Market Analysis
Detailed market analysis for the global markets provided by various regulated forex brokers technical analysis teams
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The GBPUSD pair has risen for four consecutive trading days, improving market sentiment. Find out more in our analysis dated 12 August 2024. GBPUSD trading key points The GBPUSD pair is regaining ground The pace of monetary policy easing by the Bank of England will remain moderate GBPUSD forecast for 12 August 2024: 1.2870, 1.2640, […]
The EURUSD pair is moving towards equilibrium. Bets on the Federal Reserve’s quick responses have diminished. Find out more in our analysis dated 9 August 2024. EURUSD trading key points The EURUSD pair is stabilising The Federal Reserve’s target is price stability, not responses to stock market sentiment EURUSD forecast for 9 August 2024: 1.0944, […]
The USDJPY rate is correcting on Friday following three days of growth. Find out more in our analysis dated 9 August 2024. USDJPY trading key points US initial jobless claims fell to the lowest level in a year US positive employment market statistics weakened expectations of Federal Reserve monetary policy easing The likelihood of a […]
Despite a reduction in NZD speculative net positions, the NZDUSD pair continues to strengthen. The New Zealand dollar is gaining against the US dollar. Find out more in our analysis for today, 9 August 2024. NZDUSD trading key points CFTC Gold speculative net positions: previously at 246.6 thousand CFTC NZD speculative net positions: previously at […]
During a significant stock market decline, the US 30 stock index broke below the ascending channel’s support line and the main support level. The US 30 forecast for next week suggests a further decline. US 30 trading key points Recent data: initial jobless claims reached 233 thousand Economic indicators: the employment market is the main […]
XAUUSD price reversed upwards and closed yesterday’s session with a moderate gain, establishing a foothold above 2,400. The upward movement may continue. Find out more in our XAUUSD analysis for today, 9 August 2024. XAUUSD trading key points Market focus: gold prices are rising amid geopolitical tensions in the Middle East Current trend: gold is […]
A decrease in France’s balance of trade and US initial jobless claims may fuel a continuation of the EURUSD correction. Find out more in our analysis dated 8 August 2024. EURUSD trading key points France’s exports: previously at 50.4 billion EUR France’s imports: previously at 58.2 billion EUR France’s balance of trade: previously at -8.0 […]
The AUDUSD rate is rising on Thursday morning; buyers are testing the resistance area. Find out more in our analysis dated 8 August 2024. AUDUSD trading key points The Reserve Bank of Australia left the interest rate unchanged at 4.35% for the sixth consecutive time The Australian dollar reached a two-week high against the US […]
The DE 40 stock index fell by 9.88% from its all-time high, exiting a sideways channel on Monday. The DE 40 index forecast suggests a further decline. DE 40 trading key points Recent data: Germany’s factory orders unexpectedly rose by 3.9% in June, exceeding analysts’ forecast of 0.5% Economic indicators: the German economy largely depends […]
Brent price closed yesterday’s session with sustained growth, driven by statistics on decreased US oil inventories. Find out more in our Brent analysis for today, 8 August 2024. Brent trading key points US data: according to EIA data, US oil inventories decreased by 3.7 million barrels last week Brent forecast for 8 August 2024: 79.30 […]
The USDJPY pair is under pressure again. The market is deciding on a further action scenario. Find out more in our analysis dated 8 August 2024. USDJPY trading key points The USDJPY pair is declining again Bank of Japan members call for an interest rate hike USDJPY forecast for 8 August 2024: 145.00 and 148.11 […]
The EURUSD rate has declined for the second consecutive session, failing to sustain the levels observed at the beginning of 2024. Find out more in our analysis dated 7 August 2024. EURUSD trading key points The EURUSD pair has stabilised after reaching a seven-month high Germany’s trade balance surplus decreased to 20.4 billion EUR The […]