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On Tuesday, the GBP/USD pair sustained its decline and once again exhibited superb volatility for the fourth consecutive day, reminiscent of the good old times. This time, the price dropped.
The euro takes a cold shower
After a wild party, a hangover inevitably follows. The start of such a party for EUR/USD was the release of the July US labor market data. Disappointing data sharply boosted.
EUR/USD: USD badly bruised, EUR waiting for dust to settle
The steep fall of the US dollar mirrors growing market anxiety, even though sudden sell-offs are considered less risky than gradual ones. The concern stems from renewed fears.
USD/JPY: Simple Trading Tips for Beginners on August 6 (U.S. Session)
The yen continues to surprise with its volatility. The test of the price at 145.64 occurred when the MACD indicator was just starting to move down from the zero mark.
GBP/USD: Trading Plan for the U.S. session on August 6 (analysis of morning trades). The pound updates monthly low
In my morning forecast, I focused on the level of 1.2744 and planned to make market entry decisions from it. Let's look at the 5-minute chart and see what happened.
Forecast for EUR/USD on August 6, 2024
On Monday, the EUR/USD pair continued its growth and managed a rally to the 1.10 level. On the same Monday, there was a reversal in favor of the U.S. dollar.
Trading plan for EUR/USD and GBP/USD on August 6, 2024
The US dollar remains under selling pressure amidst speculations on the Federal Reserve's further policy moves. The thing is that investors increased recession fears. There has been active discussion about.
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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.