Day: July 10, 2024

The USDJPY pair is close to 38-year highs. The market doubts the Bank of Japan taking decisive action at its July meeting. USDJPY trading key points The US Federal Reserve is gathering data to lower interest rates The Bank of Japan is expected to decide on reducing bond purchases USDJPY price targets: 161.83, 162.00 Fundamental […]

The price continues a corrective wave ahead of the crude oil reserves data release. Negative data may trigger a new growth wave. Brent trading key points US crude oil reserves: forecasted at 0.700M, with a previous reading of -12.157M Excessive oil inventories in Cushing (Oklahoma, the US): the previous reading was 0.345M A speech by […]

The US Tech stock index is reaching new all-time highs for the fourth consecutive session, driven by US employment market data. US Tech trading key points Recent data: the US unemployment rate rose to 4.1% in June Economic indicators: according to the US Department of Labor statistics, the leading market indicators show weakness in the […]

The EURUSD pair continues strengthening ahead of officials’ speeches and amid the rising US national debt. EURUSD trading key points A speech by the President of the Deutsche Bundesbank Joachim Nagel A speech by Deutsche Bundesbank official Sabine Mauderer A speech by US Federal Reserve Chair Jerome Powell A speech by US Federal Open Market […]

The USDCHF rate declined on Wednesday, 10 July 2024. The pair reacted weakly to the Federal Reserve chair’s speech, and the current USDCHF exchange rate is 0.8971. USDCHF trading key points SNB is poised for two rate cuts this year The Swiss regulator is clearly discontent with the rising national currency’s rate USDCHF price target: […]