Latest Market News
The NZDUSD pair has recovered quite well. The market is once again interested in risk. Find out more in our analysis dated 2 August 2024. NZDUSD trading key points The NZDUSD rate halts its decline The market awaits RBNZ interest rate cuts in August and October NZDUSD forecast for 2 August 2024: 0.5888 and 0.5802 […]
Here is a detailed August 2024 forecast for EURUSD, USDJPY, GBPUSD, AUDUSD, USDCHF, NZDUSD, and USDCAD. EURUSD The EURUSD pair has declined to 1.0825 and is forming a consolidation range around this level. A downward breakout from this range could extend the decline to 1.0720, the initial target. Conversely, an upward breakout might lead to […]
The AUDUSD pair is falling despite improved trade balance and increased commodity price index. Find out more in our analysis dated 1 August 2024. AUDUSD trading key points Australia’s balance of trade (June): previously at 5.052 billion, currently at 5.589 billion Australia’s commodity price index (y/y): previously at -4.1%, currently at -3.0% The US ISM […]
The DЕ 40 stock index remains in a sideways channel between current resistance and support levels. The DЕ 40 price forecast suggests a further decline. DE 40 trading key points Recent data: Germany’s GDP in Q2 2024 decreased by 0.1% year-over-year Economic indicators: Germany is the only developed country experiencing an economic downturn, which indicates […]
The XAUUSD price increased to 2,458 USD following the Federal Reserve’s interest rate decision and accompanying comments. Find out more in our XAUUSD analysis for today, 1 August 2024. XAUUSD trading key points Market focus: The Federal Reserve chair confirmed a potential rate cut in September; the market awaits Friday’s US employment data Current trend: […]
The USDJPY rate is correcting on Thursday following a significant decline amid the BoJ’s decision to raise the interest rate. Find out more in our analysis dated 1 August 2024. USDJPY trading key points The decision to hike the rate was made despite differing opinions and disappointing consumption data Weak indicators will not prevent the […]