Market Analysis
Detailed market analysis for the global markets provided by various regulated forex brokers technical analysis teams
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The GBPUSD rate is aggressively declining today after rising on Friday on weak US data. Find out more in our analysis dated 5 August 2024. GBPUSD trading key points The US economy added only 114,000 jobs, significantly below the projected 175,000 Analysts believe the strengthening of the GBPUSD pair may be temporary GBPUSD forecast for […]
The US 500 stock index is in a downtrend, pressured by weak US employment market indicators. US 500 analysis suggests that this decline will continue this week. US 500 trading key points Recent data: the US unemployment rate increased to 4.3% in July 2024, surpassing the forecasted 4.1% Economic indicators: a strong employment market had […]
XAUUSD price rose to an annual and all-time high of 2,483 USD following Friday’s release of US employment data. Find out more in the XAUUSD analysis for today, 5 August 2024. XAUUSD trading key points Market focus: gold rose on weak US employment market statistics Current trend: gold is trading in an uptrend and could […]
Brent price is consolidating within a limited range near 80.00 as market participants await US nonfarm payrolls and unemployment rate data. Find out more in the Brent analysis for today, 2 August 2024. Brent trading key points US data: the market awaits employment market statistics today Brent forecast for 2 August 2024: 82.80 and 78.00 […]
The US 30 stock index failed to hit a new all-time high, pulling back from the current resistance level. The US 30 index forecast shows that it may form a sideways channel in the mid-term. US 30 trading key points Recent data: the Federal Reserve maintained interest rates within the 5.25-5.50% range Economic indicators: the […]
The EURUSD rate is slightly correcting on Friday as traders await the US employment report. Find out more in our analysis dated 2 August 2024. EURUSD trading key points US manufacturing activity contracted more than expected, reaching 46.6 Initial jobless claims increased to 249K Expectations of a Federal Reserve interest rate cut in September increased […]
The USDJPY pair continues to decline following a BoJ interest rate hike and a reduction in the yen’s speculative positions. Find out more in our analysis dated 2 August 2024. USDJPY trading key points Japan’s monetary base (y/y): previously at 0.6%, currently at 1.2% CFTC JPY speculative net positions: previously at -107.1K US nonfarm payrolls: […]
The NZDUSD pair has recovered quite well. The market is once again interested in risk. Find out more in our analysis dated 2 August 2024. NZDUSD trading key points The NZDUSD rate halts its decline The market awaits RBNZ interest rate cuts in August and October NZDUSD forecast for 2 August 2024: 0.5888 and 0.5802 […]
Here is a detailed August 2024 forecast for EURUSD, USDJPY, GBPUSD, AUDUSD, USDCHF, NZDUSD, and USDCAD. EURUSD The EURUSD pair has declined to 1.0825 and is forming a consolidation range around this level. A downward breakout from this range could extend the decline to 1.0720, the initial target. Conversely, an upward breakout might lead to […]
The AUDUSD pair is falling despite improved trade balance and increased commodity price index. Find out more in our analysis dated 1 August 2024. AUDUSD trading key points Australia’s balance of trade (June): previously at 5.052 billion, currently at 5.589 billion Australia’s commodity price index (y/y): previously at -4.1%, currently at -3.0% The US ISM […]
The DЕ 40 stock index remains in a sideways channel between current resistance and support levels. The DЕ 40 price forecast suggests a further decline. DE 40 trading key points Recent data: Germany’s GDP in Q2 2024 decreased by 0.1% year-over-year Economic indicators: Germany is the only developed country experiencing an economic downturn, which indicates […]
The XAUUSD price increased to 2,458 USD following the Federal Reserve’s interest rate decision and accompanying comments. Find out more in our XAUUSD analysis for today, 1 August 2024. XAUUSD trading key points Market focus: The Federal Reserve chair confirmed a potential rate cut in September; the market awaits Friday’s US employment data Current trend: […]