Tag: Roboforex
The USDJPY rate gradually strengthened on Thursday, approaching the psychologically important resistance level of 150.00. More details in our analysis for 17 October 2024. USDJPY forecast: key trading points Japan’s trade balance decreased by 293.3 billion yen in September Japan will release inflation data on Friday, notably the National Consumer Price Index (CPI) USDJPY forecast […]
The EURUSD rate has been declining for the fourth consecutive trading session. Find out more in our analysis for 17 October 2024. EURUSD forecast: key trading points Traders expect dovish comments from the ECB, which may increase pressure on the euro The average 30-year mortgage rate in the US rose to 6.52% Mortgage applications in […]
The XAGUSD price steadily rose after reversing from the support level near 30.00 USD. The trend is upward, and it is likely to continue. Our XAGUSD analysis for today, 17 October 2024, provides more details and insights. XAGUSD forecast: key trading points Current trend: an uptrend is underway The market will focus on US retail […]
The release of the quarterly earnings report negatively impacted Tilray Brands Inc. (NYSE: TLRY) shares, with the price breaching the support level that has held since July 2023. The company’s revenue growth fails to attract investors; market participants are focused on the legalisation of cannabis and are ready to invest in the company only if […]
The USDJPY rate rose slightly on Wednesday but remains below the resistance level. Find out more in our analysis for 16 October 2024. USDJPY forecast: key trading points Seiji Adachi’s speech did not significantly impact the volatility of the USDJPY pair According to the BoJ official, interest rate hikes should be gradual to avoid the […]
The US Tech stock index is undergoing a correction after breaching the 20,330.0 level but is still in an uptrend. The US Tech forecast for next week is positive. US Tech forecast: key trading points Recent data: the preliminary Michigan Consumer Sentiment reached 68.9 points in October Economic indicators: the index measures consumer confidence in […]
The USDCAD rate is slightly declining as part of a correction, targeting 1.3862. Discover more in our analysis for 16 October 2024. USDCAD forecast: key trading points Canada’s consumer inflation (CPI) reached 1.6% y/y, below the expected 1.8% Consumer inflation fell by 0.4% m/m Canada’s core CPI rose by 1.6%, exceeding expectations of 1.5% USDCAD […]
XAUUSD price has completed a downward correction and is steadily moving upwards. Growth is expected to continue, with the price reaching a new historical maximum of 2,685 USD. Find out more in our XAUUSD analysis for today, 16 October 2024. XAUUSD forecast: key trading points Market focus: gold is approaching an all-time high of 2,685 […]
The EURUSD rate has been declining for the third consecutive trading session. More details are available in our analysis for 16 October 2024. EURUSD forecast: key trading points Atlanta Fed President Raphael Bostic stated that only one interest rate cut of 25 basis points is planned this year The Empire State Manufacturing Index dropped to […]
The USDJPY rate is slightly declining after rising for two trading sessions. Find out more in our analysis for 15 October 2024. USDJPY forecast: key trading points Bank of Japan Governor Kazuo Ueda signals reluctance to raise interest rates, increasing pressure on the yen The US Federal Reserve adopts a more moderate approach to interest […]