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.
Analytics today
The eurozone producer price index rose from -8.5% to -7.8%, but it had no effect on the situation, and the single currency stood still all day. Of course.
Growth continues: Wall Street in green for third day in a row
Indices continue to rise since the end of last week Paramount Global rises as bidders await special committee decision Tyson Foods shares fall on consumer demand concerns Spirit Airlines hits.
Trading Signals for EUR/USD for May 7-9, 2024: buy above 1.0780 (symmetrical triangle - 4/8 Murray)
Early in the European session, the EUR/USD pair is trading around 1.0762, showing signs of exhaustion and going through a technical correction below 5/8 Murray (1.0803). On the H4 chart.
Forecast for GBP/USD on May 7, 2024
GBP/USD Yesterday, the British pound closed the day higher, but it only happened for the sake of solidarity with other counter-dollar currencies. However, the quote did not reach the target.
Technical Analysis of Intraday Price Movement of Crude Oil Commodity Asset, Tuesday May 7, 2024.
Although on the 4 hour chart, Crude Oil Commodity still dominates with Seller where this is confirmed by MA 50 which is below MA 200, but with the appearance.
The euro will support itself
The first signs of weakness in the US labor market provided a strong argument that the EUR/USD correction would develop into breaking the downtrend. This requires further cooling.
Analysis of EUR/USD pair on May 6th. The dollar continues to be under pressure from statistics
The wave analysis of the 4-hour chart for the EUR/USD pair remains unchanged. At the moment, we observe the construction of the presumed wave 3 within wave.
GBP/USD. May 6th. Bulls continue to attack, but their momentum is fading
On the hourly chart, the GBP/USD pair continued upward movement on Friday, reaching 1.2611. The bounce of quotes from this level favored the US dollar, but the decline.
Weekly forecast based on simplified wave analysis of GBP/USD, AUD/USD, USD/CHF, EUR/JPY, EUR/GBP, and US dollar index on May 6th
The upcoming week is expected to see a general sideways movement in the price of the British pound major. One should expect growth towards the calculated resistance zone.
Why stock markets grow but USD weakens in light of poor US NFPs. USD/JPY could sink again, gold could rise
The government data on the US labor market published on Friday interrupted the victorious pace of robust employment in the US economy since the end of last year. Strong NFPs.
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.