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Wednesday, October 9, 2024
According to the EURUSD analysis for 9 October 2024, the EURUSD rate is highly likely to continue declining, primarily driven by strong US labour market data, which raises doubts about further Federal Reserve rate cuts at the end of the year.
The USDCAD rate has risen for the sixth consecutive trading session, breaking above the 1.3625 resistance level. Find out more in our analysis for 9 October 2024.
The XAUUSD price continues to correct downwards following Friday’s positive US labour market data release. Today’s market focus is on the Fed meeting minutes. Our XAUUSD analysis for today, 9 October 2024, provides further details and insights.
Micron’s Q4 2024 revenue surged by 93%, and the company’s management expects further growth. This development drove Micron’s stock up by 18%, potentially marking the beginning of a new uptrend.
The USDJPY pair has been holding in a range for the third day. Investors are cautious. Find out more in our analysis for 9 October 2024.
Tuesday, October 8, 2024
The JP 225 stock index is again trading within a sideways channel between the current resistance and support levels without a clear trend. The JP 225 forecast for next week is pessimistic.
The USDCHF pair declined after last week’s rise. The market is moving out of its overbought status. Find out more in our analysis for 8 October 2024.
The EURUSD rate rose after rebounding from the 1.0955 support level. More details and insights are available in our EURUSD analysis for today, 8 October 2024.
The USDJPY pair is starting to undergo a correction as the US dollar appears overvalued. Find out more in our analysis for 8 October 2024.
Brent prices surged to 81.00 USD amid increasing tensions in the Middle East. Growth may continue after a minor correction. Find out more in our Brent analysis for today, 8 October 2024.
Monday, October 7, 2024
Here is a detailed weekly technical analysis and forecast for EURUSD, USDJPY, GBPUSD, AUDUSD, USDCHF, NZDUSD, and USDCAD for 7 - 11 October 2024.
The GBPUSD rate is approaching a crucial support level of 1.3035. Read more in our analysis for 7 October 2024.
The USDJPY rate is approaching the 149.35 resistance level amid uncertainty regarding the BoJ policy. Discover more in our analysis for 7 October 2024.
The US 500 stock index closed with gains last Friday following the release of strong US labour market data. The US 500 forecast for next week is moderately positive.
XAUUSD price is moderately correcting downwards after Friday’s positive US employment market data release, while a triangle pattern continues forming on the chart. Read our XAUUSD analysis for today, 7 October 2024, for more detailed insights.
The EURUSD pair continues to decline, with the market increasingly favouring the US dollar. Find out more in our analysis for 7 October 2024.