Day: August 7, 2024
Although the XAUUSD price has dipped below 2,400 USD from its all-time high area, the uptrend persists, and growth may resume. Find out more in our XAUUSD analysis for today, 7 August 2024. XAUUSD trading key points Market focus: markets are under pressure from weak US employment data Current trend: gold is undergoing a downward […]
The reduction in Japan’s foreign reserves may be due to the BoJ’s attempts to strengthen the yen. Find out more in our analysis dated 7 August 2024. USDJPY trading key points Japan’s foreign reserves (USD): previously at 1231.5 billion, currently at 1219.1 billion Japan’s leading economic index: previously at 111.2, currently at 108.6 Japan’s coincident […]
The US Tech stock index established a support level at 17,240.0 at the close of Tuesday’s trading session. However, according to the US Tech index forecast, the decline is not over yet. US Tech trading key points Recent data: the US unemployment rate rose to 4.3% in July, marking the highest reading since October 2021 […]
Alphabet Inc.’s (NASDAQ: GOOG) shares peaked at an all-time high of 193 USD on 10 July. Subsequently, the price began to decline. On 23 July, the company published its Q2 2024 earnings report. Despite the financial results exceeding experts’ forecasts, the stock price continued to fall, dropping by 14% by 26 July. The question arises: […]
The USDCAD pair is easing off, with the market adjusting positions. Find out more in our analysis dated 7 August 2024. USDCAD trading key points The USDCAD pair is declining as part of a correction Fundamental factors signal CAD weakness USDCAD forecast for 7 August 2024: 1.3747 and 1.3855 Fundamental analysis The USDCAD rate has […]
The EURUSD pair is poised for a correction. The strain level has subsided. Find out more in our analysis dated 6 August 2024. EURUSD trading key points The EURUSD pair has reached a new peak and declined Easing speculation about interest rates will support the US dollar EURUSD forecast for 6 August 2024: 1.0903, 1.0820, […]