Tag: Roboforex
The USDJPY rate is experiencing moderate gains. The US dollar has strengthened due to stable data. Find out more in our analysis dated 13 August 2024. USDJPY forecast: key trading points The USDJPY pair maintains its upward trajectory Investors overlook statistics supporting the JPY USDJPY forecast for 13 August 2024: 145.00 and 155.25 Fundamental analysis […]
Although the USDCHF rate is rising for the second consecutive session, it has yet to secure a position above the resistance level. Find out more in our analysis dated 13 August 2024. USDCHF forecast: key trading points Switzerland’s consumer confidence index increased to -32.4 points in July 2024 Retail sales in the Swiss economy fell […]
A decline in the eurozone’s indices may weaken the euro against the US dollar. Find out more in our analysis dated 13 August 2024. EURUSD forecast: key trading points Spain’s Consumer Price Index for July (y/y): previously at 3.4%, forecasted at 2.8% The ZEW economic sentiment index for the eurozone: previously at 43.7, forecasted at […]
The JP 225 stock index has been rising as part of a correction since the middle of last week after a sharp decline on 5 August. Since retail investors have a significant share in Japanese stocks, the JP 225 index forecast is negative. JP 225 forecast: key trading points Recent data: Japan’s producer price index […]
XAUUSD price remains elevated. Find out more in our XAUUSD analysis for today, 13 August 2024. XAUUSD forecast: key trading points Gold reaches new highs Demand for the asset increases amid general tensions XAUUSD forecast for 13 August 2024: 2126.62 and 2488.94 Fundamental analysis XAUUSD price declined to 2,462 USD per troy ounce on Tuesday […]
A positive USDA report may support the US dollar and drive further growth in the USDJPY rate. Find out more in our analysis dated 12 August 2024 USDJPY trading key points US Department of Agriculture (USDA) report on world agricultural supply and demand estimates A report on US federal budget execution: previously at -66.0 billion, […]
The EURUSD rate is correcting; buyers hold the pair above the 1.0900 support level. Find out more in our analysis dated 12 August 2024. EURUSD trading key points Markets are preparing for the release of crucial US inflation data, which could influence the Federal Reserve’s further policy Annual core inflation is projected to fall to […]
After declining sharply, Brent crude oil continues to correct in anticipation of energy market forecasts from the OPEC and the International Energy Agency (IEA). Given political uncertainty in the Middle East, the Brent price forecast is moderately optimistic. Brent trading key points Recent data: Baker Hughes oil rig count reached 485 Economic indicators: the US […]
The US 500 stock index has formed a support level, but the trend remains downward. Given the weakening US employment market, the US 500 index forecast is negative. US 500 trading key points Recent data: initial jobless claims reached 233,000 Economic indicators: the US Federal Reserve is guided by employment market indicators in its decisions […]
The GBPUSD pair has risen for four consecutive trading days, improving market sentiment. Find out more in our analysis dated 12 August 2024. GBPUSD trading key points The GBPUSD pair is regaining ground The pace of monetary policy easing by the Bank of England will remain moderate GBPUSD forecast for 12 August 2024: 1.2870, 1.2640, […]