May 16, 20240Comments

Forex Analysis – Forecast for EUR/USD on May 16, 2024

Yesterday's market rally was spectacular: S&P 500 up 1.17%, gold up 1.55%, euro up 0.69% 64 pips. However, what's spectacular about it is not so much the price

by Jeff Wecker

Forex Analysis

May 15, 20240Comments

Forex Analysis – Forecast for EUR/USD on May 15, 2024

Yesterday, the market experienced significant false movements across major currencies and stock markets. Overall, the dollar index lost 0.20%, while the euro

by Jeff Wecker

Forex Analysis

May 14, 20240Comments

Forex Analysis – Forecast for EUR/USD on May 14, 2024

As expected, the main risk indicator – the stock market – declined yesterday (S&P 500 -0.02%), although it had mixed results (Russell 2000 0.29%).

by Jeff Wecker

Forex Analysis

May 13, 20240Comments

Forex Analysis – Forecast for EUR/USD on May 13, 2024

The euro edged down on Friday, failing to reach the target level of 1.0796. Perhaps this is a reversal, and the price may reach the support at 1.0724,

by Jeff Wecker

Forex Analysis

May 10, 20240Comments

Forex Analysis – Forecast for EUR/USD on May 10, 2024

Yesterday's rather soft Bank of England meeting, where two members of the Committee spoke in favor of a rate cut, could not overcome the general risk sentiment

by Jeff Wecker

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