Day: August 21, 2024

Declining US crude oil stocks and the upcoming FOMC minutes release may further strengthen the euro. Find out more in our analysis dated 21 August 2024. EURUSD forecast: key trading points Germany’s 10-year government bond auction: previously at 2.43% US crude oil inventories: previously at 1.357 million barrels, projected to decrease by 2.000 million The […]

The USDCAD rate has declined for the fourth consecutive session, with buyers holding the rate above the key 1.3600 support level. Find out more in our analysis dated 21 August 2024. USDCAD forecast: key trading points Inflation in Canada eased to 2.5% in July, reaching three-year lows Canada’s unemployment rate remains at 6.4%, marking the […]

Following the release of the Q2 2024 report on 24 July, Ford Motor Co. (NYSE: F) shares declined by 18%. The decline continued the next day. The company’s financial performance disappointed investors as it failed to meet expectations, especially in light of a more robust report from the competitor, General Motors Company (NYSE: GM), published […]

The US Tech index closed Tuesday’s trading session with a 0.35% decline. Ahead of the FOMC minutes release, the index may continue to correct before resuming its upward trend. US Tech forecast: key trading points The FOMC minutes release US initial jobless claims: previously at 227,000, projected at 233,000 Resistance: 19,777.7, Support: 17,260.0 US Tech […]

The USDJPY pair continues to decline, with sentiment towards the US dollar decreasing. Find out more in our analysis dated 21 August 2024. USDJPY forecast: key trading points The USDJPY pair weakens further Investors are focused on the upcoming decisions of the US Federal Reserve USDJPY forecast for 21 August 2024: 147.77, 150.55, and 156.00 […]