Market Analysis
Detailed market analysis for the global markets provided by various regulated forex brokers technical analysis teams
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Brent prices surged to 81.00 USD amid increasing tensions in the Middle East. Growth may continue after a minor correction. Find out more in our Brent analysis for today, 8 October 2024. Brent forecast: key trading points US data: the market awaits the API crude oil stock report today Current trend: correcting as part of […]
The JP 225 stock index is again trading within a sideways channel between the current resistance and support levels without a clear trend. The JP 225 forecast for next week is pessimistic. JP 225 forecast: key trading points Recent data: the Composite PMI reached 52 in September Economic indicators: the index reflects the level of […]
The USDJPY pair is starting to undergo a correction as the US dollar appears overvalued. Find out more in our analysis for 8 October 2024. USDJPY forecast: key trading points The USDJPY pair is poised for a correction The yen is recovering after plunging to a seven-week low USDJPY forecast for 8 October 2024: 146.60, […]
The USDCHF pair declined after last week’s rise. The market is moving out of its overbought status. Find out more in our analysis for 8 October 2024. USDCHF forecast: key trading points The USDCHF pair is declining The market is moving out of its overbought status after last week’s rally USDCHF forecast for 8 October […]
The EURUSD rate rose after rebounding from the 1.0955 support level. More details and insights are available in our EURUSD analysis for today, 8 October 2024. EURUSD forecast: key trading points The robust US labour market report reduced expectations of a 50-basis-point Federal Reserve rate cut Traders estimate the likelihood of a 25-basis-point Federal Reserve […]
XAUUSD price is moderately correcting downwards after Friday’s positive US employment market data release, while a triangle pattern continues forming on the chart. Read our XAUUSD analysis for today, 7 October 2024, for more detailed insights. XAUUSD forecast: key trading points Market focus: US employment market statistics exceeded forecasts Current trend: a moderate correction is […]
The EURUSD pair continues to decline, with the market increasingly favouring the US dollar. Find out more in our analysis for 7 October 2024. EURUSD forecast: key trading points The EURUSD pair has fallen to a two-month low US dollar advocates no longer expect the Federal Reserve to cut interest rates rapidly EURUSD forecast for […]
Here is a detailed weekly technical analysis and forecast for EURUSD, USDJPY, GBPUSD, AUDUSD, USDCHF, NZDUSD, and USDCAD for 7 – 11 October 2024. EURUSD forecast The EURUSD pair is forming a broad consolidation range around the 1.1077 level, with the market currently extending the range down to 1.0940. After reaching this level, the price […]
The GBPUSD rate is approaching a crucial support level of 1.3035. Read more in our analysis for 7 October 2024. GBPUSD forecast: key trading points Bank of England Governor Andrew Bailey announced a potential rapid interest rate cut if inflation slows Strong US labour market data reduced expectations of a significant Federal Reserve interest rate […]
The USDJPY rate is approaching the 149.35 resistance level amid uncertainty regarding the BoJ policy. Discover more in our analysis for 7 October 2024. USDJPY forecast: key trading points The number of US jobs increased by 254,000 in September, marking the highest gain over the past six months The likelihood of a 50-basis-point Federal Reserve […]
The US 500 stock index closed with gains last Friday following the release of strong US labour market data. The US 500 forecast for next week is moderately positive. US 500 forecast: key trading points Recent data: US unemployment reached 4.1% in September Economic indicators: the unemployment rate is one of the leading indicators for […]
USDJPY growth halted on Friday as the market paused and awaits further developments. More details and insights are available in our USDJPY analysis and forecast for today, 4 October 2024. USDJPY forecast: key trading points The USDJPY pair is consolidating The market paused following a 3% decline in the yen over the past week USDJPY […]