Tag: Roboforex
Gold (XAUUSD) experienced a reversal after attempting to break through the resistance at 2,670 USD. Today, market participants will shift their focus to the US labour market data from ADP, which could significantly impact the XAUUSD outlook. Read more in our analysis for today, 2 October 2024. XAUUSD forecast: key trading points Market focus: market […]
EURUSD is testing a four-week low. Investors are shying away from risk as tensions escalate. Read more in our detailed EURUSD forecast for 2 October 2024. EURUSD forecast: key trading points EURUSD declined sharply The US dollar is in demand as a safe-haven asset EURUSD forecast for 2 October 2024: 1.0982 Fundamental analysis The EURUSD […]
The reduction of the US Federal Reserve’s interest rate by 0.5% indicates that the country’s economy is slowing down, which could ultimately negatively impact the revenues of logistics companies. On 19 September 2024, FedEx Corp (NYSE: FDX) published a quarterly report that fell short of expectations, causing the company’s shares to fall by more than […]
The US Tech stock index is in an uptrend and is expected to reach new all-time highs. The forecast for US Tech next week is positive. US Tech forecast: key trading points Recent data: ISM Manufacturing PMI was 47.2% in September Economic indicators: the ISM Manufacturing PMI is an indicator of the manufacturing sector’s economic […]
Employment growth and changes in US crude oil inventories may significantly impact the USDCAD price. Read details in our USDCAD forecast for today, 2 October 2024. USDCAD forecast: key trading points ADP change in US nonfarm employment: previous reading 99,000; forecast 124,000 US Federal Open Market Committee (FOMC) member Michelle Bowman’s speech US crude oil […]
The USDJPY is strengthening amid ongoing uncertainty around the BoJ’s future actions. Read more in our USDJPY analysis for today, 2 October 2024. USDJPY forecast: key trading points Japan’s Economy Minister, Ryosei Akazawa, urges caution on a rate hike Japan’s Tankan Large Producer Business Activity Index hits a two-year high Japan’s Consumer Confidence Index rises […]
USDJPY remains on the upside. Powell and Ishiba supported the USD. Read more in our USDJPY analysis for 1 October 2024. USDJPY forecast: key trading points The USDJPY pair has been ‘in the plus’ for the second consecutive day Powell’s comments have reinforced support for the US dollar USDJPY forecast for 1 October 2024: 144.47 […]
After trading in a sideways channel, the JP 225 stock index broke through its upper boundary and then changed the trend back to a downtrend. The forecast for the JP 225 index for the next week is negative. JP 225 forecast: key trading points Recent data: Manufacturing PMI was 49.7 in September Economic indicators: Manufacturing […]
Brent price failed to overcome the resistance level at 75.00 USD last week and turned downwards. The daily trend is downward, and the decline may continue – read about it in our Brent analysis for today, October 1, 2024. Brent forecast: key trading points US data: today, the market is waiting for the API oil […]
Falling Eurozone indices become a trigger for the euro weakening – read more in our analysis for 1 October 2024. EURUSD forecast: key trading points Eurozone Consumer Price Index (y/y) for September: previous value – 2.2%, forecasted – 1.8% ISM US Manufacturing PMI: previous value – 47.9, forecasted – 47.0 US Job Openings in the […]
