Latest Market News
Brent prices declined moderately during the Asian session. Market participants are awaiting the release of the OPEC monthly report today. Find out more in our Brent analysis for today, 12 November 2024. Brent forecast: key trading points Current trend: trading within a broad sideways range Market focus: market participants are awaiting today’s statistics from the […]
A slight increase in the eurozone’s economic indicators could further weaken the euro against the US dollar. Discover more in our analysis for 12 November 2024. EURUSD forecast: key trading points Germany’s Consumer Price Index (CPI) (m/m): previously at 0.4%, projected at 0.4% The ZEW Economic Sentiment Index for the eurozone: previously at 20.1, projected […]
Stable bank lending and the Bank of Japan’s summary of opinions may support the yen’s strengthening against the US dollar. Discover more in our analysis for 11 November 2024. USDJPY forecast: key trading points Japan’s Bank Lending Rate (y/y): previously at 2.7%, currently at 2.7% The Bank of Japan summary of opinions Japan’s Economy Watchers […]
The GBPUSD pair started the week in calm conditions. The pound has absorbed the recent shock and recovered. Find out more in our analysis for 11 November 2024. GBPUSD forecast: key trading points The GBPUSD pair has stabilised The market expects the Bank of England to reduce interest rates gradually GBPUSD forecast for 11 November […]
Here is a detailed weekly technical analysis and forecast for EURUSD, USDJPY, GBPUSD, AUDUSD, USDCHF, NZDUSD, and USDCAD for 11 – 15 November 2024. EURUSD forecast The EURUSD pair has completed a downward wave, reaching 1.0680, the initial target. A consolidation range is expected to form at the low point of this wave. A breakout […]
XAUUSD prices remain within a correction following Donald Trump’s victory in the US election. The asset attempted to reverse upwards from the 2,643 USD support level but is now declining again. More details in our XAUUSD analysis for today, 11 November 2024. XAUUSD forecast: key trading points Market focus: market participants are awaiting US inflation […]