EUR/USD, “Euro vs US Dollar”
EURUSD is consolidating around 1.0170. Possibly, today the pair may expand the range down to 1.0142 and then correct to reach 1.0222. After that, the instrument may start another decline with the target at 1.0080.
GBP/USD, “Great Britain Pound vs US Dollar”
After completing the ascending wave at 1.2141 along with the descending structure towards 1.2060, GBPUSD has formed a new consolidation range around the latter level. Possibly, the pair may break the range to the downside and form a new descending wave with the target at 1.1975.
USD/JPY, “US Dollar vs Japanese Yen”
USDJPY is falling towards 134.04. Later, the market may form one more ascending wave to reach 134.74 and then resume trading downwards with the target at 133.00.
USD/CHF, “US Dollar vs Swiss Franc”
Having finished the ascending wave at 0.9542 along with the descending impulse towards 0.9497, USDCHF is forming a new consolidation range above the later level. Possibly, the pair may break the range to the downside and correct with the target at 0.9475.
AUD/USD, “Australian Dollar vs US Dollar”
AUDUSD has completed the descending wave at 0.6911. Today, the pair may grow towards 0.6960, or even extend this correction to test 0.7000 from below. After that, the instrument may resume falling with the target at 0.6900.
Brent
Brent is forming the ascending structure towards 95.00 along with the descending wave towards 93.00, thus forming a new consolidation range around the latter level. Possibly, today the asset may expand the range down to 91.60. Later, the market may resume trading upwards with the target at 96.55, or even extend this structure up to 101.11.
XAU/USD, “Gold vs US Dollar”
Gold has broken the consolidation range downwards. Possibly, the metal may reach 1757.11 and then grow to test 1780.00 from below. Later, the market may form a new descending wave with the target at 1751.55.
S&P 500
The S&P index is falling towards 4248.4. After that, the instrument may start a new correction up to 4288.0 and then resume falling with the short-term target at 4161.0.
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USD/JPY recovers to 143.00 amid volatile trading
USD/JPY is trimming losses to retake 143\.00 in Monday's Asian trading. The US Dollar pauses its latest leg down, with traders digesting Trump's tariff news from the weekend. However, the Fed-BoJ policy divergence expectations underpin the Japanese Yen, keeping the weight intact on the pair.
Gold retreats from record highs of $3,245 as US Dollar finds its feet
Gold is rereating from record highs of $3,245 early Monday, extending Friday's late pullback. Reducded demand for safe-havens and a broad US Dollar rebound undermine the yellow metal amid the news of not-so-steep US tariffs on China's semiconductors and electronics.
Week ahead: ECB set to cut, BoC might pause as Trump U-turns on tariffs
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Is a recession looming?
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