Day: July 25, 2024

The USDCAD pair continues to rise following a reduction in Canadian interest rates. Positive US data may cause the Canadian dollar to lose ground further. Find out more in our analysis dated 25 July 2024. USDCAD trading key points Canada’s average weekly earnings (y/y) in May: previously at 3.69% Canada’s manufacturing sales (m/m): previously at […]

The USDJPY rate has declined by over 0.75% today. The analysis dated 25 July 2024 outlines the main reasons for the Japanese yen’s strengthening. USDJPY trading key points The USDJPY pair has reached multi-month lows Japan’s business activity is growing but unevenly The market anticipates changes in the Bank of Japan’s policy USDJPY forecast for […]

The DE 40 stock index has breached the support level of the uptrend that began last week. A new sideways channel is likely to form. DE 40 trading key points Recent data: Germany’s composite PMI reached 48.7 points, falling short of economists’ forecast of 50.6 Economic indicators: these indicators show that the German manufacturing sector […]

Gold prices are falling, as they cannot hold above 2,400 USD. Market participants await today’s release of US GDP data. Find out more in our analysis dated 25 July 2024. XAUUSD trading key points Market focus: the market awaits US Q2 GDP data release today Current trend: a downward correction is underway following an all-time […]

The USDJPY pair continues to decline. The market believes the Bank of Japan will raise interest rates next week. USDJPY trading key points JPY is rising amid expectations of an interest rate hike The Bank of Japan may raise the borrowing cost as early as next week USDJPY forecast for 24 July 2024: 156.60, 157.33, […]