Daily reviews

EURUSD

The pair is still in the short term downtrend as the positive inflation data is expected to be released in the US. Today the industrial inflation figures are in the market's spotlight, if they turn out to be at least on the predicted level, or even grow further up, …

GBPUSD

The pair is in a short term downtrend as the positive inflation data is expected to be released in the US. It's likely to continue downwards.

The price is below the middle Bollinger band, above SMA 5, but below SMA 14. RSI is above 50% level and is reversing …

GBPUSD

The pair is trading above 1.3020 level. The pair is under pressure against the backdrop of the falling expectations of the Bank of England raising the interest rates this year, and also of the possibly positive data on the US inflation that is to be released towards the end …

EURUSD

The pair is trading lower compared to last Friday's maximum levels amid the growing expectations that the resumed strong growth trend on employment market will provide support for the inflation after all and it will finally trigger the third interest rate raise this year by the Fed.

The price …

GBPUSD

The pair dropped considerably following the outcome of the Bank of England meeting that didn't show any real intention on the regulator's side to raise the interest rates as had been promised earlier. The general tone of the central bank's resolution and the statements made by its head Mark …

GBPUSD

The pair is above 1.3195 support level as the results of the Bank of England interest rate meeting are expected to be released. We think that the rates are going to maintain the current level because the inflationary pressure is decreasing.

The price is above the middle Bollinger band, …

EURUSD

The pair is above the support level of 1.1665. The market is expecting the release of preliminary data on the United States GDP for the second quarter. If the data at least lives up to the prediction of 2.6%, it may result in a local support for the USD. …

EURUSD

The pair is trading above 1.1725 level as the results of the Fed’s meeting trigger another period of weakness for the USD. The bank’s press release shows the regulator’s remaining concern about the low inflation, which jeopardizes the next, already a third one this year, raise of the interest …

EURUSD

The pair is trading above 1.1620 level as the results of the Fed’s monetary policy meeting are expected to be positive for the US dollar. If the Federal Reserve signals that the balance reduction is to start as early as September, it may lead to the beginning of closure …

EURUSD

The pair is trading higher than 1.1650 level and is aiming at the local maximum of August 2015 (1.1712). It will probably reach it in the near future, but a correction is also possible, due to the strong overbought status of Euro against the US Dollar.  

The price is …