Day: November 7, 2024

Nov 07
USDJPY is at a three-month high: the yen is under pressure from the US dollar

The USDJPY pair is appreciating rapidly, with the yen under pressure from the strong US dollar. Find out more in our analysis for 7 November 2024. USDJPY forecast: key trading points The USDJPY pair has reached a three-month peak The market does not rule out the possibility of financial interventions by the Bank of Japan […]

Nov 07
DE 40 analysis: attempted reversal failed, with growth followed by a decline

The DE 40 stock index started yesterday with an initial rise, following the US indices, but ended lower, closing at around 19,000. The DE 40 forecast for next week remains negative. DE 40 forecast: key trading points Recent data: Germany’s industrial production decreased by 2.5% month-on-month in September Economic indicators: Germany’s trade surplus sank to […]

Nov 07
AUDUSD recouped mid-week’s losses

The AUDUSD pair is rising on Thursday, with the Aussie supported by the RBA’s stance. More details in our analysis for 7 November 2024. AUDUSD forecast: key trading points The AUDUSD pair halted its rapid decline A tough RBA stance helped reduce this week’s losses AUDUSD forecast for 7 November 2024: 0.6688 Fundamental analysis The […]

Nov 07
Silver (XAGUSD) prices undergo a correction, falling below 31.00 USD

XAGUSD is trading within a downward correction after reaching an annual high near 35.00 USD. The pair is under pressure due to the strengthening of the US dollar following the US election. Discover more in our XAGUSD analysis for today, 7 November 2024. XAGUSD forecast: key trading points Market focus: Donald Trump wins the US […]

Nov 07
EURUSD: the euro attempts to regain ground after a decline

Speeches by ECB officials and the Federal Reserve’s interest rate decision may add to market volatility. Discover more in our analysis for 7 November 2024. EURUSD forecast: key trading points A speech by European Central Bank official Isabel Schnabel US initial jobless claims: previously at 216,000, projected at 223,000 The US Federal Reserve’s interest rate […]