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The EUR/USD pair continued the growth process on Friday, which ended only in the resistance zone, consisting of four levels: 1.0764, 1.0785, 1.0797 and 1.0806. We can assume that.
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.
Defensive strategies key as Fed holds rates steady
As the US Federal Reserve maintains a firm stance, investors are preparing for a year of minimal rate cuts. The federal funds rate, currently at 5.25–5.5%, reflects the strategic restraint.
Weekly forecast based on simplified wave analysis of EUR/USD, USD/JPY, GBP/JPY, USD/CAD, NZD/USD, and Gold on May 6th
The upcoming week is expected to see a general sideways movement in the euro's price. In the coming days, one should expect an increase towards the calculated resistance zone. Subsequently.
Technical analysis of GBP/USD for week on May 6-11
Moving up last week, GBP/USD tested the 21-SMA at 1.2633 plotted by the black dotted line, went down, closing the weekly candle at 1.2542. In the coming week, GBP/USD.
Hot forecast for EUR/USD on May 6, 2024
Just a few days ago, Federal Reserve Chair Jerome Powell expressed uncertainty regarding the timing for the rate cut due to the strong US economy. However, if the situation were.
Technical Analysis of Intraday Price Movement of CAD/JPY Cross Currency Pairs , Monday May 06 2024.ei 2024.
After being stuck at level 111.55 on the 4-hour chart, the CAD/JPY cross currency pair is now being corrected strongly where the main objective is to test the level.
Forecast for GBP/USD on May 6, 2024
GBP/USD On Friday, the British pound momentarily surged by more than 100 pips, but quickly retreated to its initial positions, closing the day up by only 12 pips. The upper.
What to expect for the pound next week?
The British currency has been in a splendid mood lately. Despite the lack of significant reports in the UK over the past two weeks, the US dollar came.
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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.