Author: forex24pro

The Japanese yen remained near 139 per dollar, approaching a six-month low of 140, which was tested by buyers in May this year. At the same time, the Bank of Japan maintained its policy of minimum interest rates, despite market pressure and stable inflation. At the same time, major central banks continued to pursue tight monetary policy. Unexpectedly, the Bank of Canada and the Reserve Bank of Australia raised interest rates, raising expectations that the Federal Reserve will make another rate hike in July. The latest data also showed that the Japanese economy grew much more than expected in the…

Gold rose above $1960 on Friday and was expected to end the week higher. This was driven by a weaker dollar due to a rise in weekly US jobless claims, fueling expectations that the Federal Reserve (Fed) will put a hold on interest rate hikes next week. Markets now expect the Fed to keep rates unchanged at next week’s meeting before resuming the tightening cycle in July. The European Central Bank and the Bank of Japan are also due to make decisions on monetary policy next week. At the same time, investors are being cautious as the International Monetary Fund…

On Friday, the New Zealand dollar traded near 0.6088, staying close to its highest level in over two weeks. Traders pondered the decisions of several central banks to raise interest rates last week. The Reserve Bank of Australia and the Bank of Canada surprised the markets by raising interest rates by 25 basis points, respectively, after a pause in the previous meeting. Investors are also looking ahead to the release of New Zealand’s first-quarter GDP growth, which is forecast to be marginal after contracting 0.6% in the previous quarter due to adverse weather earlier in the year. Over the week,…

Currency pair USD/CHF Dollar/Franc completes the trading week near the level of 0.9007. The pair continues to move within the correction and left the limits of the descending channel. Moving averages indicate a bearish trend. Prices went down from the area between the signal lines, which indicates pressure from sellers of the US currency and a potential continuation of the fall of the instrument from current levels. At the moment, we should expect an attempt to develop a price reduction and test the support area near the level of 0.8915. Further, a rebound upwards and an attempt to continue the…

Bitcoin BTC/USD ends the trading week at 26583, continues to move as part of the development of a bearish correction and a bullish channel. Moving averages indicate a bullish trend. Prices are again testing the area between the signal lines, which indicates pressure from buyers of the asset and a potential continuation of the growth of asset quotes. At the moment, we should expect an attempt to develop a correction in the price of the coin and a test of the support area near the level of 25105. From where we should again expect a rebound upwards and continued growth…

Ethereum ETH/USD ends the trading week at 1839 and continues to move within the correction and bullish channel. Moving averages indicate the presence of a bullish trend for ETH/USD. Prices are again testing the area between the signal lines, which indicates pressure from cryptocurrency buyers and a potential continuation of growth already from current levels. At the moment, we should expect an attempt to develop a price decrease and a test of the support level near the area of 1725. From where we should again expect a rebound upwards and continued growth in the rate and cost of Ethereum with…

Litecoin LTC/USD ends the trading week at 87.82 and continues to move as part of the correction and the formation of the “Triangle” model. Moving averages indicate a bullish trend. Prices are again testing the area between the signal lines. This indicates pressure from buyers of the digital asset and the potential continued growth of the Litecoin rate in the current trading week. At the moment, we should expect an attempt to develop a price correction and a test of the support area near the level of 81.45. Where can we expect a rebound again and an attempt to continue…

Silver complete the trading week near the 24.30 area. Quotes continue to move within the growth and bullish channel. Moving averages indicate the presence of a bullish trend for the asset. Prices have gone up from the area between the signal lines, which indicates pressure from buyers of the metal and a potential continuation of growth already from current levels. At the moment, we should expect an attempt to develop a slight decrease in the value of the asset and a test of the support level near the area of 23.75. Further, the continuation of the rise in the price…

Quotes of the S&P 500 stock index continue to move as part of growth and a bullish channel. Moving averages indicate a short-term uptrend. Prices broke through the area between the signal lines up, which indicates pressure from buyers of the asset and a potential continuation of the growth of the stock index on the market already from current levels. At the time of the publication of the forecast, the index is trading at 4295. At the moment, we should expect an attempt to develop a correction and test the support level near the 4175 area. Where should we expect…

Currency pair Australian Dollar to US Dollar AUD/USD continues to move within the correction and the downward channel. Moving averages indicate the presence of a short-term bearish trend. Prices have broken through the area between the signal lines down, which indicates pressure from sellers of the currency pair and a potential continuation of the fall in the value of the instrument already from current levels. At the time of the publication of the forecast, the Australian Dollar exchange rate against the US Dollar is 0.6640. At the moment, we should expect an attempt to continue the development of the bullish…