The EURUSD pair remains stable at around 1.0510 on Tuesday. The market seeks signals from the Federal Reserve. Find out more in our analysis for 17 December 2024. EURUSD forecast: key trading points The EURUSD pair consolidates ahead of the Federal Reserve’s decision Investors are keen to know how the regulator will act in 2025 […]
The JP 225 stock index is experiencing upward momentum on the chart. Last week, the quotes rose above the 40,000.0 level but failed to consolidate there, subsequently entering a correction. The JP 225 forecast for next week is moderately negative. JP 225 forecast: key trading points Recent data: the Jibun Bank Japan manufacturing PMI rose […]
The USDJPY rate is slightly correcting, with buyers targeting a breakout above the 154.25 resistance level. Find out more in our analysis for 17 December 2024. USDJPY forecast: key trading points USDJPY continues to rise due to pressures on the yen caused by expectations that the Bank of Japan will maintain its current interest rate […]
A rise in US industrial production and retail sales could drive the USDCHF rate up to 0.9040. More details in our analysis for 17 December 2024. USDCHF forecast: key trading points SECO economic forecasts for Switzerland US retail sales (m/m): previously 0.4%, projected at 0.6% US industrial production (m/m): previously -0.29%, projected at 0.10% USDCHF […]
Brent is trading within a broad sideways range between 70.00 USD and 76.00 USD, with prices currently hovering around 73.00 USD. Growth to its upper boundary is likely soon. Discover more in our Brent analysis for today, 17 December 2024. Brent forecast: key trading points Current trend: trading within a broad sideways range Market focus: […]
Amid a speech by the ECB President, the EURUSD rate may decline to 1.0414 following a correction. Discover more in our analysis for 16 December 2024. EURUSD forecast: key trading points ECB President Christine Lagarde will deliver a speech US manufacturing PMI: previously 49.7, projected at 49.4 US services PMI: previously 56.1, projected at 55.7 […]
The USDJPY pair rose to 153.77 at the start of the week as investors bet on the Bank of Japan’s indecision. Find out more in our analysis for 16 December 2024. USDJPY forecast: key trading points The USDJPY pair continues its rally Investors believe that the Bank of Japan will refrain from raising the interest […]
The US 500 stock index is poised for new highs again after a slight 1.0% decline. Discover more in our US 500 price forecast and analysis for next week, 23-27 December 2024. US 500 forecast: key trading points Recent data: the Consumer Price Index (CPI) came in at 2.7% year-on-year Economic indicators: the CPI reflects […]
Here is a detailed weekly technical analysis and forecast for EURUSD, USDJPY, GBPUSD, AUDUSD, USDCHF, NZDUSD, and USDCAD for 16-20 December 2024. EURUSD forecast The EURUSD pair has rebounded downward from the 1.0629 level and declined to 1.0452. A consolidation range is anticipated to form around this level, with a downward breakout potentially extending the […]
The GBPUSD rate is correcting after rebounding from the 1.2615 support level. Find out more in our analysis for 16 December 2024. GBPUSD forecast: key trading points The US dollar is losing ground ahead of the Federal Reserve’s decision, with the market estimating the likelihood of a 25-basis-point interest rate cut at 97.1% Weak economic […]