News
Brent’s price continues to decline within the downtrend, forming a triangle pattern on the chart. The market will focus on the US API crude oil stock change data today. Find out more in our Brent analysis for today, 10 September 2024. Brent forecast: key trading points US data: the market is awaiting the API oil […]
Economic forecasts for the European Union could support the euro, with the speech by FOMC member Michelle Bowman likely to shed light on the Federal Reserve interest rates. Find out more in our analysis for 10 September 2024. EURUSD forecast: key trading points Germany’s consumer price index (CPI) (m/m): previously at 0.3%, projected at -0.1%, […]
The USDCHF rate is slightly correcting but remains within a descending channel. Discover more in our analysis for 10 September 2024. USDCHF forecast: key trading points Traders’ focus remains on crucial US inflation data due on Wednesday and Thursday A potential interest rate cut at the upcoming Federal Reserve meeting will depend on incoming economic […]
With Japan’s Q2 GDP slightly rising and consumer spending moving into positive territory, all fundamental data supports the Japanese yen. Find out more in our analysis for 9 September 2024. USDJPY forecast: key trading points Japan’s Q2 GDP: previously at -0.6%, currently at 0.7% Japan’s GDP deflator (y/y): previously at 3.4%, currently at 3.1% Japan’s […]
The EURUSD rate is declining for the second consecutive session following the release of the US employment report. Find out more in our analysis for 9 September 2024. EURUSD forecast: key trading points US employment growth slowed as job gains in August were lower than expected The unemployment rate decreased to 4.2%, indicating improving employment […]
The US 500 stock index tumbled by 4.46% from its early-month levels, with US employment market data only accelerating the fall. The US 500 forecast is negative until the end of the week. US 500 forecast: key trading points Recent data: the number of jobs in the US increased by 142,000 in August, according to […]