Market Analysis
Detailed market analysis for the global markets provided by various regulated forex brokers technical analysis teams
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The US 500 stock index entered a downtrend amid mixed US labour market data and the upcoming election. The US 500 forecast for next week is moderately negative. US 500 forecast: key trading points Recent data: nonfarm payroll growth was just 12,000 in October Economic indicators: this metric reflects job growth in the US nonfarm […]
Rising eurozone figures and speeches by ECB officials are bolstering the euro. Find out more in our analysis for 4 November 2024. EURUSD forecast: key trading points The eurozone’s manufacturing PMI: previously at 45.0, projected at 45.9 A speech by a member of the Supervisory Board (ECB representative), Elizabeth McCaul A speech by European Central […]
XAUUSD prices continue to correct, falling to the area around 2,730 USD. Once the correction is complete, the pair is expected to maintain its upward trajectory. Discover more in our XAUUSD analysis for today, 4 November 2024. XAUUSD forecast: key trading points Market focus: US labour market statistics were below forecasts Current trend: a local […]
The EURUSD rate is falling after rebounding from the 1.0885 resistance level. Find out more in our analysis for 1 November 2024. EURUSD forecast: key trading points US initial jobless claims fell to their lowest level since May, coming in at 216,000 Traders forecast gains of 113,000 jobs in the employment report US personal income […]
The US 30 stock index is in a downtrend, surpassing the 42,065.0 support level. The US 30 forecast for next week is moderately negative. US 30 forecast: key trading points Recent data: the PCE index was 2.7% year-on-year Economic indicators: the PCE index measures inflation, excluding volatile food and energy prices Market impact: the PCE […]
The NZDUSD pair maintains its strength on Friday. Yesterday’s US statistics may prompt adjustments. More details in our analysis for 1 November 2024. NZDUSD forecast: key trading points The NZDUSD pair halted its decline The market awaits US employment data and considers the risks of the upcoming presidential election NZDUSD forecast for 1 November 2024: […]
The decrease in US nonfarm payrolls and the forecast for the unemployment rate are weighing on the US dollar. Find out more in our analysis for 1 November 2024. USDJPY forecast: key trading points Japan’s manufacturing PMI: previously at 49.7, currently at 49.2 US nonfarm payrolls: previously at 254,000, projected at 106,000 US unemployment rate: […]
XAUUSD prices are correcting after reaching a new all-time high of 2,790 USD. Market participants focus on today’s US labour market statistics. Discover more in our XAUUSD analysis for today, 1 November 2024. XAUUSD forecast: key trading points Market focus: market participants await today’s US labour market statistics, including nonfarm payrolls and the unemployment rate […]
The EURUSD pair has strengthened markedly. The market appears stable. Find out more in our analysis for 31 October 2024. EURUSD forecast: key trading points The EURUSD pair rose and paused Investors price in expectations regarding the ECB and US statistics EURUSD forecast for 31 October 2024: 1.0880 and 1.0818 Fundamental analysis The EURUSD rate […]
The DE 40 stock index has entered a downtrend, which may last for the medium term. The DE 40 forecast for next week is negative. DE 40 forecast: key trading points Recent data: Germany’s preliminary CPI was 2.0% y/y in October Economic indicators: inflation in the EU’s leading economy affects the ECB’s monetary policy Market […]
The USDJPY rate has declined, securing below the 152.65 support level. Discover more in our analysis for 31 October 2024 USDJPY forecast: key trading points The Bank of Japan left the interest rate at 0.25%, the highest level since 2008 The US economy grew at a 2.8% annual rate in Q3, slightly below the forecasted […]
XAGUSD is trading within a downward correction after failing to break above the 35.00 USD level. The trend remains upward, with growth likely to resume soon. Find out more in our XAGUSD analysis for today, 31 October 2024. XAGUSD forecast: key trading points Market focus: market participants are awaiting Friday’s US labour market statistics, including […]
