Category: Technial Analysis
During a significant stock market decline, the US 30 stock index broke below the ascending channel’s support line and the main support level. The US 30 forecast for next week suggests a further decline. US 30 trading key points Recent data: initial jobless claims reached 233 thousand Economic indicators: the employment market is the main […]
XAUUSD price reversed upwards and closed yesterday’s session with a moderate gain, establishing a foothold above 2,400. The upward movement may continue. Find out more in our XAUUSD analysis for today, 9 August 2024. XAUUSD trading key points Market focus: gold prices are rising amid geopolitical tensions in the Middle East Current trend: gold is […]
A decrease in France’s balance of trade and US initial jobless claims may fuel a continuation of the EURUSD correction. Find out more in our analysis dated 8 August 2024. EURUSD trading key points France’s exports: previously at 50.4 billion EUR France’s imports: previously at 58.2 billion EUR France’s balance of trade: previously at -8.0 […]
The AUDUSD rate is rising on Thursday morning; buyers are testing the resistance area. Find out more in our analysis dated 8 August 2024. AUDUSD trading key points The Reserve Bank of Australia left the interest rate unchanged at 4.35% for the sixth consecutive time The Australian dollar reached a two-week high against the US […]
The DE 40 stock index fell by 9.88% from its all-time high, exiting a sideways channel on Monday. The DE 40 index forecast suggests a further decline. DE 40 trading key points Recent data: Germany’s factory orders unexpectedly rose by 3.9% in June, exceeding analysts’ forecast of 0.5% Economic indicators: the German economy largely depends […]
Brent price closed yesterday’s session with sustained growth, driven by statistics on decreased US oil inventories. Find out more in our Brent analysis for today, 8 August 2024. Brent trading key points US data: according to EIA data, US oil inventories decreased by 3.7 million barrels last week Brent forecast for 8 August 2024: 79.30 […]
The USDJPY pair is under pressure again. The market is deciding on a further action scenario. Find out more in our analysis dated 8 August 2024. USDJPY trading key points The USDJPY pair is declining again Bank of Japan members call for an interest rate hike USDJPY forecast for 8 August 2024: 145.00 and 148.11 […]
The EURUSD rate has declined for the second consecutive session, failing to sustain the levels observed at the beginning of 2024. Find out more in our analysis dated 7 August 2024. EURUSD trading key points The EURUSD pair has stabilised after reaching a seven-month high Germany’s trade balance surplus decreased to 20.4 billion EUR The […]
Although the XAUUSD price has dipped below 2,400 USD from its all-time high area, the uptrend persists, and growth may resume. Find out more in our XAUUSD analysis for today, 7 August 2024. XAUUSD trading key points Market focus: markets are under pressure from weak US employment data Current trend: gold is undergoing a downward […]
The reduction in Japan’s foreign reserves may be due to the BoJ’s attempts to strengthen the yen. Find out more in our analysis dated 7 August 2024. USDJPY trading key points Japan’s foreign reserves (USD): previously at 1231.5 billion, currently at 1219.1 billion Japan’s leading economic index: previously at 111.2, currently at 108.6 Japan’s coincident […]