Day: September 5, 2024
The USDJPY pair is losing ground. The market favours the yen as a safe-haven asset. Discover more in our analysis for 5 September 2024. USDJPY forecast: key trading points The USDJPY pair fell to a two-month low Japan’s robust domestic statistics and weak US reports are supporting the yen USDJPY forecast for 5 September 2024: […]
The DE 40 stock index hit a new all-time high despite weak economic indicators in Germany. The primary reason for such investor reaction is the expectation of an ECB key rate cut, which cannot be a long-term factor. DE 40 forecast: key trading points Recent data: the manufacturing PMI reached 42.4 points in August Economic […]
Brent’s price dipped below 75.00 USD, with the downward momentum likely to continue after a small correction. The market will focus on US data today: the EIA oil stock change and the ADP employment statistics. Find out more in our Brent analysis for today, 5 September 2024. Brent forecast: key trading points US data: the […]
US economic forecasts could not significantly impact the strengthening of the US dollar yet due to the expectation of a US interest rate decision. Find out more in our analysis for 5 September 2024. EURUSD forecast: key trading points A speech by a member of the Supervisory Board of the European Central Bank, Anneli Tuominen […]
The AUDUSD rate is stabilising following a speech by the RBA’s chief. Find out more in our analysis for 5 September 2024. AUDUSD forecast: key trading points The Australian dollar stabilised amid the RBA’s hawkish stance and positive foreign trade data Australia’s trade surplus reached a five-month high of 6.01 billion AUD The market expects […]
XAUUSD price fell below 2,500 USD on Tuesday but stayed above the significant 2,470-2,480 USD support area. The market will focus on US employment data on Thursday and Friday. Find out more in our XAUUSD analysis for today, 4 September 2024. XAUUSD forecast: key trading points Market focus: market participants await US employment statistics at […]