Day: July 18, 2024

The USDJPY rate slightly corrected on Thursday morning, 18 July 2024, following another decline wave. USDJPY trading key points Japan’s imports increased by 3.2% in June 2024, falling short of the forecasted 9.3% and 9.5% in May Japan’s exports rose by 5.4% in June 2024, below the forecast of 6.4%, marking the smallest gain in […]

The DE 40 stock index has remained in a sideways range for an extended period. The price breached its upper boundary at the end of last week, indicating a reversal to an uptrend. DE 40 trading key points Recent data: the ZEW indicator of economic sentiment fell to 41.8 in July from 47.5 in June […]

Gold continues to rise on Thursday, 18 July 2024, offsetting Wednesday’s correction. XAUUSD trading key points The Philadelphia Fed manufacturing index (US): previously at 1.3%, forecasted at 2.7% A speech by US Federal Open Market Committee (FOMC) official Mary C. Daly XAUUSD price targets: 2,434.84, 2,400.00, and 2,386.50 Fundamental analysis This week’s economic data showed […]

A decrease in the number of claims for unemployment benefits and a stable unemployment rate increase the chances of the British pound strengthening. GBPUSD trading key points UK average earnings (including May bonuses): previously at 5.9%, currently at 5.7% UK claimant count change: previously at 51.9 thousand, currently at 32.3 thousand UK unemployment rate (May): […]

The USDJPY pair has stabilised around monthly lows. Investors are wary of new currency interventions to support the yen. USDJPY trading key points The Tankan index showed improved business sentiment Investors are held back by expectations of new financial interventions USDJPY price targets: 150.00 and 154.55 Fundamental analysis The USDJPY pair is hovering around 158.35 […]