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GBP/USD Yesterday, the British pound, under the influence of related currencies, gained 74 pips at the moment, but once the session was coming to an end it recovered half.
Outlook for EUR/USD on July 18. Lower Eurozone inflation can't stop the euro's rise
EUR/USD resumed its upward movement on Wednesday, failing to start a normal downward correction. The euro had no grounds to rise on Wednesday, but, as we have repeatedly mentioned.
Analysis of GBP/USD pair on July 17, 2024
The wave structure for GBP/USD remains quite complex and needs to be clarified. Around the 1.2822 mark, which corresponds to 23.6% Fibonacci retracement and is located near the peak.
Trading Signals for GOLD for July 17-20: sell below $2,481 (8/8 Murray - extremely overbought)
According to the eagle indicator, gold is extremely overbought. Therefore, we believe that below 2,481, a strong technical correction could occur with downward targets at 7/8 Murray located at 2,468.
GBP/USD. The pound celebrates its triumph
The pound, paired with the dollar, updated its yearly high today in response to the inflation report. For the first time since July 2023, the GBP/USD pair entered the 1.30.
USD/JPY: Simple trading tips for beginner traders on July 17th (updated forecast)
Analysis of Trades and Trading Tips for the Japanese YenThe US dollar continued to quickly lose its position against the Japanese yen. The test of the 157.81 price occurred when.
GBP/USD. July 17th. Inflation in Britain has stalled at the Bank of England's target level
On the hourly chart, the GBP/USD pair also attempted to fall to the nearest level of 1.2931 on Tuesday. However, the bears could not push the British pound down.
XAU/USD. The weakness of the dollar, as well as high geopolitical risks, support the price of gold (we expect the price of the yellow metal to continue to rise)
The price of gold continues to rally on the wave of two main factors – the weakening of the dollar influenced by the market's conviction that the Fed will.
The pound reacts with growth to the latest UK inflation data
Inflation in the UK rose for the second consecutive month in June, although it remained fairly close to the Bank of England's 2% target. However, ongoing price pressures.
EUR/USD. ECB July meeting: preview
On Thursday, July 18, the European Central Bank will hold its next meeting. The formal outcomes of this meeting are predetermined. However, the ECB may still trigger significant volatility.
Technical Analysis of Intraday Price Movement of Natural Gas Commodity Asset, Tuesday July 17, 2024.
Even though Seller is dominating the Natural Gas commodity asset on the 4-hour chart which is marked by its price movement moving below EMA 20 & EMA 50, however, with.
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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.