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  1. SolidECN

    Market Update by Solidecn.com

    NZDUSD - 2020 lows can be renewed Although the growth rate of gross domestic product (GDP) of New Zealand remains low: in the second quarter, the indicator added only 0.4%, although in neighboring Australia, it increased by 3.6% over the same period, the Reserve Bank of the country intends to...
  2. SolidECN

    Market Update by Solidecn.com

    USDCHF - the "bulls" intend to break out the 0.985 level During the morning trading, the price of the USDCHF pair came close to the resistance level of 0.9850. Buyers are probably preparing to break through this mark and continue to grow with a target at the highs of May-June 2022. The growth...
  3. SolidECN

    Market Update by Solidecn.com

    CAC 40 - French stock market continues to decline Weak Friday statistics acted as a driver of the instrument's decline. The French Manufacturing PMI in September fell from 50.6 points to 47.8 points, and the Services PMI was 53.0 points. In turn, the Manufacturing PMI of the eurozone fell from...
  4. SolidECN

    Market Update by Solidecn.com

    USDJPY - Bank of Japan started foreign exchange interventions The Bank of Japan conducted the first foreign exchange intervention since 1998 to support the yen after the decision to keep interest rates at a very low level of –0.10%. Its value is unknown but judging by the movement on the stock...
  5. SolidECN

    Elliot Wave Analysis by Solidecn.com

    XAGUSD - A fall is possible. On the daily chart, a downward correction of the higher level develops as the second wave (2), within which the wave C of (2) develops. Now, the fifth wave of the lower level v of C of (2) is developing, within which the wave (iii) of v has formed, a local...
  6. SolidECN

    Market Update by Solidecn.com

    GBPUSD - Active decline amid the rhetoric of the British authorities The key impact on the dynamics of the asset was made by the report of the new UK Secretary of the Treasury, Kwasi Kwarteng, who announced measures to stabilize the economic situation: also to support the payment of electricity...
  7. SolidECN

    Elliot Wave Analysis by Solidecn.com

    Crude Oil - The price is in a correction, a fall is possible. On the daily chart, the first wave of the higher level (1) ended, and a downward correction develops as the second wave (2), within which the wave C of (2) develops. Now, the third wave of the lower level iii of C is forming, within...
  8. SolidECN

    Market Update by Solidecn.com

    DAX 40 - German stock market remains under pressure The day before, the Association of German Banks (BDB) published an updated forecast for the economic development of Germany, which turned out to be much worse than previous estimates released in the spring. The Association assumes that...
  9. SolidECN

    Market Update by Solidecn.com

    USDCAD - Trend change in the pair This week, there was a lack of Canadian statistics published, which allowed the quotes of the trading instrument to remain under the full control of the US currency, but today the situation may change after Statistics Canada publishes data on retail sales for...
  10. SolidECN

    Elliot Wave Analysis by Solidecn.com

    XAUUSD - A fall is possible. On the daily chart, a downward correction forms as the fourth wave of the higher level (4), within which the wave C of (4) develops as a momentum. Now, the third wave of the lower level iii of C of (4) is forming, within which the wave (v) of iii of C is developing...
  11. SolidECN

    Market Update by Solidecn.com

    NZDUSD - The situation in the New Zealand economy remains difficult The key driver of the downward movement of quotations is the trade deficit of New Zealand, which in August, for the first time in history, reached –12.280B dollars, falling from –11.970B in the previous period and losing 2.447B...
  12. SolidECN

    Elliot Wave Analysis by Solidecn.com

    Crude Oil - A fall is possible. On the daily chart, the upward wave C forms, within which the first wave 1 of (1) of C, and a downward correction develops as the second wave 2 of (1) of C, within which the wave c of 2 forms. Now, the third wave of the lower level (iii) of c is developing...
  13. SolidECN

    Elliot Wave Analysis by Solidecn.com

    Boeing - A fall is possible. On the daily chart, the downward wave of the higher level (C) develops, within which the third wave 3 of (C) forms. Now, a local correction has ended as the fourth wave 4 of (C), within which the wave c of 4 has formed, and the fifth wave 5 of (C) has started...
  14. SolidECN

    Market Update by Solidecn.com

    Crude Oil - Growth in US inventories puts pressure on asset quotes According to a Reuters report yesterday, OPEC+'s target deviation in production is currently around 3.58M barrels per day (about 3.5% of global demand). The excess relative to the August value of 2.89M barrels amounted to 24%...
  15. SolidECN

    Market Update by Solidecn.com

    EURUSD - In anticipation of poor statistics on business activity in the EU The European currency is showing negative dynamics against its main competitors in anticipation of tomorrow's publication of an extensive block of macroeconomic statistics: analysts predict a decline in business activity...
  16. SolidECN

    Elliot Wave Analysis by Solidecn.com

    USDCAD - Growth is possible. On the daily chart, the upward fifth wave of the higher level 5 develops, within which the wave (1) of 5 formed, the correctional wave (2) of 5 ended and the wave (3) of 5 develops. Now, the third wave of the lower level 3 of (3) is forming, within which the wave...
  17. SolidECN

    Market Update by Solidecn.com

    S&P 500 - the US market froze in anticipation of the decision of the US Federal Reserve The Fed's Monetary Policy Meeting is due tonight, and 80% of analysts are suggesting a 75 basis point hike in interest rates to 3.25% for the first time since 2008, with a small group of experts believing...
  18. SolidECN

    Market Update by Solidecn.com

    XAUUSD - Investors continue to reduce their positions in gold Today the decision of the US Federal Reserve on monetary policy will be published. Most analysts believe that the interest rate will be raised by 75 basis points, which could lead to another rise in the dollar and exceed the summer...
  19. SolidECN

    Market Update by Solidecn.com

    GBPUSD - The pound is preparing to renew the year's lows The pound has consolidated near another historical low and is being traded in anticipation of new macroeconomic data but investors are paying attention to consumer sentiment now. Yesterday, Prime Minister Liz Truss said that the issue of...
  20. SolidECN

    Elliot Wave Analysis by Solidecn.com

    AUDUSD - A fall is possible. On the daily chart, the first wave of the higher level (1) of C ended, and a downward correction develops as the wave (2) of C, within which the wave C of (2) forms. Now, the third wave of the lower level iii of C has formed, a correction has ended as the fourth...