RBFX Support

GBPUSD: the pair reversed upwards, securing above 1.2300 The GBPUSD rate has established a local low on the price chart and is rising within an upward correction this week. Find out more in our analysis for 22 January 2025. GBPUSD technical analysis On the H4 chart, the GBPUSD pair is experiencing an upward correction after rebounding from the 1.2100-1.2140 support area, with the Alligator indicator pointing to growth. The daily trend remains downward, suggesting the price could continue to decline once the current correction is complete. The GBPUSD pair has risen above 1.2300 within the current upward correction. Read more - GBPUSD Forecast Attention! Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews. Sincerely, The RoboForex Team

USDJPY holds steady ahead of the Bank of Japan meeting The USDJPY pair is hovering around 155.80, with the market focus on the future BoJ interest rate decision. Discover more in our analysis for 22 January 2025. USDJPY forecast: key trading points The USDJPY pair is subdued, awaiting news The market forecasts a Bank of Japan interest rate hike at the upcoming meeting USDJPY forecast for 22 January 2025: 155.85 and 156.59 Fundamental analysis The USDJPY rate stands at 155.80 on Wednesday. The Japanese yen has paused its recent rally as investors conserve their strength for future movements. Market attention is focused on the upcoming Bank of Japan meeting this week. Supported by hawkish statements from certain monetary policymakers, baseline stock market expectations indicate that the BoJ will increase the interest rate. The rate hike would raise Japan’s short-term borrowing costs to 0.5%, marking the highest level since the 2008 financial crisis. The Bank of Japan meeting is more crucial than external events. The US dollar is in a weak position, as the excitement over trade tariffs and inflation stabilisation offers little support to the US currency. The USDJPY forecast appears neutral. RoboForex Market Analysis & Forex Forecasts Attention! Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews. Sincerely, The RoboForex Team

EURUSD rose and paused: trade tariffs are still a key concern The EURUSD quotes are hovering near 1.0391 on Tuesday. Trump’s first day in office has been eventful. Find out more in our analysis for 21 January 2025. EURUSD technical analysis The main near-term scenario on the EURUSD H4 chart suggests growth to 1.0433. It is worth monitoring the 1.0349-1.0377 channel. If the pair remains above its upper boundary, the likelihood of further price rises will increase. The EURUSD pair has rebounded following a local improvement in risk sentiment in capital markets. Read more - EURUSD Forecast Attention! Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews. Sincerely, The RoboForex Team

USDJPY is under pressure ahead of the BoJ decision The USDJPY rate is correcting, though the currency pair remains under pressure, with the price currently at 155.50. Discover more in our analysis for 21 January 2025. USDJPY forecast: key trading points The Japanese yen has strengthened for the second consecutive week, driven by market expectations of a BoJ interest rate hike The Bank of Japan officials have made hawkish statements, increasing confidence in monetary policy tightening Kazuo Ueda’s press conference is the market’s key event USDJPY forecast for 21 January 2025: 154.30 and 153.15 Fundamental analysis The USDJPY rate shows signs of growth after rebounding from the 154.90 support level. Nevertheless, the Japanese yen is strengthening for the second consecutive trading week amid rising expectations of a Bank of Japan interest rate hike. This was triggered by hawkish comments from the bank’s officials, which increased market confidence in monetary policy tightening. The Bank of Japan is expected to announce an interest rate hike on Friday, pushing short-term borrowing rates to 0.5%, the highest level since the global 2008 financial crisis. As the rate hike is almost inevitable, the market’s attention is turning to BoJ Governor Kazuo Ueda’s press conference. Investors will closely follow his comments to gain insight into the regulator’s future plans regarding the pace and timing of interest rate hikes. Japan’s inflation remains above the 2.0% target, with the weak yen continuing to pressure import prices. In this situation, Ueda will likely emphasise the regulator’s resolution to proceed with tightening monetary conditions to curb inflationary pressures. RoboForex Market Analysis & Forex Forecasts Attention! Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews. Sincerely, The RoboForex Team

USDCAD temporarily declines, but the CAD forecast remains bearish The USDCAD pair begins the week with a decline to 1.4448. This does not change the trend, but the market needs a pause. Find out more in our analysis for 20 January 2025. USDCAD technical analysis The USDCAD H4 chart shows that the price has declined over the last two periods, which is insufficient for a full correction. For the price to reach the intermediate support level at 1.4381, it must first break below 1.4403. The USDCAD pair has temporarily paused its growth, but its medium-term outlook remains unchanged. Read more - USDCAD Forecast Attention! Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews. Sincerely, The RoboForex Team

Gold (XAUUSD) continues to strengthen against the US dollar XAUUSD quotes continue to rise ahead of the US presidential inauguration. More details in our XAUUSD forecast for today, 20 January 2025. XAUUSD forecast: key trading points Today is a holiday in the US due to the Birthday of Martin Luther King Jr. The inauguration of US President Donald Trump Current trend: moving upwards XAUUSD forecast for 20 January 2025: 2,689 and 2,733 Fundamental analysis Today’s XAUUSD analysis shows that the pair is completing a correction and may start forming a new growth wave. As of 20 January 2025, Gold prices continue their upward momentum, reaching 2,700 USD per troy ounce. This rise is driven by persisting geopolitical tensions, especially given the recent developments in the Middle East and uncertainty in the global economy. The XAUUSD forecast for 20 January 2025 considers that amid Trump’s inauguration and some strengthening of the US dollar, XAUUSD prices may continue to grow. The outlook for the USD relative to Gold for the coming months does not look optimistic. Given the current trends and increased demand for the precious metal, gold prices may exceed 3,000 USD per troy ounce. RoboForex Market Analysis & Forex Forecasts Attention! Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews. Sincerely, The RoboForex Team

EURUSD: the pair could rise above the 1.0350 resistance level The EURUSD rate is experiencing an upward correction within a downtrend. The bulls failed to overcome the 1.0350 resistance level on their first attempt. More details in our analysis for 17 January 2025. EURUSD technical analysis On the H4 chart, the EURUSD pair is experiencing an upward correction after forming a local trough in the 1.0177-1.0200 support area. On Wednesday, the bulls attempted to overcome resistance at 1.0350 but encountered significant selling pressure and retraced, with the price currently consolidating slightly below 1.0300. The EURUSD pair failed to surpass the 1.0350 resistance level within its upward correction. Read more - EURUSD Forecast Attention! Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews. Sincerely, The RoboForex Team

Gold (XAUUSD) rises: the market favours buyers Gold (XAUUSD) prices have risen to 2,715 USD amid strengthening demand for safe-haven assets. Find out more in our analysis for 17 January 2025. XAUUSD forecast: key trading points Gold prices maintain their upward trajectory The market’s demand for safe-haven assets boosts interest in Gold as such XAUUSD forecast for 17 January 2025: 2,727 and 2,730 Fundamental analysis Gold (XAUUSD) quotes continue their ascent, reaching a monthly high of 2,715 USD. Two key factors are driving Gold prices upward. The first is the prospect of a US Federal Reserve interest rate cut larger than expected. This outlook became apparent following the release of this week’s economic data. The second factor is the heightened demand for safe-haven assets, as investors seek risk-averse strategies ahead of potential US White House measures to introduce stricter trade tariffs. The Gold (XAUUSD) forecast appears positive. RoboForex Market Analysis & Forex Forecasts Attention! Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews. Sincerely, The RoboForex Team

Brent consolidated above 81.00 USD Brent continues to rise steadily, with quotes surpassing the 81.00 USD level yesterday. More details in our analysis for 16 January 2025. Brent technical analysis After surging on Wednesday, Brent quotes are consolidating slightly above 81.00 USD today. The asset is trading in a strong uptrend on the daily chart, with the Alligator indicator below the price chart and directed upwards, confirming the asset’s current strengthening trend. Brent prices rose above 81.00 USD amid slowing inflation and reduced US crude oil reserves. Read more - Brent Forecast Attention! Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews. Sincerely, The RoboForex Team

USDJPY declines: the yen catches an opportunity in an attempt to strengthen The USDJPY pair is hovering around 155.76 on Thursday, marking the second day of decline, with the yen aggressive. Find out more in our analysis for 16 January 2025. USDJPY forecast: key trading points The USDJPY pair is rapidly declining on the currency market The market is receiving signals that the Bank of Japan is ready to raise the interest rate at the next meeting USDJPY forecast for 16 January 2025: 155.14 Fundamental analysis The USDJPY rate is rapidly falling, moving towards 155.76. The yen’s position improved significantly after comments from the Bank of Japan Governor Kazuo Ueda. The monetary policymaker said the regulator would discuss an interest rate hike next week based on its quarterly GDP and inflation forecasts. Ueda also noted that the political prospects for the new US administration and wage negotiations with trade unions in Japan are becoming key factors influencing the decision to raise borrowing costs. The very probability of a rate hike is important to the JPY. The USDJPY forecast is unfavourable. RoboForex Market Analysis & Forex Forecasts Attention! Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews. Sincerely, The RoboForex Team

USDJPY: expectations for a BoJ rate hike support the yen The USDJPY rate is falling, with bears poised to test the 156.85 support level. More details in our analysis for 15 January 2025. USDJPY technical analysis The USDJPY quotes are declining, forming a Wedge reversal pattern. Today’s USDJPY forecast suggests that the price could attempt to test the 158.45 resistance level before falling to 154.35. A bearish divergence on the Stochastic Oscillator provides an additional signal for a downward movement. The USDJPY rate is declining, driven by expectations for a BoJ interest rate hike, which supports the yen’s strengthening. Read more - USDJPY Forecast Attention! Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews. Sincerely, The RoboForex Team

GBPUSD: the pair may continue to decline after completing a correction The actual UK and US CPI data and the speeches of FOMC members may impact the GBP’s strength. Discover more in our analysis for 15 January 2025. GBPUSD forecast: key trading points The UK CPI for December: previously at 2.6%, projected at 2.6% The US CPI for December: previously at 0.3%, projected at 0.4% FOMC member Jeffrey Schmid will deliver a speech FOMC member John C. Williams will deliver a speech GBPUSD forecast for 15 January 2025: 1.2290 and 1.2100 Fundamental analysis The UK CPI reflects changes in consumer prices of goods and services, helping assess changes in buying trends and economic stagnation. A higher-than-forecast reading typically has a positive effect on the national currency. The forecast for 15 January 2025 suggests that the December 2024 CPI could remain unchanged from the previous reading of 2.6%; the projected reading may also be 2.6%. Fundamental analysis for 15 January 2025 shows that if the UK CPI remains flat compared to the previous period, this may add to positive factors for the British pound. The US CPI could rise to 0.4% in December 2024 from the previous reading of 0.3%. The index’s positive dynamics add optimism to the US dollar, which, in turn, may have a downward impact on the GBPUSD rate. Federal Reserve Bank of New York President and FOMC member John C. Williams is expected to deliver a speech today, 15 January 2025. Given his earlier statements, he will likely discuss the current economic situation, inflation trends, and possible directions of the Federal Reserve’s monetary policy. RoboForex Market Analysis & Forex Forecasts Attention! Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews. Sincerely, The RoboForex Team

Brent suspends growth: this is a pause ahead of new purchases Brent crude oil is stable at around 80.70 USD. The market is assessing demand and the impact of sanctions. Find out more in our analysis for 14 January 2025. Brent technical analysis Following steady growth, a local correction is developing on the Brent H4 chart. The Brent price forecast shows that its target is 79.00-79.15 USD. Once the overbought condition is realised, the market could see a buying impulse, with a retest of 81.02 USD as the first target. Brent rose to a three-month high and stabilised: investors need time to assess key drivers. Read more - Brent Forecast Attention! Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews. Sincerely, The RoboForex Team

Gold (XAUUSD) continues to rise after a correction The stabilising PPI and John C. Williams’s speech may weaken the US dollar and push Gold prices towards 2,692. Discover more in our XAUUSD analysis for today, 14 January 2025. XAUUSD forecast: key trading points US Producer Price Index (PPI): previously at 0.4%, projected to remain unchanged A speech by FOMC member John C. Williams Current trend: moving higher XAUUSD forecast for 14 January 2025: 2,692 and 2,658 Fundamental analysis Today’s XAUUSD analysis indicates that the pair is nearing the end of its correction and may soon begin a new upward movement. The US PPI is a key inflation indicator tracking the average price change for goods and services of domestic producers. It records price changes from the sellers’ perspective and covers three production sectors: manufacturing, commodities, and processing. The PPI is often regarded as a leading inflation gauge, as rising costs for production and services typically filter through to consumers. According to the forecast, US PPI data is expected to remain steady at 0.4%. Today, 14 January 2025, Federal Reserve Bank of New York President and FOMC member John C. Williams is expected to deliver a speech. Given his earlier statements, he will likely discuss the Federal Reserve’s current monetary policy and future actions. In December 2024, Williams noted the need to proceed with interest rate cuts, emphasising that these decisions will depend on incoming economic data and the current policy, which restrains positive economic momentum. He also stressed the importance of achieving the 2.0% inflation target and pointed out that while the Fed’s policy remains restrictive, it has successfully guided inflation towards this goal. In today’s speech, Williams will likely address the following issues: Assessment of current economic conditions and inflation trends The Federal Reserve’s future interest rate-cutting plans and the conditions required for these cuts The impact of the fiscal policy and other external factors on the US economy However, the specifics of his address will only become clear after his speech, which could significantly affect XAUUSD quotes. RoboForex Market Analysis & Forex Forecasts Attention! Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews. Sincerely, The RoboForex Team

Gold (XAUUSD) is rising amid demand: the market needs safe-haven assets Gold prices start the week at around 2,690 USD. Rising global risks are prompting investors to seek protection. Find out more in our analysis for 13 January 2025. GBPUSD technical analysis On the H4 chart, the primary near-term target for Gold (XAUUSD) is 2,700 USD. This level could be achieved if prices consolidate above 2,693 USD, with a further growth target set at 2,710 USD. Gold prices may continue to rise as demand for safe-haven assets strengthens. Read more - Gold Forecast Attention! Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews. Sincerely, The RoboForex Team