Day: August 1, 2024
Here is a detailed August 2024 forecast for EURUSD, USDJPY, GBPUSD, AUDUSD, USDCHF, NZDUSD, and USDCAD. EURUSD The EURUSD pair has declined to 1.0825 and is forming a consolidation range around this level. A downward breakout from this range could extend the decline to 1.0720, the initial target. Conversely, an upward breakout might lead to […]
The AUDUSD pair is falling despite improved trade balance and increased commodity price index. Find out more in our analysis dated 1 August 2024. AUDUSD trading key points Australia’s balance of trade (June): previously at 5.052 billion, currently at 5.589 billion Australia’s commodity price index (y/y): previously at -4.1%, currently at -3.0% The US ISM […]
The DЕ 40 stock index remains in a sideways channel between current resistance and support levels. The DЕ 40 price forecast suggests a further decline. DE 40 trading key points Recent data: Germany’s GDP in Q2 2024 decreased by 0.1% year-over-year Economic indicators: Germany is the only developed country experiencing an economic downturn, which indicates […]
The XAUUSD price increased to 2,458 USD following the Federal Reserve’s interest rate decision and accompanying comments. Find out more in our XAUUSD analysis for today, 1 August 2024. XAUUSD trading key points Market focus: The Federal Reserve chair confirmed a potential rate cut in September; the market awaits Friday’s US employment data Current trend: […]
The USDJPY rate is correcting on Thursday following a significant decline amid the BoJ’s decision to raise the interest rate. Find out more in our analysis dated 1 August 2024. USDJPY trading key points The decision to hike the rate was made despite differing opinions and disappointing consumption data Weak indicators will not prevent the […]
The EURUSD pair remains stable. The Fed did not surprise the market. Find out more in our analysis dated 1 August 2024. EURUSD trading key points The Federal Reserve’s interest rate remains at 5.50% per annum The Fed may lower borrowing costs in September EURUSD forecast for 1 August 2024: 1.0880, 1.0777, and 1.0747 Fundamental […]
Streaming services, led by Netflix Inc., gained popularity during the COVID-19 pandemic. However, as COVID restrictions were lifted, interest in such services began to wane. In 2022, Netflix reported a significant loss in the number of subscribers. However, this decline was temporary, and the popularity of streaming services recovered. Netflix navigated this challenging period and […]
The USDCAD rate is declining on Wednesday following a protracted rise amid expectations of the Federal Reserve’s decision and falling oil prices. Find out more in our analysis dated 31 July 2024. USDCAD trading key points Investors await the US Federal Reserve’s interest rate decision CFTC data indicates a significant increase in Canadian dollar short […]