Tag: Roboforex
The GBPUSD rate is slightly correcting after rising for seven consecutive trading sessions. Find out more in our analysis dated 26 August 2024. GBPUSD forecast: key trading points The GBPUSD rate has reached the highest level in the past two years Federal Reserve Chair Jerome Powell signalled an imminent interest rate cut The market responded […]
Here is a detailed forecast for EURUSD, USDJPY, GBPUSD, AUDUSD, USDCHF, NZDUSD, and USDCAD for 26-30 August 2024 EURUSD forecast The EURUSD pair has reached the growth wave’s local target of 1.1200. The forecast suggests that a consolidation range could form at the current highs. If the price breaks below this range, it could signal […]
Declining euro indicators and improving financial climate in the US may lead to a correction in the EURUSD pair. Find out more in our analysis dated 26 August 2024. EURUSD forecast: key trading points Germany’s business expectations index: previously at 86.9, projected at 86.5 The IFO business climate index for Germany: previously at 87.0, projected […]
The US 500 index is testing the resistance level for the fourth trading session. Find out more in our US 500 forecast for next week. US 500 forecast: key trading points The US 500 index is testing the resistance level for the fourth consecutive trading session, indicating pressure from sellers Jerome Powell emphasised the need […]
The USDJPY pair is declining, pressured by the Federal Reserve’s soft tone. The Fed is expected to ease monetary policy in September. Find out more in our analysis dated 26 August 2024. USDJPY forecast: key trading points The USDJPY pair dipped to a three-week low The Bank of Japan’s tight stance and the Fed’s dovish […]
XAUUSD price closed the previous week above 2,500 USD, exhibiting a steady uptrend driven by fundamental factors. Find out more in our XAUUSD analysis for today, 26 August 2024. XAUUSD forecast: key trading points Market focus: gold reached a new all-time high of 2,532 USD last week Current trend: gold is trading in a strong […]
The USDJPY pair continues to decline following Kazuo Ueda’s statements on the interest rate hike in Japan. In contrast, the Federal Reserve is considering lowering interest rates. Find out more in our analysis dated 23 August 2024. USDJPY forecast: key trading points Japan’s national Consumer Price Index (CPI), m/m: previously at 0.3%, currently at 0.2% […]
The DE 40 stock index is actively rising after a downward correction, supported by a consistent increase in leading US stock indices. DE 40 forecast: key trading points Economic indicators: the German economy largely depends on the manufacturing sector, as the services sector holds a smaller share Market impact: the revival of the automotive industry […]
The US 30 index has experienced local pressure. The market is conserving its strength ahead of Powell’s speech at Jackson Hole. Find out more in our US 30 forecast for next week. US 30 forecast: key trading points US 30 still has growth potential Investors are eagerly waiting for the Federal Reserve’s comments at the […]
The NZDUSD pair remains in a strong position. The market continues to disfavour the US dollar. Find out more in our analysis dated 23 August 2024. NZDUSD forecast: key trading points The NZDUSD pair is rising for the fourth consecutive week Investors anticipate RBNZ interest rate cuts in October and November NZDUSD forecast for 23 […]