Tag: Roboforex
Micron Technology Inc. (NYSE: MU) has recovered from last year’s losses and is rapidly increasing revenues and net income growth, surprising market participants and exceeding expert forecasts. The previous quarter’s report, released on 25 September, shows a 93% revenue increase. Given this context, is it wise to invest in Micron stock? The article provides a […]
According to the EURUSD analysis for 9 October 2024, the EURUSD rate is highly likely to continue declining, primarily driven by strong US labour market data, which raises doubts about further Federal Reserve rate cuts at the end of the year. EURUSD forecast: key trading points Germany’s Consumer Price Index ( CPI) reached 1.6% year-on-year […]
The USDCAD rate has risen for the sixth consecutive trading session, breaking above the 1.3625 resistance level. Find out more in our analysis for 9 October 2024. USDCAD forecast: key trading points Canada’s trade deficit reached 1.097 billion CAD in August, considerably exceeding forecasts Canada’s labour market is expected to weaken further, which may increase […]
Brent prices surged to 81.00 USD amid increasing tensions in the Middle East. Growth may continue after a minor correction. Find out more in our Brent analysis for today, 8 October 2024. Brent forecast: key trading points US data: the market awaits the API crude oil stock report today Current trend: correcting as part of […]
The JP 225 stock index is again trading within a sideways channel between the current resistance and support levels without a clear trend. The JP 225 forecast for next week is pessimistic. JP 225 forecast: key trading points Recent data: the Composite PMI reached 52 in September Economic indicators: the index reflects the level of […]
The USDJPY pair is starting to undergo a correction as the US dollar appears overvalued. Find out more in our analysis for 8 October 2024. USDJPY forecast: key trading points The USDJPY pair is poised for a correction The yen is recovering after plunging to a seven-week low USDJPY forecast for 8 October 2024: 146.60, […]
The USDCHF pair declined after last week’s rise. The market is moving out of its overbought status. Find out more in our analysis for 8 October 2024. USDCHF forecast: key trading points The USDCHF pair is declining The market is moving out of its overbought status after last week’s rally USDCHF forecast for 8 October […]
The EURUSD rate rose after rebounding from the 1.0955 support level. More details and insights are available in our EURUSD analysis for today, 8 October 2024. EURUSD forecast: key trading points The robust US labour market report reduced expectations of a 50-basis-point Federal Reserve rate cut Traders estimate the likelihood of a 25-basis-point Federal Reserve […]
XAUUSD price is moderately correcting downwards after Friday’s positive US employment market data release, while a triangle pattern continues forming on the chart. Read our XAUUSD analysis for today, 7 October 2024, for more detailed insights. XAUUSD forecast: key trading points Market focus: US employment market statistics exceeded forecasts Current trend: a moderate correction is […]
The EURUSD pair continues to decline, with the market increasingly favouring the US dollar. Find out more in our analysis for 7 October 2024. EURUSD forecast: key trading points The EURUSD pair has fallen to a two-month low US dollar advocates no longer expect the Federal Reserve to cut interest rates rapidly EURUSD forecast for […]