
Russian-Ukrainian conflict is influencing every economic aspect…
EUR/USD is moving in an uptrend. It has approached the key resistance of 1.2170, which it has failed to break a few times already. If it jumps above it, the way up to the next round number of 1.2200 will be clear. On the flip side, the pair is unlikely to break the 50-period moving average of 1.2130 as it has been nicely supporting the pair since November. The Fed’s meeting on Wednesday will have a huge impact on the pair.
The British pound regained its recent losses. GBP/USD is trading inside ascending channel. If it jumps above the key resistance of 1.3400, the way up to the high of December 3 at 1.3460 will be clear. On the flip side, the move below the recent lows of 1.3300 will push the pair to the next support of 1.3200.
XAU/USD has approached the level of the recent highs at $1 845. Since it has failed to cross it several times, we can expect the pullback. If it manages to break it through, the way up to the high of December 8 at $1 870 will be clear. Support levels are $1 810 and $1 770.
The Australian dollar dipped amid the risk-off market sentiment. It is getting closer to the key psychological mark of 0.7500. It’s unlikely to break it by the first attempt, therefore we may see a retracement. If it finally drops below 0.7500, the way down to the 50-period moving average of 0.7470 will be open. Resistance levels are 0.7580 and 0.7600.
Russian-Ukrainian conflict is influencing every economic aspect…
Last week was full of surprises! The US dollar plunged despite a better-than-expected retail sales report…
Last week was very interesting for the markets, as we saw the releases of the US Inflation and Disney’s earnings report. So let's see what we should await this week!
The US Bureau of Economic Analysis will publish Core Personal Consumption Expenditures (PCE) on May 27 at 15:30 GMT+3.
The United States will publish the Preliminary GDP on Thursday, May 26, at 15:30 GMT+3.
The Reserve Bank of New Zealand will publish a monetary policy report and make an update on the interest rate on May 25, at 05:00 GMT+3.
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