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The price test of 154.99 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.
Hot forecast for EUR/USD on May 3, 2024
The euro managed to gain some more during the US trading session. This time, this was due to revised expectations regarding today's US Department of Labor data, which is about.
Trading plan for EUR/USD on May 3. Simple tips for beginners
Analyzing Thursday's trades: EUR/USD on 1H chart The EUR/USD pair traded within an ascending channel on Thursday, which it should have already broken out of. In fact, we are still.
Forecast for EUR/USD on May 3, 2024
EUR/USD Yesterday, the euro made a strong effort to return to the 1.0636/56 range, but the market's brief return to risk took over. The price returned above the resistance.
The euro did not understand the Fed's signals
The Federal Reserve decided to exercise patience. Fed Chair Jerome Powell was absolutely clear about this. Unlike previous FOMC meetings, where he asserted that the federal funds rate would.
Analysis of EUR/USD pair on May 2nd. The market calmly responded to the FOMC meeting
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.
Trading Signals for GOLD (XAU/USD) for May 2-4, 2024: buy above $2,280 (200 EMA - symmetrical triangle)
Gold is trading around 2,287.62, above the 200 EMA, and within a symmetrical triangle pattern forming since April 16. Yesterday, gold reached the 2,230 area, it tried to break this.
Fed makes tough decision
The complexity of the situation when the economy is losing growth and inflation is rising, which is called stagflation, forced the Federal Reserve to act extremely cautiously yesterday.
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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.