InstaForex Dean Leo
Hot forecast for GBP/USD on April 2, 2024
It is a well-known fact that the market cannot stand still for a long time, and sooner or later, movement becomes inevitable. Moreover, the longer the stagnant phase, the more significant the subsequent leap. So, in general, it is not surprising that the...
6 months ago
Hot forecast for EUR/USD on April 8, 2024
Something strange and peculiar is happening in the market. For instance, on Wednesday, the pair sharply grew after the eurozone inflation data, but then it completely reversed all that movement. Take note that inflation in Europe continues to decline. Som...
6 months ago
Hot forecast for EUR/USD on April 11, 2024
Everyone was expecting US inflation to rise, but no one could have imagined that consumer prices would accelerate to 3.5%. After all, inflation was forecasted to rise from 3.2% to 3.4%. Therefore, it is not surprising that the dollar surged. Moreover, the...
6 months ago
Hot forecast for EUR/USD on April 12, 2024
The main outcome of the European Central Bank's meeting clarified the timing of the monetary easing cycle. The first interest rate cut is planned for June. Overall, this aligns with market expectations, so the euro did not sharply drop. Especially conside...
6 months ago
Hot forecast for EUR/USD on April 15, 2024
So, the European Central Bank has confirmed its intention to start cutting rates in June, which has become the fundamental reason why the euro is falling. And while it was quite a logical move, it is also worth highlighting the pair's excessive local over...
6 months ago
Hot forecast for EUR/USD on April 16, 2024
Not only has the apparent divergence in the future actions of the European Central Bank and the Federal Reserve literally set the euro on a path towards parity with the dollar, but now the economic reports are also mounting pressure on the single currency...
6 months ago
Hot forecast for EUR/USD on April 17, 2024
US industrial production has stopped declining, but it has not grown either. The -0.2% decline was expected to be replaced by 0.6% growth. However, that didn't happen. What's remarkable is that although the US dollar is clearly overbought, the EUR/USD pai...
5 months ago
Hot forecast for EUR/USD on April 18, 2024
In the absence of economic reports or other news that could affect the market, investors finally paid attention to the dollar's overbought condition. So, there was nothing to prevent the local correction, which, by the way, is still far from over. The mar...
5 months ago
Hot forecast for EUR/USD on April 19, 2024
Instead of continuing the correction, the dollar strengthened again, and the market returned to levels it was at just a couple of days ago. The greenback emerged after Federal Reserve officials delivered statements regarding interest rates. Once again, th...
5 months ago
Hot forecast for EUR//USD on April 22, 2024
The volume of short positions on EUR/USD fell around the support level of 1.0600. As a result, there was a rebound, and the euro recovered approximately 0.5% of its value.On the 4-hour chart, the RSI hovered along the 50 mid line, indicating uncertainty a...
5 months ago
Hot forecast for EUR//USD on April 23, 2024
The EUR/USD pair is moving around the base of the downward cycle, where a sideways range has formed. The support level is at 1.0600, while the peak of this sideways range may reach the value of 1.0700.On the 4-hour chart, the RSI hovered along the 50 mid...
5 months ago
Hot forecast for EUR//USD on April 26, 2024
The EUR/USD pair has settled above the level of 1.0700, which is a positive sign that suggests that the volume of long positions will rise.On the four-hour chart, the RSI technical indicator is hovering in the upper area of 50/70, which points to the grow...
5 months ago
Hot forecast for EUR/USD on May 6, 2024
Just a few days ago, Federal Reserve Chair Jerome Powell expressed uncertainty regarding the timing for the rate cut due to the strong US economy. However, if the situation were to deteriorate, the central bank would promptly take action. On Friday, the m...
5 months ago
Hot forecast for EUR/USD on July 29, 2024
Considering the empty economic calendar, it's no surprise that market conditions remain unchanged. The dollar is treading water. This situation will likely persist until the Federal Open Market Committee (FOMC) meeting occurs on Wednesday. It's not just a...
2 months ago