Day: October 29, 2024
Brent prices continue to decline moderately after the underwhelming OPEC report and eased concerns over a potential escalation of the Middle East conflict. Discover more in our Brent analysis for today, 29 October 2024. Brent forecast: key trading points US data: API crude oil inventory statistics will be released today Current trend: a downward movement […]
Decreased unemployment in Japan and increased consumer confidence in the US support the strength of the US dollar. Discover more in our analysis for 29 October 2024. USDJPY forecast: key trading points Japan’s unemployment rate: previously at 2.5%, currently at 2.4% US job openings: previously at 8.040 million, currently at 7.980 million The US Consumer […]
The JP 225 stock index remains in a downtrend, with a deep correction likely to persist. The JP 225 forecast for next week is negative. JP 225 forecast: key trading points Recent data: Japan’s manufacturing PMI was 49.0 points in October based on preliminary data Economic indicators: this is a gauge of business activity in […]
Here is a detailed weekly technical analysis and forecast for EURUSD, USDJPY, GBPUSD, AUDUSD, USDCHF, NZDUSD, and USDCAD for 29 October – 1 November 2024. EURUSD forecast The EURUSD pair has completed a downward wave, reaching 1.0760. After hitting this level, the price completed the first upward impulse towards 1.0833. The correction of this impulse […]
The EURUSD rate slightly declines, remaining within the range. More details in our analysis for 29 October 2024. EURUSD forecast: key trading points Positive US economic indicators continue to exert pressure on the euro The increasing likelihood of Donald Trump’s victory in the presidential election supports the US dollar Traders are focused on the upcoming […]
The USDCHF pair is declining; the market requires a correction. Find out more in our analysis for 29 October 2024. USDCHF forecast: key trading points The USDCHF pair is undergoing a correction The market is focused on the upcoming US presidential election USDCHF forecast for 29 October 2024: 0.8636 and 0.8740 Fundamental analysis The USDCHF […]