused in the morning but has since resumed its decline. The current USDJPY exchange rate stands at 154.78. Today, the USDJPY pair reached a new 34-year high of 154.80, prompting further commentary from Japanese policymakers within the framework of verbal interventions. Japan’s finance minister, Shunichi Suzuki, referred […]
EURUSD, “Euro vs US Dollar” The EURUSD pair is correcting after a rebound from the signal lines of the indicator. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of lower boundary of the Cloud at 1.0675 is expected, followed by a decline to 1.0535. An additional signal confirming the […]
EURUSD, “Euro vs US Dollar” EURUSD quotes are below the 200-day Moving Average on D1, indicating a prevailing downtrend. The RSI is approaching the resistance line. In this situation, the price is expected to test the 4/8 (1.0772) level, rebound from it, and decline to the support at 2/8 (1.0498). The scenario might be cancelled […]