Day: December 2, 2024

Dec 02
Gold (XAUUSD) holds steadily above 2,600 USD

XAUUSD prices received support from buyers at the 2,600 USD level and reversed upwards last week. Growth will likely continue this week. More details in our XAUUSD analysis for today, 2 December 2024. XAUUSD forecast: key trading points Market focus: market participants are awaiting US labour market statistics, with ADP indicators, nonfarm payrolls, and the […]

Dec 02
GBPUSD declines at the beginning of the week as the news lull ends

The British pound sterling is undergoing a correction after its recent rise and is trading at 1.2691, as the impact of the US dollar has returned in full force. Find out more in our analysis for 2 December 2024. GBPUSD forecast: key trading points The GBPUSD pair rose briefly before pausing The extended US holidays […]

Dec 02
US 500 analysis: the index has reached an all-time high and attempts to consolidate above 6,000 points

The US 500 index surpassed the 6,000.0 level within the ongoing uptrend. More details in our US 500 price forecast and analysis for next week, 9-13 December 2024 US 500 forecast: key trading points Recent data: US GDP rose by 2.8% in Q3 2024 year-on-year Economic indicators: this figure reflects overall economic growth Market impact: […]

Dec 02
EURUSD, USDJPY, GBPUSD, AUDUSD, USDCHF, NZDUSD, and USDCAD technical analysis and forecast for 2-6 December 2024

Here is a detailed weekly technical analysis and forecast for EURUSD, USDJPY, GBPUSD, AUDUSD, USDCHF, NZDUSD, and USDCAD for 2-6 December 2024. EURUSD forecast The EURUSD pair is forming the first upward wave towards 1.0720. After reaching this level, the price could drop to 1.0525. Subsequently, the next growth structure may develop, targeting 1.0808. This […]

Dec 02
USDJPY: the yen loses ground again following a correction

US and Japanese manufacturing PMI data could support the USDJPY pair’s uptrend, with a target of 150.68. Find out more in our analysis for 2 December 2024. USDJPY forecast: key trading points Japan’s manufacturing PMI: previously at 49.2, currently at 49.0 US manufacturing PMI: previously at 48.5, projected at 48.8 CFTC JPY speculative net positions: […]

Dec 02
EURUSD: Trump’s statement supports US dollar gains

The EURUSD rate is poised to test a key support level at 1.0495. Discover more in our analysis for 2 December 2024. EURUSD forecast: key trading points The US dollar has strengthened following Donald Trump’s announcement to BRICS countries about sanctions for creating currencies intended to rival the US dollar Analysts anticipate US job growth […]