Tag: Roboforex
The EURUSD pair has been rising for the third consecutive trading day. Investors are awaiting a 50-basis-point Federal Reserve interest rate cut. Find out more in our analysis for 16 September 2024. EURUSD forecast: key trading points The EURUSD pair rose steadily The US Federal Reserve meeting will be the main event of the week […]
Here is a detailed weekly technical analysis and forecast for EURUSD, USDJPY, GBPUSD, AUDUSD, USDCHF, NZDUSD, and USDCAD for 16-20 September 2024. EURUSD forecast The EURUSD pair offers to consider the first downward wave towards 1.1002. The second corrective wave is forming, with the target at 1.1111, potentially extending to 1.1128. A triangle technical pattern […]
The US 500 stock index rose by 4.30% from its local lows last week, driven by lower US inflation growth. The US 500 forecast for next week is moderately optimistic. US 500 forecast: key trading points Recent data: CPI rose by 0.2% in August Economic indicators: a surge in inflation was the main reason for […]
Improving UK house price index and US manufacturing index figures support the British pound. Discover more in our analysis for 16 September 2024. GBPUSD forecast: key trading points The Rightmove UK house price index (y/y): previously at -1.5%, currently at 0.8% NY Empire State Manufacturing Index (US): previously at -4.7 points, currently at -4.1 GBPUSD […]
The USDJPY rate has been declining for the third consecutive trading session. Discover more in our analysis for 16 September 2024. USDJPY forecast: key trading points The USDJPY rate reached its annual low amid expectations of tougher Federal Reserve action The Fed meeting on 17-18 September will be the key event of the week, with […]
Declining industrial production in Europe and the Eurogroup meeting do not affect the strengthening of the euro against the US dollar. Discover more in our analysis for 13 September 2024. EURUSD forecast: key trading points The eurozone’s industrial production in August (m/m): previously at -0.1%, projected at -0.6% The Eurogroup meeting The University of Michigan […]
The US 30 stock index ended Thursday’s trading session with gains after the release of US consumer inflation data. However, the stock market will remain under pressure until the Federal Reserve cuts the interest rate. For this reason, the US 30 forecast for next week is negative. US 30 forecast: key trading points Recent data: […]
The NZDUSD rate is correcting after rising by 0.9% yesterday, with buyers attempting to gain a foothold above the resistance level. Find out more in our analysis for 13 September 2024. NZDUSD forecast: key trading points Annual inflation in New Zealand eases to 0.4% as fruit and vegetable prices fall by 12.2% BusinessNZ PMI increased […]
The USDJPY pair continues to fall. The Japanese yen has risen to new highs. Find out more in our analysis for 13 September 2024. USDJPY forecast: key trading points The USDJPY pair declines rapidly The yen receives support from the Bank of Japan’s hawkish statements USDJPY forecast for 13 September 2024: 139.70 and 137.77 Fundamental […]
XAUUSD price exited a sideways range yesterday, subsequently surpassing an all-time high of 2,532 USD. Gold may continue its ascent. Find out more in our XAUUSD analysis for today, 13 September 2024. XAUUSD forecast: key trading points Market focus: market participants await US statistics today, with the Michigan consumer sentiment index scheduled for release Current […]