Latest Market News
The EURUSD rate rose after rebounding from the 1.0955 support level. More details and insights are available in our EURUSD analysis for today, 8 October 2024. EURUSD forecast: key trading points The robust US labour market report reduced expectations of a 50-basis-point Federal Reserve rate cut Traders estimate the likelihood of a 25-basis-point Federal Reserve […]
XAUUSD price is moderately correcting downwards after Friday’s positive US employment market data release, while a triangle pattern continues forming on the chart. Read our XAUUSD analysis for today, 7 October 2024, for more detailed insights. XAUUSD forecast: key trading points Market focus: US employment market statistics exceeded forecasts Current trend: a moderate correction is […]
The EURUSD pair continues to decline, with the market increasingly favouring the US dollar. Find out more in our analysis for 7 October 2024. EURUSD forecast: key trading points The EURUSD pair has fallen to a two-month low US dollar advocates no longer expect the Federal Reserve to cut interest rates rapidly EURUSD forecast for […]
Here is a detailed weekly technical analysis and forecast for EURUSD, USDJPY, GBPUSD, AUDUSD, USDCHF, NZDUSD, and USDCAD for 7 – 11 October 2024. EURUSD forecast The EURUSD pair is forming a broad consolidation range around the 1.1077 level, with the market currently extending the range down to 1.0940. After reaching this level, the price […]
The GBPUSD rate is approaching a crucial support level of 1.3035. Read more in our analysis for 7 October 2024. GBPUSD forecast: key trading points Bank of England Governor Andrew Bailey announced a potential rapid interest rate cut if inflation slows Strong US labour market data reduced expectations of a significant Federal Reserve interest rate […]
The USDJPY rate is approaching the 149.35 resistance level amid uncertainty regarding the BoJ policy. Discover more in our analysis for 7 October 2024. USDJPY forecast: key trading points The number of US jobs increased by 254,000 in September, marking the highest gain over the past six months The likelihood of a 50-basis-point Federal Reserve […]