Category: Technial Analysis
A speech by a member of the Bank of England’s Monetary Policy Committee and a decline in US economic indicators may help the British pound regain ground. Discover more in our analysis for 25 November 2024. GBPUSD forecast: key trading points A speech by Swati Dhingra, a member of the Bank of England’s Monetary Policy […]
The New Zealand dollar fell to an annual low, with investors siding with the USD. Find out more in our analysis for 22 November 2024. NZDUSD forecast: key trading points The NZDUSD pair reached a new annual trough The RBNZ is expected to lower the interest rate by 50 basis points in one move next […]
The US 30 stock index is in a strong uptrend, showing no signs of a medium-term reversal. More details in our US 30 price forecast and analysis for next week, 25-29 November 2024. US 30 forecast: key trading points Recent data: initial jobless claims totalled 213,000 in the previous week Economic indicators: this is a […]
A decline in Japan’s fundamental indicators and stabilising US inflation may trigger a new growth wave in the USDJPY pair. More details in our analysis for 22 November 2024. USDJPY forecast: key trading points Japan’s nationwide core Consumer Price Index (y/y): previously at 2.4%, currently at 2.3% US services PMI: previously at 55.0, projected at […]
The EURUSD rate is showing a correction after yesterday’s aggressive decline. Find out more in our analysis for 22 November 2024. EURUSD forecast: key trading points The likelihood of a Federal Reserve interest rate cut in December is estimated by markets at 55.9%, with some traders expecting a pause US initial jobless claims fell to […]
XAUUSD prices continue strengthening significantly after forming a local trough and reversing upwards. Further growth may follow a brief correction. Discover more in our XAUUSD analysis for today, 22 November 2024. XAUUSD forecast: key trading points Market focus: US statistics on the Composite Purchasing Managers’ Index (PMI) and Michigan Consumer Sentiment Index are due today […]
The EURUSD pair has halted its decline. The market is awaiting greater clarity on Trump’s policy. Find out more in our analysis for 21 November 2024. EURUSD forecast: key trading points The EURUSD pair is no longer in a downward trend The market is analysing what to expect from the new US White House administration […]
The DE 40 stock index has fallen slightly this week, approaching the 19,000.0 mark. The DE 40 forecast for next week remains negative. DE 40 forecast: key trading points Recent data: Germany’s Producer Price Index (PPI) rose by 0.2% compared to the previous month Economic indicators: the PPI is used to gauge the country’s inflation […]
XAGUSD prices completed a downward correction, and following Gold, they reversed upwards, with growth likely to continue. More details in our XAGUSD analysis for today, 21 November 2024. XAGUSD forecast: key trading points Market focus: another escalation of the conflict in the Middle East drives up Silver and Gold prices Current trend: reversal to the […]
Michele Bullock’s speech and increased US jobless claims may support the AUDUSD pair in forming a corrective wave. More details in our analysis for 21 November 2024. AUDUSD forecast: key trading points A speech by Reserve Bank of Australia Governor Michele Bullock US initial jobless claims: previously at 217,000, currently at 220,000 The US Philadelphia […]