Market Analysis
Detailed market analysis for the global markets provided by various regulated forex brokers technical analysis teams
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The USDJPY rate rose slightly on Wednesday but remains below the resistance level. Find out more in our analysis for 16 October 2024. USDJPY forecast: key trading points Seiji Adachi’s speech did not significantly impact the volatility of the USDJPY pair According to the BoJ official, interest rate hikes should be gradual to avoid the […]
The US Tech stock index is undergoing a correction after breaching the 20,330.0 level but is still in an uptrend. The US Tech forecast for next week is positive. US Tech forecast: key trading points Recent data: the preliminary Michigan Consumer Sentiment reached 68.9 points in October Economic indicators: the index measures consumer confidence in […]
The USDCAD rate is slightly declining as part of a correction, targeting 1.3862. Discover more in our analysis for 16 October 2024. USDCAD forecast: key trading points Canada’s consumer inflation (CPI) reached 1.6% y/y, below the expected 1.8% Consumer inflation fell by 0.4% m/m Canada’s core CPI rose by 1.6%, exceeding expectations of 1.5% USDCAD […]
XAUUSD price has completed a downward correction and is steadily moving upwards. Growth is expected to continue, with the price reaching a new historical maximum of 2,685 USD. Find out more in our XAUUSD analysis for today, 16 October 2024. XAUUSD forecast: key trading points Market focus: gold is approaching an all-time high of 2,685 […]
The EURUSD rate has been declining for the third consecutive trading session. More details are available in our analysis for 16 October 2024. EURUSD forecast: key trading points Atlanta Fed President Raphael Bostic stated that only one interest rate cut of 25 basis points is planned this year The Empire State Manufacturing Index dropped to […]
The USDJPY rate is slightly declining after rising for two trading sessions. Find out more in our analysis for 15 October 2024. USDJPY forecast: key trading points Bank of Japan Governor Kazuo Ueda signals reluctance to raise interest rates, increasing pressure on the yen The US Federal Reserve adopts a more moderate approach to interest […]
The JP 225 stock index is in an uptrend, but its growth potential is limited. The JP 225 forecast for next week is negative. JP 225 forecast: key trading points Recent data: foreign investors withdrew 9 billion USD from the Japanese stock market Economic indicators: demand from foreigners indicates how attractive the country’s stock assets […]
The EURUSD rate continues to edge down, falling below 1.0900. Discover more in our analysis for 15 October 2024. EURUSD forecast: key trading points Markets estimate the likelihood of a 25-basis-point Federal Reserve rate cut in November at 86.8% The ECB is expected to lower the interest rate by 25 basis points to 3.25% EURUSD […]
Brent prices plummeted to 74.00 USD amid the release of the OPEC report and easing tensions in the Middle East. Find out more in our Brent analysis for today, 15 October 2024. Brent forecast: key trading points OPEC cut its 2024 global oil demand forecast for the third time Current trend: correcting as part of […]
The USDCHF rate attempts to hold above the resistance level. More details are available in our analysis for 15 October 2024 USDCHF forecast: key trading points Member of the Board of Governors of the Federal Reserve Christopher Waller called for caution when lowering interest rates further Markets estimate the odds of a 25-basis-point Federal Reserve […]
XAUUSD price has completed a downward correction and decisively reversed upwards. The price is expected to continue ascending and potentially hit a new all-time high of 2,685 USD. Discover more in our XAUUSD analysis for today, 14 October 2024. XAUUSD forecast: key trading points Market focus: last week’s US inflation statistics came out roughly in […]
The USDJPY pair is approaching the upper boundary of a consolidation range. Today is a public holiday in Japan, and trading volumes are lower than usual. More details and insights are available in our analysis for 14 October 2024. USDJPY forecast: key trading points Japan’s Producer Price Index reached 2.8% year-on-year This indicates that year-on-year […]