News
The EURUSD rate is slightly correcting on Friday as traders await the US employment report. Find out more in our analysis dated 2 August 2024. EURUSD trading key points US manufacturing activity contracted more than expected, reaching 46.6 Initial jobless claims increased to 249K Expectations of a Federal Reserve interest rate cut in September increased […]
The USDJPY pair continues to decline following a BoJ interest rate hike and a reduction in the yen’s speculative positions. Find out more in our analysis dated 2 August 2024. USDJPY trading key points Japan’s monetary base (y/y): previously at 0.6%, currently at 1.2% CFTC JPY speculative net positions: previously at -107.1K US nonfarm payrolls: […]
The NZDUSD pair has recovered quite well. The market is once again interested in risk. Find out more in our analysis dated 2 August 2024. NZDUSD trading key points The NZDUSD rate halts its decline The market awaits RBNZ interest rate cuts in August and October NZDUSD forecast for 2 August 2024: 0.5888 and 0.5802 […]
Here is a detailed August 2024 forecast for EURUSD, USDJPY, GBPUSD, AUDUSD, USDCHF, NZDUSD, and USDCAD. EURUSD The EURUSD pair has declined to 1.0825 and is forming a consolidation range around this level. A downward breakout from this range could extend the decline to 1.0720, the initial target. Conversely, an upward breakout might lead to […]
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 […]