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EUR Under Pressure EURUSD fell sharply on Friday in response to the latest UoM consumer data. Consumer inflation expectations were seen soaring to 12-year highs of 3.2% last month. The rise comes despite CPI heading lower and reflects the view that consumers now believe inflation will remain entrenched around higher levels. Against this backdrop, traders […]

EURUSD, “Euro vs US Dollar” The currency pair has completed a wave of decline to 1.0844. Today the market is forming a consolidation range above this level. A structure of growth could develop to 1.0920, followed by a decline to 1.0833. If the price breaks the range upwards, the potential for a rise to 1.0950 […]

EURUSD, “Euro vs US Dollar” On H4, EURUSD quotes have broken the 200-day Moving Average and are now below it, indicating the development of a downtrend. However, the RSI has reached the oversold area. As a result, the pair is expected to break 2/8 (1.0864) and rise to the resistance at 5/8 (1.0925). The scenario […]

Amazon Shares Rallying Shares in Amazon are trading higher ahead of the open on Monday amidst a general improvement in risk sentiment. Following a decent rally across Thursday and Friday last week, the US Dollar has started the new week with a weaker tone, allowing for a pickup in risk appetite. This improved appetite is […]

After reaching a maximum level last week since the beginning of April, the dollar retraced on Monday, previously breaking upward from below a bearish channel that began in October 2022. An interesting idea now emerges of a bullish breakout as an early signal for the dollar reversal: For EURUSD, a buy signal emerged, at least […]

XAUUSD, “Gold vs US Dollar” Near the support level, gold has formed an Engulfing reversal pattern. Currently, the instrument is going by the reversal signal in an ascending wave. The growth target might be 2040.00. Upon testing the resistance, the price might break it and continue the uptrend. However, the quotes could pull back to […]