Market Analysis
Detailed market analysis for the global markets provided by various regulated forex brokers technical analysis teams
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Brent prices received support from OPEC+ and reversed upwards. The quotes are now hovering around 75.00 USD, with growth likely to resume. Find out more in our Brent analysis for today, 5 November 2024. Brent forecast: key trading points Current trend: upward movement Market focus: market participants are awaiting the outcome of the US presidential […]
The GBPUSD pair rose, with the pound supported by the local weakness of the US dollar. More details in our analysis for 4 November 2024. GBPUSD forecast: key trading points The GBPUSD pair has risen Investors will need safe-haven assets this week GBPUSD forecast for 4 November 2024: 1.3060 and 1.3128 Fundamental analysis The GBPUSD […]
The USDJPY pair is undergoing a correction, with the US dollar retreating ahead of the US presidential election. Find out more in our analysis for 4 November 2024. USDJPY forecast: key trading points The USDJPY pair declines Safe-haven assets are in demand this week USDJPY forecast for 4 November 2024: 151.00 and 150.80 Fundamental analysis […]
Here is a detailed weekly technical analysis and forecast for EURUSD, USDJPY, GBPUSD, AUDUSD, USDCHF, NZDUSD, and USDCAD for 4 – 8 November 2024. EURUSD forecast The EURUSD pair has completed a downward wave, reaching 1.0760. After the price hit this level, the third growth wave began to form, aiming for 1.0933. This could be […]
The US 500 stock index entered a downtrend amid mixed US labour market data and the upcoming election. The US 500 forecast for next week is moderately negative. US 500 forecast: key trading points Recent data: nonfarm payroll growth was just 12,000 in October Economic indicators: this metric reflects job growth in the US nonfarm […]
Rising eurozone figures and speeches by ECB officials are bolstering the euro. Find out more in our analysis for 4 November 2024. EURUSD forecast: key trading points The eurozone’s manufacturing PMI: previously at 45.0, projected at 45.9 A speech by a member of the Supervisory Board (ECB representative), Elizabeth McCaul A speech by European Central […]
XAUUSD prices continue to correct, falling to the area around 2,730 USD. Once the correction is complete, the pair is expected to maintain its upward trajectory. Discover more in our XAUUSD analysis for today, 4 November 2024. XAUUSD forecast: key trading points Market focus: US labour market statistics were below forecasts Current trend: a local […]
The EURUSD rate is falling after rebounding from the 1.0885 resistance level. Find out more in our analysis for 1 November 2024. EURUSD forecast: key trading points US initial jobless claims fell to their lowest level since May, coming in at 216,000 Traders forecast gains of 113,000 jobs in the employment report US personal income […]
The US 30 stock index is in a downtrend, surpassing the 42,065.0 support level. The US 30 forecast for next week is moderately negative. US 30 forecast: key trading points Recent data: the PCE index was 2.7% year-on-year Economic indicators: the PCE index measures inflation, excluding volatile food and energy prices Market impact: the PCE […]
The NZDUSD pair maintains its strength on Friday. Yesterday’s US statistics may prompt adjustments. More details in our analysis for 1 November 2024. NZDUSD forecast: key trading points The NZDUSD pair halted its decline The market awaits US employment data and considers the risks of the upcoming presidential election NZDUSD forecast for 1 November 2024: […]
The decrease in US nonfarm payrolls and the forecast for the unemployment rate are weighing on the US dollar. Find out more in our analysis for 1 November 2024. USDJPY forecast: key trading points Japan’s manufacturing PMI: previously at 49.7, currently at 49.2 US nonfarm payrolls: previously at 254,000, projected at 106,000 US unemployment rate: […]
XAUUSD prices are correcting after reaching a new all-time high of 2,790 USD. Market participants focus on today’s US labour market statistics. Discover more in our XAUUSD analysis for today, 1 November 2024. XAUUSD forecast: key trading points Market focus: market participants await today’s US labour market statistics, including nonfarm payrolls and the unemployment rate […]