Great Britain released retail sales data on May 20, 9:00 GMT+3. The reading outperformed expectations greatly (+1.4% actual vs. -0.3% forecast).
AUD/USD: Aussie is looking for a bottom
2019-11-11 • Updated
TP1 0.7285 TP2 0.7325 TP3 0.7390
On the daily chart, AUD/USD reached an important support at 78.6% of the long-term wave and 200% target of AB=CD. The fact that the pair entered the convergence area increases the risks of a pullback to the downtrend. A break of support will open the way down to 0.6975.
On H1, AUD/USD is now able to form “Wolfe waves” pattern. To trigger it, the pair has to return to the previous consolidation range of 0.7165-0.7225 and trigger a “Shakeout-Fakeout” pattern.
Japan's inflation is set to reach 2% in April's reading, for the first time since 2015. But what about the weaker Yen?!
Last week brought a selloff in markets. Some assets reached the most crucial support levels and are likely to reverse in a short term. Be ahead of trends and make the most out of this week!
Crash of LUNA ecosystem and halving cycles. Glimpse into the future of the crypto market with FBS experts!
Last week blew traders' minds! The US dollar dropped for the first time in seven weeks after Jerome Powell's speech on Tuesday…
The pandemic continues hurting economic activity in China, the war in Ukraine is hitting the entire European economy, and the Fed's efforts to control inflation threaten to trigger a recession.