Tag: Roboforex
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 […]
The release of Switzerland’s CPI and GDP data and the US PMI data may help the US dollar strengthen its position. This analysis, dated 3 September 2024, focuses on the USDCHF forecast, providing insights, signals, and predictions based on current news and market outlook. USDCHF forecast: key trading points Switzerland’s Consumer Price Index (m/m) for […]
The USDJPY rate is undergoing a correction after rising for four trading sessions. This analysis, dated 3 September 2024, delves into the key factors influencing the USDJPY forecast, including market signals, news updates, and technical outlook. USDJPY forecast: key trading points The market focuses on the upcoming US employment report US nonfarm payrolls are projected […]
One of the primary sources of panic on 5 August was a decline in Japanese stocks: the JP225 index closed with a loss of 12.4%. However, it is now actively recovering, with quotes rising by 28.8% from their lows. JP 225 forecast: key trading points Recent data: manufacturing PMI reached 49.8 Economic indicators: the manufacturing […]
Brent’s price is moving within a broad sideways range while a triangle pattern is forming on the chart. As we move through 3 September 2024, market participants are closely watching for key signals that may influence the price direction in the coming days. This Brent analysis provides a detailed outlook, incorporating the latest news and […]