This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.
The price test of 157.61 at the beginning of the US session occurred at a time when the MACD indicator sharply fell from the zero mark, which limited the pair's.
Key events on May 2: fundamental analysis for beginners
There are fewer macroeconomic events on Thursday, and none of them are crucial. The second estimates of the manufacturing Purchasing Managers' Index (PMI) for Germany and the EU will.
Trading Signals for Bitcoin (BTC/USD) for May 2-7, 2024: buy above, $56,250 (rebound - 2/8 Murray)
Bitcoin is trading around 57,232, above 2/8 Murray, and under strong bearish pressure. We believe that Bitcoin could resume its main bullish cycle in the next few hours and could.
Forecast for EUR/USD on May 2, 2024
EUR/USD Yesterday's FOMC meeting turned out to be hawkish in terms of Federal Reserve Chair Jerome Powell's statements at the press conference. Powell said the next rate.
Bank of Japan is trapped and increasingly dependent on the Fed's stance. Overview of USD/JPY
Apparently, the Japanese authorities did conduct a currency intervention on April 29th. The USD/JPY pair came close to the 160 mark, after which it quickly fell to 154.50. A weak.
Analysis of the GBP/USD pair on April 30th. Last chance for the dollar
The wave analysis for the GBP/USD pair remains quite complex. A successful attempt to break through the Fibonacci level of 50.0% indicated the market's readiness to build a downward wave.
Show more
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.