Oil prices will likely remain elevated as there are no signs that the Middle East tensions will ease anytime soon.
EUR/USD ahead of the Fed's meeting
Information is not investment advice
Investors are cautious ahead of the Fed’s meeting. Many analysts predict a rate cut before the year-end. However, we know that the American central bank is unpredictable. If Mr. Powell gives any hints on the rate cut, the USD will fall, as a result, EUR/USD will rise. In the case of the hawkish tone of the chairman, the pair will suffer.
On the H4, the pair has been trading near the upper boundary of the downward channel (1.1206). A break above it will increase chances for the further rise. However, comments will be in priority.
In the case of the upward movement, targets are at 1.1213, 1.12355 and 1.1258.
In the case of the fall, the pair will move to 1.1187 and 1.1168. A breakthrough these levels will provoke a plunge to 1.1134-1.1127.
EUR/NZD is consolidating within a symmetric triangle around 1.7400. Where will it go next?
GBP/CAD made a huge leap to the upside yesterday and got above 1.65 and arrived at the resistance line from May.
One of the most attractive bets on the positive outcome of the trade negotiation is selling XAU/USD.