Day: July 8, 2024

The USDJPY rate is correcting on Monday amid the highest US employment rate since November 2021. The pair could not drop below the 160.20 support level. USDJPY trading key points Earnings in Japan reached their highest level since January US job growth decreased to the lowest seen since November 2021 USDJPY price targets: 160.00, 159.30, […]

The US 500 stock index reached a new all-time high within the uptrend, driven by major players’ expectations of a US Federal Reserve interest rate cut amid weak employment market data. US 500 trading key points Recent data: US unemployment rate increased to 4.1% in June Economic indicators: a weak employment market may cause the […]

The commodity market has started the week on a neutral tone, with prices reflecting decreasing geopolitical risks and a US economic slowdown. Brent trading key points US employment statistics have raised doubts in the market The Middle East news is exerting pressure on commodity prices Brent price targets: 84.64, 83.11, and 82.12 Fundamental analysis The […]

The correction may soon be over, and the AUDUSD pair may embark on a new growth wave, with the price reaching last year’s highs. AUDUSD trading key points Australia’s home loans (m/m): currently at -2.0% compared to the previous reading of 4.5% Australia’s real estate investments (m/m): currently at -1.3% compared to the previous reading […]

The EURUSD pair continues its ascent. However, the euro faces risks due to the French political situation. EURUSD trading key points US employment market data was soft Political uncertainty in France becomes a risk factor for the EUR EURUSD price targets: 1.0900 and 1.0944 Fundamental analysis The EURUSD pair appears relatively expensive, hovering at 1.0828 […]