Forex analysis review

EUR/USD remains within the local "bearish" impulse that began on April 17, but with each passing day, the bulls are putting increasing pressure on the prevailing trend. To launch a full-scale advance, they only need to invalidate "bearish" imbalance 17. However, today, they took a step that brings them closer to achieving this. The fundamental backdrop remains unfavora...

GBP/USD continues to rise, which I consider fully justified. Reports on the U.S. economy, labor market, and inflation have largely settled the debate over whether the FOMC will raise interest rates in September. Nonfarm Payrolls declined for the fourth consecutive time and fell below zero. The U.S. economy is slowing. Inflation is declining. The situation may change ov...

On Thursday, EUR/USD attempted to resume its decline toward the 61.8% retracement level at 1.1507, but in the second half of the day, the bulls pushed the bears back. Trader activity remains low. Today, a rebound from the 1.1551 level would again favor the U.S. dollar and some decline toward 1.1507. Consolidation above 1.1551 would allow traders to expect a continuation of th...

The euro rose to a two-month high on the back of stronger eurozone data and expectations of an ECB rate hike, which increased demand for the currency. Gold hit a two-month peak as US inflation risks eased and geopolitical tensions in the Middle East rose. Foreign investors have withdrawn capital from Asian tech markets for the ninth consecutive month, mainly from Taiwa...

Those looking for a reason for optimism find it – and the market didn't search long these days, finding two at once. The S&P 500 closed at a record high for the 27th time this year. The formal reason is clear: the July producer price index unexpectedly remained unchanged, even though economists had forecast an increase. A day earlier, the consumer price index delivered a ...