Day: September 16, 2024

Sep 16
Gold (XAUUSD) continues its upward rally, with the nearest target at 2,600 USD

XAUUSD price broke above the sideways range following the US PPI release last week, surpassing its all-time high of 2,532 USD. Now the uptrend continues. Find out more in our XAUUSD analysis for today, 16 September 2024. XAUUSD forecast: key trading points Market focus: market participants await the US Fed interest rate decision this week […]

Sep 16
EURUSD rose: the Fed must be decisive

The EURUSD pair has been rising for the third consecutive trading day. Investors are awaiting a 50-basis-point Federal Reserve interest rate cut. Find out more in our analysis for 16 September 2024. EURUSD forecast: key trading points The EURUSD pair rose steadily The US Federal Reserve meeting will be the main event of the week […]

Sep 16
EURUSD, USDJPY, GBPUSD, AUDUSD, USDCHF, NZDUSD, and USDCAD technical analysis and forecast for 16-20 September 2024

Here is a detailed weekly technical analysis and forecast for EURUSD, USDJPY, GBPUSD, AUDUSD, USDCHF, NZDUSD, and USDCAD for 16-20 September 2024. EURUSD forecast The EURUSD pair offers to consider the first downward wave towards 1.1002. The second corrective wave is forming, with the target at 1.1111, potentially extending to 1.1128. A triangle technical pattern […]

Sep 16
US 500 analysis: US inflation data reversed the index trend

The US 500 stock index rose by 4.30% from its local lows last week, driven by lower US inflation growth. The US 500 forecast for next week is moderately optimistic. US 500 forecast: key trading points Recent data: CPI rose by 0.2% in August Economic indicators: a surge in inflation was the main reason for […]

Sep 16
GBPUSD continues to rise following a correction

Improving UK house price index and US manufacturing index figures support the British pound. Discover more in our analysis for 16 September 2024. GBPUSD forecast: key trading points The Rightmove UK house price index (y/y): previously at -1.5%, currently at 0.8% NY Empire State Manufacturing Index (US): previously at -4.7 points, currently at -4.1 GBPUSD […]

Sep 16
USDJPY: focus on Fed and BoJ decisions

The USDJPY rate has been declining for the third consecutive trading session. Discover more in our analysis for 16 September 2024. USDJPY forecast: key trading points The USDJPY rate reached its annual low amid expectations of tougher Federal Reserve action The Fed meeting on 17-18 September will be the key event of the week, with […]