August 1, 20240Comments

Forex Analysis – Forecast for EUR/USD on August 1, 2024

Our assumption yesterday about the Federal Reserve's focus on changing the forecast for the number of rate cuts by the end of the year was confirmed.

by Jeff Wecker

Forex Analysis

July 31, 20240Comments

Forex Analysis – Forecast for EUR/USD on July 31, 2024

Yesterday, the euro traded within a 37-pip range, ending the day with a 7-pip decline on volumes comparable to Monday's (above average).

by Jeff Wecker

Forex Analysis

July 30, 20240Comments

Forex Analysis – Forecast for EUR/USD on July 30, 2024

Yesterday, the euro lost 33 pips. The day's low hit the support of the balance line on the daily chart, and the Marlin oscillator entered downtrend territory.

by Jeff Wecker

Forex Analysis

July 29, 20240Comments

Forex Analysis – Forecast for EUR/USD on July 29, 2024

Ahead of the Federal Reserve's rate decision on July 31, the euro has decided to drift within the range of 1.0788-1.0905.

by Jeff Wecker

Forex Analysis

July 26, 20240Comments

Forex Analysis – Forecast for EUR/USD on July 26, 2024

Most major currencies, oil, gold, and the S&P 500, reached their technical support targets yesterday. Even the yield on 5-year U.S. government bonds hit last

by Jeff Wecker

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