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The US Tech stock index is reaching new all-time highs for the fourth consecutive session, driven by US employment market data. US Tech trading key points Recent data: the US unemployment rate rose to 4.1% in June Economic indicators: according to the US Department of Labor statistics, the leading market indicators show weakness in the […]
The EURUSD pair continues strengthening ahead of officials’ speeches and amid the rising US national debt. EURUSD trading key points A speech by the President of the Deutsche Bundesbank Joachim Nagel A speech by Deutsche Bundesbank official Sabine Mauderer A speech by US Federal Reserve Chair Jerome Powell A speech by US Federal Open Market […]
The USDCHF rate declined on Wednesday, 10 July 2024. The pair reacted weakly to the Federal Reserve chair’s speech, and the current USDCHF exchange rate is 0.8971. USDCHF trading key points SNB is poised for two rate cuts this year The Swiss regulator is clearly discontent with the rising national currency’s rate USDCHF price target: […]
Investors in the USDCAD pair are assessing the latest statistics and forecasts. The Bank of Canada’s actions will determine further movements. USDCAD trading key points The market is considering Canada’s employment market statistics The Bank of Canada may lower interest rates at every meeting until the end of 2024 USDCAD price targets: 1.3696, 1.3600, 1.3530, […]
Following a 10.78% correction and a prolonged sideways channel, the JP 225 stock index resumed growth, reaching its highest level since 1989. The primary driver is increased demand from Japan’s domestic investors, who have reduced their investments in US government bonds to protect themselves against the yen’s depreciation. JP 225 trading key points Recent data: […]
Gold prices are rising on Tuesday, 9 July 2024, partially recouping Monday’s losses. The 2,350 level serves as strong support. XAUUSD trading key points Price growth is driven by expectations of a Federal Reserve interest rate cut Technical analysis: buyers have breached the upper boundary of a triangle pattern XAUUSD price targets: 2,393, 2,450 Fundamental […]