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Forex investments
bulls will rise after breakout above 104.50

bulls will rise after breakout above 104.50

USD / JPY is trading near 103.80, retreating from a fresh weekly high of 104.08. The pair still cannot rise above 104.00. According to chief analyst at FXStreet Valeria Bednarik, the bulls will benefit if…

Forex investments
EUR / USD forecast: Euro continued to the lowerside

EUR / USD forecast: Euro continued to the lowerside

Wave Analysis During the previous trading day, Euro continued to the lowerside but could not break below 1.22416. As long as we continue to see sustenance below 1.22416, we expect nothing but a possible momentum…

Forex investments
USD / JPY hits 3-week high above 104.00

USD / JPY hits 3-week high above 104.00

The upbeat sentiment for the dollar at the end of the week pushed USD / JPY to new 3-week highs above 104.00. USD / JPY rallies today for the third straight session, helped by a…

Forex investments
Markets overview.  Equities on a roll, US jobs data on radar

Markets overview. Equities on a roll, US jobs data on radar

Equity markets in Europe and the US enjoyed rallies yesterday as traders bought stocks on the back of the view that the future Biden administration will be keen to use stimulus packages to support the…

Forex investments
Gold dropped below $ 1900

Gold dropped below $ 1900

Gold dropped below $ 1,900, hitting a low of $ 1,876 in a sharp spurt, and then rallied to $ 1,890. Yields in the US are rising, making the precious metal less attractive. A Democratic…

Forex investments
GBP / USD Forecast: British pound continued to the lowerside

GBP / USD Forecast: British pound continued to the lowerside

Wave Analysis During the previous trading day, the British pound continued to the lowerside and even went below the lower trendline. Following the breakouts we expect nothing but a possible momentum to the lowerside. The…

Forex investments
USD / JPY Forecast: US Dollar broke and closed above the upper trend

USD / JPY Forecast: US Dollar broke and closed above the upper trend

Wave Analysis Yesterday, the US Dollar broke and closed above the upper trend line. As long as we continue to see sustenance above 103.115, we expect nothing but a possible momentum to the upper side,…

Forex investments
EUR / USD looks south amid a bearish pennant

EUR / USD looks south amid a bearish pennant

EUR / USD has retreated from lows, but remains under pressure around 1.2250. A steady rally in Treasury yields is supporting the US dollar ahead of critical data from the NFP. The US dollar index…

Forex investments
The USD / JPY breaches the resistance – Analysis – 08/01/2021

The USD / JPY breaches the resistance – Analysis – 08/01/2021

The USDJPY pair rallied upwards strongly yesterday to breach 103.65 level and settles above it, which leads the price to turn to rise on the intraday basis to head towards testing 104.20 level initially, which…

Forex investments
USD / JPY continues to rise to a four-week high

USD / JPY continues to rise to a four-week high

USD / JPY resumed its rally after pulling back to 103.50 and hit 103.95, its highest level in four weeks. The pair is hovering slightly below 104.00 with bullish momentum supported by a stronger US…