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EURUSD, “Euro vs US Dollar” EURUSD has completed a correction wave to 1.0884. Today the market is forming a structure of a decline wave to 1.0839. Once this level is reached, a narrow consolidation range is expected to form around this level. With an escape from the range upwards, a growth link to 1.0860 is […]

The primary currency pair remains in a state of consolidation. The current EURUSD exchange rate stands at 1.0847. Friday’s statistics revealed that the core PCE price index in the US dropped to 2.9% year-over-year in December. It was 3.2% y/y in November, and the forecast suggested a decrease to 3.0%. This indicates that the inflation […]

Oil Tanker Attacked in Red Sea Crude prices are in the spotlight as we start the new week following reports over the weekend of fresh violence in the Middle East. Despite the recent US and UK airstrikes on Houthi rebel sites in Yemen, the group carried out fresh missile attacks against ships in the Red […]

Crypto Rallying on Monday BTC futures are trading in green across the European morning on Monday, extending gains from Friday when the market saw a more than 6% rally. While still down around 13% on the year, the move back above 40345 support is an encouraging development for bulls. The move has been linked to […]

EURUSD, “Euro vs US Dollar” EURUSD quotes are below the 200-day Moving Average on H4, revealing the prevalence of a downtrend. The RSI has rebounded from the resistance line. In this situation, a downward breakout of the 1/8 (1.0803) level is expected, followed by a price decline to the support at 0/8 (1.0742). The scenario […]

The Japanese yen, paired with the US dollar, is firmly gripped in a sideways channel. The current USDJPY exchange rate stands at 148.07. Considering how volatile the yen usually is, the current state of affairs is surprising. The currency market is in a global state of consolidation. The US dollar is holding tight due to […]