Day: February 6, 2025
Global indices continue to correct except for Japan’s JP 225. Find out more in our analysis and forecast for global indices for 6 February 2025. US indices forecast: US 30, US 500, US Tech Recent data: the US S&P composite PMI came in at 52.7 in January Market impact: the decrease in the composite PMI […]
Here is a detailed daily technical analysis and forecast for EURUSD, USDJPY, GBPUSD, AUDUSD, USDCAD, XAUUSD, and Brent for 6 February 2025. EURUSD forecast On the H4 chart, EURUSD completed a growth wave to 1.0441 and formed a downward impulse to 1.0390. Today, 6 February 2025, a correction towards 1.0410 is expected. A consolidation range […]
Brent prices are trying to form a correction after the decline, with the target at the 76.00 resistance level. Find out more in our analysis for 6 February 2025. Brent forecast: key trading points US initial jobless claims: previously at 207 thousand, projected at 214 thousand Brent forecast for 6 February 2025: 74.00 and 76.00 […]
Meta Platforms delivered strong financial results in Q4 2024, with revenue and profit exceeding analysts’ expectations. While this pushed the company’s stock price higher, growth remained moderate due to concerns about substantial investments in AI-based products and sluggish user growth. Investors are increasingly questioning whether such high AI-related spending will yield returns in the future. […]
The USDJPY rate is declining for the fourth consecutive trading session, with the price currently at 152.44. Discover more in our analysis for 6 February 2025. USDJPY forecast: key trading points Expectations of another Bank of Japan interest rate hike are rising Data showed Tokyo wages rose by 0.6% in December Japan’s nominal wages reached […]
The EURUSD pair is consolidating around 1.0390. Investors need strength ahead of new US labour sector releases. Find more details in our analysis for 6 February 2025. EURUSD forecast: key trading points The EURUSD pair suspended growth The market collects data and awaits fresh statistics on the US labour sector on Friday EURUSD forecast for […]
