Admiral Markets Group consists of the following firms:

Admiral Markets UK Ltd

Regulated by the Financial Conduct Authority (FCA)
  • Leverage up to:
    1:30 for retail clients,
    1:500 for professional clients
  • FSCS protection
  • Negative balance protection
CONTINUE

Admiral Markets AS

Regulated by the Estonian Financial Supervision Authority (EFSA)
  • Leverage up to:
    1:30 for retail clients,
    1:500 for professional clients
  • Tagatisfond protection
  • Negative balance protection
CONTINUE

Admiral Markets Cyprus Ltd

Regulated by the Cyprus Securities and Exchange Commission (CySEC)
  • Leverage up to:
    1:30 for retail clients,
    1:500 for professional clients
  • ICF protection
  • Negative balance protection
CONTINUE

Admiral Markets Pty Ltd

Regulated by the Australian Securities and Investments Commission (ASIC)
  • Leverage up to:
    1:500 for retail clients
  • Volatility protection
CONTINUE
Note: If you close this window without choosing a firm, you agree to proceed under the FCA (UK) regulation.
Note: If you close this window without choosing a firm, you agree to proceed under the FCA (UK) regulation.
Regulator fca efsa CySEC asic

US Dollar Continues Downtrend after Fed Leaves Rates Unchanged

July 27, 2017 05:00

EUR/USD

4 hour

As expected the Federal Reserve (Fed) left the interest rates unchanged for the US, which caused the US Dollar to weaken against multiple currencies, including the Euro. Prior to the FOMC statement in the US, the EUR/USD retraced back to the 23.6% Fibonacci level of wave 4 vs 3 but price bounced strongly soon after. The EUR/USD has now reached the 1.1750 resistance level and a break above it could see price challenge the Fibonacci targets of wave 5 vs 1+3.

1 hour

The EUR/USD completed a wave 4 (orange) retracement and is now building strong bullish momentum. This is probably part of a wave 3 (grey) within wave 5 (orange). Once the wave 3 is completed, it is likely to see a wave 4 and 5 (grey) continuation.

USD/JPY

4 hour

The USD/JPY respected and bounced at the Fibonacci levels of wave 4 (orange) and the resistance from the previous top (red). The bearish turn is most likely part of the wave 5 (orange).

1 hour

The USD/JPY could move towards the round level of 110 once price breaks below the bottom (green).

GBP/USD

4 hour

The GBP/USD broke above the resistance trend lines (dotted orange/red) with strong bullish momentum. This makes a bullish wave structure more likely and price could be heading towards the Fibonacci targets of wave 5 vs 1+3.

1 hour

The GBP/USD seems to be in a wave 3 (grey) breakout. Price needs to reach the 161.8% Fibonacci target before confirming the development of a wave 3.

Follow @ChrisSvorcik on twitter for latest market updates.
Connect with Chris Svorcik on Facebook for latest Forex and education tips.

Download MT4 Supreme Edition - Forex trading platform


Risk Warning

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 83% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.