#MarketReview
▫️ #EURUSD above 1.11 is testing the top of a range from early 2023;
▫️ The pair has broken above the 200-week MA and formed a golden cross, a bullish signal;
▫️ Locally, EURUSD looks overheated and vulnerable to Fed comments and revised employment data.
▫️ #EURUSD above 1.11 is testing the top of a range from early 2023;
▫️ The pair has broken above the 200-week MA and formed a golden cross, a bullish signal;
▫️ Locally, EURUSD looks overheated and vulnerable to Fed comments and revised employment data.
FxPro News
Forex - EURUSD: Break out of range or pull back? | Market Overview
The single currency has risen above $1.11, almost repeating its late December peak. At current levels, the pair is within the upper boundary of its t...
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#MarketReview
▫️ #EURJPY, #USDJPY back in the red, failing to build on a rebound from equity indices;
▫️ The yen is supported by expectations that a quiet market will put a rate hike by the Bank of Japan back on the agenda.
▫️ #EURJPY, #USDJPY back in the red, failing to build on a rebound from equity indices;
▫️ The yen is supported by expectations that a quiet market will put a rate hike by the Bank of Japan back on the agenda.
FxPro News
Forex - The Yen Heads for a New Round of Growth | Market Overview
Since the end of last week, the Yen has regained ground against the Dollar and the Euro in what looks like a new round of appreciation. So far, this ...
#Crypto
▫️ Cryptocurrency cap +1.7% overnight, continuing to test August resistance at $2.15 trillion;
▫️ #Tron (-5.5%) lost its place in the top 10 by capitalisation to Cardano (+2.5%);
▫️ #Bitcoin's tug-of-war around 50-day MA continues;
▫️ #Solana ETF has no chance of approval in 2024 and 2025 under current SEC leadership and platform pump.fun disappoints investors.
▫️ Cryptocurrency cap +1.7% overnight, continuing to test August resistance at $2.15 trillion;
▫️ #Tron (-5.5%) lost its place in the top 10 by capitalisation to Cardano (+2.5%);
▫️ #Bitcoin's tug-of-war around 50-day MA continues;
▫️ #Solana ETF has no chance of approval in 2024 and 2025 under current SEC leadership and platform pump.fun disappoints investors.
FxPro News
Forex - Crypto Tug of War | Crypto Review
Market picture The crypto market gained 1.7% in the last 24 hours to reach $2.14 trillion, continuing to test August's resistance. Bitcoin rose 2....
#MarketReview
▫️ The US labour market is in worse shape than previously thought, but the stock market is waiting for the Fed's reaction to see if this is good or bad;
▫️ Weak macro data is bad news for the dollar until a black swan event triggers a flight to safety.
▫️ The US labour market is in worse shape than previously thought, but the stock market is waiting for the Fed's reaction to see if this is good or bad;
▫️ Weak macro data is bad news for the dollar until a black swan event triggers a flight to safety.
FxPro News
Forex - US indices: Is Bad News Still Good News? | Market Overview
The US Bureau of Labour Statistics revised its employment data for the 12 months to March, cutting its estimate of the number of people employed by 8...
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#MarketReview
▫️ Gold is under pressure after updating highs at $2531;
▫️ Divergence between price and RSI on the daily makes us cautious;
▫️ We can only talk about a break of the uptrend with a break below $2380.
▫️ Gold is under pressure after updating highs at $2531;
▫️ Divergence between price and RSI on the daily makes us cautious;
▫️ We can only talk about a break of the uptrend with a break below $2380.
FxPro News
Forex - Gold Struggles After Reaching New Highs | Market Overview
Gold started the week with a decisive renewal of all-time highs, reaching the maximum spot price of $2531 per troy ounce. However, the bulls failed t...
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#WaveAnalysis
▫️#AUDUSD approached key resistance level 0.6795;
▫️ Likely to rise to resistance level 0.6865.
Read more
▫️#AUDUSD approached key resistance level 0.6795;
▫️ Likely to rise to resistance level 0.6865.
Read more
FxPro News
Forex - AUDUSD Wave Analysis 23 August 2024 | Technical analysis
- AUDUSD approached key resistance level 0.6795 - Likely to rise to resistance level 0.6865 AUDUSD currency pair just approached the key re...
#WaveAnalysis
▫️#Gold reversed from key support level 2475;
▫️ Likely to rise to resistance level 2535.
Read more
▫️#Gold reversed from key support level 2475;
▫️ Likely to rise to resistance level 2535.
Read more
FxPro News
Forex - Gold Wave Analysis 23 August 2024 | Technical analysis
- Gold reversed from key support level 2475.00 - Likely to rise to resistance level 2535.00 Gold just reversed up from the key support leve...
#Crypto
▫️ Crypto cap has reached $2.25 trillion. - highest since early August. Sentiment index at 56 (greed);
▫️ #Bitcoin broke above its 50- and 200-day averages on Friday, and now the important task is to stay above;
#Toncoin consolidates near 200-day MA ($5.66) after a 15% drop on Durov arrest. The next major support levels are $4.3 and $2.5.
▫️ #Ethereum ETFs continue to see outflows approaching 0.5 billion since launch.
▫️ Crypto cap has reached $2.25 trillion. - highest since early August. Sentiment index at 56 (greed);
▫️ #Bitcoin broke above its 50- and 200-day averages on Friday, and now the important task is to stay above;
#Toncoin consolidates near 200-day MA ($5.66) after a 15% drop on Durov arrest. The next major support levels are $4.3 and $2.5.
▫️ #Ethereum ETFs continue to see outflows approaching 0.5 billion since launch.
FxPro News
Forex - The light greed of the crypto market | Crypto Review
Market picture Since Friday, the crypto market has been in a mood of easy greed, as evidenced by the corresponding index, which reached 55 on Mond...
#Market Review
▫️ German Ifo Business Climate Index declines for 4th month, but slightly better than expected;
▫️ EURUSD paused near a 13-month high, retreating above the 200-week average.
▫️ The pair may move towards the 1.20 area in the coming months due to a weak dollar rather than a strong euro.
▫️ German Ifo Business Climate Index declines for 4th month, but slightly better than expected;
▫️ EURUSD paused near a 13-month high, retreating above the 200-week average.
▫️ The pair may move towards the 1.20 area in the coming months due to a weak dollar rather than a strong euro.
FxPro News
Forex - Germany’s weakening business climate has cooled but is unlikely to turn the euro around | Market Overview
Germany's business climate Germany's business climate deteriorated in August but was better than expected. The Ifo business climate indicator fell...
#MarketReview
▫️ The Dollar Index closed last week at its lowest level since July 2023, entered oversold territory on the RSI and touched the 200-week average;
▫️ The combination of short-term profit-taking by sellers and the normalisation of Fed expectations sets the stage for a rebound to the 101.7-102.5 area.
▫️ The Dollar Index closed last week at its lowest level since July 2023, entered oversold territory on the RSI and touched the 200-week average;
▫️ The combination of short-term profit-taking by sellers and the normalisation of Fed expectations sets the stage for a rebound to the 101.7-102.5 area.
FxPro News
Forex - A chance for the dollar to bounce back | Market Overview
Current situation The Dollar Index closed last week at 100.55, its lowest level since July 2023. It has not been consistently below this level sin...
#WaveAnalysis
▫️#WTI crude oil reversed from a strong support level 72.40;
▫️ Likely to rise to resistance level 78.00.
📣Trade responsibly with fxpro.com
▫️#WTI crude oil reversed from a strong support level 72.40;
▫️ Likely to rise to resistance level 78.00.
📣Trade responsibly with fxpro.com
FxPro News
Forex - WTI crude oil Wave Analysis 26 August 2024 | Technical analysis
- WTI crude oil reversed from a strong support level 72.40 - Likely to rise to resistance level 78.00 WTI crude oil recently reversed up fr...
#WaveAnalysis
▫️#EURCAD reversed from the long-term resistance level 1.5115;
▫️ Likely to test support level 1.5000.
📣Trade responsibly with fxpro.com
▫️#EURCAD reversed from the long-term resistance level 1.5115;
▫️ Likely to test support level 1.5000.
📣Trade responsibly with fxpro.com
FxPro News
Forex - EURCAD Wave Analysis 26 August 2024 | Technical analysis
- EURCAD reversed from the long-term resistance level 1.5115 - Likely to test support level 1.5000 EURCAD currency pair recently reversed d...
#Crypto
▫️ Crypto cap fell 1.6% to $2.21 trillion following unimpressive stock market performance;
▫️ #Bitcoin pulled back below $63K, losing 1.4% in 24 hours and retreating below 200-day MA;
▫️ #Ethereum ran into resistance near $2800, previously a key support level.
▫️ #Toncoin approached $5 overnight, losing unevenly but on higher volume - a bad sign.
▫️ Crypto cap fell 1.6% to $2.21 trillion following unimpressive stock market performance;
▫️ #Bitcoin pulled back below $63K, losing 1.4% in 24 hours and retreating below 200-day MA;
▫️ #Ethereum ran into resistance near $2800, previously a key support level.
▫️ #Toncoin approached $5 overnight, losing unevenly but on higher volume - a bad sign.
FxPro News
Forex - Crypto market has cooled slightly | Crypto Review
Market picture The crypto market failed to grow steadily, with total capitalisation falling 1.6% to $2.21 trillion. This is a slight correction fo...
#Market Review #WTI
▫️ US oil production is back to a peak of 13.4mbpd, but drilling activity remains subdued
▫️ The price of WTI has encountered resistance above $77, where key moving averages (200 and 50-day, as well as 200 and 50-week) pass.
▫️ If pressure intensifies, the price may not find meaningful support until the $70-71 area, with the next support level at $64.
▫️ US oil production is back to a peak of 13.4mbpd, but drilling activity remains subdued
▫️ The price of WTI has encountered resistance above $77, where key moving averages (200 and 50-day, as well as 200 and 50-week) pass.
▫️ If pressure intensifies, the price may not find meaningful support until the $70-71 area, with the next support level at $64.
FxPro News
Forex - Oil reaches resistance | Market Overview
Market picture Crude oil posted gains at the end of last week thanks to optimism on global platforms. The beginning of the new week was also favou...
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#EconomicReview
▫️ German GDP confirms more than two years of stagnation, losing 0.1% in 2Q24
▫️ Consumer climate index falls as economic expectations and propensity to spend worsen
▫️ #EURGBP back near 2-year lows, losing 2.2% in 3 weeks
▫️ German GDP confirms more than two years of stagnation, losing 0.1% in 2Q24
▫️ Consumer climate index falls as economic expectations and propensity to spend worsen
▫️ #EURGBP back near 2-year lows, losing 2.2% in 3 weeks
FxPro News
Forex - Germany’s multi-year stagnation | Market Overview
Market picture The final reading confirmed a 0.1% contraction in the German economy in the second quarter, with a modest growth of 0.3% y/y and st...
#WaveAnalysis
▫️#USDCHF broke key support level 0.8450;
▫️ Likely to fall to support level 0.8330.
📣Trade responsibly with fxpro.com
▫️#USDCHF broke key support level 0.8450;
▫️ Likely to fall to support level 0.8330.
📣Trade responsibly with fxpro.com
FxPro News
Forex - USDCHF Wave Analysis 27 August 2024 | Technical analysis
- USDCHF broke key support level 0.8450 - Likely to fall to support level 0.8330 USDCHF currency pair today broke below the key support lev...
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#WaveAnalysis #KO
▫️Coca-Cola broke the resistance zone;
▫️ Likely to rise to resistance level 72.00.
📣Trade responsibly with fxpro.com
▫️Coca-Cola broke the resistance zone;
▫️ Likely to rise to resistance level 72.00.
📣Trade responsibly with fxpro.com
FxPro News
Forex - Coca-Cola Wave Analysis 27 August 2024 | Technical analysis
- Coca-Cola broke the resistance zone - Likely to rise to resistance level 72.00 Coca-Cola recently broke the resistance zone at the i...
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#Crypto
▫️ Cryptocurrency cap plunged 6% overnight;
▫️ #Bitcoin dipped below $58K at one point, consolidating below the 200 and 50-day MAs;
▫️ #Ethereum was below $2400 at the peak of its decline, threatening to head towards $2100;
▫️ The number of cryptocurrency millionaires exceeded 172K (+95% over the year).
▫️ Cryptocurrency cap plunged 6% overnight;
▫️ #Bitcoin dipped below $58K at one point, consolidating below the 200 and 50-day MAs;
▫️ #Ethereum was below $2400 at the peak of its decline, threatening to head towards $2100;
▫️ The number of cryptocurrency millionaires exceeded 172K (+95% over the year).
FxPro News
Forex - Faster crypto market decline | Crypto Review
Market picture The cryptocurrency market has plunged 6% to a capitalisation of $2.08 trillion, its lowest level in nine days. Bitcoin is falling i...
#MarketReview
▫️ Nvidia's quarterly report, due after the close of trading on Wednesday, is important to the markets given the company's size and influence in recent quarters;
▫️ The options market is pricing in a 10% price change after the report, but we think the price will continue to move in the same direction;
▫️ In a bullish scenario, the price could rise to $220 from the current $127, while in a bearish scenario, the price could fall to $90.
▫️ Nvidia's quarterly report, due after the close of trading on Wednesday, is important to the markets given the company's size and influence in recent quarters;
▫️ The options market is pricing in a 10% price change after the report, but we think the price will continue to move in the same direction;
▫️ In a bullish scenario, the price could rise to $220 from the current $127, while in a bearish scenario, the price could fall to $90.
FxPro News
Forex - Where are Nvidia shares heading? | Market Overview
The whole financial world, including the media, is waiting for Nvidia's quarterly report. The company, which has a market capitalisation of almost $3...
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#WaveAnalysis
▫️#EURCHF broke support level 0.9400;
▫️ Likely to fall to support level 0.9250.
📣Trade responsibly with fxpro.com
▫️#EURCHF broke support level 0.9400;
▫️ Likely to fall to support level 0.9250.
📣Trade responsibly with fxpro.com
FxPro News
Forex - EURCHF Wave Analysis 28 August 2024 | Technical analysis
EURCHF broke support level 0.9400 Likely to fall to support level 0.9250 EURCHF currency pair is falling inside the minor impulse wave ii...