26.09.2022
Chicago 12, Melborne City, USA
Reviews

Forex Analysis & Reviews: 11.08.2022

Relevance up to 05:00 2022-08-12 UTC+00 The correction in wave 2/ is still ongoing and the price should ideally spike down to the 50% corrective target at 131.69 before the next impulsive rally higher towards 149.13. The long-term picture shows a huge [B]-wave triangle, that has been unfolding since 2008 and was completed with a […]

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Reviews

Forex Analysis & Reviews: 11.08.2022

At the close of the New York Stock Exchange, the Dow Jones rose 1.63% to a 3-month high, the S&P 500 rose 2.13% and the NASDAQ Composite rose 2.89%. The leading performer among the components of the Dow Jones index today was Walt Disney Company, which gained 4.30 points or 3.98% to close at 112.43. […]

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Reviews

Forex Analysis & Reviews: 11.08.2022

Relevance up to 02:00 2022-08-12 UTC+00 Yesterday’s data on US inflation showed its slight weakening. The core consumer price index stayed at the previous 5.9% y/y against expectations of growth to 6.1% y/y, the overall CPI fell from 9.1% y/y to 8.5% y/y. Markets lowered their expectations of the September Federal Reserve rate hike from […]

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Reviews

Forex Analysis & Reviews: 10.08.2022

The markets exhaled sharply on the evening of Wednesday, August 10 and appreciated the long-awaited report on inflation in the United States. However, it brought disappointments to the greenback, as it contributed to the rocket take-off of the euro. According to the US Bureau of Labor Statistics, July inflation, as measured by the consumer price […]

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Reviews

Forex Analysis & Reviews: 10.08.2022

US inflation disappointed: all components of today’s release came out in the red zone, significantly falling short of the forecast estimates. The core consumer price index showed a particularly weak result: experts expected it to slow down, but the real figures were below the forecast level. Traders of dollar pairs clearly did not expect such […]

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Reviews

Forex Analysis & Reviews: 10.08.2022

The key exchange indicators of Western Europe showed a slight increase at Wednesday’s trading. Market participants refrain from taking decisive steps in anticipation of the release of statistics on July inflation in the United States. In addition, investors continue to analyze quarterly and semi-annual reports of large European companies. Thus, by the time of writing, […]

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Reviews

Forex Analysis & Reviews: 10.08.2022

Analysis of Wednesday’s deals: 30M chart of the GBP/USD pair The GBP/USD pair, after leaving the descending channel a day earlier, showed an impressive growth today. However, we all understand what caused this growth. If there was no US inflation report on Wednesday, then there is a 90% probability that the pound’s growth would not […]

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Forex Analysis & Reviews: 10.08.2022

Relevance up to 21:00 UTC+00 Overview: The GBP/USD pair rose to 1.2280 at the beginning of August before taking another leg lower to 1.2147. The pair briefly breached parity on August 10, as markets reacted to US inflation figures. That was followed by an immediate rebound that sent the GBP/USD pair back above the 1.2147 […]

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Reviews

Forex Analysis & Reviews: 10.08.2022

Overview: The EUR/USD pair’s rise from the price of 1.0265 resumes today and accelerates to as high as 1.0369 so far. Immediate concentration is now on 1.0265 resistance turned support, which is close to 100 day EMA (now at 1.0300). Decisive break there ague that such a rally is at least correcting the fall from […]

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Reviews

Forex Analysis & Reviews: 10.08.2022

Relevance up to 19:00 2022-08-11 UTC+00 The EUR/USD pair rallied in the short term and managed to escape from the extended range pattern. It has climbed as much as 1.0368 where it has found resistance. Now, it is traded at 1.0310 at the time of writing. The currency pair registered sharp movements after the US […]

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