RBFX Support

EURUSD remains in a consolidation phase, with crucial news ahead The EURUSD pair is stable around the 1.0502 level. The market is conserving strength ahead of US statistics. More details in our analysis for 4 December 2024. EURUSD forecast: key trading points The EURUSD pair remains in a consolidation phase Market participants are awaiting November US employment reports EURUSD forecast for 4 December 2024: 1.0628 Fundamental analysis The EURUSD rate is hovering around 1.0502 in the middle of the week. The primary currency pair has seen only modest movements in recent days. Political turmoil in France has already been priced in, but the market still seeks safe-haven assets, keeping the euro relatively low. The release of US labour market data supported the US dollar. The number of job vacancies in the US increased moderately in October while layoffs decreased, which is a positive sign for the sector as a whole. The market’s focus now shifts to the ADP private sector employment change data due on Wednesday and a large batch of employment statistics on Friday. The EURUSD forecast remains moderate. 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

USDCHF strengthens amid a decline in Switzerland’s PMI The USDCHF rate is advancing towards the 0.8905 resistance level. Discover more in our analysis for 3 December 2024. USDCHF technical analysis The USDCHF H4 chart shows that the market has completed a growth wave, reaching 0.8855. A consolidation range is forming around this level today, 3 December 2024. With an upward breakout, the growth wave could extend towards 0.8910, potentially continuing towards 0.8989. The USDCHF rate continues to strengthen amid expectations of robust US economic statistics and geopolitical risks stemming from Trump’s statements. Read more - USDCHF 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 resumes growth, but the yen will not retreat easily The USDJPY pair rose to 150.06 on Tuesday. Despite sustained pressure, the Japanese yen remains resilient. Find out more in our analysis for 3 December 2024. USDJPY forecast: key trading points The USDJPY pair recorded modest gains Investors remain optimistic about a December Bank of Japan interest rate hike USDJPY forecast for 3 December 2024: 150.70 Fundamental analysis The USDJPY exchange rate rose to 150.06. Despite local pressure from the US dollar, the yen remains close to a seven-week high. The optimism is attributed to expectations that the Bank of Japan will raise interest rates in December. Last weekend, BoJ Governor Kazuo Ueda stated that further rate hikes were imminent as economic data aligned with expectations. Investors currently assess the likelihood of a 25-basis-point rate hike this month at 60%, compared to no more than 50% last week. The USDJPY forecast is 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: Trump’s statement supports US dollar gains The EURUSD rate is poised to test a key support level at 1.0495. Discover more in our analysis for 2 December 2024. EURUSD technical analysis The EURUSD H4 chart shows that the market has completed a growth wave, reaching 1.0596. A downward structure towards 1.0490 could develop today, 2 December 2024. Subsequently, the price might rise to 1.0530 before declining further to 1.0430. The EURUSD rate remains under pressure following Donald Trump’s statements on safeguarding the US dollar. 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

GBPUSD declines at the beginning of the week as the news lull ends The British pound sterling is undergoing a correction after its recent rise and is trading at 1.2691, as the impact of the US dollar has returned in full force. Find out more in our analysis for 2 December 2024. GBPUSD forecast: key trading points The GBPUSD pair rose briefly before pausing The extended US holidays provided support for the pound’s rise GBPUSD forecast for 2 December 2024: 1.2635 and 1.2763 Fundamental analysis The GBPUSD rate has dropped to 1.2691. At the end of last week, the GBP strengthened against the US dollar as overseas investors observed an extended Thanksgiving holiday. Trading volumes were low, but November proved to be highly volatile. However, the pound’s November losses against the US dollar were less pronounced than the euro’s. The GBP’s resilience was supported by expectations of a more decisive monetary policy from the Bank of England and the threat of tariff complications from the new US administration. For the pound, the absence of news was indeed good news. The GBPUSD forecast appears moderate. 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 closes the week with gains as risk appetite emerges The NZDUSD pair rose to 0.5913 on Friday, signalling a recovery following market sell-offs. Find out more in our analysis for 29 November 2024. NZDUSD technical analysis The NZDUSD H4 chart shows that the market is progressing towards 0.5920, the local estimated target. This level could be reached today, 29 November 2024, before a potential decline to 0.5868 (testing from above). Subsequently, a new growth wave might start, aiming for 0.5939 as the first target. The NZDUSD pair ends the final week of November with notable gains. 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

Gold (XAUUSD) is up, rising above 2,650 USD This week, XAUUSD prices received support from buyers at the 2,600 USD level and reversed upwards, with growth likely to continue. More details in our XAUUSD analysis for today, 29 November 2024. XAUUSD forecast: key trading points Market focus: the US markets are closed as the country celebrates Thanksgiving Day Current trend: Upward movement XAUUSD forecast for 29 November 2024: 2,650 and 2,700 Fundamental analysis XAUUSD quotes completed a downward correction and confidently reversed upwards, resuming the long-term uptrend. Gold remains in strong demand from central banks and investors, supported by the Federal Reserve’s monetary policy easing and the escalation of local military conflicts. The decline in the US dollar against major currencies also contributed to Gold’s growth this week. With US markets closed today for the Thanksgiving holiday, no macroeconomic data is expected to be released. Without major news, Gold may continue to strengthen moderately within the current technical framework. 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

The euro is in positive territory while the US dollar rests: US sentiment shifts before the long weekend The EURUSD pair is on the rise. Investors are evaluating the US GDP and core PCE data. Find out more in our analysis for 28 November 2024. EURUSD technical analysis The EURUSD H4 chart shows that the market has completed a growth wave towards 1.0587, the first target. The structure is expected to shift downward today, 28 November 2024, targeting 1.0460 and marking the boundaries of a consolidation range. The EURUSD pair has recovered from a local low, but heightened volatility is expected due to the US Thanksgiving long weekend. 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 amid expectations of a BoJ interest rate hike The USDJPY rate is recovering after falling for two days. Discover more in our analysis for 28 November 2024. USDJPY forecast: key trading points The Japanese yen has strengthened by over 2.6% in the past two days due to expectations of a monetary policy tightening by the BoJ The Bank of Japan’s chief hinted at the likelihood of a December interest rate hike to support the yen Market expectations of a 25-basis-point rate hike in Japan stand at 60% Analysts expect Tokyo’s core CPI to rise to 2.3% in October USDJPY forecast for 28 November 2024: 152.90 Fundamental analysis The USDJPY rate rises following the bears’ failure to secure a position below the 151.25 support level. The Japanese yen has strengthened by more than 2.6% in the past two days due to expectations that the BoJ may raise the interest rate as early as next month. The US dollar is under additional pressure from a potential Federal Reserve rate cut in December. In addition, key US inflation data aligned with market expectations, signalling no changes in the Fed’s monetary policy. BoJ Governor Kazuo Ueda had earlier referred to the likelihood of a December interest rate hike, citing the need to support the yen. Market players expect a 25-basis-point rate hike in Japan with a 60% probability, well above the 50% recorded a week ago. Most analysts share these expectations. Investors are also eagerly awaiting Friday’s release of Japan’s inflation data, which may affect the BoJ’s further actions. Tokyo's core CPI is projected to rise to 2.3% in October from 1.8%, heightening expectations of monetary policy tightening. Against this backdrop, today’s USDJPY forecast shows that the Japanese yen will likely strengthen further. 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) has reversed upwards from 2,600 USD XAUUSD prices continue a moderate correction following last week’s surge. The quotes are now attempting to reverse upwards and continue their ascent. More details in our XAUUSD analysis for today, 27 November 2024. XAUUSD technical analysis On the H4 chart, the XAUUSD pair has corrected downwards from the 2,700-2,720 USD resistance area following last week’s steady upward movement. Yesterday, the quotes approached a strong support near the 2,600 USD level and rebounded upwards. XAUUSD quotes completed a downward correction and reversed upwards from 2,600 USD. 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

USDCAD: pressure on the Canadian dollar intensifies The USDCAD rate strengthens despite yesterday’s rebound from the key resistance level. Discover more in our analysis for 27 November 2024 USDCAD forecast: key trading points The US Federal Reserve noted uncertainty in economic data, which complicates interest rate decisions The Bank of Canada is considering further rate cuts; however, the chances of a 50-basis-point cut have decreased due to rising inflation Canada’s core inflation grew to 2.6% in October, exceeding expectations Canada’s wholesale sales increased by 0.5% in October but fell short of forecasts USDCAD forecast for 27 November 2024: 1.4011 Fundamental analysis The USDCAD rate has risen for the fourth consecutive trading session, showing a steady bullish trend. Buyers are likely preparing to retest the crucial 1.4110 resistance level. The Canadian dollar fell to 2020 lows after Donald Trump threatened to raise Canadian import tariffs by 20%. The Federal Reserve emphasised the difficulty of making decisions amid uncertainty in evolving data and the impact of a neutral interest rate. The policy remains dependent on economic trends, so interest rates are expected to remain elevated if inflation stays steady and be reduced if the labour market weakens. Against this backdrop, the likelihood of a Federal Reserve rate cut in December rose to 62.8% from 55.9% a week ago. The Bank of Canada is poised to lower the interest rate next month. However, the likelihood of a 50-basis-point cut decreased after the release of inflation data. Core inflation, the gauge preferred by the Bank of Canada, rose to 2.6% in October from 2.4% in September, exceeding forecasts. According to today’s USDCAD forecast, lower expectations of an aggressive Bank of Canada rate cut could limit the potential for further US dollar strength. Meanwhile, Canada’s wholesale sales increased by 0.5% month-on-month in October, following a 0.8% rise in September, but missed the forecast of 0.9%. The growth was partly due to increased sales in the automotive sector, including spare parts and accessories. 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: the yen continues its attempts to strengthen against the US dollar The decrease in Japan’s core CPI had a mixed effect on the USDJPY rate, with the pair continuing its correction. More details in our analysis for 26 November 2024. USDJPY technical analysis The USDJPY H4 chart indicates that the market has formed a narrow consolidation range above the 153.80 level. The price is expected to break below the range today, 26 November 2024, and extend the downward wave towards 152.88. The projected decline in new home sales offsets the potential increase in the CB US Consumer Confidence Index. 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

Swiss franc declines: markets again favour the US dollar The USDCHF pair shows moderate gains with accelerated growth potential. Find out more in our analysis for 26 November 2024. USDCHF forecast: key trading points The USDCHF pair is poised for growth The SNB prioritises low inflation USDCHF forecast for 26 November 2024: 0.8815 Fundamental analysis The USDCHF rate is hovering around 0.8863. The Swiss franc recently fell to its mid-July 2024 low against the US dollar due to the rapid strengthening of the US currency. Strong expectations persist in the market that the Federal Reserve will slow the pace of interest rate cuts due to robust economic data. Additionally, market participants are overly cautious, given the significant impact of US President-elect Donald Trump’s protectionist policies. The Swiss National Bank’s inflation target ranges between 0% and 2%. The SNB intends to prioritise maintaining low inflation as the foundation for its monetary policy. Annual inflation in Switzerland fell for the third consecutive month in October, reaching 0.6%, marking its lowest level since June 2021. 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: the pound is poised for a significant correction A speech by a member of the Bank of England’s Monetary Policy Committee and a decline in US economic indicators may help the British pound regain ground. Discover more in our analysis for 25 November 2024. GBPUSD technical analysis The GBPUSD H4 chart shows that the market has reached the local target of 1.2487. Today, 25 November 2024, a correction towards 1.2600 is possible, followed by a decline towards 1.2545. A new consolidation range may form around this level. An upward breakout could extend the correction towards 1.2660. A breakout below the range would open the potential for a downward wave towards 1.2470 and potentially further towards the local target of 1.2445. Coupled with technical analysis for today’s GBPUSD forecast, the speech by the Bank of England’s Monetary Policy Committee member could influence the pound’s value and enable a potential downward wave towards the 1.2545 level, followed by growth to the 1.2600 level. 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

EURUSD is in a consolidation phase following a sharp decline: the market is too nervous The euro hit a new low before recovering. Investors are observing signs of a slowdown in European economies. Find out more in our analysis for 25 November 2024. EURUSD forecast: key trading points The EURUSD pair reached a new low and recovered Investors expect a swift reduction in ECB interest rates to support weak economies EURUSD forecast for 25 November 2024: 1.0500 and 1.0414 Fundamental analysis The EURUSD rate is hovering around 1.0476 on Monday after dropping to 1.0331 earlier. A rather gloomy business survey triggered the euro’s decline, which revealed a contraction in the two largest European economies – France and Germany – in November. The market believes that the re-election of Donald Trump as US president will further weaken the already fragile European economy. Potential import duties could hurt Germany’s export-oriented economy. These risks are significant, putting substantial pressure on the EUR rate. As a result, the market is betting that the ECB will lower interest rates more aggressively to address the economic weakness. At the same time, the Federal Reserve is expected to take a more cautious approach. An increase in the interest rate differential will make the euro less appealing, boosting demand for dollar-dominated assets. 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 hit new annual lows: all sympathies are with the US dollar The New Zealand dollar fell to an annual low, with investors siding with the USD. Find out more in our analysis for 22 November 2024. NZDUSD technical analysis The NZDUSD H4 chart shows that the market is forming a narrow consolidation range around 0.5865 without a clear trend. The price could break below the range today, 22 November 2024, with the downside target set at 0.5810. The NZDUSD pair remains under pressure from sell-offs and now appears very weak. 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

Gold (XAUUSD) rises, reaching 2,700 USD XAUUSD prices continue strengthening significantly after forming a local trough and reversing upwards. Further growth may follow a brief correction. Discover more in our XAUUSD analysis for today, 22 November 2024. XAUUSD forecast: key trading points Market focus: US statistics on the Composite Purchasing Managers’ Index (PMI) and Michigan Consumer Sentiment Index are due today Current trend: strong upward movement XAUUSD forecast for 22 November 2024: 2,643 and 2,700 Fundamental analysis XAUUSD quotes have completed a downward correction and reversed upwards, displaying significant growth towards the long-term trend. This growth is supported by demand from central banks, the Federal Reserve’s interest policy of cutting interest rates, and escalating global geopolitical tensions. A crucial release of US statistics is expected today – the Composite Purchasing Managers’ Index (PMI) and Michigan Consumer Sentiment Index. Weaker-than-forecast statistics could exert pressure on the US dollar and support XAUUSD. Conversely, stronger figures may prompt a correction in the pair. 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

AUDUSD: the pair may continue to fall, having completed its correction Michele Bullock’s speech and increased US jobless claims may support the AUDUSD pair in forming a corrective wave. More details in our analysis for 21 November 2024. AUDUSD technical analysis The AUDUSD H4 chart shows that the market has formed a narrow consolidation range around 0.6491 and, breaking above it, corrected towards 0.6543. A corrective move to 0.6545 is possible today, 21 November 2024. With technical analysis for today’s AUDUSD forecast, negative US news suggests a potential correction towards 0.6545, followed by a decline to 0.6430. Read more - AUDUSD 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 halted its decline: correction is complete; the market awaits news The EURUSD pair has halted its decline. The market is awaiting greater clarity on Trump’s policy. Find out more in our analysis for 21 November 2024. EURUSD forecast: key trading points The EURUSD pair is no longer in a downward trend The market is analysing what to expect from the new US White House administration EURUSD forecast for 21 November 2024: 1.0464 Fundamental analysis The EURUSD rate is consolidating around 1.0552 on Thursday, following yesterday’s decline. Investors are exercising caution as they await further data on the future actions of US President-elect Donald Trump. Additionally, forecasts of a less aggressive Federal Reserve interest rate cut have already been priced into the primary currency pair. The market needs to interpret what exactly Trump’s campaign promises mean not only for the US but also for the rest of the world. The US dollar has strengthened by over 2% since the US presidential election. The EURUSD forecast for today remains 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: the euro continues to lose ground against the US dollar The ECB’s financial stability report and the ECB president’s speech could further weaken the euro. Discover more in our analysis for 20 November 2024. EURUSD technical analysis The EURUSD H4 chart indicates that the market has received support at the 1.0523 level and has continued its upward movement. The price is expected to reach 1.0610 today, 20 November 2024. The structure formed around the 1.0560 can be viewed as correcting the previous downward wave. The ECB president’s speech and other fundamental factors continue to weaken the euro. 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

Lower BoC rate expectations add to pressure on the USDCAD The USDCAD rate is testing the critical support area. Find out more in our analysis for 20 November 2024. USDCAD forecast: key trading points The strengthening of the Canadian dollar is due to a rise in Canada’s inflation to 2% in October 2024 Prices increased across five of eight CPI components, primarily driven by petrol price growth Weaker expectations of a substantial Bank of Canada rate cut are putting pressure on the USDCAD currency pair USDCAD forecast for 20 November 2024: 1.3900 Fundamental analysis The USDCAD rate is bouncing off the 1.3950 support level. The currency pair is slightly correcting after declining for two consecutive trading sessions. The US dollar lost over 1% amid buyers’ failure to gain a foothold above the 1.4100 level. The current strengthening of the Canadian dollar is fuelled by inflation data, which eases expectations about the size of the Bank of Canada’s interest rate cuts. Canada’s inflation rose to 2% in October. Prices increased across five of eight CPI components, primarily driven by petrol price growth. The return of inflation to the Bank of Canada’s 2% target suggests that rate cuts will continue, but the size of cuts will depend on the analysis of economic data. According to today’s USDCAD forecast, lower expectations of a substantial BoC rate cut will further pressure the currency pair, contributing to a potential breakout below the key 1.3950 support level. Market expectations about the Fed’s policy also changed. Federal Reserve Chair Jerome Powell emphasised economic resilience, which allows the regulator to maintain a restrained approach to interest rate cuts. According to the CME FedWatch Tool, the likelihood of a December rate cut decreased to 58.9% from 76.8% a month ago. 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

The Swiss franc stabilises: it is time for a correction The USDCHF pair has initiated a correction, moving away from a three-month high. Find out more in our analysis for 19 November 2024. USDCHF technical analysis The USDCHF H4 chart shows that the market has completed a correction towards 0.8825. A technical retest of the 0.8866 level is possible today, 19 November 2024. The market is expected to define the boundaries of a consolidation range. The USDCHF pair is undergoing a corrective decline following its recent surge. Read more - USDCHF 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: the yen may continue to lose ground The increase in US building permits and a Fed official’s speech may support the US dollar. Discover more in our analysis for 19 November 2024. USDJPY forecast: key trading points US Housing Starts in October: previously at 1.354 million, projected at 1.340 million US building permits in October: previously at 1.425 million, projected at 1.440 million Speech by Federal Reserve official Jeffrey Schmid USDJPY forecast for 19 November 2024: 157.60 Fundamental analysis Housing Starts, representing the total number of projects initiated during the reporting month, are compiled from surveys of property owners and construction companies. These statistics cover approximately 95% of all housing projects in the country. The data are adjusted for seasonal factors and weather conditions to improve accuracy. This indicator is published during the second ten-day period of each month as part of the general construction report, including data on building permits and completed projects. According to the fundamental analysis for 19 November 2024, construction activity may decline to 1.340 million from the previous reporting period. However, this decrease is not critical and is unlikely to impact the USDJPY rate. Building permits reflect the seasonally adjusted number of permits issued to start new projects. These figures represent an annualised housing construction rate and should be interpreted as the projected number of permits for the year if current trends persist. This indicator is considered a vital metric of the housing market and a reflection of the overall state of the economy. As a leading metric for one of the most critical economic sectors, building permits provide insight into broader economic trends. The forecast for 19 November 2024 anticipates an increase in issued building permits to 1.440 million. Although the rise is modest, it is a positive factor for the US dollar. Fed official Jeffrey Schmid, the CEO of the Federal Reserve Bank of Kansas City, is scheduled to deliver a speech by the end of the US trading session. His report may include data on the near-term development of the US 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

Gold (XAUUSD) reverses upwards, securing above 2,550 USD XAUUSD prices declined to 2,536 USD within a correction last week, where they encountered strong demand and formed a local upward reversal. More details in our XAUUSD analysis for today, 18 November 2024. XAUUSD technical analysis On the H4 chart, the XAUUSD pair is in a downward correction. Asset prices tumbled to 2,536 USD last week, where they encountered strong demand from buyers and reversed upwards. Gold (XAUUSD) quotes attempt to complete a correction and reverse upwards, securing above 2,550 USD. 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

EURUSD remains subdued: the market continues to favour the US dollar The EURUSD pair starts the week quietly, with the US dollar maintaining its strength. Find out more in our analysis for 18 November 2024. EURUSD forecast: key trading points The EURUSD pair opened the week on a stable note All market sympathies are with the US dollar as investors expect reduced activity from the Federal Reserve EURUSD forecast for 18 November 2024: 1.0400 Fundamental analysis The EURUSD rate is hovering around 1.0531 on Monday morning. Last week ended with the most substantial weekly gain for the US currency in a month, driven by a global reassessment of expectations regarding future US Federal Reserve interest rate cuts. Investors are factoring in President-elect Donald Trump’s pro-inflationary policies and adjusting their outlook accordingly. This benefits the US dollar, as heightened inflationary pressures would compel the Fed to maintain higher interest rates than previously anticipated. Last Thursday, Federal Reserve Chair Jerome Powell noted that the regulator need not rush into cutting rates, causing a widespread revision of expectations for the Federal Reserve’s December decision. 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