Day: October 7, 2024
XAUUSD price is moderately correcting downwards after Friday’s positive US employment market data release, while a triangle pattern continues forming on the chart. Read our XAUUSD analysis for today, 7 October 2024, for more detailed insights. XAUUSD forecast: key trading points Market focus: US employment market statistics exceeded forecasts Current trend: a moderate correction is […]
The EURUSD pair continues to decline, with the market increasingly favouring the US dollar. Find out more in our analysis for 7 October 2024. EURUSD forecast: key trading points The EURUSD pair has fallen to a two-month low US dollar advocates no longer expect the Federal Reserve to cut interest rates rapidly EURUSD forecast for […]
Here is a detailed weekly technical analysis and forecast for EURUSD, USDJPY, GBPUSD, AUDUSD, USDCHF, NZDUSD, and USDCAD for 7 – 11 October 2024. EURUSD forecast The EURUSD pair is forming a broad consolidation range around the 1.1077 level, with the market currently extending the range down to 1.0940. After reaching this level, the price […]
The GBPUSD rate is approaching a crucial support level of 1.3035. Read more in our analysis for 7 October 2024. GBPUSD forecast: key trading points Bank of England Governor Andrew Bailey announced a potential rapid interest rate cut if inflation slows Strong US labour market data reduced expectations of a significant Federal Reserve interest rate […]
The USDJPY rate is approaching the 149.35 resistance level amid uncertainty regarding the BoJ policy. Discover more in our analysis for 7 October 2024. USDJPY forecast: key trading points The number of US jobs increased by 254,000 in September, marking the highest gain over the past six months The likelihood of a 50-basis-point Federal Reserve […]
The US 500 stock index closed with gains last Friday following the release of strong US labour market data. The US 500 forecast for next week is moderately positive. US 500 forecast: key trading points Recent data: US unemployment reached 4.1% in September Economic indicators: the unemployment rate is one of the leading indicators for […]