Day: August 22, 2024

The USDJPY rate is rebounding from the support level after declining over the last four trading sessions. Find out more in our analysis dated 22 August 2024. USDJPY forecast: key trading points The release of the latest Federal Reserve meeting minutes signals a potential interest rate cut in the future Revised US employment data showed […]

Brent price has fallen for the fourth consecutive trading session, driven by weakening economic activity in China and negotiations in the Middle East. Find out more in our Brent analysis for today, 22 August 2024. Brent forecast: key trading points US statistics: EIA reports a 4.65-million-barrel drop in inventories Market focus: market participants are awaiting […]

The Australian dollar may benefit from the forecasted rise in unemployment and a decline in the US PMI. Find out more in our analysis dated 22 August 2024. AUDUSD forecast: key trading points Australia’s manufacturing PMI: previously at 47.5, currently at 48.7 Australia’s services PMI: previously at 50.4, currently at 52.2 US services PMI: previously […]

The EURUSD pair has skyrocketed to levels last seen in December 2023. The US dollar remains under tremendous pressure. Find out more in our analysis dated 22 August 2024. EURUSD forecast: key trading points The EURUSD pair continues its rally The US dollar weakens rapidly amid the dovish tone of the Federal Reserve and mixed […]

XAUUSD price continued its surge on Tuesday, reaching a new annual and all-time high of 2,532 USD. Today, the market’s focus is on the release of the Federal Reserve minutes. Find out more in our XAUUSD analysis for today, 21 August 2024. XAUUSD forecast: key trading points Market focus: market participants await the release of […]