Day: October 30, 2024

Oct 30
Gold (XAUUSD) hit a new all-time high today, hovering above 2,780 USD

XAUUSD prices have completed a correction and are steadily rising, surpassing the previous all-time high of 2,758 USD. A triangle pattern has formed on the instrument chart. More details in our XAUUSD analysis for today, 30 October 2024. XAUUSD forecast: key trading points Market focus: market participants are awaiting the US labour market statistics this […]

Oct 30
USDJPY is on hold: investors prefer to wait for further news

The USDJPY pair remains in a consolidation phase. The market is preserving its strength ahead of the BoJ meeting. Find out more in our analysis for 30 October 2024. USDJPY forecast: key trading points The USDJPY pair paused ahead of the Bank of Japan meeting The market expects the interest rate to remain unchanged at […]

Oct 30
Nuclear power is back on trend. How to invest in nuclear energy development

Coal prices have fallen by 68% from their September 2022 peak, and uranium prices have increased by 70% over the same period. Both coal and uranium are used as raw materials for electric power generation, but unlike uranium, coal is considered a polluting energy source. Given the global trend towards environmental protection, sustained interest in […]

Oct 30
US Tech analysis: a new attempt to reach an all-time high

The US Tech stock index is in an uptrend; following weak labour market data, it is highly likely to reach a new all-time high. The US Tech forecast for next week is cautiously optimistic. US Tech forecast: key trading points Recent data: the JOLTS (Job Openings and Labor Turnover Survey) reported job openings at 7.443 […]

Oct 30
EURUSD: the euro has the potential to strengthen against the US dollar

GDP growth in the eurozone and a decrease in US employment figures may give the euro a chance to recover against the US dollar. Find out more in our analysis for 30 October 2024. EURUSD forecast: key trading points Eurozone Q3 GDP (y/y): previously at 0.6%, projected at 0.8% US ADP nonfarm employment change: previously […]

Oct 30
USDCAD rises despite Canada’s economic recovery

The USDCAD rate is rising, reaching the upper boundary of a long-term range. Discover more in our analysis for 30 October 2024. USDCAD forecast: key trading points US job openings in September 2024 decreased by 418,000 to 7.443 million The US Consumer Confidence Index rose to 108.7 points in October, beating analysts’ forecasts Canada’s wholesale […]