Day: July 29, 2024

The US 500 stock index has returned to a growth trajectory following a correction. However, it is unlikely that the index has ceased its decline or that the quotes are poised to reach new all-time highs. US 500 trading key points Recent data: the annual PCE inflation gauge decreased to 2.5% from 2.6% last month […]

The USDJPY rate is declining after rebounding from the 154.65 resistance level. Find out more about market expectations ahead of the BoJ and Federal Reserve meetings in our analysis dated 29 July 2024. USDJPY trading key points The BoJ is expected to raise the interest rate by 10 basis points The market awaits Federal Reserve […]

Brent crude oil price has consolidated above 80.00, with a likely upward reversal. Find out more in the analysis for 29 July 2024. Brent trading key points US data: the market awaits the Federal Reserve decision and US employment market statistics this week Brent forecast for 29 July 2024: 81.00 and 82.80 Fundamental analysis Brent […]

The GBPUSD pair declines further ahead of a speech by the new UK Chancellor of the Exchequer. Speculations about potential tax increases might push the GBPUSD rate further down. Find out more in our analysis dated 29 July 2024. GBPUSD trading key points Bank of England consumer lending: previously at 1.513 billion M3 monetary aggregate: […]