Trading on key Forex news: we are expecting the publication of the ECB’s decision on the interest rate, as well as annual data on US GDP for the 2nd quarter (preliminary release).
The ascending trend for USD/CAD price continues. Estimated pivot point is at a level of 1.3109
The forecast is special today, as I’ll analyze not a single coin, but a whole sector of private cryptocurrencies. Details here.
The growth of USD against JPY reversed into a slight correction due to the closing of profitable long positions at key resistance levels. Yesterday, the pair lost more than 100 points and reached 112.00, but today it is regaining losses and moving towards local highs.
USD strengthened against CAD in view of comments by Fed head Jerome Powell, who spoke on Wednesday before the Financial Services Committee of the House of Representatives of the US Congress, and the Beige Book data.
Ascending trend for the USD/CHF price continues. Estimated pivot point is at a level of 0.9859
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US president criticizes Fed monetary policy and makes dollar bulls pause for a while
The EUR/USD price is still likely to decline. Estimated pivot point is at a level of 1.1790
GBP/USD price continues declining. Estimated pivot point is at a level of 1.3292