FX Weekly Recap: July 22 – 26, 2024
Friday, July 26,2024,19:07
The Japanese yen found itself at the top of the daily leaderboard thanks to calls for BOJ tightening and a big return in broad negative risk sentiment. .. read more..
Global Market Weekly Recap: July 22 – 26, 2024
Friday, July 26,2024,19:04
Market correlations fell in & out of sync & broad risk vibes were soured as traders juggled several major market narratives, including fears of a slowdown in China. .. read more..
Dollar Edges Lower After PCE Data
Friday, July 26,2024,17:06
The U.S. dollar edged lower on Friday amid rising prospects of an interest rate cut by the Federal Reserve in September after the latest readings on the nation's inflation. .. read more..
Dollar treads water after tame US inflation report, yen rally stalls
Friday, July 26,2024,17:00
The dollar ended little changed on Friday, pressured by a fall in Treasury yields after a tame U.S. inflation report that investors said kept the runway for the expected September Federal Reserve easing clear. The Commerce Department’s June personal consumption expenditures (PCE) price index nudged up 0.1%, as expected, after being unchanged in May, underscoring ... .. read more..
A technical look at each of the major currency pairs heading into the new tra...
Friday, July 26,2024,16:57
EURUSD USDJPY: GBPUSD: USDCHF: USDCAD: AUDUSD and NZDUSD This article was written by Greg Michalowski at www.forexlive.com. .. read more..
US stocks move lower as the week moves toward the close
Friday, July 26,2024,15:14
The US stocks are moving lower with the broader S&P and Nasdaq indices below the midpoint of the days trading ranges. The indices still remain higher on the day, but in a week that has seen sharp moves lower, the leaking back to the downside is a disappointment. Looking at the Nasdaq, it is still up 144 points or 0.88%, but was up 272 points at the high with a low at +58 points. Technically,the price is trading back below the 38.2% at 17353. That level will be a barometer for buyers and sellers. The S&P was up as much as 89 points and as low as up 31.47 points. It is currently up 55 points or 1.07%. Technically, the low price this week stalled near the 38.2% near 5394.43. That is ... .. read more..
Markets Weekly Outlook: Central Banks and US Earnings. Will the BoJ Hike Rates?
Friday, July 26,2024,13:47
Global markets experienced a volatile week, influenced by a tech selloff, China growth concerns, and anticipation of central bank decisions and US earnings reports Despite the volatility and tech led selloff, US equity funds saw inflows. Central bank meetings, particularly the FOMC and BoJ, and US NFP data will be key drivers of market sentiment […] .. read more..
Baker Hughes oil rig count +5 to 482.
Friday, July 26,2024,13:11
The Baker Hughes rig count for the current week is showing: Oil rigs +5 to 482 Gas -2 to 101 Total rigs, +3 to 589 The price of crude oil is down $1.28 on the week or -1.63%. Looking at the daily chart, the price of crude oil remains below the 200-day MA (green line) at $78.66. The high price today reached $78.60 just below that level. Getting above the 200-day moving average would give the buyers some added confidence. Staying below the level keeps the sellers in play and more in control. This article was written by Greg Michalowski at www.forexlive.com. .. read more..
Microsoft (MSFT) Stock Forecast & Predictions for 2024, 2025–2026 and Beyond
Friday, July 26,2024,13:05
Microsoft Corporation, a cornerstone in the tech industry, has consistently demonstrated resilience and innovation, making its stock (MSFT) a key player in many investors' portfolios. However, like other IT giants, Microsoft encounters occasional difficulties. One such massive and unprecedented outage occurred on July 19, 2024, when 8.5 million Windows computers worldwide stopped working. The problem was not Microsoft's operating system but an automatic update to an antivirus program from CrowdStrike. How did the outage affect Microsoft's stock price? What kind of losses did it cause, and how many companies were affected? This article provides expert MSFT stock price forecasts for... Rea... .. read more..
EUR/USD: Trading Plan for the US Session on July 26 (Analysis of Morning Trades)
Friday, July 26,2024,12:55
In my morning forecast, I paid attention to the level of 1.0847 and planned to make trading decisions from it. Let's look at the 5-minute chart and see what happened there. A decline and the formation of a false breakout provided a buying point for the euro, resulting in the pair rising to around 1.0870, yielding about 20 points of profit. The technical picture for the second half of the day has hardly been revised. For Opening Long Positions on EUR/USD: We are expecting very interesting statistics from the US, but the reaction to them may be much more restrained than to yesterday's GDP data. The core personal consumption expenditures index and the levels of consumer spending and income i... .. read more..
USDCHF bounces as flight to safety flows abate. What levels are in play going...
Friday, July 26,2024,12:52
The USDCHF moved lower this week helped by flight to safety flows after strong selling in the equity markets. That move lower, took the price back below its 200 day moving average near 0.8883, and the 38.2% retracement of the move-up from the December low also at that level. More momentum took the price below a swing area near 0.8819, and when that was broken, down to the 50% midpoint of the same move higher from the December 2023 low at the 0.8777 level. Technically, buyers leaned against that level - helped by rebounding stocks today - and the price of the USDCHF has moved back above the aforementioned level at 0.8819. So overall, There is strong support at the 50% midpoint at 0.8777. T... .. read more..
GBP/USD: Simple Trading Tips for Beginner Traders on July 26 (US Session)
Friday, July 26,2024,12:31
Analysis of Trades and Tips for Trading the British Pound The test of the 1.2872 price occurred when the MACD indicator had moved significantly above the zero mark, limiting the pair's further upward potential. For this reason, I did not buy the pound while the trend was downward, and I was correct. The second test of this price allowed me to enter the market to sell the pound, as the MACD indicator was already in the overbought area and decreasing. As a result, the pair declined by 20 points. Ahead, we have a lot of important data. Expected figures include the core personal consumption expenditures index, changes in consumer spending levels, changes in US household income levels, the Uni... .. read more..
EUR/USD: Simple Trading Tips for Beginner Traders on July 26 (US Session)
Friday, July 26,2024,12:16
Analysis of Trades and Tips for Trading the Euro The test of the 1.0851 price occurred when the MACD indicator had moved significantly below the zero mark, limiting the pair's further downward potential. For this reason, I did not sell the euro. A second test of this price allowed me to enter the market with a buy order for the euro, resulting in a 15-point rise in the pair. Ahead, we have a lot of important data. Expected figures include the core personal consumption expenditures index, changes in consumer spending levels, changes in US household income levels, the University of Michigan consumer sentiment index, and inflation expectations. Weak US economic data will lead to a strengthen... .. read more..
GBP/USD Analysis on July 26. Market Maintains Downward Momentum
Friday, July 26,2024,12:02
The wave pattern for GBP/USD remains quite complex and ambiguous. For a while, the wave structure looked convincing, suggesting the formation of a downward wave set with targets below the 1.2300 level. However, in practice, demand for the US currency increased too strongly to realize this scenario. Currently, the wave pattern has become completely unreadable. I strive to use simple structures in my analysis, as complex ones have too many nuances and ambiguities. We are now seeing an upward wave that has overlapped a downward wave, which in turn overlapped the previous upward wave, which overlapped the previous downward wave. The only assumption is an expanding triangle with the upper boun... .. read more..
XAU/USD. Review and Analysis
Friday, July 26,2024,11:21
Today, the precious metal is gaining some positive momentum and appears to have halted a two-day losing streak in response to US macroeconomic data. The better-than-expected GDP report released on Thursday aligned with the view of a strong economy. According to additional data, inflation slowed in the second quarter of 2024, bringing some stability to financial markets. Consequently, this diverted funds away from the traditionally safe-haven precious metal. However, amid expectations that the Federal Reserve will begin its rate-cutting cycle in September, the XAU/USD pair has shown some resilience below the 50-day Simple Moving Average (SMA) These expectations also keep the US dollar belo... .. read more..
Trading Signals for GBP/USD for July 26-29, 2024: buy above 1.2860 (21 SMA - ...
Friday, July 26,2024,11:09
The British pound (GBP/USD) is trading around 1.2854, bouncing back after forming a double bottom pattern, which means that there could be a technical bounce in the next few days only if the pair consolidates above 1.2860. If the pound breaks the secondary downtrend channel, we could expect an upward acceleration and GBP/USD could reach the 200 EMA located at 1.2902 and even 6/8 Murray located at 1.2963. Our outlook could be positive as we believe that the GBP/USD pair is showing signs of exhaustion. So, the bullish cycle is likely to resume in the coming days. In the meantime, we could look for opportunities to buy above the 21 SMA with the target at the psychological level of 1.30. If t... .. read more..
USDCAD. Is it a break or is it not? Well a little of both. A technical look ...
Friday, July 26,2024,11:08
The USDCAD broke above the "Red Box" that I have been talking about for weeks and weeks. That led to buying yesterday, but the high extreme price from April could not be broken convincingly and there was a rotation lower. However, buyers did come in near the high of the "Red Box" (see chart below and the video of course). That kept the buyers and play and the price has since rotated back to the swing high from April. Get and stay above that level increases the bullish bias. In a video look ahead to what would happen on further upside momentum and explain why. So overall, there was a break in USDCAD but there is work to do. This article was written by Greg Michalowski at www.forexlive.com. .. read more..
Trading Signals for EUR/USD for July 26-29, 2024: buy if breaks 1.0665 (21 SM...
Friday, July 26,2024,10:43
Early in the American session, the EUR/USD pair is trading at 1.0860, above the 200 EMA, and above the 21 SMA with a slightly bullish bias. According to the H4 chart, the euro is approaching a strong resistance located at 2/8 of Murray around 1.0864. If the euro breaks the downtrend channel and consolidates above 1.0865, we could look for buying opportunities, with targets at 1.0925 and 1.0986. Below 4/8 Murray, we could clearly sell and place a stop loss above this area as the Euro is still trading within the downtrend channel and could resume its bearish cycle. Since the eagle indicator is showing a positive signal and any pullback is highly possible as long as EUR/USD trades above 1.08... .. read more..
AUDUSD is bouncing after exhausting momentum. NZDUSD has a small bounce. Not ...
Friday, July 26,2024,10:41
The AUDUSD and NZDUSD have been running in tandem this week to the downside, but the NZDUSD has seen more downside momentum. Yesterday, the AUDUSD fell below its key 200 day moving average and 50% retracement near 0.6583 and 0.6579 respectively. The price then increase momentum with a break below the 61.8% retracement of the move up from the April low at 0.65283. However momentum quickly shifted back to the upside on dip buying, and when the price moved back above the 61.8% retracement (at 0.65283 - see chart below), the shorts started to cover. That move higher has continued today with the price reaching a high of 0.6568. Going forward in the AUDUSD, it still takes a move above the 50% r... .. read more..
U.S. Consumer Sentiment Index Dips Slightly Less Than Previously Estimated In...
Friday, July 26,2024,10:24
The University of Michigan released revised data on Friday showing consumer sentiment in the U.S. deteriorated by slightly less than previously estimated in the month of July. The report said the consumer sentiment index for July was upwardly revised to 66.4 from the preliminary reading of 66.0. Economists had expected the reading to be unrevised. .. read more..
Trading Signals for GOLD (XAU/USD) for July 26-29, 2024: buy above $ 2,375 (2...
Friday, July 26,2024,10:19
Early in the American session, Gold is trading around 2,373, around the 200 EMA, and around 4/8 Murray with a technical bounce. On the H4 chart, we can see that Gold reached the bottom of the downtrend channel around 2,350. From this level, Gold made a strong technical bounce and is currently showing a positive signal. We suppose that if it consolidates above 2,375 in the next few hours, the price could continue its rise and reach 2,390 and even the top of the downtrend channel around 2,405. Gold could resume its bearish cycle if it consolidates below 2,375. Then, it could reach 61.8% Fibonacci level around 2,368 and even 3/8 of Murray at 2,343. Since the eagle indicator is showing overso... .. read more..
EUR/USD Mid-Day Outlook
Friday, July 26,2024,09:47
Daily Pivots: (S1) 1.0825; (P) 1.0848; (R1) 1.0867; More….. Intraday bias in EUR/USD remains neutral at this point. Deeper fall is in favor as long as 1.0896 minor resistance holds. Below 1.0825 will target 55 D EMA (now at 1.0813). Sustained break there will argue that whole rebound from 1.0601 has completed with three waves […] The post EUR/USD Mid-Day Outlook appeared first on Action Forex . .. read more..
GBP/USD Mid-Day Outlook
Friday, July 26,2024,09:45
Daily Pivots: (S1) 1.2822; (P) 1.2876; (R1) 1.2903; More… No change in GBP/USD’s outlook and intraday bias stays neutral. Further rally is expected with 1.2859 resistance turned support intact. Break of 1.3043 will resume the rise from 1.2298. However, firm break of 1.2859 will turn bias to the downside for deeper decline to 55 D […] The post GBP/USD Mid-Day Outlook appeared first on Action Forex . .. read more..
USD/CHF Mid-Day Outlook
Friday, July 26,2024,09:42
Daily Pivots: (S1) 0.8776; (P) 0.8818; (R1) 0.8858; More… Intraday bias in USD/CHF is turned neutral with current recovery, and some consolidations would be seen above 0.8776 temporary low. Risk will stay on the downside as long as 0.8923 resistance holds. Break of 0.8776 will extend the fall from 0.9223 to 61.8% retracement of 0.8332 […] The post USD/CHF Mid-Day Outlook appeared first on Action Forex . .. read more..
U.S. Consumer Prices Inch Up 0.1% In June, In Line With Estimates
Friday, July 26,2024,09:27
Consumer prices in the U.S. crept up in line with economist estimates in the month of June, according to a highly anticipated report released by the Commerce Department on Friday. The Commerce Department said its personal consumption expenditures (PCE) price index inched up by 0.1 percent in June after coming in unchanged in May. The uptick by the index matched expectations. .. read more..
Kickstart the FX trading day for July 26 w/a technical look at the EURUSD, US...
Friday, July 26,2024,09:20
In the kickstart video for July 26, 2024, I take a look at three other major currency pairs from a technical perspective - the EURUSD, USDJPY and GBPUSD. The EURUSD is trading up and down over the last three trading days. In the buyer's favor, the low price today stalled ahead of its 38.2% retracement of the move-up from the June low. That level comes in at 1.08394. Moving below that level would increase the bearish bias and have traders looking toward the 200-day moving average 1.0815. On the top side, the 1.0872 area is a swing level. Watch the video and find out about it. The USDJPY is seeing some upside momentum today after it held a key support level yesterday (finally). The USDJPY f... .. read more..
USD/JPY Mid-Day Outlook
Friday, July 26,2024,09:11
Daily Pivots: (S1) 152.48; (P) 153.40; (R1) 154.86; More… Intraday bias in USD/JPY remains neutral as consolidations continue above 151.93 temporary low. Risk will stay on the downside as long as 155.36 support turned resistance holds. Decisive break of 151.89 resistance turned support will argue that large scale correction is underway to 148.66 fibonacci level. […] The post USD/JPY Mid-Day Outlook appeared first on Action Forex . .. read more..
Russia Central Bank Hikes Rate By 200 Bps
Friday, July 26,2024,08:27
Russia's central bank raised its benchmark rate by 200 basis points on Friday amid rising risks to inflation and slower domestic demand, and also kept the door open for further tightening. The board of directors, led by Governor Elvira Nabiullina, decided to lift the key rate to 18.00 percent from 16.00 percent. .. read more..
XAUUSD: Elliott wave analysis and forecast for 26.07.24 – 02.08.24
Friday, July 26,2024,08:25
Highlights and key points Main scenario: consider long positions above the level of 2291.67 with a target of 2560.00 – 2650.00 once a correction is over. A buy signal: after the level of 2291.67 is broken. Stop Loss: 2250.00; Take Profit: 2650.00. Alternative scenario: breakout and consolidation below the level of 2291.67 will allow the pair to continue declining to the levels of 2161.56 – 1988.70. A sell signal: after the level of 2291.67 is broken. Stop Loss: 2330.00; Take Profit: 1988.70. Main scenario Consider long positions above the level of 2291.67 with a target of 2560.00 – 2650.00 once... Read full author’s opinion and review in blog of #LiteFinance .. read more..
The AUD is the strongest and the JPY is the weakest as the NA session begins.
Friday, July 26,2024,08:08
As the North American session begins, the AUD is the strongest and the JPY is the weakest. That combination reverses what has been more of a familiar theme with the AUD (or NZD) weakest and the JPY the strongest. Not surprisingly, there is a rebound in US stocks in the pre-market which is helping the reversal. The Nasdaq is up 200 points (currently) in premarket futures trading. That reverses the -160 point decline from yesterday. Nevertheless, the major US indices are on pace for a declines this week. The unwind of the USDJPY and the so called "carry trade" where some investors borrow the yen at low rates to invest in USD assets (or other countries assets) for better returns,has been an ... .. read more..
Forecast of EUR/USD on July 26, 2024
Friday, July 26,2024,08:05
On Thursday, the EUR/USD pair returned to the 76.4% Fibonacci level at 1.0858, and on Friday, it made another return to this level. A rebound from 1.0858 would benefit the US dollar and resume the decline towards the 61.8% Fibonacci level at 1.0822. Consolidation of the pair above 1.0858 will increase the likelihood of continued growth towards the next corrective level at 1.0917. The wave situation has become somewhat more complex but remains largely clear. The last upward wave broke the peak of the previous wave and can be considered complete. Thus, the bears have begun forming a corrective wave. To reverse the "bullish" trend, the bears need to break the low of the previous downward wav... .. read more..
WTI Crude Oil: Elliott wave analysis and forecast for 26.07.24 – 02.08.24
Friday, July 26,2024,07:55
Highlights and key points Main scenario: consider short positions from corrections below the level of 83.33 with a target of 72.30 – 67.60. A sell signal: after the level of 83.33 is broken. Stop Loss: 85.00; Take Profit: 67.60. Alternative scenario: breakout and consolidation above the level of 83.33 will allow the asset to continue rising to the levels of 90.95 – 95.25. A buy signal: after the level of 83.33 is broken. Stop Loss: 82.00; Take Profit: 95.25. Main scenario Consider short positions from corrections below the level of 83.33 with a target of 72.30 – 67.60. Alternative scenario... Read full author’s opinion and review in blog of #LiteFinance .. read more..
Forecast of GBP/USD on July 26, 2024
Friday, July 26,2024,07:52
On the hourly chart, the GBP/USD pair consolidated below the zone of 1.2892–1.2931 on Thursday, allowing for further decline towards the next support zone of 1.2788–1.2801. I still do not consider the possibility of the pound rising for now, as the pair recently consolidated below the upward trend channel. A rebound from the zone of 1.2788–1.2801 may signal a minor rise for the pound. The wave situation changed last week. The last completed downward wave (which started forming on June 12) managed to break the low of the previous downward wave, and the last upward wave managed to break the peak of the previous upward wave. Thus, we are currently dealing with a "bullish" trend. The pound's ... .. read more..
USDJPY: Elliott wave analysis and forecast for 26.07.24 – 02.08.24
Friday, July 26,2024,07:25
Highlights and key points Main scenario: consider long positions from corrections above the level of 151.85 with a target of 165.00 – 170.00. A buy signal: after the level of 151.85 is broken. Stop Loss: 150.50; Take Profit: 170.00. Alternative scenario: breakout and consolidation below the level of 151.85 will allow the pair to continue declining to the levels of 146.44 – 140.75. A sell signal: after the level of 151.85 is broken. Stop Loss: 153.00; Take Profit: 140.75. Main scenario Consider long positions from corrections above the level of 151.85 with a target of 165.00 – 170.00. Alternative scenario... Read full author’s opinion and review in blog of #LiteFinance .. read more..
Gold Technical: The recent sell-off may have reached a potential bullish reve...
Friday, July 26,2024,07:19
The recent weakness seen in Gold (XAU/USD) is likely to be driven by US politics as the “Gold premium” has moved in synch with the betting odds of Republican nominee Trump winning the US Presidential Election. The US Treasury market is likely to take a driver’s seat now as the focus returns to the monetary […] .. read more..
Why You Shouldn’t Take Your Trading Losses Personally
Friday, July 26,2024,07:15
Just as in life, trading requires that you keep your balance even when you’re under tremendous physical and emotional stress. .. read more..
Rupee recovers from record low, lifted by firm domestic markets, expectations...
Friday, July 26,2024,07:14
Rupee rises 6 paise to close at 83.72 against US dollar .. read more..
GBPUSD: Elliott wave analysis and forecast for 26.07.24 – 02.08.24
Friday, July 26,2024,06:55
Highlights and key points Main scenario: consider long positions from corrections above the level of 1.2770 with a target of 1.3250 – 1.3740. A buy signal: after the level of 1.2770 is broken. Stop Loss: 1.2700; Take Profit: 1.3740. Alternative scenario: breakout and consolidation below the level of 1.2770 will allow the pair to continue declining to the levels of 1.2594 – 1.2300. A sell signal: after the level of 1.2770 is broken. Stop Loss: 1.2850; Take Profit: 1.2300. Main scenario Consider long positions from corrections above the level of 1.2770 with a target of 1.3250 – 1.3740. Alternative scenario... Read full author’s opinion and review in blog of #LiteFinance .. read more..
EURUSD: Elliott wave analysis and forecast for 26.07.24 – 02.08.24
Friday, July 26,2024,06:25
Highlights and key points Main scenario: consider long positions from corrections above the level of 1.0772 with a target of 1.1141 – 1.1273. A buy signal: after the level of 1.0772 is broken. Stop Loss: 1.0700; Take Profit: 1.1273. Alternative scenario: breakout and consolidation below the level of 1.0772 will allow the pair to continue declining to the levels of 1.0663 – 1.0500. A sell signal: after the level of 1.0772 is broken. Stop Loss: 1.0850; Take Profit: 1.0500. Main scenario Consider long positions from corrections above the level of 1.0772 with a target of 1.1141 – 1.1273. Alternative scenario... Read full author’s opinion and review in blog of #LiteFinance .. read more..
Rupee ends at record low, traders expect gradual depreciation to persist
Friday, July 26,2024,06:24
The Indian rupee declined to a record low at 83.7250 against the USD, pressured by dollar demand from oil companies, custodial banks, and weak risk sentiment. .. read more..
Gold Drops Ballast. Forecast as of 26.07.2024
Friday, July 26,2024,06:09
The yellow metal's pullback looks strange amid the market's confidence about the Fed's upcoming rate cuts. Could gold just be dropping insecure buyers? Let’s discuss it and make a trading plan for XAUUSD. Highlights and key points Strong US GDP data accelerated the precious metal's pullback. A decrease in Chinese demand drives the downward trend in the XAUUSD. Regardless of who becomes the American president, gold will win. A return above $2,410 per ounce will not be the only reason for buying gold. Weekly fundamental forecast for gold What's happening to gold? A week ago, it reached a record high... Read full author’s opinion and review in blog of #LiteFinance .. read more..
Eurozone Inflation Expectations Remain Unchanged
Friday, July 26,2024,06:08
Eurozone consumers' inflation expectations remained stable in July, the latest consumer expectations survey published by the European Central Bank showed on Friday. Inflation expectations for the coming year was steady at 2.8 percent after having fallen in May to their lowest level since September 2021. Inflation expectations for the next three years also remained unchanged in July. .. read more..
Yen Falls Against Majors
Friday, July 26,2024,06:08
The Japanese yen weakened against other major currencies in the European session on Friday. .. read more..
Oil Price Reversal Ahead? Chart Patterns Indicate Possible Bounce at Support
Friday, July 26,2024,05:58
Oil prices have faced challenges recently, but buying pressure prevented a drop below $80. Technical indicators suggest potential for an upward bounce, with key resistance levels to watch. Fundamental factors like Canadian wildfires, US stockpiles, and rate cut expectations support oil prices. Most Read: GBP/USD Dips to 1.2850 Amid Growing BoE Rate Cut Speculation Oil […] .. read more..
USDCHF: Elliott wave analysis and forecast for 26.07.24 – 02.08.24
Friday, July 26,2024,05:55
Highlights and key points Main scenario: consider short positions from corrections below the level of 0.9050 with a target of 0.8546 – 0.8325. A sell signal: after the level of 0.9050 is broken. Stop Loss: 0.9150; Take Profit: 0.8325. Alternative scenario: breakout and consolidation above the level of 0.9050 will allow the pair to continue rising to the levels of 0.9226 – 0.9451. A buy signal: after the level of 0.9050 is broken. Stop Loss: 0.8950, Take Profit: 0.9451. Main scenario Consider short positions from corrections below the level of 0.9050 with a target of 0.8546 – 0.8325. Alternative scenario... Read full author’s opinion and review in blog of #LiteFinance .. read more..
Video market update for July 26, 2024
Friday, July 26,2024,05:32
Potential for the further rally on USD/JPY The material has been provided by InstaForex Company - www.instaforex.com .. read more..
French Consumer Confidence Improves In July
Friday, July 26,2024,05:30
France's consumer confidence improved slightly in July ahead of Olympic Games, survey results from the statistical office INSEE showed on Friday. The consumer confidence index climbed to 91 in July from revised 90 in June. The index remained below its long-term average. The score was forecast to rise to 90 from June's initially estimated value of 89. .. read more..
USDСAD: Elliott wave analysis and forecast for 26.07.24 – 02.08.24
Friday, July 26,2024,05:26
Highlights and key points Main scenario: consider long positions from corrections above the level of 1.3583 with a target of 1.4000 – 1.4200. A buy signal: after the level of 1.3583 is broken. Stop Loss: 1.3500; Take Profit: 1.4200. Alternative scenario: breakout and consolidation below the level of 1.3583 will allow the pair to continue declining to the levels of 1.3352 – 1.3166. A sell signal: after the level of 1.3583 is broken. Stop Loss: 1.3650; Take Profit: 1.3166. Main scenario Consider long positions from corrections above the level of 1.3583 with a target of 1.4000 – 1.4200. Alternative scenario... Read full author’s opinion and review in blog of #LiteFinance .. read more..
Forex forecast 07/26/2024: EUR/USD,GBP/USD, SP500 and Bitcoin from Sebastian ...
Friday, July 26,2024,04:57
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 trading week. Video Agenda: 00:00 INTRO 00:11 Totay's key events: Core PCE Price Index, PCE Price index, Personal Spending, Michigan Consumer Sentiment, U.S. Baker Hughes Oil Rig Count 01:31 EUR/USD 03:14 GBP/USD 05:35 SP500 07:06 BTC/USD Useful links: My other articles are available in this section InstaForex course for beginners Popular Analytics Open trading account Important: The begginers in f... .. read more..
USD/JPY remains volatile, US PCE Price Index next
Friday, July 26,2024,04:49
The Japanese yen has hit the brakes on this week’s impressive rally. USD/JPY is trading at 154.34 in the European session, up 0.30% on the day. On Thursday, the yen climbed as much as 1.3% but gave up all of those gains after the strong US GDP report. Still, the yen is up 1.9% this […] .. read more..