Day: August 6, 2024

The unchanged unemployment rate and declining sales have led to a correction in the USDCHF pair. The USD may lose ground further in the near term. Find out more in our analysis dated 6 August 2024. USDCHF trading key points Switzerland’s non-seasonally adjusted unemployment rate (July): previously at 2.3%, currently at 2.3% Switzerland’s seasonally adjusted […]

The USDJPY rate is rising amid increased business activity in the US. Find out more in our analysis dated 6 August 2024. USDJPY trading key points The US services PMI increased to 51.4 points, exceeding previous readings and analysts’ forecasts Federal Reserve Bank of San Francisco President emphasised the importance of preventing a decline in […]

The JP 225 stock index plunged by over 12%, marking its most significant daily decline since 1987. As the JP 225 index forecast suggests, this decline may continue until the end of the week. JP 225 trading key points Recent data: the services PMI reached 53.7 points, slightly missing the forecast of 53.9 Economic indicators: […]

Brent price is consolidating near the 76.80 level after falling to 75.00 USD on Monday. Market participants are awaiting the US API oil stock data. Find out more in the Brent analysis for today, 6 August 2024. Brent trading key points US data: the market awaits US API oil stock statistics today Brent forecast for […]

The USDJPY pair is rapidly falling, with investors having three reasons for this. Find out more in our analysis dated 5 August 2024. USDJPY trading key points The USDJPY pair has fallen to a low not seen since 3 January The market is concerned about a US recession USDJPY forecast for 5 August 2024: 138.10, […]