
Russian-Ukrainian conflict is influencing every economic aspect…
EUR/USD has reversed down from the 50-period moving average of 1.1850. Indeed, the 50-period MA is a strong resistance for EUR/USD, just look how many times the pair has failed to cross it in the past. The move below Tuesday’s low of 1.1810 will press the pair down to yesterday’s low of 1.1780.
XAU/USD is has reversed from the 38.2% Fibonacci retracement level of $1815. It’s likely to fall to the $1790 support which lies at the 100-day moving average and the 23.6% Fibo level. It’s unlikely to break it on the first try, but if it does, the way down to late-June lows of $1790 will be open. Resistance levels are at $1815 and $1833.
It’s quite an interesting situation on the NZD/USD chart. The pair has approached the 0.6930 support, which it has failed to cross a few times. Thus, the reverse up may occur. However, the ongoing risk-off mood may press the risky NZD down. If the pair closes below the 0.6930 support on smaller timeframes (H1, H4), it’s likely to keep falling to the next round number of 0.6800. On the flip side, the jump above the 0.7000 psychological mark will push the pair to the 200-day moving average of 0.7050.
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 Australian Bureau of Statistics will announce the updated Unemployment Rate and Employment Change data on Thursday, May 19, at 04:30 MT.
The UK Office for National Statistics will publish Consumer Price Index (CPI) data on Wednesday, May 18, at 09:00 MT.
The US Census Bureau will announce Core Retail Sales and Retail Sales on Tuesday, May 17 at 15:30 MT.
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