Market Analysis
Detailed market analysis for the global markets provided by various regulated forex brokers technical analysis teams
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The NZDUSD rate has gained a foothold above the support level. Discover more in our analysis for 18 October 2024. NZDUSD forecast: key trading points Inflation in New Zealand eased to 2.2%, the lowest level over the past three years The CPI increased by 0.6%, returning to the Reserve Bank of New Zealand’s target range […]
The XAUUSD price continues its upward rally, reaching a new all-time high of 2,714 USD today. The next growth target could be the 2,750 USD level. Our XAUUSD analysis for today, 18 October 2024, provides more details and insights. XAUUSD forecast: key trading points Market focus: gold has surpassed its previous all-time high of 2,685 […]
The AUDUSD rate remains above the EMA-200 line, thanks to the stable Australian economy. Discover more in our analysis for 17 October 2024. AUDUSD forecast: key trading points Analysts expect the RBA not to lower interest rates until the first half of next year The Australian economy added 64,100 jobs in September, well above the […]
Following a minor correction, the DE 40 stock index is again attempting to reach a new all-time high and surpass the 19,560.0 resistance level. However, any subsequent decline could be even more substantial. The DE 40 forecast for next week is moderately positive. DE 40 forecast: key trading points Recent data: Germany’s Consumer Price Index […]
The USDJPY rate gradually strengthened on Thursday, approaching the psychologically important resistance level of 150.00. More details in our analysis for 17 October 2024. USDJPY forecast: key trading points Japan’s trade balance decreased by 293.3 billion yen in September Japan will release inflation data on Friday, notably the National Consumer Price Index (CPI) USDJPY forecast […]
The EURUSD rate has been declining for the fourth consecutive trading session. Find out more in our analysis for 17 October 2024. EURUSD forecast: key trading points Traders expect dovish comments from the ECB, which may increase pressure on the euro The average 30-year mortgage rate in the US rose to 6.52% Mortgage applications in […]
The XAGUSD price steadily rose after reversing from the support level near 30.00 USD. The trend is upward, and it is likely to continue. Our XAGUSD analysis for today, 17 October 2024, provides more details and insights. XAGUSD forecast: key trading points Current trend: an uptrend is underway The market will focus on US retail […]
The release of the quarterly earnings report negatively impacted Tilray Brands Inc. (NYSE: TLRY) shares, with the price breaching the support level that has held since July 2023. The company’s revenue growth fails to attract investors; market participants are focused on the legalisation of cannabis and are ready to invest in the company only if […]
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 […]