Tag: Roboforex
The USDJPY pair remains in a consolidation phase. The market is preserving its strength ahead of the BoJ meeting. Find out more in our analysis for 30 October 2024. USDJPY forecast: key trading points The USDJPY pair paused ahead of the Bank of Japan meeting The market expects the interest rate to remain unchanged at […]
Coal prices have fallen by 68% from their September 2022 peak, and uranium prices have increased by 70% over the same period. Both coal and uranium are used as raw materials for electric power generation, but unlike uranium, coal is considered a polluting energy source. Given the global trend towards environmental protection, sustained interest in […]
The US Tech stock index is in an uptrend; following weak labour market data, it is highly likely to reach a new all-time high. The US Tech forecast for next week is cautiously optimistic. US Tech forecast: key trading points Recent data: the JOLTS (Job Openings and Labor Turnover Survey) reported job openings at 7.443 […]
GDP growth in the eurozone and a decrease in US employment figures may give the euro a chance to recover against the US dollar. Find out more in our analysis for 30 October 2024. EURUSD forecast: key trading points Eurozone Q3 GDP (y/y): previously at 0.6%, projected at 0.8% US ADP nonfarm employment change: previously […]
The USDCAD rate is rising, reaching the upper boundary of a long-term range. Discover more in our analysis for 30 October 2024. USDCAD forecast: key trading points US job openings in September 2024 decreased by 418,000 to 7.443 million The US Consumer Confidence Index rose to 108.7 points in October, beating analysts’ forecasts Canada’s wholesale […]
Brent prices continue to decline moderately after the underwhelming OPEC report and eased concerns over a potential escalation of the Middle East conflict. Discover more in our Brent analysis for today, 29 October 2024. Brent forecast: key trading points US data: API crude oil inventory statistics will be released today Current trend: a downward movement […]
Decreased unemployment in Japan and increased consumer confidence in the US support the strength of the US dollar. Discover more in our analysis for 29 October 2024. USDJPY forecast: key trading points Japan’s unemployment rate: previously at 2.5%, currently at 2.4% US job openings: previously at 8.040 million, currently at 7.980 million The US Consumer […]
The JP 225 stock index remains in a downtrend, with a deep correction likely to persist. The JP 225 forecast for next week is negative. JP 225 forecast: key trading points Recent data: Japan’s manufacturing PMI was 49.0 points in October based on preliminary data Economic indicators: this is a gauge of business activity in […]
Here is a detailed weekly technical analysis and forecast for EURUSD, USDJPY, GBPUSD, AUDUSD, USDCHF, NZDUSD, and USDCAD for 29 October – 1 November 2024. EURUSD forecast The EURUSD pair has completed a downward wave, reaching 1.0760. After hitting this level, the price completed the first upward impulse towards 1.0833. The correction of this impulse […]
The EURUSD rate slightly declines, remaining within the range. More details in our analysis for 29 October 2024. EURUSD forecast: key trading points Positive US economic indicators continue to exert pressure on the euro The increasing likelihood of Donald Trump’s victory in the presidential election supports the US dollar Traders are focused on the upcoming […]