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The US Tech stock index is in an uptrend. However, the quotes have been hovering between the current resistance and support levels for over a week. The US Tech forecast for next week is moderately optimistic. US Tech forecast: key trading points Recent data: the Richmond Manufacturing Index came in at -14 points in October […]
The USDJPY rate has been rising for the third consecutive trading session. Find out more in our analysis for 23 October 2024. USDJPY forecast: key trading points The Japanese yen has declined to a three-month low due to the strengthening of the US dollar amid robust economic data The formation of a Japanese coalition government […]
The Bank of Canada will release its monetary policy report and interest rate decision today. More details in our analysis for 23 October 2024. USDCAD forecast: key trading points The release of the Bank of Canada monetary policy report The Bank of Canada interest rate decision: previously at 4.25%, projected at 3.75% The Bank of […]
Gold is rising amid increasing uncertainty ahead of the US election. Discover more in our analysis for 23 October 2024. XAUUSD forecast: key trading points Gold has set a new record, testing the 2,753 USD level Stronger demand is due to the upcoming US election, which creates uncertainty in the markets Both US presidential candidates […]
The USDCHF rate slightly declines on Tuesday. More details in our analysis for 22 October 2024. USDCHF forecast: key trading points Markets predict Trump’s potential victory, which may drive up US inflation, adding pressure on the franc Expectations of monetary policy easing by the Swiss National Bank support the rise in the USDCHF pair USDCHF […]
The USDJPY pair has reached a new three-month peak. The market does not rule out currency interventions from the Bank of Japan. Find out more in our analysis for 22 October 2024. USDJPY forecast: key trading points The USDJPY pair has surpassed a three-month high The yen has weakened, increasing the likelihood of new currency […]