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18.11.2021: How EUR/USD and GBP/USD may change today? Outlook for EUR/USD and GBP/USD
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04.10.2024: What NFPs to bring FED and USD? Daily outlook for S&P 500, EUR/USD, Brent, RUB
2024-10-04 18:33 UTC+3
03.10.2024: Economy and politics give USD chance again. (S&P 500, EUR/USD, Brent, RUB)
2024-10-03 18:19 UTC+3
02.10.2024: USD asserts strength as investors give priority to safety (S&P 500, EUR/USD, Brent, RUB)
2024-10-02 17:37 UTC+3
01.10.2024: USD hurries up to recoup losses. Daily outlook for S&P 500, EUR/USD, Brent, RUB
2024-10-01 17:35 UTC+3
30.09.2024: Jerome Powell to support USD? Daily outlook for S&P 500, EUR/USD, Brent, RUB, CNY
2024-09-30 18:13 UTC+3
26.09.2024: USD in vogue again? Daily outlook for S&P 500, EUR/USD, Brent, RUB
2024-09-26 16:58 UTC+3
25.09.2024: Mass media lands punch on USD. China encourages risk appetite (S&P 500, EUR/USD, Brent)
2024-09-25 18:28 UTC+3
24.09.2024: China launches unrivalled stimulus; forecasts for US defy expectations (EUR/USD, Brent)
2024-09-24 19:15 UTC+3
23.09.2024: US government again running out of cash. How USD to respond to looming shutdown
2024-09-23 17:11 UTC+3
20.09.2024: Saudi Arabia’s statements reinforce bullish momentum in oil market (EUR/USD, Brent,RUB)
2024-09-20 17:42 UTC+3
19.09.2024: Fed Chairman gives bearish message for USD (EUR/USD, Brent crude, and RUB)
2024-09-19 16:06 UTC+3
18.09.2024: Fed’s rate decision may save USD from collapse. Outlook for EUR/USD, oil, and RUR
2024-09-18 15:24 UTC+3
09.17.2024: What could hamper USD's further weakness? (EUR/USD, Brent Crude, and USD/RUB)
2024-09-17 16:56 UTC+3
16.09.2024: USD sensitive to Fed’s policy decision. Daily outlook for EUR/USD, Brent crude, USD/RUB
2024-09-16 18:08 UTC+3
13.09.2024: Gold has never been so overvalued owing to weak USD? (EUR/USD, Brent crude, USD/RUB)
2024-09-13 19:04 UTC+3
12.09.2024: Which central bank to lower interest rates faster: ECB or Fed? (EUR/USD, Brent, USD/RUB)
2024-09-12 16:50 UTC+3
11.09.2024: What could disrupt USD’s further growth? (EUR/USD, Brent crude, and USD/RUB)
2024-09-11 15:52 UTC+3
10.09.2024: USD gaining ground and could rise higher. Daily outlook for EUR/USD, Brent, USD/RUB
2024-09-10 17:09 UTC+3
09.09.2024: News on US economy puzzles investors. Daily outlook for EUR/USD, OIL, and USD/RUB
2024-09-09 18:02 UTC+3
06.09.2024: NFPs to land painful punch on USD? Daily outlook S&P 500, EUR/USD, Brent
2024-09-06 17:48 UTC+3
05.09.2024: USD alert to NFPs. Daily outlook for S&P 500, EUR/USD, Brent
2024-09-06 10:57 UTC+3
There is no wonder that the market is stagnant. Until the US trade, the macroeconomic calendar is absolutely empty. Only the euro is showing tepid activity that could be considered a statistical error.
At the beginning of the US trade, traders will learn the unemployment claims figures. The number of first-time claims may decrease by 4 thousand, whereas the number of continuing claims may slide by 20 thousand. In general, the labor market condition continues improving. However, such insignificant changes will hardly influence the currency market situation. On the other hand, traders may decide to resume buying the greenback amid a positive report. Notably, the US currency is extremely overbought. How do you think which prediction will come true? Share your opinion in the Comment section.
Let us take a look at the trading charts. While rapidly falling, the euro found the intermediate support level of 1.1263. After touching this level, the euro showed a technical rebound. The euro is significantly oversold. This may have a positive influence on the volume of long positions. The intermediate resistance level is located at 1.1340, where the price got stuck. If the euro breaks the level of 1.1350, it may start an upward correction to 1.1400. At the same time, the volume of short positions is still under the influence of high speculative activity. That is why the price fixation below 1.1290 may lead to a further decline.
Meanwhile, the pound/dollar pair resumed the correctional movement after a 60-hour pause. The pair broke the upper limit of the sideways channel and began moving towards 1.3500.
If the price consolidates above 1.3500, it is highly likely to jump to 1.3570. The alternative scenario will become possible if the price drops below 1.3460.

00:00 Rally of the dollar and the interest of traders
00:17 The number of applications for unemployment benefits and its impact on the market
01:30 EUR / USD
01:59 GBP / USD


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Calendar and reviews
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Editor's choice
Being a participant of Dakar Rally 2012, that took place in Argentina, Chili and Peru, InstaForex Company also decided to visit Brazil, Rio de Janeiro in particular, which is one of the financial centres in Latin America. Rio can be included in the geography of the partner representative offices of the broker. A trip to Brazil coincided with New Year’s Day, that was celebrated by the representatives of the company in accord to the Brazilian tradition – on the beach where they threw white roses into the ocean waves so that success always waited upon the broker’s clients.
Denis, exhibition visitor: "It never ceases to amaze me how useful such events are" (ShowFx World Exhibition in Moscow)
Trader’s calendar on October 3-4: USD to experience volatility spike
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