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EUR/USD Yesterday, the currency market did not see any compelling reasons to increase risk appetite and, although stock markets were rising, it retreated from Monday's highs. The euro declined.
Outlook for GBP/USD on May 8. The pound has stopped rising, but the Bank of England meeting could change that
GBP/USD experienced a minor downward retracement, but this did not affect the overall technical picture. The price settled below the critical Kijun-sen line, but the upward trend persists.
German data didn't scare the euro
EUR/USD bulls were somewhat disappointed with the unexpected decline in German industrial orders by 0.4% m/m in March, but they weren't completely discouraged. The indicator failed to meet Bloomberg forecasts.
Trading Signals for BITCOIN (BTC/USD) for May 7-9, 2024: sell below $64,000 (200 EMA - 5/8 Murray)
In the next few hours, Bitcoin could continue its rise. If the price reaches 63,975, it could be seen as an opportunity to resume selling operations with targets at 62,500.
EUR/USD: Simple trading tips for novice traders on May 7th (US session)
The levels I indicated were not tested due to low market volatility in the first half of the day. Yes, there was pretty good data on France and Germany.
EUR/USD: trading plan for the US session on May 7th (analysis of morning deals). The euro remains within the channel
In my morning forecast, I noted the level of 1.0776 and planned to make decisions on market entry based on it. Let's look at the 5-minute chart and analyze what.
GBP/USD. May 7th. The pound feels a surge of strength ahead of the Bank of England meeting
On the hourly chart, the GBP/USD pair executed a new reversal in favor of the American on Monday and headed towards the lower line of the ascending trend channel.
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This section is updated daily and contains market analysis prepared by professional analysts on behalf of InstaForex. Each of the specialists presents analytical reviews in accordance with his/her vision of the current situation on the foreign exchange and other markets. However, the outlooks below are neither recommendations nor instructions to any actions. They contain analysis of the current situation on financial markets. In some cases, analysts' opinions about current market conditions may differ.