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Brent crude oil prices are dropping again. The market has experienced sales growth amid falling prices for risky assets and the US dollar strengthening. Brent trading key points Brent prices are falling due to pressure from the US dollar China’s plenum did not outline measures to support the economy Brent price targets: 85.00, 85.40, 86.90, […]
The AUDUSD pair continues to lose ground. The market is selling off risky assets. AUDUSD trading key points AUD is declining for the fifth consecutive day Australia’s employment market is sending mixed signals AUDUSD price targets: 0.6750 and 0.6811 Fundamental analysis The Australian dollar, in the pair with its US counterpart, has been steadily and […]
The EURUSD pair continues its ascent, with the market awaiting a Federal Reserve interest rate cut and working against the US dollar. EURUSD trading key points Statistics signal an imminent Federal Reserve interest rate cut The ECB will keep the borrowing costs unchanged EURUSD price targets: 1.0880, 1.0840, and 1.0806 Fundamental analysis The EURUSD pair […]
The USDJPY rate slightly corrected on Thursday morning, 18 July 2024, following another decline wave. USDJPY trading key points Japan’s imports increased by 3.2% in June 2024, falling short of the forecasted 9.3% and 9.5% in May Japan’s exports rose by 5.4% in June 2024, below the forecast of 6.4%, marking the smallest gain in […]
The DE 40 stock index has remained in a sideways range for an extended period. The price breached its upper boundary at the end of last week, indicating a reversal to an uptrend. DE 40 trading key points Recent data: the ZEW indicator of economic sentiment fell to 41.8 in July from 47.5 in June […]
Gold continues to rise on Thursday, 18 July 2024, offsetting Wednesday’s correction. XAUUSD trading key points The Philadelphia Fed manufacturing index (US): previously at 1.3%, forecasted at 2.7% A speech by US Federal Open Market Committee (FOMC) official Mary C. Daly XAUUSD price targets: 2,434.84, 2,400.00, and 2,386.50 Fundamental analysis This week’s economic data showed […]