Market Analysis
Detailed market analysis for the global markets provided by various regulated forex brokers technical analysis teams
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Although the XAUUSD price has dipped below 2,400 USD from its all-time high area, the uptrend persists, and growth may resume. Find out more in our XAUUSD analysis for today, 7 August 2024. XAUUSD trading key points Market focus: markets are under pressure from weak US employment data Current trend: gold is undergoing a downward […]
The reduction in Japan’s foreign reserves may be due to the BoJ’s attempts to strengthen the yen. Find out more in our analysis dated 7 August 2024. USDJPY trading key points Japan’s foreign reserves (USD): previously at 1231.5 billion, currently at 1219.1 billion Japan’s leading economic index: previously at 111.2, currently at 108.6 Japan’s coincident […]
The US Tech stock index established a support level at 17,240.0 at the close of Tuesday’s trading session. However, according to the US Tech index forecast, the decline is not over yet. US Tech trading key points Recent data: the US unemployment rate rose to 4.3% in July, marking the highest reading since October 2021 […]
Alphabet Inc.’s (NASDAQ: GOOG) shares peaked at an all-time high of 193 USD on 10 July. Subsequently, the price began to decline. On 23 July, the company published its Q2 2024 earnings report. Despite the financial results exceeding experts’ forecasts, the stock price continued to fall, dropping by 14% by 26 July. The question arises: […]
The USDCAD pair is easing off, with the market adjusting positions. Find out more in our analysis dated 7 August 2024. USDCAD trading key points The USDCAD pair is declining as part of a correction Fundamental factors signal CAD weakness USDCAD forecast for 7 August 2024: 1.3747 and 1.3855 Fundamental analysis The USDCAD rate has […]
The EURUSD pair is poised for a correction. The strain level has subsided. Find out more in our analysis dated 6 August 2024. EURUSD trading key points The EURUSD pair has reached a new peak and declined Easing speculation about interest rates will support the US dollar EURUSD forecast for 6 August 2024: 1.0903, 1.0820, […]
The unchanged unemployment rate and declining sales have led to a correction in the USDCHF pair. The USD may lose ground further in the near term. Find out more in our analysis dated 6 August 2024. USDCHF trading key points Switzerland’s non-seasonally adjusted unemployment rate (July): previously at 2.3%, currently at 2.3% Switzerland’s seasonally adjusted […]
The USDJPY rate is rising amid increased business activity in the US. Find out more in our analysis dated 6 August 2024. USDJPY trading key points The US services PMI increased to 51.4 points, exceeding previous readings and analysts’ forecasts Federal Reserve Bank of San Francisco President emphasised the importance of preventing a decline in […]
The JP 225 stock index plunged by over 12%, marking its most significant daily decline since 1987. As the JP 225 index forecast suggests, this decline may continue until the end of the week. JP 225 trading key points Recent data: the services PMI reached 53.7 points, slightly missing the forecast of 53.9 Economic indicators: […]
Brent price is consolidating near the 76.80 level after falling to 75.00 USD on Monday. Market participants are awaiting the US API oil stock data. Find out more in the Brent analysis for today, 6 August 2024. Brent trading key points US data: the market awaits US API oil stock statistics today Brent forecast for […]
The USDJPY pair is rapidly falling, with investors having three reasons for this. Find out more in our analysis dated 5 August 2024. USDJPY trading key points The USDJPY pair has fallen to a low not seen since 3 January The market is concerned about a US recession USDJPY forecast for 5 August 2024: 138.10, […]
Although the EURUSD technical analysis for today suggests a decline in the pair following a correction, the outlook will depend on fundamental data from the eurozone and the US. Find out more in our analysis dated 5 August 2024. EURUSD trading key points Eurozone services PMI: previously at 52.8%, forecasted at 51.9% US services PMI […]