Category: Technial Analysis
The EURUSD pair is consolidating. Investors need to assess crucial changes in the US political race. EURUSD trading key points The US dollar must evaluate political changes The odds of Trump’s victory support the USD EURUSD price targets: 1.0860, 1.0820, and 1.0777 Fundamental analysis The EURUSD pair stopped at 1.0888 on Monday. The market is […]
The EURUSD rate is declining for the second consecutive day on Friday morning following the ECB’s decision. The current EURUSD exchange rate is 1.0887. EURUSD trading key points The ECB kept key interest rates unchanged The decision reflects the regulator’s caution due to uncertainty about inflation slowdown rates Despite the central bank’s decision, markets expect […]
The US 30 stock index hit a new all-time high as part of a strong uptrend. A correction is expected next week, following which the index may again reach another peak. US 30 trading key points Recent data: initial jobless claims reached 243,000 Economic indicators: the US employment market shows increasing weakness, with another rise […]
The USDJPY analysis for 19 July 2024 shows that weak economic indicators in Japan allowed the US dollar to strengthen against the yen. USDJPY trading key points Japan’s nationwide core consumer price index (y/y): previously at 2.5%, currently at 2.6% Japan’s nationwide consumer price index (m/m): previously at 0.5%, currently at 0.3% A speech by […]
Brent crude oil prices are dropping again. The market has experienced sales growth amid falling prices for risky assets and the US dollar strengthening. Brent trading key points Brent prices are falling due to pressure from the US dollar China’s plenum did not outline measures to support the economy Brent price targets: 85.00, 85.40, 86.90, […]
The AUDUSD pair continues to lose ground. The market is selling off risky assets. AUDUSD trading key points AUD is declining for the fifth consecutive day Australia’s employment market is sending mixed signals AUDUSD price targets: 0.6750 and 0.6811 Fundamental analysis The Australian dollar, in the pair with its US counterpart, has been steadily and […]
The EURUSD pair continues its ascent, with the market awaiting a Federal Reserve interest rate cut and working against the US dollar. EURUSD trading key points Statistics signal an imminent Federal Reserve interest rate cut The ECB will keep the borrowing costs unchanged EURUSD price targets: 1.0880, 1.0840, and 1.0806 Fundamental analysis The EURUSD pair […]
The USDJPY rate slightly corrected on Thursday morning, 18 July 2024, following another decline wave. USDJPY trading key points Japan’s imports increased by 3.2% in June 2024, falling short of the forecasted 9.3% and 9.5% in May Japan’s exports rose by 5.4% in June 2024, below the forecast of 6.4%, marking the smallest gain in […]
The DE 40 stock index has remained in a sideways range for an extended period. The price breached its upper boundary at the end of last week, indicating a reversal to an uptrend. DE 40 trading key points Recent data: the ZEW indicator of economic sentiment fell to 41.8 in July from 47.5 in June […]
Gold continues to rise on Thursday, 18 July 2024, offsetting Wednesday’s correction. XAUUSD trading key points The Philadelphia Fed manufacturing index (US): previously at 1.3%, forecasted at 2.7% A speech by US Federal Open Market Committee (FOMC) official Mary C. Daly XAUUSD price targets: 2,434.84, 2,400.00, and 2,386.50 Fundamental analysis This week’s economic data showed […]