Market Analysis
Detailed market analysis for the global markets provided by various regulated forex brokers technical analysis teams
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A speech by ECB official Elizabeth McCaul, the IMF meeting, and rising inflation in the US could support the euro. Discover more in our analysis for 25 October 2024. EURUSD forecast: key trading points A speech by a member of the Supervisory Board (ECB representative), Elizabeth McCaul The International Monetary Fund meeting The expected University […]
The NZDUSD rate is declining within a descending channel, attempting to secure a position below the support level. Find out more in our analysis for 25 October 2024. NZDUSD forecast: key trading points RBNZ Governor Adrian Orr confirmed that the low inflation target is attainable, adding to arguments for an interest rate cut in November […]
The AUDUSD pair remains in a downward trend, pausing for corrections. Risk appetite is weak. Discover more in our analysis for 24 October 2024. AUDUSD forecast: key trading points The AUDUSD pair declines The RBA is expected to keep the interest rate unchanged this year AUDUSD forecast for 24 October 2024: 0.6696 Fundamental analysis The […]
The DE 40 stock index has entered a downtrend after reaching a new all-time high. The DE 40 forecast for next week is pessimistic. DE 40 forecast: key trading points Recent data: Germany’s preliminary manufacturing PMI for October was 42.6 points Economic indicators: the manufacturing PMI reflects changes in activity in the German manufacturing sector […]
The US and Japan’s PMI data, supported by US jobless claims, could influence the movements of USDJPY. Find out more in our analysis for 24 October 2024. USDJPY forecast: key trading points Japan’s manufacturing PMI: previously at 49.7, currently at 49.0 Japan’s services PMI: previously at 53.1, currently at 49.3 US initial jobless claims: previously […]
XAGUSD prices are undergoing a downward correction after failing to break above the 35.00 USD level. The trend remains upward, with growth likely to continue. Find out more in our XAGUSD analysis for today, 24 October 2024. XAGUSD forecast: key trading points Silver hit a new annual high of 34.86 USD Current trend: correcting as […]
The EURUSD rate is correcting after falling for three consecutive trading sessions. More details in our analysis for 24 October 2024. EURUSD forecast: key trading points US mortgage applications decreased by 6.7% in the third week of October US existing home sales sank by 1% to 3.84 million EURUSD forecast for 24 October 2024: 1.0815 […]
Despite the challenges PepsiCo Inc. (NYSE: PEP) has faced, its stock price has been rising steadily. On 8 October, the company released its Q3 2024 report, posting revenue lower than the corresponding period in 2023. Nonetheless, the stock price continued its upward trajectory. Based on the quarterly earnings report, this article provides a fundamental analysis […]
The EURUSD pair continues to decline as the market turns towards safe-haven assets. Find out more in our analysis for 23 October 2024. EURUSD forecast: key trading points The EURUSD pair continues to fall The US dollar is in demand, driven by expectations of Federal Reserve decisions and the upcoming US election EURUSD forecast for […]
The US Tech stock index is in an uptrend. However, the quotes have been hovering between the current resistance and support levels for over a week. The US Tech forecast for next week is moderately optimistic. US Tech forecast: key trading points Recent data: the Richmond Manufacturing Index came in at -14 points in October […]
The USDJPY rate has been rising for the third consecutive trading session. Find out more in our analysis for 23 October 2024. USDJPY forecast: key trading points The Japanese yen has declined to a three-month low due to the strengthening of the US dollar amid robust economic data The formation of a Japanese coalition government […]
The Bank of Canada will release its monetary policy report and interest rate decision today. More details in our analysis for 23 October 2024. USDCAD forecast: key trading points The release of the Bank of Canada monetary policy report The Bank of Canada interest rate decision: previously at 4.25%, projected at 3.75% The Bank of […]