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

The labor market report from New Zealand, published on Wednesday, is the last major release before the RBNZ meeting at the end of May. Notably, instead of clarifying the outlook...

The NZD/USD pair is pulling back from a more than two-week high in the 0.6025–0.6030 level. Currently, the quotes have fallen below the psychological level of 0.6000, signaling a pause...

EUR/USD Analysis: The hourly chart of the major euro pair shows a dominant upward wave since early February. The correction forming over the past three weeks is nearing completion...

Although the past week was completely uninformative regarding fundamental indicators, it allowed adjustments to forecasts on economic growth, inflation, and the Reserve Bank of New Zealand's policy strategy based...

At the beginning of the upcoming week, the European currency is expected to continue moving sideways along the calculated counter-trend zones. A downward movement is more likely at the start...

Inflation in New Zealand in Q1 came in slightly above expectations, rising from 2.2% to 2.5% year-over-year. This was mainly due to the goods sector, while core inflation is slowing...

Analysis:Since February, EUR/USD has been forming an upward wave, with the final part (C) currently in progress. Recently, the pair pushed through the lower boundary of a strong potential reversal...

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EUR/USD Analysis: On the 4-hour chart of the euro major pair, an upward trend has been developing since early February. The structure of the wave has been forming its final...

The NZD/USD pair is attempting to regain positive momentum, supported by renewed US dollar selling. However, given the underlying fundamentals, bullish traders are advised to proceed with caution. Investors appear...