Category: Technial Analysis
The NZDUSD pair has fallen for the fourth consecutive trading session, pressured by the strong US dollar and China’s declining economy. NZDUSD trading key points Negative signals from China work as pressure factors It is difficult for the NZD to withstand pressure from the US dollar NZDUSD price targets: 0.5948 and 0.5907 Fundamental analysis The […]
The EURUSD rate slightly rose on Tuesday, 23 July 2024, trading above the key support level of 1.0875. EURUSD trading key points The ECB’s decision to keep interest rates unchanged and Lagarde’s remarks about a “wide open” September meeting continue to support the euro Eurozone, Germany, and France PMIs are expected to improve, and consumer […]
The USDJPY analysis for 23 July 2024 indicates that the yen continues to strengthen in anticipation of the decision on interest rate changes in July. USDJPY trading key points US existing home sales (June): previously at 4.11M, forecasted at 3.99M USDJPY price targets: 158.28, 154.80, and 154.66 Fundamental analysis The yen continues to strengthen against […]
The JP 225 stock index declined by 7% immediately after reaching a new all-time high. However, the support level of the uptrend has not yet been breached. JP 225 trading key points Recent data: Japan’s CPI consumer inflation reached 2.8% year-over-year in June Economic indicators: rising inflation amid a weakening yen is prompting the Bank […]
Gold prices are declining after reaching an all-time high of 2,483 USD per troy ounce. XAUUSD trading key points Market focus: market participants are awaiting US GDP growth data for Q2 2024 on Thursday Price dynamics: a sharp increase in volatility can be expected following the release of Thursday’s US GDP data Current trend: a […]
The USDJPY rate declines on Monday morning, 22 July 2024, after a two-day growth. The current USDJPY exchange rate is 156.55. USDJPY trading key points Japan’s inflation continues to rise The Bank of Japan is expected to raise interest rates next week USDJPY price targets: 158.28, 154.80, and 154.66 Fundamental analysis The Japanese yen is […]
JPMorgan Chase & Co.’s Q2 2024 report exceeded both expectations and competitors’ financial performance, driving the value of the bank’s shares to reach a new all-time high. Should we anticipate a further price increase? The largest US bank, JPMorgan Chase & Co. (NYSE: JPM), released its Q2 2024 report, surpassing expectations. The investment community closely […]
The US 500 stock index has declined for three consecutive trading sessions, breaking through all the support levels. It is now difficult to determine whether this is the beginning of a global downtrend or just a correction. US 500 trading key points Recent data: US initial jobless claims reached 243,000 Economic indicators: a weakening employment […]
Brent crude oil prices experienced a decline of approximately 3% last week. Brent trading key points Current trend: a downward correction is underway as part of a long-term uptrend Market focus: geopolitical tensions in the Middle East are rising Price dynamics: bulls will probably attempt to reverse the price up at the current price level […]
After declining, the US dollar attempts to recoup its losses against the Swiss franc and restore its lost position. USDCHF trading key points M3 monetary aggregate: previously at 1,135.6B, currently at 1,138.1B USDCHF price targets: 0.8761 and 0.9000 Fundamental analysis The news landscape is scarce on Monday, 22 July 2024, with the USDCHF pair recovering […]