Day: July 5, 2024
The NZDUSD pair has risen for the fourth consecutive day, driven by the US dollar’s weakness. NZDUSD trading key points NZDUSD benefits from the US dollar’s fall The RBNZ will keep the interest rate unchanged at 5.5% per annum NZDUSD price targets: 0.6090, 0.6040 Fundamental analysis The NZDUSD pair rises for the fourth consecutive day, […]
The USDJPY pair completed a correction on 5 July 2024 following the release of Japan’s household spending index. The central bank is facing a challenging situation and is about to decide on an interest rate change. USDJPY trading key points Japan’s household spending index (y/y): currently at -1.8% compared to the previous reading of 0.5% […]
The US 30 stock index is trading with relatively low volatility amid expectations for employment market statistics. Although the quotes are in an uptrend, growth potential is limited: the support and resistance levels remained unchanged since last Friday. US 30 trading key points Recent data: continuing jobless claims increased to 1.86 million in the week […]
Gold price is steadily rising, with market participants focusing on today’s US employment market data – nonfarm payrolls and the unemployment rate. XAUUSD trading key points Current trend: gold is steadily rising after reaching a daily resistance level at 2,368 USD Market focus: today, market participants focus on US employment market data – nonfarm payrolls […]
The EURUSD rate has reached a three-week high following the release of the ECB meeting minutes. The current EURUSD rate is 1.0822. EURUSD trading key points Eurozone inflation remains above the 2% target US job growth is expected to slow down The likelihood of a Federal Reserve interest rate cut in September increased to 73% […]
On 19 March 2024, Chipotle Mexican Grill (NYSE: CMG) announced a 50-for-1 stock split scheduled for 25 June, one of the largest stock splits in NYSE history. Investors favoured this decision, with the stock price rising since 19 March, hitting new all-time highs. As scheduled, Chipotle successfully completed its split on 25 June, with the […]
Risk appetite is pushing up the EURUSD pair. US statistics came out mixed, providing no clear signals. EURUSD trading key points The ADP signal was neutral in June Today is a public holiday in the US, so activity will be lower EURUSD targets: 1.0730, 1.0680, 1.0555 EURUSD fundamental analysis The EURUSD pair has risen markedly […]
After consolidating, The US Tech index has breached the resistance level. It is heading towards a new all-time high, with the speech by Federal Reserve Chair Jerome Powell serving as a fundamental driver. US Tech trading key points Recent data: US core PCE inflation eased to 2.6% year-over-year in June Economic indicators: the US Federal […]