Market Analysis
Detailed market analysis for the global markets provided by various regulated forex brokers technical analysis teams
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The stock indices resumed growth after a correction. Find out more in our analysis and forecast for the leading global indices for 24 December 2024. US indices forecast: US 30, US 500, US Tech Recent data: the PCE Price Index came in at 2.4% year-on-year Market impact: easing inflationary pressures, coupled with expectations of a […]
The era of stringent regulatory pressure from the Chinese government on Alibaba is over. In 2024, Chinese authorities’ rhetoric towards business shifted, and the government is now seeking ways to provide support. The mere news of China’s economic stimulus increased Alibaba’s shares by 10.0%. It may now be the right time to consider investing in […]
Following a decline, Brent crude oil is attempting a recovery, with a potential growth target of 73.00. Discover more in our analysis for 24 December 2024. Brent forecast: key trading points Brent crude oil futures show growth on the London Stock Exchange Market participants anticipate a pre-New Year rally Brent forecast for 24 December 2024: […]
Gold (XAUUSD) continues to strengthen amid limited news coverage, with a potential growth target of 2,650. Find out more in our XAUUSD analysis for today, 24 December 2024. XAUUSD forecast: key trading points The Richmond Fed Manufacturing Index: previously at -14, projected at -10 Current trend: upward movement XAUUSD forecast for 24 December 2024: 2,650 […]
The EURUSD pair may continue its corrective wave towards 1.0464, influenced by US economic indicators. Find out more in our analysis for 23 December 2024. EURUSD forecast: key trading points Spain’s Q3 GDP: previously at 0.8%, projected at 0.8% US durable goods orders: previously at 0.2%, projected at 0.2% EURUSD forecast for 23 December 2024: […]
Here is a detailed daily technical analysis and forecast for EURUSD, USDJPY, GBPUSD, AUDUSD, USDCAD, XAUUSD, and Brent for 23 December 2024. EURUSD forecast The EURUSD H4 chart shows the market has completed a downward wave, reaching 1.0343. A correction is likely to develop today, 23 December 2024. The market has received support at 1.0386 […]
The USDCAD rate is rising after reversing from the support level, with the current price at 1.4273. Find out more in our analysis for 23 December 2024. USDCAD forecast: key trading points Investors are revising expectations for Federal Reserve interest rate cuts Canada’s core inflation rose to 2.7%, exceeding analysts’ expectations The resignation of Minister […]
Despite positive fundamental forecasts for the US, Gold continues to strengthen, with the growth target at 2,650. More details in our XAUUSD analysis for today, 23 December 2024. XAUUSD forecast: key trading points US Consumer Confidence Index: previously at 111.7%, projected at 112.9% Current trend: moving upwards XAUUSD forecast for 23 December 2024: 2,650 and […]
The USDJPY rate reversed from the support level, with the current price at 156.55. Discover more in our analysis for 23 December 2024. USDJPY forecast: key trading points The Japanese yen remains under pressure due to uncertainty regarding a Bank of Japan interest rate hike Americans’ income rose by 0.3% in November, with spending increasing […]
Following the US Federal Reserve’s decision to lower the interest rate, stock indices saw the biggest decline since the late summer of 2024. Find out more in our analysis, news and forecast for the world leading global indices for 20 December 2024. US indices forecast: US 30, US 500, US Tech Recent data: the US […]
The AUDUSD pair declined to 0.6223, and recovering from the two-year low will not be easy. Find out more in our analysis for 20 December 2024. AUDUSD forecast: key trading points The AUDUSD pair remains at a two-year low The market is confident that the RBA is closer to an interest rate cut, which could […]
Here is a detailed daily technical analysis and forecast for EURUSD, USDJPY, GBPUSD, AUDUSD, USDCAD, XAUUSD, and Brent for 20 December 2024. EURUSD forecast On the H4 EURUSD chart, the market has completed a corrective wave structure to 1.0420. Today, 20 December 2024, we expect a downward wave to develop towards 1.0330. Subsequently, a correction […]