Day: September 9, 2024
With Japan’s Q2 GDP slightly rising and consumer spending moving into positive territory, all fundamental data supports the Japanese yen. Find out more in our analysis for 9 September 2024. USDJPY forecast: key trading points Japan’s Q2 GDP: previously at -0.6%, currently at 0.7% Japan’s GDP deflator (y/y): previously at 3.4%, currently at 3.1% Japan’s […]
The EURUSD rate is declining for the second consecutive session following the release of the US employment report. Find out more in our analysis for 9 September 2024. EURUSD forecast: key trading points US employment growth slowed as job gains in August were lower than expected The unemployment rate decreased to 4.2%, indicating improving employment […]
The US 500 stock index tumbled by 4.46% from its early-month levels, with US employment market data only accelerating the fall. The US 500 forecast is negative until the end of the week. US 500 forecast: key trading points Recent data: the number of jobs in the US increased by 142,000 in August, according to […]
Here is a detailed weekly technical analysis and forecast for EURUSD, USDJPY, GBPUSD, AUDUSD, USDCHF, NZDUSD, and USDCAD for 9-13 September 2024. EURUSD forecast The EURUSD pair continues its downward trajectory, with the target at 1.0990. The price is expected to reach the target this week. Subsequently, it will be essential to consider the development […]
The XAUUSD price has been trading in a sideways range for three weeks; the direction of the price movement out of the range may determine the future trend. The market will focus on US inflation data this week. Find out more in our XAUUSD analysis for today, 9 September 2024. XAUUSD forecast: key trading points […]
The GBPUSD pair has strengthened its position. The market is disappointed in the outlook following Friday’s US employment statistics. Find out more in our analysis for 9 September 2024. GBPUSD forecast: key trading points The GBPUSD pair has a stable start to the week The pound will respond to the Bank of England’s monetary strategy […]