Day: November 29, 2024

Nov 29
NZDUSD closes the week with gains as risk appetite emerges

The NZDUSD pair rose to 0.5913 on Friday, signalling a recovery following market sell-offs. Find out more in our analysis for 29 November 2024. NZDUSD forecast: key trading points NZDUSD closes the week with gains A weak US dollar and the RBNZ’s interest rate decision support the Kiwi NZDUSD forecast for 29 November 2024: 0.5920 […]

Nov 29
US 30 analysis: a new all-time high will unlikely be the last one this year

The US 30 index reached 45,000.0 points as part of the current uptrend. Find out more in our US 30 price forecast and analysis for next week, 2-6 December 2024. US 30 forecast: key trading points Recent data: the PCE price index was 2.8% year-on-year Economic indicators: this inflation gauge excludes food and energy prices […]

Nov 29
EURUSD: the US dollar loses ground amid hawkish ECB comments

The EURUSD rate is testing the crucial 1.0580 resistance level. Discover more in our analysis for 29 November 2024. EURUSD forecast: key trading points Hawkish comments from an ECB official support the euro’s rally Germany’s annual inflation rose to 2.2% in November 2024, with core inflation up to 3.0% The likelihood of a 50-basis-point ECB […]

Nov 29
USDJPY: the yen attempts to regain ground against the US dollar

The USDJPY rate fell below 150.00 amid positive fundamental data from Japan. More details in our analysis for 29 November 2024. USDJPY forecast: key trading points Tokyo’s core CPI in November: previously at 1.8%, currently at 2.2% Japan’s industrial production in October: previously at 1.6%, currently at 3.0% Japan’s retail sales (y/y): previously at 0.6%, […]

Nov 29
Gold (XAUUSD) is up, rising above 2,650 USD

This week, XAUUSD prices received support from buyers at the 2,600 USD level and reversed upwards, with growth likely to continue. More details in our XAUUSD analysis for today, 29 November 2024. XAUUSD forecast: key trading points Market focus: the US markets are closed as the country celebrates Thanksgiving Day Current trend: Upward movement XAUUSD […]