Tag: Roboforex
The British pound sterling, paired with the US dollar, is holding its ground. The current exchange rate for GBPUSD stands at 1.2794. Earlier published data indicated a 0.2% m/m increase in the UK’s GDP for January but a 0.3% y/y decrease, as expected. The country’s industrial production volume decreased by 0.2% month-on-month in January. The […]
The primary currency pair is consolidating on Thursday. The current exchange rate for EURUSD stands at 1.0940. US Treasury Secretary Janet Yellen expects a future decline in inflation, primarily due to the slowdown in housing price growth. Housing expenses are recognised to carry the most significant weight within the Consumer Price Index (CPI) structure, accounting […]
USDJPY, “US Dollar vs Japanese Yen” USDJPY quotes are below the 200-day Moving Average on H4, indicating a prevailing downtrend. The RSI is testing the resistance level. In this situation, the price is expected to rebound from the 5/8 (147.65) level and decline to the support at 3/8 (146.09). The scenario could be cancelled by […]
XAUUSD, “Gold vs US Dollar” Gold has formed a Shooting Star reversal pattern. Currently, the instrument is going by the reversal signal in a descending wave. The correction target could be 2135.00. After testing the support, the price might rebound and maintain its upward trajectory. However, the quotes could rise to 2190.00 without a correction. […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is rising after a rebound from the support. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the upper boundary of the Cloud at 1.2765 is expected, followed by a rise to 1.2935. An additional signal confirming the rise might be […]
The Australian dollar, paired with the US dollar, is observing the situation and is hardly moving on Wednesday. The current exchange rate for AUDUSD stands at 0.6613. Stronger-than-expected US price statistics exerted pressure on all currencies except the US dollar. These data worsened the prospect of the US Federal Reserve initiating a phase of monetary […]
The primary currency pair remains under pressure on Wednesday. The current exchange rate for EURUSD stands at 1.0925. Following the release of a stream of US price statistics, the market began favouring the dollar again. Investors were prompted to revise their expectations regarding this year’s interest rate prospects as inflation proved stronger than anticipated. The […]
EURUSD, “Euro vs US Dollar” The EURUSD pair completed a decline wave to 1.0900 and corrected to 1.0941. Practically, the market set the frames for a consolidation range. A decline link to 1.0878 is expected today. If this level breaks, the trend might extend to 1.0815, from which level a wave structure could reach 1.0778. […]
AUDUSD, “Australian Dollar vs US Dollar” AUDUSD quotes are above the 200-day Moving Average on H4, which indicates a prevailing uptrend. The RSI has rebounded from the support level. In this situation, the price is expected to surpass the 5/8 (0.6622) level, subsequently reaching the resistance at 8/8 (0.6713). The scenario could be cancelled by […]
The primary currency pair is poised for growth on Tuesday. The current EURUSD exchange rate stands at 1.0934. Investors are focused ahead of this week’s release of the most crucial statistics. The first of these – the US inflation reports for February – are scheduled for release today. The Consumer Price Index (CPI) may have […]