
NVIDIA is set to release its earnings results after the closing bell on February 24. What to expect?
Don’t waste your time – keep track of how NFP affects the US dollar!
Beginner Forex book will guide you through the world of trading.
We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.
Information is not investment advice
EUR/USD dropped, driven by rising US bond yields. From the technical point of view, the pair should pull back to the upside from the current levels. However, some analysts believe the recent drop of EUR/USD is the beginning of a further downtrend. Why?
Crédit Agricole: "We believe that the improving US outlook, coupled with more persistent inflation overshoot could result in higher UST yields and a stronger USD in coming months”.
Saxo Bank: "Real US yields have risen and a continuation of the spike could support the greenback and push EUR/USD over the edge of 1.2000 and thus into the old range down toward 1.1600".
EUR/USD has been moving in an ascending channel since mid-summer. Since it has approached the lower trendline at 1.2030, we can expect the pair to bounce off rather than break out. If it manages to break above the resistance of 1.2100, the way up to the 50-day moving average of 1.2150 will be open. In the opposite scenario, if the pair breaks below the lower trendline at 1.2030, the way down to the low of February 4 at 1.1950 will be open.
NVIDIA is set to release its earnings results after the closing bell on February 24. What to expect?
The Reserve bank of New Zealand holds a meeting on Wednesday at 3:00 MT time.
The poor labor data in combination with technicals pointing to the overbought area, GBP/USD has all chances to pullback down.
Ichimoku Kinko Hyo NZD/JPY: The pair is trading below the cloud…
Ichimoku Kinko Hyo CHF/JPY: The pair is trading above the cloud…
How to trade the main US stock market index now? Read the article!
Your request is accepted.
We will call you at the time interval that you chose
Next callback request for this phone number will be available in 00:30:00
If you have an urgent issue please contact us via
Live chat
Internal error. Please try again later