Day: February 7, 2025

Feb 07
EURUSD: the euro may continue to decline against the USD

Amid US fundamental data, the EURUSD rate may fall to 1.0300 after a correction. Find out more in our analysis for 7 February 2025. EURUSD forecast: key trading points US average hourly earnings in January: previously at 0.3%, projected at 0.3% US Nonfarm Payrolls: previously at 256 thousand, projected at 169 thousand US unemployment rate […]

Feb 07
USDJPY plunged to a two-month low, with everything working in favour of the yen

The USDJPY pair continues to decline and is testing the 151.76 level. Investors are expecting an imminent Bank of Japan interest rate hike. Discover more in our analysis for 7 February 2025. USDJPY forecast: key trading points The USDJPY pair maintains its downward trajectory, reaching two-month lows Investors bet on further easing of the Bank […]

Feb 07
Gold (XAUUSD) rises ahead of crucial US labour market data

XAUUSD prices are rising after rebounding from the support level, with the quotes currently at 2,863 USD. Find more details in our analysis for 7 February 2025. XAUUSD forecast: key trading points XAUUSD quotes are rising for the sixth consecutive week amid increased demand for Gold Increased buying is driven by concerns caused by trade […]

Feb 07
AUDUSD: the pair rises moderately ahead of Nonfarm Payrolls data

The AUDUSD rate is gradually strengthening this week, rising to the price area around 0.6300. The market will focus on the US employment statistics today. Discover more in our analysis for 7 February 2025. AUDUSD forecast: key trading points Market focus: market participants are awaiting the US labour market data, with the Nonfarm Payrolls and […]

Feb 07
EURUSD, USDJPY, GBPUSD, AUDUSD, USDCAD, XAUUSD, and Brent technical analysis and forecast for 7 February 2025

Here is a detailed daily technical analysis and forecast for EURUSD, USDJPY, GBPUSD, AUDUSD, USDCAD, XAUUSD, and Brent for 7 February 2025. EURUSD forecast On the H4 chart, EURUSD completed a downward impulse to 1.0352, followed by a correction to 1.0395, forming a consolidation range. Today, 7 February 2025, if the price breaks upwards, another […]

Feb 07
Gold (XAUUSD) underwent a downward correction after ADP data

XAUUSD prices are moderately declining from a new all-time high of 2,882 USD amid stronger-than-expected US ADP employment statistics. Find out more in our XAUUSD analysis for today, 6 February 2025. XAUUSD forecast: key trading points Gold quotes set a new all-time high of 2,882 USD The number of new jobs in the US increased […]