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Forecast for AUD/USD on April 18, 2024

AUD/USD The Australian dollar has recovered its losses from Wednesday and it seems that it will continue to rise towards 0.6480. However, today's report showed Australian unemployment ticked...
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Analytical expert: Laurie Bailey
2024-04-18

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...
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Analytical expert: Paolo Greco
2024-04-18

Outlook for EUR/USD on April 18. Euro has fallen into a new flat

EUR/USD traded mostly sideways with low volatility on Wednesday. The low market activity can be attributed to the weak fundamental and macroeconomic background. There were no significant events during...
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Analytical expert: Paolo Greco
2024-04-18

GBP/USD. Correction or trend reversal?

The GBP/USD pair shows that it is willing to fight, as it attempts to start a bullish correction. The bulls are not only counting on the greenback's weakness...
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Analytical expert: Irina Manzenko
2024-04-18

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...
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Analytical expert: Chin Zhao
2024-04-17

Powell made a bold point, and Bailey did not report anything important

Tuesday was interesting not only with a whole series of interesting reports in the US and UK but also because of the speeches by Andrew Bailey and Jerome Powell...
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Analytical expert: Chin Zhao
2024-04-17

Will the euro take a risk?

The IMF raises its GDP forecast for the US economy for 2024 by a significant 0.6 percentage points, to 2.7%. Goldman Sachs highlights the US as the only G10 nation...
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Analytical expert: Marek Petkovich
2024-04-17

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...
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Analytical expert: Dimitrios Zappas
2024-04-17

Trading Signals for Ethereum (ETH/USD) for April 17-19, 2024: sell below $3,125 (21 SMA - 2/8 Murray)

Our trading plan for the next few hours is to sell ETH/USD below 3,100. As long as it trades below the 21 SMA, the token will remain under bearish pressure...
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Analytical expert: Dimitrios Zappas
2024-04-17

Analysis for the EUR/USD pair on April 17th. Jerome Powell didn't help the dollar much

The wave analysis of the 4-hour chart for the EUR/USD pair remains unchanged. Currently, we observe the construction of the presumed wave 3 in 3 or c from the downtrend...
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Analytical expert: Chin Zhao
2024-04-17