Market Analysis
Detailed market analysis for the global markets provided by various regulated forex brokers technical analysis teams
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The EURUSD pair has strengthened markedly. The market appears stable. Find out more in our analysis for 31 October 2024. EURUSD forecast: key trading points The EURUSD pair rose and paused Investors price in expectations regarding the ECB and US statistics EURUSD forecast for 31 October 2024: 1.0880 and 1.0818 Fundamental analysis The EURUSD rate […]
The DE 40 stock index has entered a downtrend, which may last for the medium term. The DE 40 forecast for next week is negative. DE 40 forecast: key trading points Recent data: Germany’s preliminary CPI was 2.0% y/y in October Economic indicators: inflation in the EU’s leading economy affects the ECB’s monetary policy Market […]
The USDJPY rate has declined, securing below the 152.65 support level. Discover more in our analysis for 31 October 2024 USDJPY forecast: key trading points The Bank of Japan left the interest rate at 0.25%, the highest level since 2008 The US economy grew at a 2.8% annual rate in Q3, slightly below the forecasted […]
XAGUSD is trading within a downward correction after failing to break above the 35.00 USD level. The trend remains upward, with growth likely to resume soon. Find out more in our XAGUSD analysis for today, 31 October 2024. XAGUSD forecast: key trading points Market focus: market participants are awaiting Friday’s US labour market statistics, including […]
Despite falling retail sales in Australia, the AUDUSD forecast is somewhat optimistic. More details in our analysis for 31 October 2024. AUDUSD forecast: key trading points Australia’s retail sales (m/m): previously at 0.7%, currently at 0.1% US initial jobless claims: previously at 227,000, projected at 229,000 Chicago PMI (US): previously at 46.6, projected at 46.9 […]
XAUUSD prices have completed a correction and are steadily rising, surpassing the previous all-time high of 2,758 USD. A triangle pattern has formed on the instrument chart. More details in our XAUUSD analysis for today, 30 October 2024. XAUUSD forecast: key trading points Market focus: market participants are awaiting the US labour market statistics this […]
The USDJPY pair remains in a consolidation phase. The market is preserving its strength ahead of the BoJ meeting. Find out more in our analysis for 30 October 2024. USDJPY forecast: key trading points The USDJPY pair paused ahead of the Bank of Japan meeting The market expects the interest rate to remain unchanged at […]
Coal prices have fallen by 68% from their September 2022 peak, and uranium prices have increased by 70% over the same period. Both coal and uranium are used as raw materials for electric power generation, but unlike uranium, coal is considered a polluting energy source. Given the global trend towards environmental protection, sustained interest in […]
The US Tech stock index is in an uptrend; following weak labour market data, it is highly likely to reach a new all-time high. The US Tech forecast for next week is cautiously optimistic. US Tech forecast: key trading points Recent data: the JOLTS (Job Openings and Labor Turnover Survey) reported job openings at 7.443 […]
GDP growth in the eurozone and a decrease in US employment figures may give the euro a chance to recover against the US dollar. Find out more in our analysis for 30 October 2024. EURUSD forecast: key trading points Eurozone Q3 GDP (y/y): previously at 0.6%, projected at 0.8% US ADP nonfarm employment change: previously […]
The USDCAD rate is rising, reaching the upper boundary of a long-term range. Discover more in our analysis for 30 October 2024. USDCAD forecast: key trading points US job openings in September 2024 decreased by 418,000 to 7.443 million The US Consumer Confidence Index rose to 108.7 points in October, beating analysts’ forecasts Canada’s wholesale […]
Brent prices continue to decline moderately after the underwhelming OPEC report and eased concerns over a potential escalation of the Middle East conflict. Discover more in our Brent analysis for today, 29 October 2024. Brent forecast: key trading points US data: API crude oil inventory statistics will be released today Current trend: a downward movement […]