Latest Market News
The US 500 stock index is in a downtrend, pressured by weak US employment market indicators. US 500 analysis suggests that this decline will continue this week. US 500 trading key points Recent data: the US unemployment rate increased to 4.3% in July 2024, surpassing the forecasted 4.1% Economic indicators: a strong employment market had […]
XAUUSD price rose to an annual and all-time high of 2,483 USD following Friday’s release of US employment data. Find out more in the XAUUSD analysis for today, 5 August 2024. XAUUSD trading key points Market focus: gold rose on weak US employment market statistics Current trend: gold is trading in an uptrend and could […]
Brent price is consolidating within a limited range near 80.00 as market participants await US nonfarm payrolls and unemployment rate data. Find out more in the Brent analysis for today, 2 August 2024. Brent trading key points US data: the market awaits employment market statistics today Brent forecast for 2 August 2024: 82.80 and 78.00 […]
The US 30 stock index failed to hit a new all-time high, pulling back from the current resistance level. The US 30 index forecast shows that it may form a sideways channel in the mid-term. US 30 trading key points Recent data: the Federal Reserve maintained interest rates within the 5.25-5.50% range Economic indicators: the […]
The EURUSD rate is slightly correcting on Friday as traders await the US employment report. Find out more in our analysis dated 2 August 2024. EURUSD trading key points US manufacturing activity contracted more than expected, reaching 46.6 Initial jobless claims increased to 249K Expectations of a Federal Reserve interest rate cut in September increased […]
The USDJPY pair continues to decline following a BoJ interest rate hike and a reduction in the yen’s speculative positions. Find out more in our analysis dated 2 August 2024. USDJPY trading key points Japan’s monetary base (y/y): previously at 0.6%, currently at 1.2% CFTC JPY speculative net positions: previously at -107.1K US nonfarm payrolls: […]