Tag: Roboforex
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 […]
The US Tech index closed Tuesday’s trading session with a 0.35% decline. Ahead of the FOMC minutes release, the index may continue to correct before resuming its upward trend. US Tech forecast: key trading points The FOMC minutes release US initial jobless claims: previously at 227,000, projected at 233,000 Resistance: 19,777.7, Support: 17,260.0 US Tech […]
The USDJPY pair continues to decline, with sentiment towards the US dollar decreasing. Find out more in our analysis dated 21 August 2024. USDJPY forecast: key trading points The USDJPY pair weakens further Investors are focused on the upcoming decisions of the US Federal Reserve USDJPY forecast for 21 August 2024: 147.77, 150.55, and 156.00 […]
The JP 225 index is attempting to gain a foothold above the resistance level on Tuesday. Find out more in our analysis dated 20 August 2024. JP 225 forecast: key trading points Analysts forecast a fall in inflation in Japan, which may impact the BoJ’s decisions Released data on machinery orders and Q2 GDP growth […]
The USDJPY pair is attempting to regain ground after a decline. The Japanese prime minister elections are scheduled for 27 September. Find out more in our analysis dated 20 August 2024. USDJPY forecast: key trading points A speech by Federal Open Market Committee (FOMC) member Raphael W. Bostic A speech by Vice Chair for Supervision […]