Day: November 11, 2024
Stable bank lending and the Bank of Japan’s summary of opinions may support the yen’s strengthening against the US dollar. Discover more in our analysis for 11 November 2024. USDJPY forecast: key trading points Japan’s Bank Lending Rate (y/y): previously at 2.7%, currently at 2.7% The Bank of Japan summary of opinions Japan’s Economy Watchers […]
The GBPUSD pair started the week in calm conditions. The pound has absorbed the recent shock and recovered. Find out more in our analysis for 11 November 2024. GBPUSD forecast: key trading points The GBPUSD pair has stabilised The market expects the Bank of England to reduce interest rates gradually GBPUSD forecast for 11 November […]
Here is a detailed weekly technical analysis and forecast for EURUSD, USDJPY, GBPUSD, AUDUSD, USDCHF, NZDUSD, and USDCAD for 11 – 15 November 2024. EURUSD forecast The EURUSD pair has completed a downward wave, reaching 1.0680, the initial target. A consolidation range is expected to form at the low point of this wave. A breakout […]
XAUUSD prices remain within a correction following Donald Trump’s victory in the US election. The asset attempted to reverse upwards from the 2,643 USD support level but is now declining again. More details in our XAUUSD analysis for today, 11 November 2024. XAUUSD forecast: key trading points Market focus: market participants are awaiting US inflation […]
The US 500 stock index is in an uptrend and will likely reach another all-time high. Find out more in our US 500 price forecast and analysis for next week, 18-22 November 2024. US 500 forecast: key trading points Recent data: the US Federal Reserve lowered the interest rate to 4.75% Economic indicators: the interest […]
The euro remains under pressure after the US election. Find out more in our analysis for 11 November 2024. EURUSD forecast: key trading points Today is a public holiday in the US – Veterans Day No crucial economic statistics are scheduled for today EURUSD forecast for 11 November 2024: 1.0680 Fundamental analysis The euro continues […]