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EURUSD, “Euro vs US Dollar” The currency pair has formed a consolidation range around the 1.0830 level and, exiting downwards, continues developing a structure of decline to the 1.0570 level. The target is local. After the quotes reach it, a correction to 1.0830 (a test from below) could start, followed by another wave of decline […]
The Australian dollar continues to decline against the US dollar. The current AUDUSD quote is 0.6488. The Aussie is under increased pressure from a strong USD, and the flow of Chinese statistics. Official reports published by China yesterday reflected a deterioration in the country’s economic activity. China remains Australia’s main trade and economic partner, so […]
EUR Under Pressure Selling in EURUSD has continued to build on Wednesday with the latest data out of the eurozone showing that inflation in France and Germany slowed more than expected last month. In a further sign that overall eurozone CPI is falling further, EURUSD is pushing lower. Part of this Is the resurgence in […]
Daily Market Outlook, May 31, 2023 Most Asian equity markets traded lower as they took cues from a mixed handover from Wall Street. Investor sentiment was clouded by opposition to the debt ceiling bill from hardliners, leading to subdued risk appetite ahead of the first vote in the House later today. Additionally, market participants digested […]
About 4XC 4XC is a financial brokerage service company that has operated in the Cook Islands since 2018. The broker expands its services to all the traders around the world, however we can see that they are advertising in Brazil, Nigeria and other LATAM countries. 4XC claims that it offers a wide range of tradable […]
USDCAD, “US Dollar vs Canadian Dollar” On H4, the currency pair has formed a Hanging Man reversal pattern. Currently, the instrument is going by the reversal signal in a descending wave. The decline target might be 1.3510. Next, the price could break the level and continue the downtrend. However, the quotes could correct to 1.3635 […]