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The AUDUSD pair is falling despite improved trade balance and increased commodity price index. Find out more in our analysis dated 1 August 2024. AUDUSD trading key points Australia’s balance of trade (June): previously at 5.052 billion, currently at 5.589 billion Australia’s commodity price index (y/y): previously at -4.1%, currently at -3.0% The US ISM […]
The DЕ 40 stock index remains in a sideways channel between current resistance and support levels. The DЕ 40 price forecast suggests a further decline. DE 40 trading key points Recent data: Germany’s GDP in Q2 2024 decreased by 0.1% year-over-year Economic indicators: Germany is the only developed country experiencing an economic downturn, which indicates […]
The XAUUSD price increased to 2,458 USD following the Federal Reserve’s interest rate decision and accompanying comments. Find out more in our XAUUSD analysis for today, 1 August 2024. XAUUSD trading key points Market focus: The Federal Reserve chair confirmed a potential rate cut in September; the market awaits Friday’s US employment data Current trend: […]
The USDJPY rate is correcting on Thursday following a significant decline amid the BoJ’s decision to raise the interest rate. Find out more in our analysis dated 1 August 2024. USDJPY trading key points The decision to hike the rate was made despite differing opinions and disappointing consumption data Weak indicators will not prevent the […]
The EURUSD pair remains stable. The Fed did not surprise the market. Find out more in our analysis dated 1 August 2024. EURUSD trading key points The Federal Reserve’s interest rate remains at 5.50% per annum The Fed may lower borrowing costs in September EURUSD forecast for 1 August 2024: 1.0880, 1.0777, and 1.0747 Fundamental […]
Streaming services, led by Netflix Inc., gained popularity during the COVID-19 pandemic. However, as COVID restrictions were lifted, interest in such services began to wane. In 2022, Netflix reported a significant loss in the number of subscribers. However, this decline was temporary, and the popularity of streaming services recovered. Netflix navigated this challenging period and […]