FX.co ★ Daily Forex Analytics. Forecast of the currency exchange rate for today

As we have already discussed, it no longer makes sense to expect a rate cut from the Federal Reserve. The latest Consumer Price Index report showed that inflation exceeds...

The current week has been quite dull, although both FOMC and ECB members made several important statements. The euro saw demand on Wednesday, but this was clearly a correction. Last...

The more we hear positive news from the US economy, the more the market becomes convinced that EUR/USD is moving towards parity. Societe Generale says that if the Federal Reserve...

The wave analysis of the GBP/USD pair remains quite complex but may become simpler in the coming weeks. A successful attempt to break the Fibonacci level of 50.0% indicates...

The wave analysis of the 4-hour chart for the EUR/USD pair remains unchanged. At the moment, we observe the construction of the presumed wave 3 within wave...

Trade Analysis and Advice for the Japanese Yen The test of the price at 154.45 occurred when the MACD indicator had significantly risen from the zero mark, limiting the upward...

Trade Analysis and Advice for the British Pound The test of the price at 1.2463 in the first half of the day coincided with the beginning of the MACD indicator's...

The test of the price at 1.0675 in the first half of the day occurred at a moment when the MACD indicator had moved significantly down from the zero mark...

In my morning forecast, I pointed out the level of 1.2447 and planned to make trading decisions based on it. Let's look at the 5-minute chart and analyze what happened...

We believe that the euro could continue to rise in the next few hours. So, we should expect there to be a consolidation above 1.0640 or around this area...