Forex Analysis for XAU/USD

EUR/USD: What the ECB and Fed Will Do  ● There was a significant amount of news last week, so we will highlight and analyse only the most important ones.Germany set the tone for European statistics, with consumer inflation rising instead of falling. According to the initial estimate, the Consumer .....

EUR/USD: Europe is Not Doing Very Well, the US is Not Doing Very Badly ● The main events in the currency market will unfold in the upcoming week, with meetings scheduled for Wednesday, 31 July, when the Bank of Japan and the Federal Reserve's FOMC (Federal Open Market Committee) will convene, foll.....

EUR/USD: FOMC - Are Surprises Expected on 31 July? ● This review will begin somewhat unusually, not from the start, but from the end of the past work week. On the evening of 18 July and the morning of the 19th, system administrators and users encountered non-functional servers and PCs running Wind.....

Since ancient times, gold has remained a crucial element of global economies. Its unique properties have made it not only valuable as jewellery but also a reliable means of preserving wealth. Today, this metal constitutes a significant part of both investor portfolios and central bank reserves. Th.....

EUR/USD: The US is Not Very Good, Europe is Not Very Bad ● On Friday, June 5, the Dollar Index (DXY) hit a three-week low, while the euro showed its largest weekly gain against the dollar in a year. This was due to the US not performing as well as expected and Europe not faring as poorly. ● Disap.....

EUR/USD: Inflation in the US – Everything is Going According to Plan ● Last week, specifically on Thursday, 27 June, the dollar received support from positive macroeconomic data from the US. The Department of Commerce reported that according to the final estimate, the US GDP grew by 1.4% in Q1, ag.....

EUR/USD: Eurozone - Rising Inflation, Falling Economy ● As revised Eurostat data published on Monday, June 17, showed, inflation (CPI) in the 20 Eurozone countries accelerated to 2.6% (y/y) in May, compared to 2.4% in April when it was at its lowest since November 2023. The consumer price index in.....

EUR/USD: Hawkish Sentiments of the Fed ● As expected, the key day of last week was Wednesday, 12 June. After the publication of inflation data in the USA, the dollar came under strong pressure. Fresh figures showed that in May, the overall inflation rate (CPI) in annual terms decreased to 3.3% com.....

14.06.2024EURUSD, “Euro vs US Dollar” The EURUSD pair has completed a corrective wave, reaching 1.0814, and continued a decline wave. Today, the market is forming a narrow consolidation range above the 1.0733 level. With an upward breakout, the price might rise to 1.0770. With a downward breakout, t...

13.06.2024EURUSD, “Euro vs US Dollar” The EURUSD pair has exited the consolidation range upwards amid the news, practically forming a correction of the last decline wave, with a target at 1.0850. Today, the market is forming a decline wave structure, aiming for 1.0772. After reaching this level, the...

12.06.2024EURUSD, “Euro vs US Dollar”The EURUSD pair has completed a wave, reaching 1.0717. Practically, the market continues to develop a consolidation range around 1.0750. Today, the price is expected to rise towards 1.0750 (testing from below). Following this, a decline wave might start, aiming f...

11.06.2024EURUSD, “Euro vs US Dollar” The EURUSD pair has completed a wave, reaching 1.0732, and started to form a consolidation range above this level. Today, the market has breached the range’s upper boundary and extended it towards 1.0770. A rise towards 1.0780 is possible, which is interpreted a...

10.06.2024EURUSD, “Euro vs US Dollar” The EURUSD pair has completed a correction, reaching 1.0901, and initiated a new decline wave. A consolidation range formed around 1.0826 and, breaking below it, the market today reached the decline wave’s local target of 1.0750. Subsequently, a rise at least to...

EUR/USD: Who Controls the Financial Market ● It is clear that interest rates rule the markets, not only in terms of actual changes but also regarding expectations about the timing and magnitude of future changes. From spring 2022 to mid-2023, the focus was on raising rates; now, the expectation ha.....

07.06.2024EURUSD, “Euro vs US Dollar” The EURUSD pair is currently in a consolidation phase around 1.0881, with the range potentially expanding towards 1.0909 today. After reaching this level, the price is expected to decline to 1.0881. A breakout of this level will open the potential for a wave tow...

06.06.2024EURUSD, “Euro vs US Dollar” The EURUSD pair has completed a downward impulse towards 1.0854 and corrected towards 1.0893, with a consolidation range forming below this level today. A downward breakout and a decline towards 1.0833 are expected. If this level also breaks, it will open the po...

05.06.2024EURUSD, “Euro vs US Dollar” The EURUSD pair has completed a downward impulse to 1.0858 and corrected towards 1.0886, with a consolidation range forming below this level today. A downward breakout and a decline towards 1.0845 are expected. If this level also breaks, it will open the potenti...

04.06.2024EURUSD, “Euro vs US Dollar” The EURUSD pair continues to develop a decline wave towards 1.0444, representing the estimated target. Another wave structure targeting 1.0607 and a correction towards 1.0894 have been completed. Today, a consolidation range might form below this level. With a d...

04.06.2024EURUSD, “Euro vs US Dollar” The EURUSD pair has completed a growth wave, reaching 1.0915. Today, a consolidation range is forming below this level. A downward breakout and a decline towards 1.0845 are expected. A downward breakout of this level will open the potential for a wave towards 1....

03.06.2024EURUSD, “Euro vs US Dollar”The EURUSD pair is forming a wide consolidation range around the 1.0845 level. The market has extended the range towards 1.0881 and returned to 1.0840. Today, another growth structure targeting 1.0902 might develop, followed by a decline towards the range’s lower...

EUR/USD: Awaiting a Turbulent Week ● Recall that Monday, 27 May was a holiday in the US. However, on Tuesday, dollar bulls took control, and the DXY Index started to rise, bolstered by a significant increase in the US Consumer Confidence Index (from 97.5 to 102.0 against a forecast of 96.0). Conse.....

31.05.2024EURUSD, “Euro vs US Dollar”The EURUSD pair has completed a decline wave to 1.0780 and a correction to 1.0844. Today, the market is forming a declining structure to 1.0808. After reaching this level, a rise to 1.0825 is possible. Next, another decline wave to 1.0789 is expected, potentially...

30.05.2024EURUSD, “Euro vs US Dollar”The EURUSD pair formed a decline wave targeting 1.0830 and corrected to 1.0857. Subsequently, the market continued the downward wave towards 1.0812. At the moment, a narrow consolidation range has formed around this level. Today, the market broke out of the range...

29.05.2024EURUSD, “Euro vs US Dollar”The EURUSD pair is forming a decline wave targeting 1.0830. After the price reaches this level, a corrective phase could follow, aiming for 1.0854 (testing from below). Subsequently, a new wave could start, targeting 1.0820 and potentially continuing towards 1.07...

28.05.2024EURUSD, “Euro vs US Dollar”The EURUSD pair has exited a consolidation range upwards, considering a further correction towards 1.0881. Once the correction is complete, a new decline wave aiming for 1.0803 could start, followed by a rise towards 1.0840 (testing from below). Subsequently, the...

27.05.2024EURUSD, “Euro vs US Dollar”The EURUSD pair is currently in a consolidation phase around 1.0830. The market has extended the range down to 1.0803, expanding it upwards to 1.0851 today. Another decline structure aiming for 1.0815 is expected. A breakout of this level will open the potential ...

EUR/USD: The Battle of Europe and US PMIs ● Overall, the past week favoured the dollar, but the advantage over the European currency was minimal. If you look at where the EUR/USD pair was on 15 May, it returned to this zone on 24 May, regaining the losses of recent days. Recall that the report fro.....

24.05.2024EURUSD, “Euro vs US Dollar”The EURUSD pair has performed a wave of decline to 1.0803. Today, the market is forming a consolidation range above this level, potentially further declining towards 1.0801. A subsequent correction towards 1.0830 is probable, followed by a potential decline to 1....

23.05.2024EURUSD, “Euro vs US Dollar”The EURUSD pair performed a wave of decline to the 1.0818 level. Today, the market is forming a consolidation range above this level. A decline towards 1.0780 could occur, followed by a rise towards 1.0830, representing the local target for the correction wave.GB...

22.05.2024EURUSD, “Euro vs US Dollar”The EURUSD pair is currently in a consolidation phase around 1.0857. Today, a downward breakout towards 1.0831 is expected. After the price reaches this level, a new narrow consolidation range might form. A downward breakout will open the potential for a wave tow...