Day: August 14, 2024
A deterioration in the actual US index data may push the USDCAD pair lower. Find out more in our analysis dated 14 August 2024 USDCAD forecast: key trading points The Thomson Reuters/Ipsos primary consumer sentiment index in Canada (PCSI): previously at 46.97 The US consumer price index (m/m) for July: previously at -0.1%, projected at […]
The EURUSD pair is experiencing a substantial rise. The market counts on weak economic signals from the US. Find out more in our analysis dated 14 August 2024. EURUSD forecast: key trading points The EURUSD pair has reached a new high in seven trading sessions The market is increasingly confident about a substantial Federal Reserve […]
The US Tech stock index has fallen by more than 28% from its highest levels. The ongoing corrective rise does not suggest a reversal of the current downtrend. Therefore, the US Tech index forecast is negative, with further declines anticipated. US Tech forecast: key trading points Recent data: the US PPI index rose by 0.1% […]
XAUUSD quotes are testing the upper boundary of a triangle pattern, which may lead to a breakout. Find out more in our analysis dated 14 August 2024. XAUUSD forecast: key trading points Annual producer inflation slowed to 2.2% in July, approaching the Federal Reserve 2% target New data on easing US inflation supported expectations for […]
Meta Platforms (NASDAQ: META) stock is the only stock among the Magnificent Seven that did not fall after the release of its Q2 2024 report. The company showed robust performance over the past quarter. This article will provide a fundamental analysis of Meta Platforms, outlining its strengths and weaknesses and examining a forecast based on […]
For five consecutive trading sessions, the USDJPY rate has been constrained within a sideways range. Find out more in our analysis dated 14 August 2024. USDJPY forecast: key trading points The US Producer Price Index (PPI) increased by just 0.1% in July, falling short of forecasts Weak producer inflation data has reinforced expectations for an […]
The USDJPY rate is experiencing moderate gains. The US dollar has strengthened due to stable data. Find out more in our analysis dated 13 August 2024. USDJPY forecast: key trading points The USDJPY pair maintains its upward trajectory Investors overlook statistics supporting the JPY USDJPY forecast for 13 August 2024: 145.00 and 155.25 Fundamental analysis […]