Positive US macroeconomic data drives USDJPY upwards The USDJPY rate is rising amid increased business activity in the US. Find out more in our analysis dated 6 August 2024. USDJPY trading key points The US services PMI increased to 51.4 points, ...

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GBPUSD: a temporary rally following weak US data The GBPUSD rate is aggressively declining today after rising on Friday on weak US data. Find out more in our analysis dated 5 August 2024. The GBPUSD currency pair rose by over 0.5% on Friday due to a ...

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USDJPY reaches a new low for the year: a decline is just beginning The USDJPY pair is rapidly falling, with investors having three reasons for this. Find out more in our analysis dated 5 August 2024. USDJPY trading key points The USDJPY pair has ...

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NZDUSD is in positive territory: the market favours risk The NZDUSD pair has recovered quite well. The market is once again interested in risk. Find out more in our analysis dated 2 August 2024. The NZDUSD rate has noticeably recovered after its ...

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Brent crude oil is trading around 80.00 USD; focus on US employment market data today Brent price is consolidating within a limited range near 80.00 as market participants await US nonfarm payrolls and unemployment rate data. Find out more in the ...

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AUDUSD declines further following a correction The AUDUSD pair is falling despite improved trade balance and increased commodity price index. Find out more in our analysis dated 1 August 2024. The balance of trade reflects the difference between the ...

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Gold (XAUUSD) rises after the Fed’s meeting and comments from Chair Jerome Powell The XAUUSD price increased to 2,458 USD following the Federal Reserve’s interest rate decision and accompanying comments. Find out more in our XAUUSD analysis for ...

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USDCAD is correcting: investors await signals from the Federal Reserve and the Canadian economy The USDCAD rate is declining on Wednesday following a protracted rise amid expectations of the Federal Reserve’s decision and falling oil prices. Find ...

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USDJPY plummets: the market had been anticipating the BoJ’s decision The USDJPY pair is falling rapidly. The Bank of Japan has done its utmost to support the yen. Find out more in our analysis dated 31 July 2024. USDJPY trading key points The Bank ...

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USDCHF is poised for growth; the franc is retreating rapidly The USDCHF pair has been rising, with this trend persisting for the third consecutive day due to the strength of the US dollar. Find out more in our analysis dated 30 July 2024. The USDCHF ...

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EURUSD may decline further The EURUSD rate corrected on Tuesday following an aggressive decline a day earlier. Why does the market remain cautious? Find out more in the analysis dated 30 July 2024. EURUSD trading key points The market awaits the ...

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EURUSD continues to rise: risk appetite supports buyers The EURUSD pair is rising. The week begins quietly, with the US Federal Reserve meeting lying ahead. Find out more in our forecast dated 29 July 2024. The EURUSD pair climbs to 1.0859 on ...

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USDJPY falls: the market awaits BoJ interest rate hike The USDJPY rate is declining after rebounding from the 154.65 resistance level. Find out more about market expectations ahead of the BoJ and Federal Reserve meetings in our analysis dated 29 ...

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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. The AUDUSD pair has ...

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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. EURUSD trading key points US GDP rose by 2.8% ...

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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 ...

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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. EURUSD ...

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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. UK retail sales unexpectedly ...

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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. Brent trading key points The market awaits EIA data: ...

Market Fundamental Analysis by RoboForex

Gold (XAUUSD) is correcting after reaching a new all-time high Gold prices are declining after reaching an all-time high of 2,483 USD per troy ounce. Gold failed to hold near the all-time high of 2,483 USD reached last week. Buyers appear to have ...

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