Market Analysis
Detailed market analysis for the global markets provided by various regulated forex brokers technical analysis teams
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Yen’s attempts to strengthen failed. The Japanese currency continues to lose ground against the US dollar. USDJPY trading key points Japan’s services PMI (m/m): previously at 2.2%, currently at -0.4% US core retail sales index (m/m): previously at -0.1%, forecasted at 0.1% US retail sales (m/m): previously at 0.1%, forecasted at -0.3% USDJPY price targets: […]
The JP 225 stock index reached a new all-time high and corrected by 3.50%. However, the potential for further growth persists within a global uptrend. JP 225 trading key points Recent data: Japan’s 40-year government bond yield reached 3.00% for the first time Economic indicators: amid the weakening yen, investors expect a key rate hike […]
Gold prices continue to rise. The market is turning bullish amid expectations of an imminent Federal Reserve interest rate cut. XAUUSD trading key points Gold prices are developing a rally The market is poised to see two interest rate cuts by the end of 2024 XAUUSD price targets: 2,444.44, 2,390.00 Fundamental analysis The environment seems […]
The US 30 stock index continues to rise within the uptrend, aiming to renew its historical high. Growth momentum was driven by US consumer inflation data, which fell short of expectations. US 30 trading key points Recent data: US consumer inflation reached 3.0% year-over-year in June Economic indicators: increasingly, more indicators meet the conditions stated […]
Oil prices have risen for the third consecutive day due to a decline in inventories and an upward revision in the IEA demand outlook. Brent trading key points US oil stocks decreased by 3.444 million barrels According to the IEA forecast, global oil demand is expected to rise in 2024 Brent price targets: 85.50 and […]
The GBPUSD pair is appreciating markedly; market sentiment is positive. The Bank of England is gathering additional arguments in favour of falling inflation. GBPUSD trading key points The GBPUSD pair reached new monthly highs The Bank of England needs additional data to evaluate the price environment GBPUSD price targets: 1.2777 and 1.2950 Fundamental analysis The […]
The EURUSD rate is undergoing correction on Friday, 12 July 2024, after surging on Thursday amid weak US inflation. EURUSD trading key points The US consumer price index (CPI) rose by 3% in June The likelihood of a Federal Reserve interest rate cut reached 90% EURUSD price targets: 1.0806 and 1.0940 Fundamental analysis The US […]
The USDJPY pair has declined, and investors continue to speculate whether this was driven by hidden financial intervention or unfavourable news from the US. USDJPY trading key points Thomson Reuters/Ipsos primary consumer sentiment index (PCSI) in Japan: previously at 37.69%, currently at 37.63% Japan’s industrial production (m/m): previously at -0.9%, currently at 3.6% CFTC JPY […]
The EURUSD pair is gradually rising. The market will be cautious ahead of the US CPI data release. EURUSD trading key points Investors are cautious in anticipation of US inflation data Core CPI is expected to remain unchanged EURUSD price targets: 1.0777 and 1.0888 Fundamental analysis The EURUSD pair regained strength and rose to 1.0836 […]
The USDJPY rate closely approached weekly highs on Thursday, 11 July 2024. The current USDJPY exchange rate is 161.68. USDJPY trading key points Uncertainty about the BoJ’s actions: traders awaiting a rate hike Japan’s machinery orders: unexpected decrease of 3.2% in May USDJPY price targets: 162.00 and 162.52 Fundamental analysis Intrigue regarding the pace of […]
The DE 40 stock index has been moving sideways for an extended period. The future trend will depend on the ECB’s decision regarding monetary policy and the key interest rate. DE 40 trading key points Recent data: German exports fell by 3.6% in May 2024, and imports decreased by 6.6% compared to April 2024 (adjusted […]
The NZDUSD pair continues to correct ahead of US news. Positive data will trigger a decline in the NZDUSD rate. NZDUSD trading key points New Zealand’s Food Price Index (FPI) (m/m): currently at 1.0% compared to the previous reading of -0.2% US consumer price index (CPI) in June (m/m): previously stood at zero, forecasted at […]