News
Brent crude oil prices experienced a decline of approximately 3% last week. Brent trading key points Current trend: a downward correction is underway as part of a long-term uptrend Market focus: geopolitical tensions in the Middle East are rising Price dynamics: bulls will probably attempt to reverse the price up at the current price level […]
After declining, the US dollar attempts to recoup its losses against the Swiss franc and restore its lost position. USDCHF trading key points M3 monetary aggregate: previously at 1,135.6B, currently at 1,138.1B USDCHF price targets: 0.8761 and 0.9000 Fundamental analysis The news landscape is scarce on Monday, 22 July 2024, with the USDCHF pair recovering […]
The EURUSD pair is consolidating. Investors need to assess crucial changes in the US political race. EURUSD trading key points The US dollar must evaluate political changes The odds of Trump’s victory support the USD EURUSD price targets: 1.0860, 1.0820, and 1.0777 Fundamental analysis The EURUSD pair stopped at 1.0888 on Monday. The market is […]
The EURUSD rate is declining for the second consecutive day on Friday morning following the ECB’s decision. The current EURUSD exchange rate is 1.0887. EURUSD trading key points The ECB kept key interest rates unchanged The decision reflects the regulator’s caution due to uncertainty about inflation slowdown rates Despite the central bank’s decision, markets expect […]
The US 30 stock index hit a new all-time high as part of a strong uptrend. A correction is expected next week, following which the index may again reach another peak. US 30 trading key points Recent data: initial jobless claims reached 243,000 Economic indicators: the US employment market shows increasing weakness, with another rise […]
The USDJPY analysis for 19 July 2024 shows that weak economic indicators in Japan allowed the US dollar to strengthen against the yen. USDJPY trading key points Japan’s nationwide core consumer price index (y/y): previously at 2.5%, currently at 2.6% Japan’s nationwide consumer price index (m/m): previously at 0.5%, currently at 0.3% A speech by […]