TifiaFX / Blog

Prospects for AUD look negative against the US dollar...

After in July, the prices for WTI oil reached the next annual maximum near the mark of 73.85 dollars per barrel, later prices fell sharply. As a result of a sharp decline on Wednesday, the price reached the first important support level of 65.87 (EMA144 on the daily chart...

Since mid-April, the NZD / USD has been trading in a downward channel, falling from the level of 0.7380. After the breakdown of the important support levels of 0.7240 (the Fibonacci level 38.2% of the upward correction to the global wave of decline of the pair from the level of 0...

On the eve of the publication of data from the US labor market (12:30 GMT), traders avoid trading in large volumes. Activity of traders is low. The EUR / USD has been trading in the narrow range near the 1.1580 mark since the opening of the trading day. Pressure on the Eurodollar remains...

From the middle of April and from the level of 1.4340, the GBP / USD fell sharply. The decrease to current levels was almost 10%. Starting in May, GBP / USD is traded in a downward channel on the daily chart, the lower limit of which is near the support level of 1.2900...

The yen fell on Tuesday after the decision of the Bank of Japan to maintain its current monetary policy unchanged. The Bank of Japan retained the key short-term rate at the level of -0.1% and the zero target level of 10-year government bonds yield...

Since mid-April, EUR / USD has been trading in a downward channel on the weekly chart, the lower limit of which is near the support level 1.1285 (Fibonacci level 23.6% of the correction to the fall from 1.3900, which began in May 2014...

The US dollar is declining on Tuesday. Nevertheless, so far this reduction should be regarded as correctional. The different focus of monetary policy of central banks in the US and Australia will be the main most important long-term factor in favor of weakening the AUD / USD pair...

US stock indices save the positive dynamics after the Fed head Jerome Powell on Tuesday gave a positive assessment of the current state of the American economy...

Despite the continuing, and even accelerating, growth of the US economy, some economists still believe that in the US, in about two years, a recession may begin. This means that the growth of the economy may slow from the middle of next year, and towards its end become zero...