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: the AUD left the downward channel
2019-11-11 • Updated
BUY 0.715 SL 0.7095 TP1 0.725 TP2 0.7275 TP3 0.7335
BUY 0.726 SL 0.7205 TP1 0.7335 TP2 0.738 TP3 0.748
On the daily chart of AUD/USD, the pair managed to leave the downward channel. To continue the upward movement to the 88.6% target of the “Shark” pattern, bulls need to break above the November high.
On H1, the pair reached targets of the “Three Indians” pattern. A rebound from the support at 0.715 or a break of the resistance at 0.726 will let bulls continue the rally to 88.6% and 113% patterns of the “Shark”.
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.