Day: August 2, 2024

Brent price is consolidating within a limited range near 80.00 as market participants await US nonfarm payrolls and unemployment rate data. Find out more in the Brent analysis for today, 2 August 2024. Brent trading key points US data: the market awaits employment market statistics today Brent forecast for 2 August 2024: 82.80 and 78.00 […]

The US 30 stock index failed to hit a new all-time high, pulling back from the current resistance level. The US 30 index forecast shows that it may form a sideways channel in the mid-term. US 30 trading key points Recent data: the Federal Reserve maintained interest rates within the 5.25-5.50% range Economic indicators: the […]

The EURUSD rate is slightly correcting on Friday as traders await the US employment report. Find out more in our analysis dated 2 August 2024. EURUSD trading key points US manufacturing activity contracted more than expected, reaching 46.6 Initial jobless claims increased to 249K Expectations of a Federal Reserve interest rate cut in September increased […]

The USDJPY pair continues to decline following a BoJ interest rate hike and a reduction in the yen’s speculative positions. Find out more in our analysis dated 2 August 2024. USDJPY trading key points Japan’s monetary base (y/y): previously at 0.6%, currently at 1.2% CFTC JPY speculative net positions: previously at -107.1K US nonfarm payrolls: […]

The NZDUSD pair has recovered quite well. The market is once again interested in risk. Find out more in our analysis dated 2 August 2024. NZDUSD trading key points The NZDUSD rate halts its decline The market awaits RBNZ interest rate cuts in August and October NZDUSD forecast for 2 August 2024: 0.5888 and 0.5802 […]