News

EURUSD, “Euro vs US Dollar” The currency pair failed to break the level of 1.0677 and secure below it. The market has returned to 1.0703 and, breaking this level upwards, suggests continuing the correction to 1.0740. After it reaches this level, a new wave of decline could develop to 1.0620. GBPUSD, “Great Britain Pound vs […]

XAUUSD, “Gold vs US Dollar” Gold has formed an Engulfing reversal pattern near the support level. Currently, the instrument might go by the reversal signal in a corrective wave. The growth target could be 1958.50. Upon testing the resistance level, the price might rebound from it and continue the downtrend. However, the quotes could drop […]

Hawkish Risks into FOMC On the back of surprise rate hikes from the RBA and BOC this week, traders are mulling the prospect of the Fed opting to retain a hawkish stance at the upcoming FOMC. Odds for a further hike in June have jumped to around 35% from less than 20% at the start […]

BOC Hikes Again The Bank of Canada yesterday caught markets somewhat off-guard as it announced a fresh rate hike, the first since pausing its tightening campaign in January. The BOC hiked rates from 4.5% to 4.75%, their highest level in 22 years, and signalled the likely need for further hikes moving forward. Ahead of the […]

GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is testing the signal lines of the indicator. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the lower border of the Cloud at 1.2410 is expected, followed by a rise to 1.2620. An additional signal confirming the rise will be […]

The Australian dollar, in the pair with the US dollar, remains in an uptrend. The current AUDUSD quote is at 0.6672. At the same time, the news from the Australian side is not cheerful at all. The country’s GDP grew by 0.2% quarter-on-quarter in Q1 2023. This is the weakest quarterly growth since September 2021. […]