Market Analysis
Detailed market analysis for the global markets provided by various regulated forex brokers technical analysis teams
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Gold prices are rising, with investors awaiting inflation data to understand the timing of the first Federal Reserve interest rate cut. XAUUSD trading key points Current trend: gold prices are increasing for the third consecutive day Market focus: the market awaits signals following yesterday’s release of the US CPI data XAUUSD price targets: 2417.00 and […]
The USDJPY pair is close to 38-year highs. The market doubts the Bank of Japan taking decisive action at its July meeting. USDJPY trading key points The US Federal Reserve is gathering data to lower interest rates The Bank of Japan is expected to decide on reducing bond purchases USDJPY price targets: 161.83, 162.00 Fundamental […]
The price continues a corrective wave ahead of the crude oil reserves data release. Negative data may trigger a new growth wave. Brent trading key points US crude oil reserves: forecasted at 0.700M, with a previous reading of -12.157M Excessive oil inventories in Cushing (Oklahoma, the US): the previous reading was 0.345M A speech by […]
The US Tech stock index is reaching new all-time highs for the fourth consecutive session, driven by US employment market data. US Tech trading key points Recent data: the US unemployment rate rose to 4.1% in June Economic indicators: according to the US Department of Labor statistics, the leading market indicators show weakness in the […]
The EURUSD pair continues strengthening ahead of officials’ speeches and amid the rising US national debt. EURUSD trading key points A speech by the President of the Deutsche Bundesbank Joachim Nagel A speech by Deutsche Bundesbank official Sabine Mauderer A speech by US Federal Reserve Chair Jerome Powell A speech by US Federal Open Market […]
The USDCHF rate declined on Wednesday, 10 July 2024. The pair reacted weakly to the Federal Reserve chair’s speech, and the current USDCHF exchange rate is 0.8971. USDCHF trading key points SNB is poised for two rate cuts this year The Swiss regulator is clearly discontent with the rising national currency’s rate USDCHF price target: […]
Investors in the USDCAD pair are assessing the latest statistics and forecasts. The Bank of Canada’s actions will determine further movements. USDCAD trading key points The market is considering Canada’s employment market statistics The Bank of Canada may lower interest rates at every meeting until the end of 2024 USDCAD price targets: 1.3696, 1.3600, 1.3530, […]
Following a 10.78% correction and a prolonged sideways channel, the JP 225 stock index resumed growth, reaching its highest level since 1989. The primary driver is increased demand from Japan’s domestic investors, who have reduced their investments in US government bonds to protect themselves against the yen’s depreciation. JP 225 trading key points Recent data: […]
Gold prices are rising on Tuesday, 9 July 2024, partially recouping Monday’s losses. The 2,350 level serves as strong support. XAUUSD trading key points Price growth is driven by expectations of a Federal Reserve interest rate cut Technical analysis: buyers have breached the upper boundary of a triangle pattern XAUUSD price targets: 2,393, 2,450 Fundamental […]
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Japan’s news landscape positively contributes to a correction in the USDJPY rate. The yen is temporarily headed for strengthening in anticipation of an interest rate decision. USDJPY trading key points Japan’s M2 monetary aggregate (y/y): currently at 1.5% compared to the previous reading of 1.9% The 5-year Japanese government bond (JGB) auction: currently at 0.612% […]
The EURUSD rate corrected slightly on 9 July 2024 but remains at a three-week high as pressure on the US dollar persists. EURUSD trading key points Market focus: Federal Reserve chair’s speech on monetary policy US consumer inflation expectations dropped from 3.2% to 3.0% in June EURUSD price targets: 1.0840, 1.0900, and 1.0944 Fundamental analysis […]