After trading in a sideways channel, the JP 225 stock index broke through its upper boundary and then changed the trend back to a downtrend. The forecast for the JP 225 index for the next week is negative. JP 225 forecast: key trading points Recent data: Manufacturing PMI was 49.7 in September Economic indicators: Manufacturing […]
Brent price failed to overcome the resistance level at 75.00 USD last week and turned downwards. The daily trend is downward, and the decline may continue – read about it in our Brent analysis for today, October 1, 2024. Brent forecast: key trading points US data: today, the market is waiting for the API oil […]
Falling Eurozone indices become a trigger for the euro weakening – read more in our analysis for 1 October 2024. EURUSD forecast: key trading points Eurozone Consumer Price Index (y/y) for September: previous value – 2.2%, forecasted – 1.8% ISM US Manufacturing PMI: previous value – 47.9, forecasted – 47.0 US Job Openings in the […]
The USDCHF exchange rate is strengthening and preparing to test the resistance level at 0.8525. Read more in our USDCHF analysis and forecast for October 1, 2024. USDCHF forecast: key trading points Fed chairman Jerome Powell’s statements about less drastic rate cuts support USDCHF The probability of a 50 basis points rate cut in November […]
The EURUSD rate is strengthening but remains at a strong resistance level of 1.1200. Read more in our analysis for 30 September 2024. EURUSD forecast: key trading points The Personal Consumption Expenditure (PCE) index rose by 0.1% in August, while the annual growth was 2.2% The Core PCE index increased by 0.1% month-on-month and 2.7% […]
GBPUSD continues to grow, with the pound needing to break out of the sideways channel. Read more in our GBPUSD analysis and forecast for today, 30 September 2024. GBPUSD forecast: key trading points GBPUSD is poised for further growth GBPUSD outlook remains subdued due to uncertainty surrounding the Bank of England’s next monetary moves GBPUSD […]