Tag: Roboforex
The EURUSD pair continues its ascent, with the market awaiting a Federal Reserve interest rate cut and working against the US dollar. EURUSD trading key points Statistics signal an imminent Federal Reserve interest rate cut The ECB will keep the borrowing costs unchanged EURUSD price targets: 1.0880, 1.0840, and 1.0806 Fundamental analysis The EURUSD pair […]
The USDJPY rate slightly corrected on Thursday morning, 18 July 2024, following another decline wave. USDJPY trading key points Japan’s imports increased by 3.2% in June 2024, falling short of the forecasted 9.3% and 9.5% in May Japan’s exports rose by 5.4% in June 2024, below the forecast of 6.4%, marking the smallest gain in […]
The DE 40 stock index has remained in a sideways range for an extended period. The price breached its upper boundary at the end of last week, indicating a reversal to an uptrend. DE 40 trading key points Recent data: the ZEW indicator of economic sentiment fell to 41.8 in July from 47.5 in June […]
Gold continues to rise on Thursday, 18 July 2024, offsetting Wednesday’s correction. XAUUSD trading key points The Philadelphia Fed manufacturing index (US): previously at 1.3%, forecasted at 2.7% A speech by US Federal Open Market Committee (FOMC) official Mary C. Daly XAUUSD price targets: 2,434.84, 2,400.00, and 2,386.50 Fundamental analysis This week’s economic data showed […]
A decrease in the number of claims for unemployment benefits and a stable unemployment rate increase the chances of the British pound strengthening. GBPUSD trading key points UK average earnings (including May bonuses): previously at 5.9%, currently at 5.7% UK claimant count change: previously at 51.9 thousand, currently at 32.3 thousand UK unemployment rate (May): […]
The USDJPY pair has stabilised around monthly lows. Investors are wary of new currency interventions to support the yen. USDJPY trading key points The Tankan index showed improved business sentiment Investors are held back by expectations of new financial interventions USDJPY price targets: 150.00 and 154.55 Fundamental analysis The USDJPY pair is hovering around 158.35 […]
Brent crude oil prices fall on Wednesday, 17 July 2024, declining for the fourth consecutive trading session. Brent trading key points Declining demand in China: oil imports decreased to 46.45 million tons in June A slowdown in China’s GDP growth: GDP growth rates in Q2 fell to 4.7% Brent price targets: 85.90 and 87.72 Fundamental […]
The NZDUSD rate is rising on Wednesday, 17 July 2024, after rebounding from the support level. The price earlier reached a two-month low. NZDUSD trading key points New Zealand’s services PMI decreased to 40.2 points in June 2024 Consumer inflation in Q2 2024 fell to 3.3%, reaching the lowest level in three years Markets estimate […]
The US Tech stock index reached a new all-time high on the news of easing US inflation and corrected to 3%. Potential for further growth persists until the end of the week amid comments from US Federal Reserve Chair Jerome Powell. US Tech trading key points Recent data: US Federal Reserve Chair Jerome Powell said […]
The EURUSD pair is strengthening amid the eurozone’s news. US negative data will drive a further rise. EURUSD trading key points The eurozone’s core consumer price index (y/y): previously at 2.9%, forecasted at 2.9% The eurozone’s consumer price index (y/y): previously at 2.6%, forecasted at 2.5% US industrial production (m/m): previously at 0.9%, forecasted at […]