EUR/USD, “Euro vs US Dollar”

After reaching the short-term correctional target at 1.1598, EURUSD is expected to form a new descending structure towards 1.1567. Later, the market may start another growth to reach 1.1611 and then resume falling with the target at 1.1500.

EURUSD

GBP/USD, “Great Britain Pound vs US Dollar”

After breaking 1.3639 to the upside, GBPUSD is expected to continue growing towards 1.3691. After that, the instrument may trade downwards to return to 1.3639 and then start a new growth with the target at 1.3710.

GBPUSD

USD/RUB, “US Dollar vs Russian Ruble”

USD/RUB has broken 72.00 to the upside. Today, the pair may correct to reach 72.49 and then resume falling within the downtrend with the target at 71.44.

USDRUB

USD/JPY, “US Dollar vs Japanese Yen”

USD/JPY is still forming a new consolidation rage around 113.33, After expanding the range up to 113.77, the asset has completed the descending structure at 113.20 along with the correction towards 113.55. If later the price breaks this range to the upside, the market may start another growth to reach 114.00; if to the downside – form a new descending structure with the target at 112.90.

USDJPY

USD/CHF, “US Dollar vs Swiss Franc”

USD/CHF is falling towards 0.9230. After that, the instrument may form one more ascending structure to reach 0.9263 and then resume trading downwards with the target at 0.9216.

USDCHF

AUD/USD, “Australian Dollar vs US Dollar”

AUD/USD is still consolidating around 0.7365. Today, the pair may resume growing to reach 0.7408 and then start a new decline with the target at 0.7311.

AUDUSD

Brent

Brent has finished the descending structure at 82.40; right now, it is growing towards 85.00. Later, the market may start another decline to return to 83.55.

Brent

XAU/USD, “Gold vs US Dollar”

After completing the correction at 1758.00 and starting a new ascending wave with the short-term target at 1803.30, Gold has already reached 1795.00. Possibly, the metal may fall towards 1777.00 and then resume trading upwards to reach the above-mentioned target.

XAUUSD

S&P 500

The S&P index is still consolidating around 4354.5; it has already completed the ascending structure at 4380.0 and may continue growing towards 4438.8. After that, the instrument may start another decline to break 4327.0 and then continue trading downwards with the target at 4154.5.

S&P 500

Before you enter foreign exchange and stock markets, you have to remember that trading currencies and other investment products is trading in nature and always involves a considerable risk. As a result of various financial fluctuations, you may not only significantly increase your capital, but also lose it completely. Therefore, our clients have to assure RoboForex that they understand all the possible consequences of such risks, they know all the specifics, rules and regulations governing the use of investment products, including corporate events, resulting in the change of underlying assets. Client understands that there are special risks and features that affect prices, exchange rates and investment products.

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Editors’ Picks

EUR/USD holds above 1.0800 ahead of US inflation data

EUR/USD holds above 1.0800 ahead of US inflation data

EUR/USD stays in positive territory above 1.0800 after registering its highest daily close in over a month on Tuesday. The data from the Eurozone showed that the GDP grew at an annual rate of 0.4% in Q1. Focus shifts to April inflation report from the US.

EUR/USD News

GBP/USD advances above 1.2600, all eyes on US CPI data

GBP/USD advances above 1.2600, all eyes on US CPI data

GBP/USD preserves its bullish momentum and trades at its highest level in nearly two weeks above 1.2600 in the European session on Wednesday. The US Dollar struggles to find demand and allows the pair to stretch higher ahead of April CPI and Retail Sales data from the US.

GBP/USD News

Gold climbs above $2,370 as US yields edge lower ahead of inflation data

Gold climbs above $2,370 as US yields edge lower ahead of inflation data

Gold extends its uptrend and trades above $2,370 in the European session on Wednesday after gaining nearly 1% on Tuesday. The benchmark 10-year US Treasury bond yield stays in the red below 4.5% ahead of US inflation data, helping XAU/USD keep its footing.

Gold News

Ripple’s discounts for institutional clients stir debate among attorneys discussing SEC lawsuit

Ripple’s discounts for institutional clients stir debate among attorneys discussing SEC lawsuit

Ripple price consolidates in a tight range around $0.50 on Wednesday as the Securities and Exchange Commission (SEC) legal battle against payment-remittance firm Ripple intensifies with two key issues in focus this week. 

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US CPI data expected to show slow progress towards 2% target

US CPI data expected to show slow progress towards 2% target

The US Consumer Price Index is set to rise 3.4% YoY in April, following the 3.5% increase in March. Annual core CPI inflation is expected to edge lower to 3.6% in April. The inflation report could influence the timing of the Fed’s policy pivot.

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