Tag: Roboforex
The EURUSD rate is undergoing a slight correction as traders prepare for the Fed chair’s speech. Find out more in our analysis dated 23 August 2024. EURUSD forecast: key trading points Markets expect the Federal Reserve chair to provide guidance on future US monetary policy actions Traders estimate a 25% likelihood of a 50-basis-point interest […]
Although XAUUSD’s price dropped below 2,500 USD as part of a correction on Thursday, the prospects for further growth remain. Find out more in our XAUUSD analysis for today, 23 August 2024. XAUUSD forecast: key trading points Market focus: market participants await today’s speech by Federal Reserve Chair Jerome Powell at the Jackson Hole Symposium […]
The USDJPY rate is rebounding from the support level after declining over the last four trading sessions. Find out more in our analysis dated 22 August 2024. USDJPY forecast: key trading points The release of the latest Federal Reserve meeting minutes signals a potential interest rate cut in the future Revised US employment data showed […]
Brent price has fallen for the fourth consecutive trading session, driven by weakening economic activity in China and negotiations in the Middle East. Find out more in our Brent analysis for today, 22 August 2024. Brent forecast: key trading points US statistics: EIA reports a 4.65-million-barrel drop in inventories Market focus: market participants are awaiting […]
The Australian dollar may benefit from the forecasted rise in unemployment and a decline in the US PMI. Find out more in our analysis dated 22 August 2024. AUDUSD forecast: key trading points Australia’s manufacturing PMI: previously at 47.5, currently at 48.7 Australia’s services PMI: previously at 50.4, currently at 52.2 US services PMI: previously […]
The EURUSD pair has skyrocketed to levels last seen in December 2023. The US dollar remains under tremendous pressure. Find out more in our analysis dated 22 August 2024. EURUSD forecast: key trading points The EURUSD pair continues its rally The US dollar weakens rapidly amid the dovish tone of the Federal Reserve and mixed […]
XAUUSD price continued its surge on Tuesday, reaching a new annual and all-time high of 2,532 USD. Today, the market’s focus is on the release of the Federal Reserve minutes. Find out more in our XAUUSD analysis for today, 21 August 2024. XAUUSD forecast: key trading points Market focus: market participants await the release of […]
Declining US crude oil stocks and the upcoming FOMC minutes release may further strengthen the euro. Find out more in our analysis dated 21 August 2024. EURUSD forecast: key trading points Germany’s 10-year government bond auction: previously at 2.43% US crude oil inventories: previously at 1.357 million barrels, projected to decrease by 2.000 million The […]
The USDCAD rate has declined for the fourth consecutive session, with buyers holding the rate above the key 1.3600 support level. Find out more in our analysis dated 21 August 2024. USDCAD forecast: key trading points Inflation in Canada eased to 2.5% in July, reaching three-year lows Canada’s unemployment rate remains at 6.4%, marking the […]
Following the release of the Q2 2024 report on 24 July, Ford Motor Co. (NYSE: F) shares declined by 18%. The decline continued the next day. The company’s financial performance disappointed investors as it failed to meet expectations, especially in light of a more robust report from the competitor, General Motors Company (NYSE: GM), published […]