Day: December 6, 2024

Dec 06
Gold (XAUUSD) is consolidating within a range ahead of nonfarm payrolls

XAUUSD prices are consolidating within a narrow range near the 2,650 USD level as market participants await US employment statistics. Find out more in our XAUUSD analysis for today, 6 December 2024. XAUUSD forecast: key trading points Market focus: market participants await US labour market data, with nonfarm payrolls and the unemployment rate due today […]

Dec 06
US 30 analysis: index growth rates are slowing, while the likelihood of a correction increases

The US 30 index failed to secure above the 45,000.0 level within the current uptrend. Find more in our US 30 price forecast and analysis for next week, 9-13 December 2024. US 30 forecast: key trading points Recent data: US initial jobless claims came in at 224 thousand Economic indicators: initial jobless claims reflect the […]

Dec 06
USDJPY continues to decline: the market bets on a BoJ interest rate hike

The USDJPY pair has dropped below 150.00. The market anticipates a December interest rate hike by the Bank of Japan. Discover more in our analysis for 6 December 2024. USDJPY forecast: key trading points The USDJPY pair continues to decline The market remains confident about a December Bank of Japan rate hike USDJPY forecast for […]

Dec 06
EURUSD: the euro has a chance to regain ground

The main news today is the release of the US nonfarm payrolls. Can the EURUSD pair rise to 1.0628? Find more details in our analysis for 6 December 2024. EURUSD forecast: key trading points Eurozone Q3 GDP: previously at 0.4%, projected at 0.4% US unemployment rate: previously at 4.1%, projected at 4.2% US nonfarm payrolls: […]

Dec 06
NZDUSD is under pressure: the market awaits US employment data

The NZDUSD rate is declining, with sellers poised to test the 0.5845 support level. More details in our analysis for 6 December 2024. NZDUSD forecast: key trading points The markets await the US employment report, which could shape the Federal Reserve’s further actions The likelihood of a 25-basis-point interest rate reduction by the US regulator […]