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Day: November 6, 2024

Nov 06
EURUSD: the pair declines amid the US election

The EURUSD rate fell to 1.0700 due to the strengthening of the US dollar in anticipation of Trump’s victory. Find out more in our analysis for 6 November 2024. EURUSD forecast: key trading points The euro declines against the US dollar amid the US presidential election The Eurogroup held a meeting in Brussels yesterday The […]

Nov 06
Intel’s streak of misfortune ends; the company forecasts net profit in the next quarter

Intel Corp. (NASDAQ: INTC) shares have fallen by about 55% since the beginning of 2024. The company faces significant challenges, lagging behind Advanced Micro Devices Inc. (NASDAQ: AMD) and NVIDIA Corp. (NASDAQ: NVDA). It ended Q3 with a 2 billion USD loss. This may represent an even more significant setback than the dot-com crisis, during […]

Nov 06
US Tech analysis: end of election uncertainty boosts investor sentiment

The US Tech stock index is actively rising on news of Donald Trump’s victory, fuelled by hopes that he will encourage the US Federal Reserve to implement more decisive interest rate cuts. Find out more in our US Tech price forecast and analysis for next week – 11-17 November 2024. US Tech forecast: key trading […]

Nov 06
USDCAD resumed growth: the market is watching the US election results

The USDCAD pair is confidently rising, with the US dollar in demand as the majority of votes favour Trump. More details in our analysis for 6 November 2024. USDCAD forecast: key trading points The USDCAD pair surges The market is following the first reports on the US presidential election USDCAD forecast for 6 November 2024: […]

Nov 06
USDJPY: the yen continues to lose ground

The US presidential election has put pressure on the yen, which continues to lose ground against the US dollar. More details in our analysis for 6 November 2024. USDJPY forecast: key trading points The Bank of Japan monetary policy meeting minutes Japan’s services PMI: previously at 53.1, currently at 49.7 US presidential election USDJPY forecast […]

Nov 06
Gold (XAUUSD) continues to correct, falling to 2,700 USD

XAUUSD prices continue to correct, plunging to 2,700 USD amid US dollar growth driven by the US election. Once the correction is complete, growth could resume. Discover more in our XAUUSD analysis for today, 6 November 2024. XAUUSD forecast: key trading points Market focus: Donald Trump is confidently in the lead in the ongoing US […]

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