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EUR/USD On Wednesday, the correlation of Tuesday was repeated, but on the contrary - the S&P 500 dropped 1.39%, while oil soared by 2.50%. The euro took the side.
Outlook for GBP/USD on July 18. Nowhere to go but up?
GBP/USD continued its upward movement on Wednesday and overcame the important resistance area of 1.2981-1.2987. The price is still located inside the ascending channel, so there are no signs.
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.
XAU/USD. Review and analysis
Today, the price of gold reached a new record, hitting a historical high of around $2482-2483.The prevailing risk conditions (evidenced by the expanding uptrend in global stock markets) are prompting.
EUR/USD. July 17th. Bears can't do anything against bulls
On Tuesday, the EUR/USD pair made a slight decline towards the corrective level of 23.6%-1.0843, but after falling halfway, it reversed in favor of the euro. Thus, the pair.
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 ECB faces challenges again
The European Central Bank (ECB) may encounter difficulties in returning inflation to 2%, undermining hopes for a sustainable reduction in interest rates. To bring consumer price growth back.
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.