Day: July 12, 2024

The US 30 stock index continues to rise within the uptrend, aiming to renew its historical high. Growth momentum was driven by US consumer inflation data, which fell short of expectations. US 30 trading key points Recent data: US consumer inflation reached 3.0% year-over-year in June Economic indicators: increasingly, more indicators meet the conditions stated […]

Oil prices have risen for the third consecutive day due to a decline in inventories and an upward revision in the IEA demand outlook. Brent trading key points US oil stocks decreased by 3.444 million barrels According to the IEA forecast, global oil demand is expected to rise in 2024 Brent price targets: 85.50 and […]

The GBPUSD pair is appreciating markedly; market sentiment is positive. The Bank of England is gathering additional arguments in favour of falling inflation. GBPUSD trading key points The GBPUSD pair reached new monthly highs The Bank of England needs additional data to evaluate the price environment GBPUSD price targets: 1.2777 and 1.2950 Fundamental analysis The […]

The EURUSD rate is undergoing correction on Friday, 12 July 2024, after surging on Thursday amid weak US inflation. EURUSD trading key points The US consumer price index (CPI) rose by 3% in June The likelihood of a Federal Reserve interest rate cut reached 90% EURUSD price targets: 1.0806 and 1.0940 Fundamental analysis The US […]

The USDJPY pair has declined, and investors continue to speculate whether this was driven by hidden financial intervention or unfavourable news from the US. USDJPY trading key points Thomson Reuters/Ipsos primary consumer sentiment index (PCSI) in Japan: previously at 37.69%, currently at 37.63% Japan’s industrial production (m/m): previously at -0.9%, currently at 3.6% CFTC JPY […]