Market Analysis
Detailed market analysis for the global markets provided by various regulated forex brokers technical analysis teams
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The US 500 stock index reached a new all-time high following the release of US consumer inflation data. Actual price growth rates allow the Federal Reserve to lower the key rate twice by the end of the year. US 500 trading key points Recent data: consumer CPI inflation in June fell to 3.00% year-over-year compared […]
The EURUSD rate declines on Tuesday, 16 July 2024, as investors evaluate comments from Federal Reserve Chair Jerome Powell. EURUSD trading key points Markets estimate the likelihood of a Federal Reserve key rate cut at 94.4% Today, investors are awaiting US June retail sales data EURUSD price targets: 1.0800 and 1.0950 Fundamental analysis The US […]
The USDJPY rate stabilised around 157.94 on Monday morning, 15 July 2024, after a two-day decline of more than 2%. USDJPY trading key points The Bank of Japan is said to spend up to 3.57 trillion yen on 11 July 2024 to support the national currency exchange rate Low liquidity may prompt the Japanese regulator […]
The USDCHF pair is rising for the second day. Activity in USDCHF is low as the market is keeping an eye on the situation. USDCHF trading key points The USDCHF pair is rising on sympathies with the US dollar Switzerland’s PPI decreased again in June USDCHF price targets: 0.8901 Fundamental analysis The USDCHF pair rose […]
Yen’s attempts to strengthen failed. The Japanese currency continues to lose ground against the US dollar. USDJPY trading key points Japan’s services PMI (m/m): previously at 2.2%, currently at -0.4% US core retail sales index (m/m): previously at -0.1%, forecasted at 0.1% US retail sales (m/m): previously at 0.1%, forecasted at -0.3% USDJPY price targets: […]
The JP 225 stock index reached a new all-time high and corrected by 3.50%. However, the potential for further growth persists within a global uptrend. JP 225 trading key points Recent data: Japan’s 40-year government bond yield reached 3.00% for the first time Economic indicators: amid the weakening yen, investors expect a key rate hike […]
Gold prices continue to rise. The market is turning bullish amid expectations of an imminent Federal Reserve interest rate cut. XAUUSD trading key points Gold prices are developing a rally The market is poised to see two interest rate cuts by the end of 2024 XAUUSD price targets: 2,444.44, 2,390.00 Fundamental analysis The environment seems […]
The US 30 stock index continues to rise within the uptrend, aiming to renew its historical high. Growth momentum was driven by US consumer inflation data, which fell short of expectations. US 30 trading key points Recent data: US consumer inflation reached 3.0% year-over-year in June Economic indicators: increasingly, more indicators meet the conditions stated […]
Oil prices have risen for the third consecutive day due to a decline in inventories and an upward revision in the IEA demand outlook. Brent trading key points US oil stocks decreased by 3.444 million barrels According to the IEA forecast, global oil demand is expected to rise in 2024 Brent price targets: 85.50 and […]
The GBPUSD pair is appreciating markedly; market sentiment is positive. The Bank of England is gathering additional arguments in favour of falling inflation. GBPUSD trading key points The GBPUSD pair reached new monthly highs The Bank of England needs additional data to evaluate the price environment GBPUSD price targets: 1.2777 and 1.2950 Fundamental analysis The […]
The EURUSD rate is undergoing correction on Friday, 12 July 2024, after surging on Thursday amid weak US inflation. EURUSD trading key points The US consumer price index (CPI) rose by 3% in June The likelihood of a Federal Reserve interest rate cut reached 90% EURUSD price targets: 1.0806 and 1.0940 Fundamental analysis The US […]
The USDJPY pair has declined, and investors continue to speculate whether this was driven by hidden financial intervention or unfavourable news from the US. USDJPY trading key points Thomson Reuters/Ipsos primary consumer sentiment index (PCSI) in Japan: previously at 37.69%, currently at 37.63% Japan’s industrial production (m/m): previously at -0.9%, currently at 3.6% CFTC JPY […]