Day: August 28, 2024
Bank of Japan Deputy Governor Ryozo Himino confirmed a September interest rate hike, subject to improved economic data. Find out more in our USDJPY analysis dated 28 August 2024. USDJPY forecast: key trading points A speech by Bank of Japan Deputy Governor Ryozo Himino Japan’s leading economic index: previously at 111.2, currently at 109.0 USDJPY […]
The USDCAD pair fell to a six-month low, primarily driven by the weakness of the US dollar. However, current developments are not particularly favourable for the Canadian dollar either. Find out more in our analysis dated 28 August 2024. USDCAD forecast: key trading points The USDCAD continues to decline Investors await Friday’s GDP data from […]
The US Tech stock index is correcting after an impressive rise, reaching the 20,000.0 mark. Overall, the US stock market feels confident now, so the US Tech index forecast remains positive, with further growth expected following the correction. US Tech forecast: key trading points Recent data: NVIDIA Corporation releases its Q2 earnings report today Market […]
The XAUUSD price has been trading above 2,500 USD since the beginning of the week but has yet to hit a new all-time high of 2,532 USD. Tomorrow, the market will focus on US GDP data. Find out more in our XAUUSD analysis for today, 28 August 2024. XAUUSD forecast: key trading points Market focus: […]
The EURUSD rate declined after unsuccessful attempts to rise above 1.1200. Find out more in our analysis dated 28 August 2024. EURUSD forecast: key trading points Investor confidence in a 50-basis-point Federal Reserve interest rate cut grows The preliminary Q2 US GDP estimate is expected to show an increase of 2.8% The core Personal Consumption […]
Despite the boycott of McDonald’s Corp (NYSE: MCD) in the Middle East, a decrease in net income, and reserved expectations for Q3 2024, the company’s stock price is approaching an all-time high. McDonald’s business model once again proves its effectiveness. This article covers the company’s revenue streams, its growth potential, and a technical analysis of […]