Tag: Roboforex
The DE 40 stock index hit a new all-time high despite weak economic indicators in Germany. The primary reason for such investor reaction is the expectation of an ECB key rate cut, which cannot be a long-term factor. DE 40 forecast: key trading points Recent data: the manufacturing PMI reached 42.4 points in August Economic […]
Brent’s price dipped below 75.00 USD, with the downward momentum likely to continue after a small correction. The market will focus on US data today: the EIA oil stock change and the ADP employment statistics. Find out more in our Brent analysis for today, 5 September 2024. Brent forecast: key trading points US data: the […]
US economic forecasts could not significantly impact the strengthening of the US dollar yet due to the expectation of a US interest rate decision. Find out more in our analysis for 5 September 2024. EURUSD forecast: key trading points A speech by a member of the Supervisory Board of the European Central Bank, Anneli Tuominen […]
The AUDUSD rate is stabilising following a speech by the RBA’s chief. Find out more in our analysis for 5 September 2024. AUDUSD forecast: key trading points The Australian dollar stabilised amid the RBA’s hawkish stance and positive foreign trade data Australia’s trade surplus reached a five-month high of 6.01 billion AUD The market expects […]
XAUUSD price fell below 2,500 USD on Tuesday but stayed above the significant 2,470-2,480 USD support area. The market will focus on US employment data on Thursday and Friday. Find out more in our XAUUSD analysis for today, 4 September 2024. XAUUSD forecast: key trading points Market focus: market participants await US employment statistics at […]
As NVIDIA Corp (NASDAQ: NVDA) is at the forefront of AI technology development, investors assess its performance to gauge the overall AI sector. On 28 August, NVIDIA released the Q2 2024 report, which showed stronger-than-expected results. This suggests that the AI boom is not over, and the company’s stock has growth potential. This article provides […]
The EURUSD rate is undergoing a slight correction after its decline yesterday. Find out more in our analysis for 4 September 2024. EURUSD forecast: key trading points The US manufacturing PMI remains below the critical 50-point level, confirming an economic slowdown The likelihood of a Federal Reserve 50-basis-point interest rate cut fell to 38% from […]
Following a recovery, the US Tech index resumed a downtrend, falling by 2.83% yesterday. The future US Tech forecast is negative. US Tech forecast: key trading points Recent data: the US manufacturing PMI rose to 47.2 points Economic indicators: the services sector has the largest share of US GDP; however, a decline in the manufacturing […]
A decrease in the US trade balance and the JOLTS job openings data may negatively impact the US dollar and strengthen the yen. Find out more in our analysis for 4 September 2024. USDJPY forecast: key trading points Japan’s services PMI: previously at 53.7, currently at 53.7 US trade balance: previously at -73.10 billion USD, […]
The USDCAD pair has been on an upward trend. The Canadian dollar is pressured by weak forecasts for commodity exports and currency inflows. Discover more in our analysis for 4 September 2024. USDCAD forecast: key trading points The USDCAD pair has strengthened markedly Falling Brent oil prices may negatively impact the Canadian economy USDCAD forecast […]