Tag: Roboforex
The GBPUSD pair is appreciating markedly; market sentiment is positive. The Bank of England is gathering additional arguments in favour of falling inflation. GBPUSD trading key points The GBPUSD pair reached new monthly highs The Bank of England needs additional data to evaluate the price environment GBPUSD price targets: 1.2777 and 1.2950 Fundamental analysis The […]
The EURUSD rate is undergoing correction on Friday, 12 July 2024, after surging on Thursday amid weak US inflation. EURUSD trading key points The US consumer price index (CPI) rose by 3% in June The likelihood of a Federal Reserve interest rate cut reached 90% EURUSD price targets: 1.0806 and 1.0940 Fundamental analysis The US […]
The USDJPY pair has declined, and investors continue to speculate whether this was driven by hidden financial intervention or unfavourable news from the US. USDJPY trading key points Thomson Reuters/Ipsos primary consumer sentiment index (PCSI) in Japan: previously at 37.69%, currently at 37.63% Japan’s industrial production (m/m): previously at -0.9%, currently at 3.6% CFTC JPY […]
The EURUSD pair is gradually rising. The market will be cautious ahead of the US CPI data release. EURUSD trading key points Investors are cautious in anticipation of US inflation data Core CPI is expected to remain unchanged EURUSD price targets: 1.0777 and 1.0888 Fundamental analysis The EURUSD pair regained strength and rose to 1.0836 […]
The USDJPY rate closely approached weekly highs on Thursday, 11 July 2024. The current USDJPY exchange rate is 161.68. USDJPY trading key points Uncertainty about the BoJ’s actions: traders awaiting a rate hike Japan’s machinery orders: unexpected decrease of 3.2% in May USDJPY price targets: 162.00 and 162.52 Fundamental analysis Intrigue regarding the pace of […]
The DE 40 stock index has been moving sideways for an extended period. The future trend will depend on the ECB’s decision regarding monetary policy and the key interest rate. DE 40 trading key points Recent data: German exports fell by 3.6% in May 2024, and imports decreased by 6.6% compared to April 2024 (adjusted […]
The NZDUSD pair continues to correct ahead of US news. Positive data will trigger a decline in the NZDUSD rate. NZDUSD trading key points New Zealand’s Food Price Index (FPI) (m/m): currently at 1.0% compared to the previous reading of -0.2% US consumer price index (CPI) in June (m/m): previously stood at zero, forecasted at […]
Gold prices are rising, with investors awaiting inflation data to understand the timing of the first Federal Reserve interest rate cut. XAUUSD trading key points Current trend: gold prices are increasing for the third consecutive day Market focus: the market awaits signals following yesterday’s release of the US CPI data XAUUSD price targets: 2417.00 and […]
The USDJPY pair is close to 38-year highs. The market doubts the Bank of Japan taking decisive action at its July meeting. USDJPY trading key points The US Federal Reserve is gathering data to lower interest rates The Bank of Japan is expected to decide on reducing bond purchases USDJPY price targets: 161.83, 162.00 Fundamental […]
The price continues a corrective wave ahead of the crude oil reserves data release. Negative data may trigger a new growth wave. Brent trading key points US crude oil reserves: forecasted at 0.700M, with a previous reading of -12.157M Excessive oil inventories in Cushing (Oklahoma, the US): the previous reading was 0.345M A speech by […]