Latest Market News
The USDCHF pair is rising for the second day. Activity in USDCHF is low as the market is keeping an eye on the situation. USDCHF trading key points The USDCHF pair is rising on sympathies with the US dollar Switzerland’s PPI decreased again in June USDCHF price targets: 0.8901 Fundamental analysis The USDCHF pair rose […]
Yen’s attempts to strengthen failed. The Japanese currency continues to lose ground against the US dollar. USDJPY trading key points Japan’s services PMI (m/m): previously at 2.2%, currently at -0.4% US core retail sales index (m/m): previously at -0.1%, forecasted at 0.1% US retail sales (m/m): previously at 0.1%, forecasted at -0.3% USDJPY price targets: […]
The JP 225 stock index reached a new all-time high and corrected by 3.50%. However, the potential for further growth persists within a global uptrend. JP 225 trading key points Recent data: Japan’s 40-year government bond yield reached 3.00% for the first time Economic indicators: amid the weakening yen, investors expect a key rate hike […]
Gold prices continue to rise. The market is turning bullish amid expectations of an imminent Federal Reserve interest rate cut. XAUUSD trading key points Gold prices are developing a rally The market is poised to see two interest rate cuts by the end of 2024 XAUUSD price targets: 2,444.44, 2,390.00 Fundamental analysis The environment seems […]
The US 30 stock index continues to rise within the uptrend, aiming to renew its historical high. Growth momentum was driven by US consumer inflation data, which fell short of expectations. US 30 trading key points Recent data: US consumer inflation reached 3.0% year-over-year in June Economic indicators: increasingly, more indicators meet the conditions stated […]
Oil prices have risen for the third consecutive day due to a decline in inventories and an upward revision in the IEA demand outlook. Brent trading key points US oil stocks decreased by 3.444 million barrels According to the IEA forecast, global oil demand is expected to rise in 2024 Brent price targets: 85.50 and […]