Tag: Roboforex
The USDJPY pair completed a correction on 5 July 2024 following the release of Japan’s household spending index. The central bank is facing a challenging situation and is about to decide on an interest rate change. USDJPY trading key points Japan’s household spending index (y/y): currently at -1.8% compared to the previous reading of 0.5% […]
The US 30 stock index is trading with relatively low volatility amid expectations for employment market statistics. Although the quotes are in an uptrend, growth potential is limited: the support and resistance levels remained unchanged since last Friday. US 30 trading key points Recent data: continuing jobless claims increased to 1.86 million in the week […]
Gold price is steadily rising, with market participants focusing on today’s US employment market data – nonfarm payrolls and the unemployment rate. XAUUSD trading key points Current trend: gold is steadily rising after reaching a daily resistance level at 2,368 USD Market focus: today, market participants focus on US employment market data – nonfarm payrolls […]
The EURUSD rate has reached a three-week high following the release of the ECB meeting minutes. The current EURUSD rate is 1.0822. EURUSD trading key points Eurozone inflation remains above the 2% target US job growth is expected to slow down The likelihood of a Federal Reserve interest rate cut in September increased to 73% […]
On 19 March 2024, Chipotle Mexican Grill (NYSE: CMG) announced a 50-for-1 stock split scheduled for 25 June, one of the largest stock splits in NYSE history. Investors favoured this decision, with the stock price rising since 19 March, hitting new all-time highs. As scheduled, Chipotle successfully completed its split on 25 June, with the […]
Risk appetite is pushing up the EURUSD pair. US statistics came out mixed, providing no clear signals. EURUSD trading key points The ADP signal was neutral in June Today is a public holiday in the US, so activity will be lower EURUSD targets: 1.0730, 1.0680, 1.0555 EURUSD fundamental analysis The EURUSD pair has risen markedly […]
After consolidating, The US Tech index has breached the resistance level. It is heading towards a new all-time high, with the speech by Federal Reserve Chair Jerome Powell serving as a fundamental driver. US Tech trading key points Recent data: US core PCE inflation eased to 2.6% year-over-year in June Economic indicators: the US Federal […]
Investors expect the Swiss franc to continue losing ground, so the USDCHF pair continues its ascent. USDCHF trading key points Switzerland’s non-seasonally adjusted unemployment rate: currently at 2.4% compared to the previous reading of 2.4% Switzerland’s consumer price index (m/m, June): currently at 0.0% compared to the previous reading of 0.3% Switzerland’s consumer price index […]
The USDJPY rate is declining ahead of Friday’s US nonfarm payrolls report. USDJPY trading key points The Federal Reserve’s June meeting minutes confirm US economic slowdown The likelihood of a Federal Reserve interest rate cut in September increased to 68% from 56% Traders are awaiting the release of Friday’s US nonfarm payrolls report USDJPY targets: […]
The DE 40 index is in a downtrend after reaching an all-time high. By the end of this week, it will be clear how deeply the price can fall this time. DE 40 trading key points Recent data: Germany’s consumer inflation CPI in June eased to 2.2% year-over-year Economic indicators: decreasing price growth rates in […]