Elliott waves analysis – USD/JPY. A small correction before further growth.

USDJPY – Down In this pair, we unexpectedly saw a slight decline. So far, it looks like a corrective pullback within the forming upward impulsive movement. The price may decrease…

Elliott waves analysis – GBP/USD. The price is preparing to update the highs.

GBPUSD – Flat The situation with this pair is developing positively for buyers. The price has increased and is targeting an update of the current highs. This is supported by…

Elliott waves analysis – EUR/USD. The rise will soon be followed by a pullback.

EURUSD – Up The past trading day was once again successful for euro supporters. The price increased and managed to update the local high. However, this may be the end…

Forex Fundamental Analysis – Will the unemployment data interrupt the six-day bullish trend?

EURUSD – Up An event to look out for today: 15:30 GMT+3. USD – Unemployment rate EURUSD: The EUR/USD pair is trading in the bullish zone for the sixth consecutive…

Forex Fundamental Analysis – Possible consolidation of the pound over the dollar

GBPUSD – Flat An event to look out for today: 15:30 GMT+3. USD – Unemployment rate GBPUSD: The GBP/USD pair traded in a narrow range on Thursday as traders awaited…

Forex Fundamental Analysis – Waiting for US unemployment data

USDJPY – Down An event to look out for today: 15:30 GMT+3. USD – Unemployment rate USDJPY: The rise in USD/JPY raises expectations of currency intervention by the Japanese authorities.…

Forex Fundamental Analysis – EUR/USD moves up as Greenback flows change course

EURUSD – Up EURUSD: On Wednesday, the EUR/USD briefly rose above 1.0800 in response to US economic data that broadly failed to meet expectations. This has led to fresh hopes…

Forex Fundamental Analysis – UK election on Thursday could bring a new round of volatility

GBPUSD – Flat Event to pay attention to today: GBP – Parliamentary Elections GBPUSD: The pound/dollar exchange rate continued its short-term recovery on Wednesday, with a general softening of US…

Forex Fundamental Analysis – The Japanese yen (JPY) continues to flounder amid ultra-easy monetary policy from the Bank of Japan (BoJ)

USDJPY – Down USDJPY: The USD/JPY pair concluded Wednesday’s session with a marginal gain of 0.14 per cent, following a decline to a daily low of 160.77. This was driven…

Elliott waves analysis – USD/JPY. The price might enter a slight correction.

USDJPY – Down While there are some intrigues with the major European currencies traded against the dollar, the situation here remains quite calm. The Japanese yen made a weak attempt…

Elliott waves analysis – GBP/USD. The development of the third impulsive wave is expected.

GBPUSD – Flat It seems that the corrective decline in wave [ii] has finally concluded. It was somewhat awkward and does not fit the definition of a clear corrective model.…

Elliott waves analysis – EUR/USD. Buyers are trying to seize the initiative.

EURUSD – Up Euro supporters managed to use the previously broken boundary of the presumed final diagonal triangle as a support level and started to rise. This means not all…

Forex Fundamental Analysis – US data and FOMC will determine the direction of EUR/USD

EURUSD – Up Event to watch out for today: 11:00 GMT+3. EUR – Composite PMI 15:30 GMT+3. USD – Initial Jobless Claims Number 17:00 GMT+3. USD – ISM Services Business…

Forex Fundamental Analysis – UK general election and soft comments from the US Fed

GBPUSD – Flat Event to watch out for today: 11:30 GMT+3. GBP – Composite PMI 15:30 GMT+3. USD – Initial Jobless Claims Number 17:00 GMT+3. USD – ISM Services Business…

Forex Fundamental Analysis – Another opportunity for currency intervention by the Bank of Japan

USDJPY – Down Event to watch out for today: 15:30 GMT+3. USD – Number of initial claims for unemployment benefits 17:00 GMT+3. USD – ISM Service Sector Activity Index 21:00…

Elliott waves analysis – GBP/USD. The correction in the form of a zigzag continues to develop.

GBPUSD – Flat The price of this pair has also not yet determined its direction. However, the overall situation is more or less clear. It looks like a correction in…

Elliott waves analysis – EUR/USD. The situation remains unclear.

EURUSD – Up The situation continues to be uncertain. On one hand, the price managed to break above the upper boundary of the presumed final diagonal triangle and is trying…

Elliott waves analysis – USD/JPY. The initiative remains with the buyers.

USDJPY – Down The situation with this pair remains stable. As expected, after breaking the resistance from the Japanese yen, the dollar is slowly moving in the desired direction. This…

Elliott waves analysis – GBP/USD. The direction has changed again.

GBPUSD – Flat The British pound also failed to gain momentum. The growth was abruptly halted, and the price significantly declined. Now the situation favors a downward movement, likely due…

Elliott waves analysis – USD/JPY. The dollar will continue to appreciate against the yen.

USDJPY – Down The situation with this pair continues to develop under the full control of buyers. The dollar has completely overpowered the yen, and is now growing slowly and…

Forex Fundamental Analysis – The euro is experiencing a small pullback

EURUSD – Up Events to watch out for today: 12:00 GMT+3. EUR – Consumer Price Index 16:30 GMT+3. EUR – ECB President Christine Lagarde to deliver a speech 16:30 GMT+3.…

Forex Fundamental Analysis – Possible strengthening of the dollar over the pound

GBPUSD – Flat An event to look out for today: 16:30 GMT+3. USD – Chairman of the Board of Governors of the Federal Reserve Board Jerome Powell will deliver a…

Forex Fundamental Analysis – The yen continues to lose ground against the dollar

USDJPY – Down An event to look out for today: 16:30 GMT+3. USD – Chairman of the Board of Governors of the Federal Reserve Board Jerome Powell will deliver a…

Company News – Trading schedule changes for July 3rd and 4th

  Dear Traders, On July 4th, the United States celebrates Independence Day, leading to changes in the trading schedule on July 3rd and 4th. Trading Schedule:  Instrument Trading schedule July…

Elliott waves analysis – EUR/USD. Issues with directional movement again.

EURUSD – Up There are issues with directional movement again. Just as buyers had things going well, sellers quickly stepped in, pushing the price down by half of the formed…

Forex Fundamental Analysis – Strengthening of the euro due to the party of Marine Le Pen

EURUSD – Up Event to pay attention to today: 17:00 GMT+3. USD – ISM Manufacturing PMI EURUSD: The EUR/USD currency pair has risen for the third consecutive day, trading around…

Forex Fundamental Analysis – Pound in anticipation of the election

GBPUSD – Flat Event to pay attention to today: 17:00 GMT+3. USD – ISM Manufacturing PMI GBPUSD: The GBP/USD pair is trading at a stronger level around 1.2655 at the…

Forex Fundamental Analysis – Intervention fears may deter bulls from new bets on the main trend

USDJPY – Down Event to pay attention to today: 17:00 GMT+3. USD – ISM Manufacturing PMI USDJPY: The USD/JPY pair commenced the new week on a subdued note and consolidated…

Elliott waves analysis – USD/JPY. The price will continue to rise.

USDJPY – Down The situation with this pair remains unchanged. The dollar is calmly controlling the situation, adjusting its activity as needed. As a result, we see the price moving…

Elliott waves analysis – GBP/USD. The beginning of the development of the third impulsive wave.

GBPUSD – Flat The pound is trying to keep up with the euro and has also managed to start rising. Although the situation suggested another downward wave to complete the…