Day: November 8, 2024

Nov 08
EURUSD declines again, with the US dollar bolstered by the Fed

The EURUSD pair is losing ground. The market can now take a slight respite following the Federal Reserve’s decision. Find out more in our analysis for 8 November 2024. EURUSD forecast: key trading points The EURUSD pair declines again Investors have received a wealth of data and will now analyse it more closely EURUSD forecast […]

Nov 08
US 30 analysis: Donald Trump’s victory and the US Fed interest rate cut spark market euphoria

The US 30 stock index has reached a new all-time high and is rising steadily following the US Federal Reserve’s key rate cut. Find out more in our US 30 analysis and forecast for next week, 11-17 November 2024. US 30 forecast: key trading points Recent data: the US Federal Reserve lowered the interest rate […]

Nov 08
USDJPY: the yen continues its attempts to strengthen

Japan’s household spending is gradually increasing, along with other fundamental indicators, positively impacting the yen. Discover more in our analysis for 8 November 2024. USDJPY forecast: key trading points Japan’s household spending index: previously at -1.9%, currently at -1.1% Japan’s Leading Economic Index: previously at 106.9, currently at 109.4 The University of Michigan US inflation […]

Nov 08
NZDUSD: the New Zealand dollar is still likely to strengthen

The US dollar continues to lose ground against the New Zealand dollar amid fundamental data. Find out more in our analysis for 8 November 2024. NZDUSD forecast: key trading points CFTC NZD speculative net positions: previously at -2.2 thousand The University of Michigan Consumer Sentiment Index: previously at 70.5, projected at 71.0 A speech by […]

Nov 08
Gold (XAUUSD) found support around 2,643 USD

XAUUSD prices declined to 2,643 USD as part of a correction amid the US dollar’s strengthening, driven by the US election. The asset encountered strong demand at this level and is attempting to reverse upwards. More details in our XAUUSD analysis for today, 8 November 2024. XAUUSD forecast: key trading points Market focus: Donald Trump […]