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The GBPUSD pair declines further ahead of a speech by the new UK Chancellor of the Exchequer. Speculations about potential tax increases might push the GBPUSD rate further down. Find out more in our analysis dated 29 July 2024. GBPUSD trading key points Bank of England consumer lending: previously at 1.513 billion M3 monetary aggregate: […]

The USDJPY pair continues to decline in anticipation of an interest rate decision. The Bank of Japan’s leadership is considering the most suitable rate decision. Find out more in our analysis dated 26 July 2024. USDJPY trading key points Japan’s core Consumer Price Index (CPI) (y/y) in July: previously at 2.1%, currently at 2.2% CFTC […]

The EURUSD rate is slightly rising after rebounding from the 1.0830 support level. Will the US dollar strengthen? Find out in our analysis dated 26 July 2024. EURUSD trading key points US GDP rose by 2.8% year-over-year in Q2 Germany’s Ifo Business Climate Index fell to 87 points Traders focus on US inflation data EURUSD […]

The US 30 stock index corrected by 3.85% after reaching a new all-time high, although the potential for further growth remains. However, market participants have likely already factored in a potential interest rate cut by the US Federal Reserve. US 30 trading key points Recent data: US Q2 GDP rose by 2.8% year-over-year, while analysts […]

Brent prices halted their decline and are forming a local upward reversal. Find out more in our analysis dated 26 July 2024. Brent trading key points US data: Q2 GDP exceeded forecasts Brent forecast for 26 July 2024: 80.00 and 82.80 Fundamental analysis Brent’s price halted its two-week decline within a downward correction, finding support […]

The AUDUSD pair halted its decline. The AUD rate experienced its worst week since November. For a detailed analysis, please refer to our forecast dated 26 July 2024. AUDUSD trading key points AUD has been falling for 9 consecutive sessions The RBA will make efforts to prevent an economic recession AUDUSD forecast for 26 July […]