Tag: Roboforex
The GBPUSD is falling for the second consecutive session. Read in the analysis for 24 July 2024 how the upcoming Bank of England’s decision may affect the pound. GBPUSD trading key points The BoE may have three interest rate cuts in 2024 The first decision on interest rates will be announced at the Monetary Policy […]
Speeches by ECB and FOMC officials may trigger a further decline. For a detailed analysis, please refer to our forecast dated 24 July 2024. EURUSD trading key points The eurozone’s manufacturing PMI: previously at 45.8, forecasted at 46.0 US manufacturing PMI: previously at 51.6, forecasted at 51.7 The Eurogroup meeting A Speech by European Central […]
The US Tech stock index tumbled by 6.4% after reaching an all-time high. The quotes broke below the 21,160.0 support level and the uptrend’s support line. US Tech trading key points Recent data: net interest payments on the US national debt relative to GDP exceeded 3.5% Economic indicators: the need to reduce the debt burden […]
Brent crude oil prices are declining for the fifth consecutive trading session. Read about it in the analysis for 24 July 2024. Brent trading key points The market awaits EIA data: inventories are expected to have increased by 0.70 million barrels Brent forecast for 24 July 2024: 82.80 and 76/80 Fundamental analysis Brent continues to […]
The NZDUSD pair has fallen for the fourth consecutive trading session, pressured by the strong US dollar and China’s declining economy. NZDUSD trading key points Negative signals from China work as pressure factors It is difficult for the NZD to withstand pressure from the US dollar NZDUSD price targets: 0.5948 and 0.5907 Fundamental analysis The […]
The EURUSD rate slightly rose on Tuesday, 23 July 2024, trading above the key support level of 1.0875. EURUSD trading key points The ECB’s decision to keep interest rates unchanged and Lagarde’s remarks about a “wide open” September meeting continue to support the euro Eurozone, Germany, and France PMIs are expected to improve, and consumer […]
The USDJPY analysis for 23 July 2024 indicates that the yen continues to strengthen in anticipation of the decision on interest rate changes in July. USDJPY trading key points US existing home sales (June): previously at 4.11M, forecasted at 3.99M USDJPY price targets: 158.28, 154.80, and 154.66 Fundamental analysis The yen continues to strengthen against […]
The JP 225 stock index declined by 7% immediately after reaching a new all-time high. However, the support level of the uptrend has not yet been breached. JP 225 trading key points Recent data: Japan’s CPI consumer inflation reached 2.8% year-over-year in June Economic indicators: rising inflation amid a weakening yen is prompting the Bank […]
Gold prices are declining after reaching an all-time high of 2,483 USD per troy ounce. XAUUSD trading key points Market focus: market participants are awaiting US GDP growth data for Q2 2024 on Thursday Price dynamics: a sharp increase in volatility can be expected following the release of Thursday’s US GDP data Current trend: a […]
The USDJPY rate declines on Monday morning, 22 July 2024, after a two-day growth. The current USDJPY exchange rate is 156.55. USDJPY trading key points Japan’s inflation continues to rise The Bank of Japan is expected to raise interest rates next week USDJPY price targets: 158.28, 154.80, and 154.66 Fundamental analysis The Japanese yen is […]