Tag: Roboforex
Employment growth and changes in US crude oil inventories may significantly impact the USDCAD price. Read details in our USDCAD forecast for today, 2 October 2024. USDCAD forecast: key trading points ADP change in US nonfarm employment: previous reading 99,000; forecast 124,000 US Federal Open Market Committee (FOMC) member Michelle Bowman’s speech US crude oil […]
The USDJPY is strengthening amid ongoing uncertainty around the BoJ’s future actions. Read more in our USDJPY analysis for today, 2 October 2024. USDJPY forecast: key trading points Japan’s Economy Minister, Ryosei Akazawa, urges caution on a rate hike Japan’s Tankan Large Producer Business Activity Index hits a two-year high Japan’s Consumer Confidence Index rises […]
USDJPY remains on the upside. Powell and Ishiba supported the USD. Read more in our USDJPY analysis for 1 October 2024. USDJPY forecast: key trading points The USDJPY pair has been ‘in the plus’ for the second consecutive day Powell’s comments have reinforced support for the US dollar USDJPY forecast for 1 October 2024: 144.47 […]
After trading in a sideways channel, the JP 225 stock index broke through its upper boundary and then changed the trend back to a downtrend. The forecast for the JP 225 index for the next week is negative. JP 225 forecast: key trading points Recent data: Manufacturing PMI was 49.7 in September Economic indicators: Manufacturing […]
Brent price failed to overcome the resistance level at 75.00 USD last week and turned downwards. The daily trend is downward, and the decline may continue – read about it in our Brent analysis for today, October 1, 2024. Brent forecast: key trading points US data: today, the market is waiting for the API oil […]
Falling Eurozone indices become a trigger for the euro weakening – read more in our analysis for 1 October 2024. EURUSD forecast: key trading points Eurozone Consumer Price Index (y/y) for September: previous value – 2.2%, forecasted – 1.8% ISM US Manufacturing PMI: previous value – 47.9, forecasted – 47.0 US Job Openings in the […]
The USDCHF exchange rate is strengthening and preparing to test the resistance level at 0.8525. Read more in our USDCHF analysis and forecast for October 1, 2024. USDCHF forecast: key trading points Fed chairman Jerome Powell’s statements about less drastic rate cuts support USDCHF The probability of a 50 basis points rate cut in November […]
The EURUSD rate is strengthening but remains at a strong resistance level of 1.1200. Read more in our analysis for 30 September 2024. EURUSD forecast: key trading points The Personal Consumption Expenditure (PCE) index rose by 0.1% in August, while the annual growth was 2.2% The Core PCE index increased by 0.1% month-on-month and 2.7% […]
GBPUSD continues to grow, with the pound needing to break out of the sideways channel. Read more in our GBPUSD analysis and forecast for today, 30 September 2024. GBPUSD forecast: key trading points GBPUSD is poised for further growth GBPUSD outlook remains subdued due to uncertainty surrounding the Bank of England’s next monetary moves GBPUSD […]
Here is a detailed weekly technical analysis and forecast for EURUSD, USDJPY, GBPUSD, AUDUSD, USDCHF, NZDUSD, and USDCAD for 30 September – 4 October 2024. EURUSD forecast The EURUSD pair is forming a broad consolidation range around the level of 1.1144, with expected growth to 1.1222. After reaching this level, a decline to 1.1144 (test […]