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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 […]
The USDCAD rate is declining on Wednesday following a protracted rise amid expectations of the Federal Reserve’s decision and falling oil prices. Find out more in our analysis dated 31 July 2024. USDCAD trading key points Investors await the US Federal Reserve’s interest rate decision CFTC data indicates a significant increase in Canadian dollar short […]
The EURUSD pair is expected to face a severe shock by the end of the US trading session. The Federal Reserve’s interest rate decision could bring substantial changes. Find out more in our analysis dated 31 July 2024. EURUSD trading key points The eurozone’s consumer price index in July (y/y): previously at 2.5%, forecasted at […]