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Navigate the Financial Wilderness!
Navigate the Financial Wilderness!

Forex & Financial news and FxPro analytics

Downside PMI Surprise Brought the Euro Closer to the Critical Zone
Market Overview
Downside PMI Surprise Brought the Euro Closer to the Critical Zone

The European session on Friday started with a new wave of euro selling, which was supported by weak preliminary PMIs. According to June estimates, the strengthening of economic activity in the eurozone, which has been gaining momentum since October, is.

Crypto didn’t dare to grow
Crypto Review
Crypto didn’t dare to grow

Market picture The crypto market failed to get on a growth path, with its capitalisation falling 1.5% to $2.35 trillion in the last 24 hours. Cryptocurrencies have had their wings clipped by the sell-off in equity markets, reflecting a downturn.

USDJPY Wave Analysis 20 June 2024
Technical analysis
USDJPY Wave Analysis 20 June 2024

– USDJPY broke strong resistance level 157.65 – Likely to rise to resistance level 160.00 USDJPY currency pair recently broke above the strong resistance level 157.65 (which has been steadily reversing the price from the end of April, as you.

CADJPY Wave Analysis 20 June 2024
Technical analysis
CADJPY Wave Analysis 20 June 2024

– CADJPY under bullish pressure – Likely to rise to resistance 117.00 CADJPY currency pair under the bullish pressure after the price broke above the key resistance level 115.40 (which stopped the previous impulse wave 1 at end of May)..

The SNB brought the CHF back to the downside by cutting the rate
Market Overview
The SNB brought the CHF back to the downside by cutting the rate

The Swiss National Bank cut its key rate by 0.25 percentage points to 1.25%. The decision surprised markets, which, on average, expected no change after a similar move in March. The SNB also issued a warning that it is ready.

Ethereum and Solana get support
Crypto Review
Ethereum and Solana get support

Market picture The crypto market added 1% in 24 hours to $2.4 trillion, supported by positive momentum in Bitcoin (+0.9%) and interest in Ethereum (+2%). Top altcoins are mostly adding to the levels of the day before except for falling.

USDCAD Wave Analysis 19 June 2024
Technical analysis
USDCAD Wave Analysis 19 June 2024

– USDCAD reversed from pivotal resistance level 1.3760 – Likely to fall to support level 1.3675 USDCAD currency pair under the bearish pressure after the price reversed down 3 times in a row from the pivotal resistance level 1.3760 (which.

FTSE 100 index Wave Analysis 19 June 2024
Technical analysis
FTSE 100 index Wave Analysis 19 June 2024

– FTSE 100 index reversed from support level 8140.00 – Likely to rise to resistance level 8300.00 FTSE 100 index recently reversed up from the key support level 8140.00 (which has been reversing the price from the end of April),.

CADCHF Wave Analysis 18 June 2024
Technical analysis
CADCHF Wave Analysis 18 June 2024

– CADCHF broke key support level 0.6465 – Likely to fall to support level 0.6400 CADCHF currency pair under the bearish pressure after breaking the key support level 0.6465 (which started the impulse wave C in February). The breakout of.

AUDUSD Wave Analysis 18 June 2024
Technical analysis
AUDUSD Wave Analysis 18 June 2024

– AUDUSD reversed from key support level 0.6580 – Likely to rise to resistance level 0.6700 AUDUSD currency pair recently reversed up from the key support level 0.6580 (which has been reversing the price from the start of May) coinciding with.

Jump in US manufacturing and consumer caution
Market Overview
Jump in US manufacturing and consumer caution

US retail sales rose 0.1% in value for May, worse than the 0.3% rise expected after a 0.2% decline a month earlier. Total sales were 2.5% higher than a year earlier, lagging the 3.3% inflation over the same period. In.

RBA readiness to hike is positive for AUD
Market Overview
RBA readiness to hike is positive for AUD

The Reserve Bank of Australia kept its key rate at a 12-year high of 4.35%. The market widely expected the decision, so it did not cause a spike in volatility. However, we note that the RBA warned that it was.

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