Market analysis
Welcome to your resource for expert market analysis and the latest financial market news. Here, you will find daily insights and market analysis articles designed to help you devise trading strategies and enhance your understanding of market trends. Our carefully curated content offers profound insights across diverse financial markets, including currencies, commodities, indices, and stocks, empowering you as a trader to make informed decisions at every step of your trading journey.
Friday, July 26, 2024
US 30 forecast next week: uptrend persists despite correction
The US 30 stock index corrected by 3.85% after reaching a new all-time high, although the potential for further growth remains. However, market participants have likely already factored in a potential interest rate cut by the US Federal Reserve.Brent price reversed upwards, receiving support at 80.00
Brent prices halted their decline and are forming a local upward reversal. Find out more in our analysis dated 26 July 2024.USDJPY declines; the yen awaits an interest rate decision
The USDJPY pair continues to decline in anticipation of an interest rate decision. The Bank of Japan’s leadership is considering the most suitable rate decision. Find out more in our analysis dated 26 July 2024.EURUSD: investors await inflation data
The EURUSD rate is slightly rising after rebounding from the 1.0830 support level. Will the US dollar strengthen? Find out in our analysis dated 26 July 2024.AUDUSD sell-offs have ended: investors await inflation data
The AUDUSD pair halted its decline. The AUD rate experienced its worst week since November. For a detailed analysis, please refer to our forecast dated 26 July 2024.
Thursday, July 25, 2024
DE 40 analysis: trend absent again amid Germany’s weak manufacturing PMI
The DE 40 stock index has breached the support level of the uptrend that began last week. A new sideways channel is likely to form.Gold (XAUUSD) fails to hold above 2,400 USD and declines again
Gold prices are falling, as they cannot hold above 2,400 USD. Market participants await today’s release of US GDP data. Find out more in our analysis dated 25 July 2024.USDCAD rises following Bank of Canada interest rate cut
The USDCAD pair continues to rise following a reduction in Canadian interest rates. Positive US data may cause the Canadian dollar to lose ground further. Find out more in our analysis dated 25 July 2024.USDJPY declines amid anticipation of Bank of Japan meeting
The USDJPY rate has declined by over 0.75% today. The analysis dated 25 July 2024 outlines the main reasons for the Japanese yen’s strengthening.EURUSD declines: the market favours the US dollar
The EURUSD pair continues to decline. Investors are awaiting the Federal Reserve’s decision on monetary policy easing. For a detailed analysis, please refer to our forecast dated 25 July 2024.
Wednesday, July 24, 2024
US Tech analysis: a downtrend has formed
The US Tech stock index tumbled by 6.4% after reaching an all-time high. The quotes broke below the 21,160.0 support level and the uptrend’s support line.Brent declined to 80.00, with the market focusing on EIA data today
Brent crude oil prices are declining for the fifth consecutive trading session. Read about it in the analysis for 24 July 2024.GBPUSD may weaken by year-end amid the BoE policy
The GBPUSD is falling for the second consecutive session. Read in the analysis for 24 July 2024 how the upcoming Bank of England’s decision may affect the pound.EURUSD continues to decline ahead of eurozone and US news
Speeches by ECB and FOMC officials may trigger a further decline. For a detailed analysis, please refer to our forecast dated 24 July 2024.USDJPY falls to a seven-week low
The USDJPY pair continues to decline. The market believes the Bank of Japan will raise interest rates next week.