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EURUSD is hardly moving. The current quote is 1.0730. The market has lived through serious changes in the moods – from panicking about statistics to becoming neutral again. This is time to get your nerve back. Meanwhile, inflation remains one of the crucial topics. For example, an ECB representative Klaas Knot voiced yesterday that the […]

USDCHF, “US Dollar vs Swiss Franc” On H4, the quotes are under the 200-day Moving Average, revealing prevalence of a downtrend. The RSI is testing the support level. A downward breakaway of 2/8 (0.9155) is expected, followed by falling to the support level of 1/8 (0.9094). The scenario can be cancelled by rising over the […]

Newly minted dollar bulls after the NFP report did not hear anything encouraging from Powell on Tuesday, but other Fed representatives tried to meet market’s request for hawkish comments. Four Fed officials, who are at different positions on the spectrum of hawks and doves, have indicated that it is necessary to raise rates above 5%, […]

Jay Powell chose not to rock the markets yesterday, acknowledging that stronger economic data could lengthen the tightening cycle, while also saying that 2023 will be “a year of slowing inflation”. The dollar still faces moderate upside risks this week, but stabilization looks more likely today. Fed Chairman Jerome Powell’s speech yesterday did not contain […]

EURUSD, “Euro vs US Dollar” The currency pair continues developing a consolidation range around 1.0711. A link of growth to 1.0777 is not excluded, followed by falling to 1.0615. The goal is local. GBPUSD, “Great Britain Pound vs US Dollar” The currency pair continues forming a consolidation range around 1.2044. Today a link of growth […]

EURUSD, “Euro vs US Dollar” On H4, at the support level, the pair has formed a Hammer reversal pattern. The instrument may now go by the signal in an ascending wave. The goal of the growth might be 1.0825. However, the pair may pull back to 1.0700, bounce off it and continue the uptrend after […]