Day: July 23, 2024

The EURUSD rate slightly rose on Tuesday, 23 July 2024, trading above the key support level of 1.0875. EURUSD trading key points The ECB’s decision to keep interest rates unchanged and Lagarde’s remarks about a “wide open” September meeting continue to support the euro Eurozone, Germany, and France PMIs are expected to improve, and consumer […]

The USDJPY analysis for 23 July 2024 indicates that the yen continues to strengthen in anticipation of the decision on interest rate changes in July. USDJPY trading key points US existing home sales (June): previously at 4.11M, forecasted at 3.99M USDJPY price targets: 158.28, 154.80, and 154.66 Fundamental analysis The yen continues to strengthen against […]

The JP 225 stock index declined by 7% immediately after reaching a new all-time high. However, the support level of the uptrend has not yet been breached. JP 225 trading key points Recent data: Japan’s CPI consumer inflation reached 2.8% year-over-year in June Economic indicators: rising inflation amid a weakening yen is prompting the Bank […]

Gold prices are declining after reaching an all-time high of 2,483 USD per troy ounce. XAUUSD trading key points Market focus: market participants are awaiting US GDP growth data for Q2 2024 on Thursday Price dynamics: a sharp increase in volatility can be expected following the release of Thursday’s US GDP data Current trend: a […]

The USDJPY rate declines on Monday morning, 22 July 2024, after a two-day growth. The current USDJPY exchange rate is 156.55. USDJPY trading key points Japan’s inflation continues to rise The Bank of Japan is expected to raise interest rates next week USDJPY price targets: 158.28, 154.80, and 154.66 Fundamental analysis The Japanese yen is […]