Day: September 2, 2024
The GBPUSD rate is rising after three consecutive trading sessions of decline. Find out more in our analysis dated 2 September 2024. GBPUSD forecast: key trading points The US Consumer Price Index rose by 0.2% in July Investors have revised their expectations regarding a Federal Reserve interest rate cut amid the latest inflation data The […]
The eurozone’s PMI and the US holiday may not weaken the US dollar. Find out more in our EURUSD forecast dated 2 September 2024. EURUSD forecast: key trading points Today is US Labor Day The eurozone’s manufacturing PMI for August: previously at 45.6, projected at 45.6 EURUSD forecast for 2 September 2024: 1.1005 and 1.1096 […]
The US 500 stock index is attempting to reach a new all-time high following a correction in early August 2024. The US 500 forecast remains moderately optimistic. US 500 forecast: key trading points Recent data: US initial jobless claims reached 231,000 Economic indicators: this indicator is an indirect gauge of the US employment market, which […]
Here is a detailed weekly technical analysis and forecast for EURUSD, USDJPY, GBPUSD, AUDUSD, USDCHF, NZDUSD, and USDCAD for 2-6 September 2024. EURUSD forecast The EURUSD pair continues to develop the first downward wave, with a target at 1.0990. This week, the price is expected to reach this target. Subsequently, it could undergo a correction […]
Despite XAUUSD’s price falling below 2,500 USD on Monday, growth prospects remain. This week, the market will focus on US employment data. Find out more in our analysis dated 2 September 2024. XAUUSD forecast: key trading points Market focus: market participants are awaiting US employment market statistics this week Current trend: although gold is trading […]
USDJPY starts the week with a rise. The Japanese yen comes under pressure from a strong US dollar. Find out more in our analysis dated 2 September 2024. USDJPY forecast: key trading points The USDJPY pair rose to a two-week high Investors are monitoring statistics and awaiting US employment market reports USDJPY forecast for 2 […]