Latest Market News

Oct 24
EURUSD: the strong US economy and Fed caution exert downward pressure on the euro

The EURUSD rate is correcting after falling for three consecutive trading sessions. More details in our analysis for 24 October 2024. EURUSD forecast: key trading points US mortgage applications decreased by 6.7% in the third week of October US existing home sales sank by 1% to 3.84 million EURUSD forecast for 24 October 2024: 1.0815 […]

Oct 23
PepsiCo’s revenue falls, but its stock price continues to rise. What is the secret behind the popularity of PepsiCo shares?

Despite the challenges PepsiCo Inc. (NYSE: PEP) has faced, its stock price has been rising steadily. On 8 October, the company released its Q3 2024 report, posting revenue lower than the corresponding period in 2023. Nonetheless, the stock price continued its upward trajectory. Based on the quarterly earnings report, this article provides a fundamental analysis […]

Oct 23
EURUSD reached a new local low as demand for the US dollar strengthens

The EURUSD pair continues to decline as the market turns towards safe-haven assets. Find out more in our analysis for 23 October 2024. EURUSD forecast: key trading points The EURUSD pair continues to fall The US dollar is in demand, driven by expectations of Federal Reserve decisions and the upcoming US election EURUSD forecast for […]

Oct 23
US Tech analysis: the uptrend weakens, with a correction being highly likely

The US Tech stock index is in an uptrend. However, the quotes have been hovering between the current resistance and support levels for over a week. The US Tech forecast for next week is moderately optimistic. US Tech forecast: key trading points Recent data: the Richmond Manufacturing Index came in at -14 points in October […]

Oct 23
USDJPY strengthens amid political instability in Japan

The USDJPY rate has been rising for the third consecutive trading session. Find out more in our analysis for 23 October 2024. USDJPY forecast: key trading points The Japanese yen has declined to a three-month low due to the strengthening of the US dollar amid robust economic data The formation of a Japanese coalition government […]

Oct 23
USDCAD: all eyes are on the Bank of Canada’s interest rate decision

The Bank of Canada will release its monetary policy report and interest rate decision today. More details in our analysis for 23 October 2024. USDCAD forecast: key trading points The release of the Bank of Canada monetary policy report The Bank of Canada interest rate decision: previously at 4.25%, projected at 3.75% The Bank of […]