Tag: Roboforex
The USDCAD pair fell to a six-month low, primarily driven by the weakness of the US dollar. However, current developments are not particularly favourable for the Canadian dollar either. Find out more in our analysis dated 28 August 2024. USDCAD forecast: key trading points The USDCAD continues to decline Investors await Friday’s GDP data from […]
The US Tech stock index is correcting after an impressive rise, reaching the 20,000.0 mark. Overall, the US stock market feels confident now, so the US Tech index forecast remains positive, with further growth expected following the correction. US Tech forecast: key trading points Recent data: NVIDIA Corporation releases its Q2 earnings report today Market […]
The XAUUSD price has been trading above 2,500 USD since the beginning of the week but has yet to hit a new all-time high of 2,532 USD. Tomorrow, the market will focus on US GDP data. Find out more in our XAUUSD analysis for today, 28 August 2024. XAUUSD forecast: key trading points Market focus: […]
The EURUSD rate declined after unsuccessful attempts to rise above 1.1200. Find out more in our analysis dated 28 August 2024. EURUSD forecast: key trading points Investor confidence in a 50-basis-point Federal Reserve interest rate cut grows The preliminary Q2 US GDP estimate is expected to show an increase of 2.8% The core Personal Consumption […]
Despite the boycott of McDonald’s Corp (NYSE: MCD) in the Middle East, a decrease in net income, and reserved expectations for Q3 2024, the company’s stock price is approaching an all-time high. McDonald’s business model once again proves its effectiveness. This article covers the company’s revenue streams, its growth potential, and a technical analysis of […]
The USDJPY rate is undergoing a slight correction for the second consecutive trading session. Find out more in our analysis dated 27 August 2024. USDJPY forecast: key trading points BoJ Governor Kazuo Ueda hints at possible monetary policy revision Federal Reserve Chair Jerome Powell emphasises the need to adjust monetary policy due to employment market […]
The JP 225 index rose again after the close of trading on Monday – this time by 0.72%. Growth may continue amid the strengthening of the shipbuilding and financial sectors. JP 225 forecast: key trading points Japan’s Corporate Services Price Index (CSPI), y/y: previously at 3.1, currently at 2.8% The Bank of Japan’s Core Consumer […]
The Swiss franc may lose ground amid rising consumer confidence in the US. Find out more in our analysis dated 27 August 2024. USDCHF forecast: key trading points The non-seasonally adjusted US composite home price index S&P/CS Composite-20, y/y: previously at 6.8%, projected at 6.2% The CB US consumer confidence index: previously at 100.3, projected […]
Brent price is experiencing steady growth, surpassing 80.00 USD per barrel; today, the focus is on the API oil stock data. Find out more in our Brent analysis for today, 27 August 2024. Brent forecast: key trading points US data: the market awaits the API US oil inventory statistics today Brent forecast for 27 August […]
The EURUSD pair rises after a correction, with external factors that may affect risk appetite. Find out more in our analysis dated 27 August 2024. EURUSD forecast: key trading points The EURUSD pair resumed growth The market anticipates a 25-basis-point interest rate cut in September EURUSD forecast for 27 August 2024: 1.1150, 1.1118, and 1.1098 […]