Tag: Roboforex
The US Tech stock index has fallen by more than 28% from its highest levels. The ongoing corrective rise does not suggest a reversal of the current downtrend. Therefore, the US Tech index forecast is negative, with further declines anticipated. US Tech forecast: key trading points Recent data: the US PPI index rose by 0.1% […]
XAUUSD quotes are testing the upper boundary of a triangle pattern, which may lead to a breakout. Find out more in our analysis dated 14 August 2024. XAUUSD forecast: key trading points Annual producer inflation slowed to 2.2% in July, approaching the Federal Reserve 2% target New data on easing US inflation supported expectations for […]
Meta Platforms (NASDAQ: META) stock is the only stock among the Magnificent Seven that did not fall after the release of its Q2 2024 report. The company showed robust performance over the past quarter. This article will provide a fundamental analysis of Meta Platforms, outlining its strengths and weaknesses and examining a forecast based on […]
For five consecutive trading sessions, the USDJPY rate has been constrained within a sideways range. Find out more in our analysis dated 14 August 2024. USDJPY forecast: key trading points The US Producer Price Index (PPI) increased by just 0.1% in July, falling short of forecasts Weak producer inflation data has reinforced expectations for an […]
The USDJPY rate is experiencing moderate gains. The US dollar has strengthened due to stable data. Find out more in our analysis dated 13 August 2024. USDJPY forecast: key trading points The USDJPY pair maintains its upward trajectory Investors overlook statistics supporting the JPY USDJPY forecast for 13 August 2024: 145.00 and 155.25 Fundamental analysis […]
Although the USDCHF rate is rising for the second consecutive session, it has yet to secure a position above the resistance level. Find out more in our analysis dated 13 August 2024. USDCHF forecast: key trading points Switzerland’s consumer confidence index increased to -32.4 points in July 2024 Retail sales in the Swiss economy fell […]
A decline in the eurozone’s indices may weaken the euro against the US dollar. Find out more in our analysis dated 13 August 2024. EURUSD forecast: key trading points Spain’s Consumer Price Index for July (y/y): previously at 3.4%, forecasted at 2.8% The ZEW economic sentiment index for the eurozone: previously at 43.7, forecasted at […]
The JP 225 stock index has been rising as part of a correction since the middle of last week after a sharp decline on 5 August. Since retail investors have a significant share in Japanese stocks, the JP 225 index forecast is negative. JP 225 forecast: key trading points Recent data: Japan’s producer price index […]
XAUUSD price remains elevated. Find out more in our XAUUSD analysis for today, 13 August 2024. XAUUSD forecast: key trading points Gold reaches new highs Demand for the asset increases amid general tensions XAUUSD forecast for 13 August 2024: 2126.62 and 2488.94 Fundamental analysis XAUUSD price declined to 2,462 USD per troy ounce on Tuesday […]
A positive USDA report may support the US dollar and drive further growth in the USDJPY rate. Find out more in our analysis dated 12 August 2024 USDJPY trading key points US Department of Agriculture (USDA) report on world agricultural supply and demand estimates A report on US federal budget execution: previously at -66.0 billion, […]