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Analytics today
There are very few macroeconomic events planned for Thursday. In general, we will only highlight the US report on initial jobless claims. However, this report is of secondary importance.
Forecast for EUR/USD on May 9, 2024
EUR/USD Yesterday, the euro was in a calm state, as accurately warned by the Marlin oscillator, gradually falling on the daily chart. The US Treasury auction did not strengthen.
Outlook for GBP/USD on May 9. The pound flat ahead of the Bank of England meeting
On Wednesday, GBP/USD did not make any attempt to extend its downward movement. The market considered that two days of bearish trading are enough, and it wasn't worth.
The euro hits certain points
Disappointing data from Germany and the realization that Europe will lower its rates before the United States knocked some sense into the EUR/USD bulls. Following the decline in production orders.
USD/JPY: Simple Trading tips for novice traders on May 8th (US session)
Trade analysis and tips for trading the Japanese yen The first test of the price at 155.45 in the first half of the day occurred when the MACD indicator.
Trading Signals for CRUDE OIL (WIT) for May 8-15, 2024: buy above $78.12 (21 SMA - 2/8 Murray)
Early in the American session, Crude Oil (WTI) is trading around 78.44 within a downtrend channel forming since April 11 and within a secondary bearish channel forming since April.
GBP/USD: trading plan for the US session on May 8th (analysis of morning deals). The pound was bought in the area of 1.2471
In my morning forecast, I paid attention to the level of 1.2471 and planned to make decisions regarding market entry based on it. Let's look at the 5-minute chart.
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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.