EUR/USD, “Euro vs US Dollar”
Having completed the descending wave at 1.0808, EURUSD is correcting towards 1.0929 and may later start a new decline with the target at 1.0750.
GBP/USD, “Great Britain Pound vs US Dollar”
GBP/USD has finished the descending wave at 1.2975; right now, it is correcting towards 1.3142. Later, the market may form a new descending structure with the target at 1.2916.
USD/JPY, “US Dollar vs Japanese Yen”
USD/JPY has completed the descending wave at 125.42; right now, it is consolidating around this level. Today, the pair may break the range to the downside and resume trading downwards with the first target at 124.56.
USD/CHF, “US Dollar vs Swiss Franc”
USD/CHF is still correcting towards 0.9311. After that, the instrument may form one more ascending structure with the target at 0.9406.
AUD/USD, “Australian Dollar vs US Dollar”
AUD/USD has completed the ascending wave at 0.7465. Today, the pair may fall to break 0.7371 and then continue falling with the target at 0.7340.
Brent
Brent is still growing towards 111.83. Later, the market may correct to reach 108.40 and then resume moving within the uptrend with the short-term target at 119.00.
XAU/USD, “Gold vs US Dollar”
After rebounding from 1964.32, Gold continues growing towards 1987.40. Later, the market may start a new correction to reach 1964.40 and then resume trading upwards with the short-term target at 2013.00.
S&P 500
The S&P index continues growing towards 4485.0. After that, the instrument may resume trading downwards with the first target at 4333.3.
Before you enter foreign exchange and stock markets, you have to remember that trading currencies and other investment products is trading in nature and always involves a considerable risk. As a result of various financial fluctuations, you may not only significantly increase your capital, but also lose it completely. Therefore, our clients have to assure RoboForex that they understand all the possible consequences of such risks, they know all the specifics, rules and regulations governing the use of investment products, including corporate events, resulting in the change of underlying assets. Client understands that there are special risks and features that affect prices, exchange rates and investment products.
Recommended Content
Editors’ Picks
AUD/USD traders seem non-committed around 0.6500 amid mixed cues
AUD/USD extends its consolidative price move just above 0.6500 on Friday. The RBA's hawkish and upbeat market mood supports the Aussie, though mixed Australian PMI prints fail to inspire bulls. Moreover, bets for a slower Fed rate-cut path continue to fuel the post-US election USD rally and cap the currency pair.
USD/JPY slides to 154.00 as higher Japanese CPI fuels BoJ rate-hike bets
USD/JPY languishes near 154.00 following the release of a slightly higher-than-expected Japan CPI print, which keeps the door open for more rate hikes by the BoJ. That said, the risk-on mood, along with elevated US bond yields, could act as a headwind for the lower-yielding JPY and limit losses for the pair amid a bullish USD, bolstered by expectations for a less dovish Fed and concerns that Trump's policies could reignite inflation.
Gold price advances to near two-week top on geopolitical risks
Gold price touched nearly a two-week high during the Asian session as the worsening Russia-Ukraine conflict benefited traditional safe-haven assets. The weekly uptrend seems unaffected by bets for less aggressive Fed policy easing, sustained USD buying and the prevalent risk-on environment
Ethereum Price Forecast: ETH open interest surge to all-time high after recent price rally
Ethereum (ETH) is trading near $3,350, experiencing an 10% increase on Thursday. This price surge is attributed to strong bullish sentiment among derivatives traders, driving its open interest above $20 billion for the first time.
A new horizon: The economic outlook in a new leadership and policy era
The economic aftershocks of the COVID pandemic, which have dominated the economic landscape over the past few years, are steadily dissipating. These pandemic-induced economic effects are set to be largely supplanted by economic policy changes that are on the horizon in the United States.
Best Forex Brokers with Low Spreads
VERIFIED Low spreads are crucial for reducing trading costs. Explore top Forex brokers offering competitive spreads and high leverage. Compare options for EUR/USD, GBP/USD, USD/JPY, and Gold.