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Day: July 19, 2024

Jul 19
2 min read
EUR is under pressure: despite the ECB maintaining rates unchanged, investors expect cuts

The EURUSD rate is declining for the second consecutive day on Friday morning following the ECB’s decision. The current EURUSD exchange rate is 1.0887. EURUSD trading key points The ECB kept key interest rates unchanged The decision reflects the regulator’s caution due to uncertainty about inflation slowdown rates Despite the central bank’s decision, markets expect […]

Jul 19
2 min read
US 30 analysis: after reaching a new all-time high, the index is likely to correct

The US 30 stock index hit a new all-time high as part of a strong uptrend. A correction is expected next week, following which the index may again reach another peak. US 30 trading key points Recent data: initial jobless claims reached 243,000 Economic indicators: the US employment market shows increasing weakness, with another rise […]

Jul 19
2 min read
USDJPY continues its ascent. Will it hit new highs?

The USDJPY analysis for 19 July 2024 shows that weak economic indicators in Japan allowed the US dollar to strengthen against the yen. USDJPY trading key points Japan’s nationwide core consumer price index (y/y): previously at 2.5%, currently at 2.6% Japan’s nationwide consumer price index (m/m): previously at 0.5%, currently at 0.3% A speech by […]

Jul 19
2 min read
Brent prices fall, driven by a sell-off of risky assets

Brent crude oil prices are dropping again. The market has experienced sales growth amid falling prices for risky assets and the US dollar strengthening. Brent trading key points Brent prices are falling due to pressure from the US dollar China’s plenum did not outline measures to support the economy Brent price targets: 85.00, 85.40, 86.90, […]

Jul 19
2 min read
AUD falls again, marking the fifth consecutive day of decline

The AUDUSD pair continues to lose ground. The market is selling off risky assets. AUDUSD trading key points AUD is declining for the fifth consecutive day Australia’s employment market is sending mixed signals AUDUSD price targets: 0.6750 and 0.6811 Fundamental analysis The Australian dollar, in the pair with its US counterpart, has been steadily and […]

Jul 19
2 min read
EUR reaches new peaks: decreased sympathy for the US dollar

The EURUSD pair continues its ascent, with the market awaiting a Federal Reserve interest rate cut and working against the US dollar. EURUSD trading key points Statistics signal an imminent Federal Reserve interest rate cut The ECB will keep the borrowing costs unchanged EURUSD price targets: 1.0880, 1.0840, and 1.0806 Fundamental analysis The EURUSD pair […]