July 9, 20200Comments

USD on July 9. Boring End of the Trading Week.

On July 8, the EUR/USD pair gained about 55 basis points and thus continued to build the expected wave 5, C, or B. I expect a continued improvement of the instrument's quotes in terms of the building of this wave, after which the prolonged decline in quotes in the framework of the proposed global wave C.

by Jeff Wecker

Forex Analysis

July 8, 20200Comments

Analysis of EUR / USD and GBP / USD on July 8. The Forecast for the Eurozone GDP has Worsened, But is Still Optimistic.

On July 7, the EUR / USD pair lost about 40 basis points, but the current wave markings still include the upward set of waves as parts of wave 5 in C and B. Thus, another increase in quotes will occur, targeting the levels near the 161.8% and 200.0% Fibonacci.

by Jeff Wecker

Forex Analysis

July 7, 20200Comments

Analysis of EUR/USD and GBP/USD on July 7. Conflict in the South China Sea, Rising Cases in the US, and Strong ISM Index

On July 6, the euro/dollar pair gained 65 basis points but lost most of it on Tuesday night and in the morning. Thus, the current wave markup remains unchanged, however, it becomes very complicated.

by Jeff Wecker

Forex Analysis

July 6, 20200Comments

Analysis of EUR/USD and GBP/USD. Unemployment Rates Pass their Peak Both in EU and US, thus Proving Recovery in labor Markets. US faces new COVID-19 Outbreak

Unemployment Rates Pass their Peak Both in EU and US, thus Proving Recovery in labor Markets. US faces new COVID-19 Outbreak

by Jeff Wecker

Forex Analysis

July 2, 20200Comments

EUR/USD and GBP/USD analysis for July 2. Tensions Between Washington and Beijing Slowly Escalate. Markets Reluctant to Buy USD.

On July 1, the EUR/USD pair advanced by only 15 basis points. Thus, the current wave marking did not indicate any significant changes. However, I still expect the upward wave 5 to enter C or B area.

by Jeff Wecker

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