Day: August 23, 2024
The USDJPY pair continues to decline following Kazuo Ueda’s statements on the interest rate hike in Japan. In contrast, the Federal Reserve is considering lowering interest rates. Find out more in our analysis dated 23 August 2024. USDJPY forecast: key trading points Japan’s national Consumer Price Index (CPI), m/m: previously at 0.3%, currently at 0.2% […]
The DE 40 stock index is actively rising after a downward correction, supported by a consistent increase in leading US stock indices. DE 40 forecast: key trading points Economic indicators: the German economy largely depends on the manufacturing sector, as the services sector holds a smaller share Market impact: the revival of the automotive industry […]
The US 30 index has experienced local pressure. The market is conserving its strength ahead of Powell’s speech at Jackson Hole. Find out more in our US 30 forecast for next week. US 30 forecast: key trading points US 30 still has growth potential Investors are eagerly waiting for the Federal Reserve’s comments at the […]
The NZDUSD pair remains in a strong position. The market continues to disfavour the US dollar. Find out more in our analysis dated 23 August 2024. NZDUSD forecast: key trading points The NZDUSD pair is rising for the fourth consecutive week Investors anticipate RBNZ interest rate cuts in October and November NZDUSD forecast for 23 […]
The EURUSD rate is undergoing a slight correction as traders prepare for the Fed chair’s speech. Find out more in our analysis dated 23 August 2024. EURUSD forecast: key trading points Markets expect the Federal Reserve chair to provide guidance on future US monetary policy actions Traders estimate a 25% likelihood of a 50-basis-point interest […]
Although XAUUSD’s price dropped below 2,500 USD as part of a correction on Thursday, the prospects for further growth remain. Find out more in our XAUUSD analysis for today, 23 August 2024. XAUUSD forecast: key trading points Market focus: market participants await today’s speech by Federal Reserve Chair Jerome Powell at the Jackson Hole Symposium […]