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Brent price closed yesterday’s session with sustained growth, driven by statistics on decreased US oil inventories. Find out more in our Brent analysis for today, 8 August 2024. Brent trading key points US data: according to EIA data, US oil inventories decreased by 3.7 million barrels last week Brent forecast for 8 August 2024: 79.30 […]

The USDJPY pair is under pressure again. The market is deciding on a further action scenario. Find out more in our analysis dated 8 August 2024. USDJPY trading key points The USDJPY pair is declining again Bank of Japan members call for an interest rate hike USDJPY forecast for 8 August 2024: 145.00 and 148.11 […]

The EURUSD rate has declined for the second consecutive session, failing to sustain the levels observed at the beginning of 2024. Find out more in our analysis dated 7 August 2024. EURUSD trading key points The EURUSD pair has stabilised after reaching a seven-month high Germany’s trade balance surplus decreased to 20.4 billion EUR The […]

Although the XAUUSD price has dipped below 2,400 USD from its all-time high area, the uptrend persists, and growth may resume. Find out more in our XAUUSD analysis for today, 7 August 2024. XAUUSD trading key points Market focus: markets are under pressure from weak US employment data Current trend: gold is undergoing a downward […]

The reduction in Japan’s foreign reserves may be due to the BoJ’s attempts to strengthen the yen. Find out more in our analysis dated 7 August 2024. USDJPY trading key points Japan’s foreign reserves (USD): previously at 1231.5 billion, currently at 1219.1 billion Japan’s leading economic index: previously at 111.2, currently at 108.6 Japan’s coincident […]

The US Tech stock index established a support level at 17,240.0 at the close of Tuesday’s trading session. However, according to the US Tech index forecast, the decline is not over yet. US Tech trading key points Recent data: the US unemployment rate rose to 4.3% in July, marking the highest reading since October 2021 […]