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We introduce you to the daily updated section of Forex analytics where you will find reviews from forex experts, up-to-date monitoring of financial information as well as online forecasts of exchange rates of the US dollar, euro, ruble, bitcoin, and other currencies for today, tomorrow and this...
On the hourly chart, the GBP/USD pair fell below the 261.8% retracement level of 1.2303 on Thursday, and on Friday, it continues its decline towards the 1.2171 level. Bulls have been unable to break the bearish trend and are currently absent from the market. Following the declines on Wednesday...
On Thursday, the EUR/USD pair traded sideways, but holding below the support zone of 1.0336–1.0346 opens the door for continued decline towards the 127.2% retracement level at 1.0255. A rebound from this level would favor the euro and could lead to a rise towards the 1.0336–1.0346 zone, while a...
Canada supplies approximately 20% of the oil consumed in the US, so introducing 25% tariffs on Canadian goods could be a huge mistake. However, resisting Washington may prove challenging without strong political leadership in Canada. Let’s discuss it and make a trading plan for USD/CAD. Major...
Major Takeaways Main scenario: Consider long positions from corrections above the level of 1.2230 with a target of 1.2810 – 1.3054. A buy signal: the price holds above 1.2230. Stop Loss: below 1.2200, Take Profit: 1.2810 – 1.3054. Alternative scenario: Breakout and consolidation below the level...
Canada supplies approximately 20% of the oil consumed in the US, so introducing 25% tariffs on Canadian goods could be a huge mistake. However, resisting Washington may prove challenging without strong political leadership in Canada. Let’s discuss it and make a trading plan for USD/CAD. Major...
Major Takeaways Main scenario: Consider long positions from corrections above the level of 1.2230 with a target of 1.2810 – 1.3054. A buy signal: the price holds above 1.2230. Stop Loss: below 1.2200, Take Profit: 1.2810 – 1.3054. Alternative scenario: Breakout and consolidation below the level...
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As seen on the AUD/USD chart, yesterday the exchange rate fell below the level of 0.618 Australian dollars per 1 US dollar. The last time the Australian dollar was this weak was in April 2020, during the global spread of the coronavirus. The decline followed the release of inflation data from...
According to the BTC/USD chart today, the price of the leading cryptocurrency has fallen below its 30 December 2024 low near the $91,800 level, thereby marking a new low for 2025. Bearish sentiment may, in part, be driven by the US government’s reported intention to sell Bitcoin confiscated from...
In this technical article we’re going to take a quick look at the weekly Elliott Wave charts of Oil Futures (CL_F) , published in members area of the website. As many of our members are aware, the commodity has given us decent rally recently. In the following sections, we’ll delve into the...
The Canadian dollar started the week with strong gains but has shown little movement since then. In the European session, USD/CAD is trading at 1.4411, up 0.12% at the time of writing. We could see stronger movement from the Canadian dollar in the North American session, with the release of...
The yen is slightly higher on Friday. In the European session, USD/JPY is trading at 157.89, down 0.12% on the day. Japan’s household spending continues to decline Japanese consumers are holding tight on the purse strings and that could spell tr0uble for Japan’s fragile economy. Annually...
The NZD/USD pair has fallen to 0.5590 as of Friday, marking a two-year low driven by a strong US dollar and concerns over China’s economic performance. The decline in the New Zealand dollar comes ahead of the release of the US jobs report for December, a critical data point that will shape...
The Canadian dollar started the week with strong gains but has shown little movement since then. In the European session, USD/CAD is trading at 1.4411, up 0.12% at the time of writing. We could see stronger movement from the Canadian dollar in the North American session, with the release of...
The yen is slightly higher on Friday. In the European session, USD/JPY is trading at 157.89, down 0.12% on the day. Japan’s household spending continues to decline Japanese consumers are holding tight on the purse strings and that could spell tr0uble for Japan’s fragile economy. Annually...
The NZD/USD pair has fallen to 0.5590 as of Friday, marking a two-year low driven by a strong US dollar and concerns over China’s economic performance. The decline in the New Zealand dollar comes ahead of the release of the US jobs report for December, a critical data point that will shape...
As seen on the AUD/USD chart, yesterday the exchange rate fell below the level of 0.618 Australian dollars per 1 US dollar. The last time the Australian dollar was this weak was in April 2020, during the global spread of the coronavirus. The decline followed the release of inflation data from...
According to the BTC/USD chart today, the price of the leading cryptocurrency has fallen below its 30 December 2024 low near the $91,800 level, thereby marking a new low for 2025. Bearish sentiment may, in part, be driven by the US government’s reported intention to sell Bitcoin confiscated from...
In this technical article we’re going to take a quick look at the weekly Elliott Wave charts of Oil Futures (CL_F) , published in members area of the website. As many of our members are aware, the commodity has given us decent rally recently. In the following sections, we’ll delve into the...
Last month's decision to cut rates was a "close call"
The economic outlook now is much different from when the Fed started cutting rates last year
The risk that inflation might get stuck between 2.5% and 3% has increased
This matches up with their current policy stance as they are set to pause...
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Fundamental Overview
The S&P 500 has been stuck in a big range since the last FOMC decision as the market perceived it as more hawkish than expected.
The Fed continues to place a great deal on inflation progress to proceed with further rate cuts as highlighted by Fed’s Waller this week...