Tag: Roboforex
The EURUSD rate is slightly rising after rebounding from the 1.0830 support level. Will the US dollar strengthen? Find out in our analysis dated 26 July 2024. EURUSD trading key points US GDP rose by 2.8% year-over-year in Q2 Germany’s Ifo Business Climate Index fell to 87 points Traders focus on US inflation data EURUSD […]
The US 30 stock index corrected by 3.85% after reaching a new all-time high, although the potential for further growth remains. However, market participants have likely already factored in a potential interest rate cut by the US Federal Reserve. US 30 trading key points Recent data: US Q2 GDP rose by 2.8% year-over-year, while analysts […]
Brent prices halted their decline and are forming a local upward reversal. Find out more in our analysis dated 26 July 2024. Brent trading key points US data: Q2 GDP exceeded forecasts Brent forecast for 26 July 2024: 80.00 and 82.80 Fundamental analysis Brent’s price halted its two-week decline within a downward correction, finding support […]
The AUDUSD pair halted its decline. The AUD rate experienced its worst week since November. For a detailed analysis, please refer to our forecast dated 26 July 2024. AUDUSD trading key points AUD has been falling for 9 consecutive sessions The RBA will make efforts to prevent an economic recession AUDUSD forecast for 26 July […]
The EURUSD pair continues to decline. Investors are awaiting the Federal Reserve’s decision on monetary policy easing. For a detailed analysis, please refer to our forecast dated 25 July 2024. EURUSD trading key points The EURUSD pair is falling due to the strength of the US dollar The Federal Reserve is expected to provide clarity […]
The USDCAD pair continues to rise following a reduction in Canadian interest rates. Positive US data may cause the Canadian dollar to lose ground further. Find out more in our analysis dated 25 July 2024. USDCAD trading key points Canada’s average weekly earnings (y/y) in May: previously at 3.69% Canada’s manufacturing sales (m/m): previously at […]
The USDJPY rate has declined by over 0.75% today. The analysis dated 25 July 2024 outlines the main reasons for the Japanese yen’s strengthening. USDJPY trading key points The USDJPY pair has reached multi-month lows Japan’s business activity is growing but unevenly The market anticipates changes in the Bank of Japan’s policy USDJPY forecast for […]
The DE 40 stock index has breached the support level of the uptrend that began last week. A new sideways channel is likely to form. DE 40 trading key points Recent data: Germany’s composite PMI reached 48.7 points, falling short of economists’ forecast of 50.6 Economic indicators: these indicators show that the German manufacturing sector […]
Gold prices are falling, as they cannot hold above 2,400 USD. Market participants await today’s release of US GDP data. Find out more in our analysis dated 25 July 2024. XAUUSD trading key points Market focus: the market awaits US Q2 GDP data release today Current trend: a downward correction is underway following an all-time […]
The USDJPY pair continues to decline. The market believes the Bank of Japan will raise interest rates next week. USDJPY trading key points JPY is rising amid expectations of an interest rate hike The Bank of Japan may raise the borrowing cost as early as next week USDJPY forecast for 24 July 2024: 156.60, 157.33, […]