Market Analysis
Detailed market analysis for the global markets provided by various regulated forex brokers technical analysis teams
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Gold price is steadily rising, with market participants focusing on today’s US employment market data – nonfarm payrolls and the unemployment rate. XAUUSD trading key points Current trend: gold is steadily rising after reaching a daily resistance level at 2,368 USD Market focus: today, market participants focus on US employment market data – nonfarm payrolls […]
The EURUSD rate has reached a three-week high following the release of the ECB meeting minutes. The current EURUSD rate is 1.0822. EURUSD trading key points Eurozone inflation remains above the 2% target US job growth is expected to slow down The likelihood of a Federal Reserve interest rate cut in September increased to 73% […]
On 19 March 2024, Chipotle Mexican Grill (NYSE: CMG) announced a 50-for-1 stock split scheduled for 25 June, one of the largest stock splits in NYSE history. Investors favoured this decision, with the stock price rising since 19 March, hitting new all-time highs. As scheduled, Chipotle successfully completed its split on 25 June, with the […]
Risk appetite is pushing up the EURUSD pair. US statistics came out mixed, providing no clear signals. EURUSD trading key points The ADP signal was neutral in June Today is a public holiday in the US, so activity will be lower EURUSD targets: 1.0730, 1.0680, 1.0555 EURUSD fundamental analysis The EURUSD pair has risen markedly […]
After consolidating, The US Tech index has breached the resistance level. It is heading towards a new all-time high, with the speech by Federal Reserve Chair Jerome Powell serving as a fundamental driver. US Tech trading key points Recent data: US core PCE inflation eased to 2.6% year-over-year in June Economic indicators: the US Federal […]
Investors expect the Swiss franc to continue losing ground, so the USDCHF pair continues its ascent. USDCHF trading key points Switzerland’s non-seasonally adjusted unemployment rate: currently at 2.4% compared to the previous reading of 2.4% Switzerland’s consumer price index (m/m, June): currently at 0.0% compared to the previous reading of 0.3% Switzerland’s consumer price index […]
The USDJPY rate is declining ahead of Friday’s US nonfarm payrolls report. USDJPY trading key points The Federal Reserve’s June meeting minutes confirm US economic slowdown The likelihood of a Federal Reserve interest rate cut in September increased to 68% from 56% Traders are awaiting the release of Friday’s US nonfarm payrolls report USDJPY targets: […]
The DE 40 index is in a downtrend after reaching an all-time high. By the end of this week, it will be clear how deeply the price can fall this time. DE 40 trading key points Recent data: Germany’s consumer inflation CPI in June eased to 2.2% year-over-year Economic indicators: decreasing price growth rates in […]
Rising oil prices failed to overcome the resistance at the 87.00 level on the fly; bears are attempting to seize the initiative and reverse the price. Brent trading key points Current trend: Brent is experiencing strong upward momentum on the H4 chart Market focus: a sharp increase in Brent price volatility can be expected tomorrow […]
The primary currency pair continues to weaken at the end of the week. The current exchange rate for EURUSD stands at 1.0805. May statistics showed that business activity in the US accelerated to the highest level in two years. The preliminary value of the Markit Services PMI increased to 54.8 points in May from 51.3 […]
The Australian dollar is plummeting against the US dollar on Friday. The current exchange rate for AUDUSD stands at 0.6592. The Aussie has come under pressure from the strengthening US dollar. The US currency gained strength after relatively strong reports on the US economy appeared on the market. These reports reduced the likelihood that the […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD has consolidated under the indicator’s signal lines. The pair is moving above the Ichimoku Cloud, suggesting an uptrend. A test of the upper boundary of the Cloud at 1.2685 is expected, followed by a rise to 1.2865. A rebound from the lower boundary of the bullish channel […]