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Analytics today
The monthly boundary of 1.0611 is still the most important obstacle for developing bearish sentiment on this section of the chart. Yesterday, in the process of testing the monthly support.
The Fed and global instability: a double blow to American markets
United Airlines profits on upbeat second-quarter earnings forecast Travelers shares fall as first-quarter profits fall Fed Beige Book Shows Small Increase in Economic Activity Indices are down: Dow 0.12%, S&P.
Technical Analysis of Daily Price Movement of GBP/USD Main Currency Pairs,Thursday April 18 2024.
Based on what can be seen on the daily chart, the main currency pair GBP/USD seems that in the near future the Cable has the potential to strengthen upwards again.
Technical Analysis of Intraday Price Movement of Nasdaq 100 Index, Thursday April 18 2024.
Even though currently on the 4-hour chart the Nasdaq 100 index has a Death Cross crossing between the 50 and 200 MAs, the appearance of the Descending Broadening Wedge pattern.
Forecast for EUR/USD on April 18, 2024
EUR/USD Yesterday, the euro was up 0.49%, while the S&P 500 dropped 0.58%, gold fell 1.04%, and yields on US government bonds decreased. Even Israel's statement about a pending "retaliatory".
Outlook for GBP/USD on April 18. Pound was not impressed by the inflation data
GBP/USD continued to trade sideways on Wednesday. Volatility remains weak, and traders took a break after leaving the 4-month sideways channel. The price is currently 80 pips below the channel.
The FOMC will not lower rates in 2024
As we have already mentioned, it no longer makes sense to expect a rate cut from the Federal Reserve. The latest inflation report exceeded the target mark almost twice.
Trading Signals for GOLD (XAU/USD) for April 17-19, 2024: sell below $2,400 (21 SMA - double top)
In case gold breaks and consolidates above 2,395 and above the psychological level of 2,400, we could expect it to continue rising and the price could reach 2,422 and finally.
Analysis for GBP/USD pair on April 17th. British inflation overtakes American inflation
The wave analysis for the GBP/USD pair remains quite complex, but it may become simpler in the coming weeks. A successful attempt to break through the Fibonacci level of 50.0%.
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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.