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The EURUSD rate is correcting; buyers hold the pair above the 1.0900 support level. Find out more in our analysis dated 12 August 2024. EURUSD trading key points Markets are preparing for the release of crucial US inflation data, which could influence the Federal Reserve’s further policy Annual core inflation is projected to fall to […]
After declining sharply, Brent crude oil continues to correct in anticipation of energy market forecasts from the OPEC and the International Energy Agency (IEA). Given political uncertainty in the Middle East, the Brent price forecast is moderately optimistic. Brent trading key points Recent data: Baker Hughes oil rig count reached 485 Economic indicators: the US […]
The US 500 stock index has formed a support level, but the trend remains downward. Given the weakening US employment market, the US 500 index forecast is negative. US 500 trading key points Recent data: initial jobless claims reached 233,000 Economic indicators: the US Federal Reserve is guided by employment market indicators in its decisions […]
The GBPUSD pair has risen for four consecutive trading days, improving market sentiment. Find out more in our analysis dated 12 August 2024. GBPUSD trading key points The GBPUSD pair is regaining ground The pace of monetary policy easing by the Bank of England will remain moderate GBPUSD forecast for 12 August 2024: 1.2870, 1.2640, […]
The EURUSD pair is moving towards equilibrium. Bets on the Federal Reserve’s quick responses have diminished. Find out more in our analysis dated 9 August 2024. EURUSD trading key points The EURUSD pair is stabilising The Federal Reserve’s target is price stability, not responses to stock market sentiment EURUSD forecast for 9 August 2024: 1.0944, […]
The USDJPY rate is correcting on Friday following three days of growth. Find out more in our analysis dated 9 August 2024. USDJPY trading key points US initial jobless claims fell to the lowest level in a year US positive employment market statistics weakened expectations of Federal Reserve monetary policy easing The likelihood of a […]