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Day: December 16, 2024

Dec 16
EURUSD: the euro may lose ground again

Amid a speech by the ECB President, the EURUSD rate may decline to 1.0414 following a correction. Discover more in our analysis for 16 December 2024. EURUSD forecast: key trading points ECB President Christine Lagarde will deliver a speech US manufacturing PMI: previously 49.7, projected at 49.4 US services PMI: previously 56.1, projected at 55.7 […]

Dec 16
USDJPY continues its ascent: rate prospects weigh on the yen

The USDJPY pair rose to 153.77 at the start of the week as investors bet on the Bank of Japan’s indecision. Find out more in our analysis for 16 December 2024. USDJPY forecast: key trading points The USDJPY pair continues its rally Investors believe that the Bank of Japan will refrain from raising the interest […]

Dec 16
US 500 analysis: the index is again attempting to reach a new all-time high after a minor correction

The US 500 stock index is poised for new highs again after a slight 1.0% decline. Discover more in our US 500 price forecast and analysis for next week, 23-27 December 2024. US 500 forecast: key trading points Recent data: the Consumer Price Index (CPI) came in at 2.7% year-on-year Economic indicators: the CPI reflects […]

Dec 16
EURUSD, USDJPY, GBPUSD, AUDUSD, USDCHF, NZDUSD, and USDCAD technical analysis and forecast for 16-20 December 2024

Here is a detailed weekly technical analysis and forecast for EURUSD, USDJPY, GBPUSD, AUDUSD, USDCHF, NZDUSD, and USDCAD for 16-20 December 2024. EURUSD forecast The EURUSD pair has rebounded downward from the 1.0629 level and declined to 1.0452. A consolidation range is anticipated to form around this level, with a downward breakout potentially extending the […]

Dec 16
GBPUSD has stabilised: traders await the Fed’s decision and signals from the Bank of England

The GBPUSD rate is correcting after rebounding from the 1.2615 support level. Find out more in our analysis for 16 December 2024. GBPUSD forecast: key trading points The US dollar is losing ground ahead of the Federal Reserve’s decision, with the market estimating the likelihood of a 25-basis-point interest rate cut at 97.1% Weak economic […]

Dec 16
Gold (XAUUSD) corrects towards 2,650 USD

XAUUSD prices rose above 2,720 USD last week but could not sustain that level, entering a correction. This week, the market will focus on the US Federal Reserve’s interest rate decision. More details in our XAUUSD analysis for today, 16 December 2024. XAUUSD forecast: key trading points Market focus: market participants are awaiting a Federal […]