RBFX Support

Gold (XAUUSD): the asset is consolidating ahead of a rise A potential rise in US inflation expectations offers hope for Gold to climb to 2,648. Discover more in our analysis for 20 December 2024. XAUUSD technical analysis On the XAUUSD H4 chart, prices formed a hammer reversal pattern after testing the Bollinger band’s lower line. They continue their ascent at this stage, following a reversal pattern signal. This trend could develop further since the quotes are moving within an ascending channel. Possible US inflation growth, combined with XAUUSD technical analysis, suggests that prices could rise to 2,648 USD after a correction. 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

The AUDUSD pair appears weak, but there are signals for recovery The AUDUSD pair declined to 0.6223, and recovering from the two-year low will not be easy. Find out more in our analysis for 20 December 2024. AUDUSD forecast: key trading points The AUDUSD pair remains at a two-year low The market is confident that the RBA is closer to an interest rate cut, which could happen as early as February 2025 AUDUSD forecast for 20 December 2024: 0.6239 and 0.6288 Fundamental analysis The AUDUSD rate fell to 0.6223 on Friday. The pair remains at a two-year low and appears relatively weak from a fundamental perspective. The market believes the Reserve Bank of Australia will soon be ready for its first rate cut amid slowing economic activity. The rate could be lowered as early as February 2025, with the current level at 4.35% per annum. The minutes of the RBA’s previous meeting, due in December, may provide further insights into these plans. Externally, the AUD remains under pressure from the strong US dollar. This driver became more influential after the Federal Reserve announced its cautious plans to lower the interest rate next year. 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 falls following the Federal Reserve’s statement, with the current price at 72.63 USD Brent oil is correcting near the key support level of 72.45 USD. Find out more in our analysis for 19 December 2024. Brent technical analysis Brent prices secured a position below the lower boundary of the Ichimoku Cloud, suggesting a downtrend. Today’s Brent forecast anticipates a minor bullish correction, with prices testing the Cloud’s lower boundary at 72.85 USD before falling to 71.00 USD. Brent prices are falling amid Federal Reserve statements about a slower pace of interest rate cuts in 2025, raising concerns about fuel demand. 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

EURUSD declines after Powell’s comments The EURUSD rate retreated sharply to 1.0350 following the US Federal Reserve meeting and subsequent comments from Jerome Powell. Find out more in our analysis for 19 December 2024. EURUSD forecast: key trading points The US Federal Reserve lowered the interest rate by 0.25% Stock markets are in negative territory, while the US dollar strengthens after the Fed’s decision EURUSD forecast for 19 December 2024: 1.0400 and 1.0330 Fundamental analysis The US Federal Reserve cut its benchmark interest rate by 25 basis points to 4.50% following its two-day meeting on 17-18 December. The decision was expected, but subsequent comments from the regulator’s chief and new economic forecasts adversely affected the stock market (the S&P 500 index fell by 3% at once), strengthening the US dollar against all other currencies. The US dollar strengthened mainly due to the Fed’s revision of its inflation outlook for 2024 and 2025. Inflation is projected to run at 2.4% at the end of 2024, up from 2.3% in the September release. The Federal Reserve expects inflation in 2025 to be 2.5%, up from 2.1% in the previous forecasts. At a press conference following the meeting, Federal Reserve Chair Jerome Powell noted that the Fed’s current policy does not negatively affect the economy, allowing the regulator to adopt a more cautious approach to future actions. The Fed wants to see a tangible slowdown in inflation before implementing the next rate cut. 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

GBPUSD declines ahead of the Fed’s interest rate decision The GBPUSD rate has corrected towards 1.2700 today after reaching a weekly high of 1.2730, with market participants anticipating the outcome of the US Federal Reserve meeting. Discover more in our analysis for 18 December 2024. GBPUSD technical analysis On the H4 chart, the GBPUSD pair shows local upward momentum after bouncing from the 1.2615 support level on Monday. The alligator indicator signals growth. The GBPUSD pair is moderately correcting downwards after reaching a local weekly high of 1.2730. 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

Gold (XAUUSD) remains within the range: the Fed is in the spotlight Gold (XAUUSD) is consolidating around 2,650 USD, with the market awaiting news from the Federal Reserve. Find out more in our analysis for 18 December 2024. XAUUSD forecast: key trading points Market focus: Gold (XAUUSD) remains flat without any news from the Federal Reserve Current trend: the asset’s prospects depend on the Federal Reserve signals for 2025 XAUUSD forecast for 18 December 2024: 2,690.00 and 2,735.25 Fundamental analysis Gold (XAUUSD) prices hover around 2,650 USD per troy ounce on Wednesday. Consolidation is a natural development ahead of today’s US Federal Reserve interest rate decision. The Fed’s December meeting will conclude this evening. The baseline scenario suggests a 25-basis-point Federal Reserve rate cut. The market will look for clues about how the Fed intends to act in 2025 amid multiple uncertainties around monetary policy and the country’s economy. Gold prices have risen 28% this year, which could be the highest annual gain since 2010 by the end of the year. This was primarily due to the Federal Reserve’s monetary policy easing, demand for safe-haven assets, and systematic purchases of Gold by global central banks. 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 awaits news: no one takes risks ahead of the Fed meeting 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 technical analysis The EURUSD H4 chart shows the market has completed a corrective structure, reaching 1.0533. Today, 17 December 2024, a new downward wave may develop, aiming for 1.0420. The EURUSD pair shows little movement ahead of the Federal Reserve meeting. 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

USDCHF: the Swiss franc continues to lose ground against the US dollar 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 forecast for 17 December 2024: 0.9040 Fundamental analysis Fundamental analysis for 17 December 2024 takes into account that Switzerland’s State Secretariat for Economic Affairs (SECO) will release updated economic growth forecasts today. The previous forecast, published on 19 September 2024, expected GDP growth of 1.1%, significantly below the average. The inflation forecast for 2024 was revised down to 1.2% from 1.4%, and the 2025 outlook was reduced to 0.7%. Today’s SECO report will provide the latest data on economic conditions and the outlook for 2025. The forecast for 17 December 2024 suggests that US retail sales may rise to 0.6%. Actual data may differ from expectations; however, increased sales in November may support the US dollar. US industrial production is also projected to rise to a positive level from the previous -0.29%, with the forecast for 17 December 2024 suggesting a production level of 0.10%. Although this is a modest increase, it may instil hope in investors. 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

GBPUSD has stabilised: traders await the Fed’s decision and signals from the Bank of England The GBPUSD rate is correcting after rebounding from the 1.2615 support level. Find out more in our analysis for 16 December 2024. GBPUSD technical analysis The GBPUSD H4 chart shows that the market has completed a downward wave, reaching 1.2608. A consolidation range could form above it today, 16 December 2024. If the price breaks below the range, the wave may continue towards 1.2570 and potentially further towards 1.2490. The GBPUSD rate has stabilised due to holding the crucial support level at 1.2615. 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

Gold (XAUUSD) corrects towards 2,650 USD XAUUSD prices rose above 2,720 USD last week but could not sustain that level, entering a correction. This week, the market will focus on the US Federal Reserve’s interest rate decision. More details in our XAUUSD analysis for today, 16 December 2024. XAUUSD forecast: key trading points Market focus: market participants are awaiting a Federal Reserve interest rate decision at a meeting on Wednesday Current trend: downward correction XAUUSD forecast for 16 December 2024: 2,720 and 2,630 Fundamental analysis Gold showed mixed movements last week. It rose steadily at the beginning of the week but then retraced back as part of a correction following the release of US inflation statistics (the CPI and PPI), which recorded higher-than-expected growth rates. The US Federal Reserve is scheduled to hold its regular meeting this week, during which a 25-basis-point interest rate cut is anticipated. According to the CME FedWatch Tool, markets currently assign a 97.1% probability to this cut. Subsequent comments from the regulator regarding future interest rate plans will be crucial for Gold prices. 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

NZDUSD is at a two-year low: the situation could deteriorate further The NZDUSD pair is falling to 0.5763, testing another local low under significant pressure from the US dollar. Find out more in our analysis for 13 December 2024. NZDUSD technical analysis The NZDUSD H4 chart shows that the market is forming a downward wave towards the local target of 0.5690. This level is expected to be reached today, 13 December 2024, before a potential rise to 0.5790 (testing from below). The NZDUSD pair has incurred significant losses, with the minor trend only strengthening. Read more - NZDUSD 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

Weak US unemployment data supports a decline in EURUSD Despite the ECB decision, the EURUSD rate remains under pressure, currently standing at 1.0461. Discover more in our analysis for 13 December 2024. EURUSD forecast: key trading points The US dollar remains under pressure even after a 25-basis-point ECB interest rate cut US initial jobless claims rose to 242 thousand, reaching the highest level since mid-October US PPI increased by 3.0%, marking the most substantial growth since February 2023 Traders expect the Federal Reserve to lower the interest rate by 0.25% next week, with the probability estimated at 96.4% EURUSD forecast for 13 December 2024: 1.0460 and 1.0410 Fundamental analysis The EURUSD rate is declining for the sixth consecutive trading session, with sellers seeking to establish a foothold below the 1.0465 support level. The US dollar remains under pressure despite the ECB reducing the interest rate by 25 basis points. Markets are now likely to expect another 25-basis-points cut by the Federal Reserve next week. However, the US regulator’s future actions in 2025 remain uncertain, which adds pressure to the pair according to today’s EURUSD forecast. The ECB reiterated its commitment to reducing inflation to its medium-term target. However, its press release omitted the statement regarding keeping rates at restrictive levels as long as necessary. The regulator noted that future interest rate decisions would be based on economic data analysis at each meeting without pre-committing to a predetermined course of action. Meanwhile, the US initial jobless claims rose by 18 thousand to 242 thousand, the highest level since mid-October. This data reinforced expectations of a 0.25% Federal Reserve rate cut at the upcoming meeting, with the markets estimating the odds at 96.4%. At the same time, producer prices rose by 3.0% year-on-year in November, marking the most substantial increase since February 2023 and greatly exceeding analysts’ expectations. Core PPI, excluding food and energy, rose by 3.4%, matching October’s pace and exceeding the average expert forecast of 3.2%. 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

Silver (XAGUSD) prices hold above 32.00 USD The XAGUSD pair has formed a reversal towards the long-term uptrend on the daily chart, rising above 32.00 USD. Further growth may occur soon. Find out more in our Silver price analysis for today, 12 December 2024. XAGUSD technical analysis Silver prices have been moving upward this week, holding above 32.00 USD. The daily chart shows a double-bottom bullish reversal pattern, with the price moving towards the pattern’s target near 33.00 USD. XAGUSD prices remain above 32.00 USD, with the chart showing a double-bottom reversal pattern. Read more - Silver 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

AUDUSD: the Australian dollar has a chance of strengthening Amid positive data from Australia, the AUDUSD rate may continue its ascent to the 0.6444 level. More details in our analysis for 12 December 2024. AUDUSD forecast: key trading points Australia’s employment change in November: previously at 12.2 thousand, currently at 35.6 thousand Australia’s unemployment rate in November: previously at 4.1%, currently at 3.9% US initial jobless claims: previously at 224 thousand, projected at 221 thousand AUDUSD forecast for 12 December 2024: 0.6444 Fundamental analysis Australia’s employment change reflects the difference in the number of officially employed citizens over the reporting period. The previous value was 12.2 thousand, while the actual figure came in at 35.6 thousand, exceeding both expectations and the earlier reading. This could indicate some improvement in Australia’s economic climate. Following the release of the employment data, the AUDUSD pair underwent a correction. Australia’s unemployment rate dropped to 3.9%, down from the previous reading. Fundamental analysis for 12 December 2024 shows that this improvement in unemployment figures became a positive factor for the Australian dollar. The forecast for 12 December 2024 suggests that US initial jobless claims for the previous week are likely to fall to 221 thousand from the previous 224 thousand. The decrease is expected to be minor, serving as a neutral factor for the US dollar. 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: expectations of the Bank of Canada’s decision keep the market on edge The USDCAD rate shows a minor correction, dropping to 1.4164. More details in our analysis for 11 December 2024. USDCAD technical analysis The USDCAD H4 chart shows the market has completed a growth wave, reaching the local target of 1.4193. A consolidation range is expected to form below it today, 11 December 2024. A correction will begin with a breakout below the range, targeting 1.4100. Growth in the USDCAD pair is driven by the strengthening of the US dollar due to strong employment statistics. 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