Market Analysis
Detailed market analysis for the global markets provided by various regulated forex brokers technical analysis teams
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The JP 225 stock index declined by 7% immediately after reaching a new all-time high. However, the support level of the uptrend has not yet been breached. JP 225 trading key points Recent data: Japan’s CPI consumer inflation reached 2.8% year-over-year in June Economic indicators: rising inflation amid a weakening yen is prompting the Bank […]
Gold prices are declining after reaching an all-time high of 2,483 USD per troy ounce. XAUUSD trading key points Market focus: market participants are awaiting US GDP growth data for Q2 2024 on Thursday Price dynamics: a sharp increase in volatility can be expected following the release of Thursday’s US GDP data Current trend: a […]
The USDJPY rate declines on Monday morning, 22 July 2024, after a two-day growth. The current USDJPY exchange rate is 156.55. USDJPY trading key points Japan’s inflation continues to rise The Bank of Japan is expected to raise interest rates next week USDJPY price targets: 158.28, 154.80, and 154.66 Fundamental analysis The Japanese yen is […]
JPMorgan Chase & Co.’s Q2 2024 report exceeded both expectations and competitors’ financial performance, driving the value of the bank’s shares to reach a new all-time high. Should we anticipate a further price increase? The largest US bank, JPMorgan Chase & Co. (NYSE: JPM), released its Q2 2024 report, surpassing expectations. The investment community closely […]
The US 500 stock index has declined for three consecutive trading sessions, breaking through all the support levels. It is now difficult to determine whether this is the beginning of a global downtrend or just a correction. US 500 trading key points Recent data: US initial jobless claims reached 243,000 Economic indicators: a weakening employment […]
Brent crude oil prices experienced a decline of approximately 3% last week. Brent trading key points Current trend: a downward correction is underway as part of a long-term uptrend Market focus: geopolitical tensions in the Middle East are rising Price dynamics: bulls will probably attempt to reverse the price up at the current price level […]
After declining, the US dollar attempts to recoup its losses against the Swiss franc and restore its lost position. USDCHF trading key points M3 monetary aggregate: previously at 1,135.6B, currently at 1,138.1B USDCHF price targets: 0.8761 and 0.9000 Fundamental analysis The news landscape is scarce on Monday, 22 July 2024, with the USDCHF pair recovering […]
The EURUSD pair is consolidating. Investors need to assess crucial changes in the US political race. EURUSD trading key points The US dollar must evaluate political changes The odds of Trump’s victory support the USD EURUSD price targets: 1.0860, 1.0820, and 1.0777 Fundamental analysis The EURUSD pair stopped at 1.0888 on Monday. The market is […]
The EURUSD rate is declining for the second consecutive day on Friday morning following the ECB’s decision. The current EURUSD exchange rate is 1.0887. EURUSD trading key points The ECB kept key interest rates unchanged The decision reflects the regulator’s caution due to uncertainty about inflation slowdown rates Despite the central bank’s decision, markets expect […]
The US 30 stock index hit a new all-time high as part of a strong uptrend. A correction is expected next week, following which the index may again reach another peak. US 30 trading key points Recent data: initial jobless claims reached 243,000 Economic indicators: the US employment market shows increasing weakness, with another rise […]
The USDJPY analysis for 19 July 2024 shows that weak economic indicators in Japan allowed the US dollar to strengthen against the yen. USDJPY trading key points Japan’s nationwide core consumer price index (y/y): previously at 2.5%, currently at 2.6% Japan’s nationwide consumer price index (m/m): previously at 0.5%, currently at 0.3% A speech by […]
Brent crude oil prices are dropping again. The market has experienced sales growth amid falling prices for risky assets and the US dollar strengthening. Brent trading key points Brent prices are falling due to pressure from the US dollar China’s plenum did not outline measures to support the economy Brent price targets: 85.00, 85.40, 86.90, […]