Day: November 1, 2024

Nov 01
EURUSD undergoes a correction ahead of a key US employment report

The EURUSD rate is falling after rebounding from the 1.0885 resistance level. Find out more in our analysis for 1 November 2024. EURUSD forecast: key trading points US initial jobless claims fell to their lowest level since May, coming in at 216,000 Traders forecast gains of 113,000 jobs in the employment report US personal income […]

Nov 01
US 30 analysis: the downtrend continues

The US 30 stock index is in a downtrend, surpassing the 42,065.0 support level. The US 30 forecast for next week is moderately negative. US 30 forecast: key trading points Recent data: the PCE index was 2.7% year-on-year Economic indicators: the PCE index measures inflation, excluding volatile food and energy prices Market impact: the PCE […]

Nov 01
NZDUSD started to consolidate, but risks persist

The NZDUSD pair maintains its strength on Friday. Yesterday’s US statistics may prompt adjustments. More details in our analysis for 1 November 2024. NZDUSD forecast: key trading points The NZDUSD pair halted its decline The market awaits US employment data and considers the risks of the upcoming presidential election NZDUSD forecast for 1 November 2024: […]

Nov 01
USDJPY: the US dollar continues to exert pressure on the yen

The decrease in US nonfarm payrolls and the forecast for the unemployment rate are weighing on the US dollar. Find out more in our analysis for 1 November 2024. USDJPY forecast: key trading points Japan’s manufacturing PMI: previously at 49.7, currently at 49.2 US nonfarm payrolls: previously at 254,000, projected at 106,000 US unemployment rate: […]

Nov 01
Gold (XAUUSD) is undergoing a local correction; the market awaits nonfarm payrolls today

XAUUSD prices are correcting after reaching a new all-time high of 2,790 USD. Market participants focus on today’s US labour market statistics. Discover more in our XAUUSD analysis for today, 1 November 2024. XAUUSD forecast: key trading points Market focus: market participants await today’s US labour market statistics, including nonfarm payrolls and the unemployment rate […]