Tag: Roboforex
XAUUSD price is again approaching an all-time high of 2,532 USD, which has already restrained price growth several times. Market participants are focusing on US inflation data. Find out more in our XAUUSD analysis for today, 11 September 2024. XAUUSD forecast: key trading points Market focus: market participants are awaiting US inflation statistics today Current […]
The USDJPY rate fell below the annual low following the BoJ official’s speech. Find out more in our analysis for 11 September 2024. USDJPY forecast: key trading points BoJ Policy Board member Junko Nakagawa announced further interest rate hikes if inflation remains at the projected level The expected US consumer price index report may show […]
The US consumer price index at last year’s level and the rest of the fundamental data package may further drive the USDCAD pair. Discover more in our analysis for 11 September 2024. USDCAD forecast: key trading points The Thomson Reuters/Ipsos primary consumer sentiment index in Canada (PCSI): previously at 50.06 The US consumer price index […]
The USDJPY pair has halted its rise and is consolidating. Investors have a busy week ahead. Find out more in our analysis for 10 September 2024. USDJPY forecast: key trading points The USDJPY halted its ascent The market is still betting on a decisive monetary policy tightening by the Bank of Japan USDJPY forecast for […]
After recovering by 28.78%, the JP 225 stock index failed to break above the 39,290.0 resistance level. The JP 225 forecast is negative. JP 225 forecast: key trading points Recent data: Japan’s GDP grew by 2.9% year-over-year in Q2 2024 Economic indicators: GDP growth rates reflect the overall state of the Japanese economy Market impact: […]
Brent’s price continues to decline within the downtrend, forming a triangle pattern on the chart. The market will focus on the US API crude oil stock change data today. Find out more in our Brent analysis for today, 10 September 2024. Brent forecast: key trading points US data: the market is awaiting the API oil […]
Economic forecasts for the European Union could support the euro, with the speech by FOMC member Michelle Bowman likely to shed light on the Federal Reserve interest rates. Find out more in our analysis for 10 September 2024. EURUSD forecast: key trading points Germany’s consumer price index (CPI) (m/m): previously at 0.3%, projected at -0.1%, […]
The USDCHF rate is slightly correcting but remains within a descending channel. Discover more in our analysis for 10 September 2024. USDCHF forecast: key trading points Traders’ focus remains on crucial US inflation data due on Wednesday and Thursday A potential interest rate cut at the upcoming Federal Reserve meeting will depend on incoming economic […]
With Japan’s Q2 GDP slightly rising and consumer spending moving into positive territory, all fundamental data supports the Japanese yen. Find out more in our analysis for 9 September 2024. USDJPY forecast: key trading points Japan’s Q2 GDP: previously at -0.6%, currently at 0.7% Japan’s GDP deflator (y/y): previously at 3.4%, currently at 3.1% Japan’s […]
The EURUSD rate is declining for the second consecutive session following the release of the US employment report. Find out more in our analysis for 9 September 2024. EURUSD forecast: key trading points US employment growth slowed as job gains in August were lower than expected The unemployment rate decreased to 4.2%, indicating improving employment […]