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No macroeconomic events are scheduled for Wednesday, but they aren't particularly needed at the moment. Overnight, both major currency pairs covered a 200-pip range within a few hours.
Forecast for GBP/USD on November 6, 2024
In the first three hours of today's trading session, the British pound has retraced yesterday's 86-pip gain. It appears the price aims to close Monday's gap, giving it more flexibility.
Overview of EUR/USD on November 6; Elections, Elections...
The EUR/USD currency pair traded sluggishly for most of Tuesday, which isn't surprising. On Thursday, the Federal Reserve will announce the results of its meeting, and over the next.
Trading Recommendations and Analysis for GBP/USD on November 6; The British Pound Seizes the Opportunity
The GBP/USD currency pair traded upward on Tuesday, although there was no significant reason for this other than the need to correct after a month-long decline. On the contrary.
Trading Recommendations and Analysis for EUR/USD on November 6; The Market Reacts to the Elections
The EUR/USD currency pair unexpectedly showed an upward movement on Tuesday. However, there's no reason to be surprised by this movement since an upward correction is underway, and the U.S.
Trading Signals for GOLD (XAU/USD) for November 5-7, 2024: buy above $2,742 (21 SMA - 3/8 Murray)
If gold breaks and consolidates above the symmetrical triangle and above the 21 SMA (2,742) in the next few hours, it could be seen as a signal.
EUR/USD: Simple Trading Tips for Beginner Traders on November 5th (U.S. Session)
Analysis of Trades and Trading Tips for the Euro The test of the 1.0895 level occurred when the MACD indicator had moved significantly above the zero line, which limited.
EUR/USD: Trading Plan for the U.S. Session on November 5th (Analysis of Morning Trades)
In my morning forecast, I highlighted the 1.0888 level as a key entry point. Let's look at the 5-minute chart to analyze what happened there. The increase and formation.
USD/JPY. Analysis and Forecast
Today, the Japanese yen weakened slightly, but the decline remains limited. Japan's political landscape may hinder further interest rate hikes by the Bank of Japan. However, Bank of Japan Governor.
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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.