TRENDING:

XAU/USD

Silver

Forex technical analysis and forecast: Majors, equities and commodities

RoboForex Team RoboForex

EUR/USD, “Euro vs US Dollar”

The currency pair formed a consolidation range around 1.0330 and with an escape upwards extended the structure of growth to 1.0445. Thus the market suggests considering continuation of the wave to 1.0590. Today a link of decline to 1.0330 (a test from above) is expected, followed by growth to 1.0500 and possibly to 1.0590.

GBP/USD, “Great Britain Pound vs US Dollar”

The currency pair broke through 1.1937 upwards and today has reachee a local goal of the growth structure at 1.2100. A consolidation range is expected to form under this level. With an escape downwards, the pair may correct to 1.1937, testing it from above, and then grow to 1.2112.

USD/JPY, “US Dollar vs Japanese Yen”

The currency pair has formed a consolidation range around 139.95 and with an escape downwards continues forming a structure of decline to 138.30. After this level is reached, a link of growth to 139.95 (a test from below) and a decline to 137.66 might follow.

USD/CHF, “US Dollar vs Swiss Franc”

The currency pair formed a consolidation range around 0.9489 and with an escape downwards reached a local goal at 0.9388. Today it may correct to 0.9488 (a test from below) and fall to 0.9380.

AUD/USD, “Australian Dollar vs US Dollar”

The currency pair formed a consolidation range around 0.6700 and with an escape upwards reached a local goal at 0.6764. Today it may correct to 0.6700 (a test from above) and then grow to 0.6818.

Brent

Crude oil continues declining to 81.15. After this level is reached, a link of growth to 89.50 should follow., from where the asset may drop to 77.10.

XAU/USD, “Gold vs US Dollar”

Gold has formed a consolidation range around 1747.66. With an escape upwards, a goal of 1756.70 has been reached. Today a link of decline to 1747.66 (a test from above) is not excluded, followed by growth to 1775.00.

S&P 500

The stock index has broken through 3997.7 upwards and suggests extending the structure of growth to 4080.4. After this level is reached, a wave of decline to 3934.0 should start and may even be extended to 3777.7.

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RoboForex Team

RoboForex

RoboForex Team is a group of professional financial experts with high experience on financial market, whose main purpose is to provide traders with quality and up-to-date market information.

EUR/USD flirts with daily highs, retargets 1.1900

EUR/USD regains upside traction, returning to the 1.1880 zone and refocusing its attention to the key 1.1900 barrier. The pair’s slight gains comes against the backdrop of a humble decline in the US Dollar as investors continue to assess the latest US CPI readings and the potential Fed’s rate path.

GBP/USD remains well bid around 1.3650

GBP/USD maintains its upside momentum in place, hovering around daily highs near 1.3650 and setting aside part of the recent three-day drop. Cable’s improved sentiment comes on the back of the Greenback’s irresolute price action, while recent hawkish comments from the BoE’s Pill also collaborate with the uptick.

Gold clings to gains just above $5,000/oz

Gold is reclaiming part of the ground lost on Wednesday’s marked decline, as bargain-hunters keep piling up and lifting prices past the key $5,000 per troy ounce. The precious metal’s move higher is also underpinned by the slight pullback in the US Dollar and declining US Treasury yields across the curve.

Crypto Today: Bitcoin, Ethereum, XRP in choppy price action, weighed down by falling institutional interest

Bitcoin's upside remains largely constrained amid weak technicals and declining institutional interest. Ethereum trades sideways above $1,900 support with the upside capped below $2,000 amid ETF outflows.

Week ahead – Data blitz, Fed Minutes and RBNZ decision in the spotlight

US GDP and PCE inflation are main highlights, plus the Fed minutes. UK and Japan have busy calendars too with focus on CPI. Flash PMIs for February will also be doing the rounds. RBNZ meets, is unlikely to follow RBA’s hawkish path.

Ripple Price Forecast: XRP potential bottom could be in sight

Ripple edges up above the intraday low of $1.35 at the time of writing on Friday amid mixed price actions across the crypto market. The remittance token failed to hold support at $1.40 the previous day, reflecting risk-off sentiment amid a decline in retail and institutional sentiment.