RBFX Support

NZDUSD rises, with the market recouping previous losses The NZDUSD pair is rising, and investors are buying the Kiwi at lows. Discover more in our analysis for 11 October 2024. NZDUSD technical analysis The NZDUSD H4 chart shows that the market has completed a downward wave, reaching 0.6051. A consolidation range has formed above this level. It is worth considering a breakout above the range towards the first target of 0.6138 today, 11 October 2024. The NZDUSD pair is poised for a recovery after a sell-off phase. 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) reversed upwards from 2,600 USD XAUUSD price has completed a downward correction, with the chart showing an upward reversal. The market will focus on the US Producer Price Index (PPI) data. More details and insights are available in our XAUUSD analysis for today, 11 October 2024. XAUUSD forecast: key trading points Market focus: market participants are awaiting today’s US inflation statistics, with the Producer Price Index (PPI) scheduled for release Current trend: the pair is trading in an uptrend USD forecast for 11 October 2024: 2,630 and 2,670 Fundamental analysis XAUUSD quotes have completed a downward correction, receiving active support from buyers near 2,600 USD. Gold continues to attract demand from global central banks and investors, with escalating geopolitical tensions in the Middle East adding to its appeal. Yesterday’s US Consumer Price Index (CPI) data broadly aligned with market expectations. The Producer Price Index (PPI) is due today. A weaker-than-expected reading could exert pressure on the USD and help strengthen gold. Conversely, a higher-than-expected figure would support the US dollar, potentially pushing XAUUSD prices lower. 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 found temporary support near 0.6700 AUDUSD quotes have halted their decline and are attempting to reverse upwards after encountering demand from buyers near 0.6700. More details can be found in our analysis for 10 October 2024. AUDUSD technical analysis The AUDUSD H4 chart shows that the market is forming a consolidation range around 0.6735. The AUDUSD rate is expected to break below this range and reach the target level of 0.6682 today, 10 October 2024. The AUDUSD pair is still trading within a downward correction. 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 appears weak: US inflation data ahead The EURUSD pair declined markedly. The market believes in the US dollar’s “exceptionalism”. Discover more in our analysis for 10 October 2024. EURUSD forecast: key trading points The EURUSD pair fell to a low seen on 13 August The market increasingly favours the US dollar EURUSD forecast for 10 October 2024: 1.0905 Fundamental analysis The EURUSD rate is consolidating around 1.0943 on Thursday. This is the euro’s lowest level since 13 August. As they say on the stock market, investors were again drawn to the idea of the US currency’s “exceptionalism”. According to the latest US Federal Reserve meeting minutes released yesterday, the regulator remains focused on maintaining the health of the labour market. The US economy is growing strongly, providing solid support for the USD position. Interesting US inflation data for September will be released today. The weekly jobless claims report is also worth noting. The EURUSD forecast remains cautious for now. 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 hits a 2-month low: the US dollar regains favour The EURUSD pair continues to decline, with the market increasingly favouring the US dollar. Find out more in our analysis for 7 October 2024. EURUSD technical analysis The EURUSD H4 chart shows that the market has reached the downward wave’s local target of 1.0951. A correction towards 1.1037 (testing from below) is possible today, 7 October 2024. Subsequently, another decline in the EURUSD rate could follow, with 1.0946 as the first target. The EURUSD pair remains under intense pressure due to the growing market preference for 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

USDJPY: the strong US labour market supports growth in the pair The USDJPY rate is approaching the 149.35 resistance level amid uncertainty regarding the BoJ policy. Discover more in our analysis for 7 October 2024. USDJPY forecast: key trading points The number of US jobs increased by 254,000 in September, marking the highest gain over the past six months The likelihood of a 50-basis-point Federal Reserve interest rate cut decreased to 4.3% Japan’s Leading Economic Index fell to its lowest level since October 2020 USDJPY forecast for 7 October 2024: 145.95, 144.30, and 142.68 Fundamental analysis The USDJPY rate has decreased significantly since last week’s surge. The yen came under pressure due to statements from Prime Minister Shigeru Ishiba and Economy Minister Ryosei Akazawa, who called for caution regarding further BoJ interest rate hikes, considering the current economic conditions. The additional weakening of the yen is caused by the strong US employment report released on Friday. The US economy added 254,000 jobs in September, showing the most substantial growth over the past six months and reducing market expectations of a potential significant interest rate cut by the US Federal Reserve. The likelihood of a 50-basis-point cut in November decreased to 4.3%, while the odds of a softer 25-basis-point reduction increased to 95.7%. Such expectations in today’s USDJPY forecast may prompt buyers to break above the 149.35 resistance level. Japan’s Leading Economic Index, which evaluates the prospects for the months ahead, decreased to 106.7 points in August 2024 from 109.3 in July, reaching its lowest level since October 2020. Japan’s Coincident Index, which includes data such as production output, employment, and retail sales, dropped to 113.5 in August from 117.2 a month earlier, marking the lowest reading since February. Traders are currently focusing on the upcoming wage data in Japan, which may impact inflationary expectations and the BoJ’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

NZDUSD weakens amid challenges in New Zealand’s economy NZDUSD has declined for the fourth consecutive trading session. A detailed analysis for 4 October 2024 provides insights into the key factors behind this movement. NZDUSD technical analysis On the H4 chart of the NZDUSD pair, the market has been on a wave of decline, hitting the level of 0.6207. The price action is close to reaching its calculated local target of the downward wave. As of 4 October 2024, consolidation is likely above the 0.6207 level. NZDUSD rate continues its downward trajectory, pressured by expectations of further monetary easing by the Reserve Bank of New Zealand. 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

USDJPY halts growth as the market pauses for further developments USDJPY growth halted on Friday as the market paused and awaits further developments. More details and insights are available in our USDJPY analysis and forecast for today, 4 October 2024. USDJPY forecast: key trading points The USDJPY pair is consolidating The market paused following a 3% decline in the yen over the past week USDJPY forecast for 4 October 2024: 145.22 and 143.2 Fundamental analysis On Friday, the USDJPY rate reached a high of 146.27 before stabilising. The Japanese yen has slightly recovered after its sharp decline of over 3% against the US dollar, driven by a shift in the Bank of Japan’s monetary policy stance, which softened its outlook on interest rates. Japanese Prime Minister Shigeru Ishiba reiterated that current economic conditions do not justify a rate hike. Meanwhile, the yen faced additional pressure from the strong appreciation of the US dollar. Recent US economic data signals that the Federal Reserve may not reduce interest rates as aggressively as initially expected. The overall USDJPY forecast remains neutral as the market assesses these fundamental factors. 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 analysis: the market remains cautious as AUDUSD continues to decline The AUDUSD is steadily moving away from its recent highs, with the strength of the US dollar applying consistent downward pressure on the Australian dollar (AUD). More details can be found in our AUDUSD analysis and forecast for 3 October 2024. AUDUSD technical analysis Regarding technical analysis, the H4 chart for the AUDUSD pair shows the first wave of decline targeting 0.6845. The price is consolidating around 0.6895 as of 3 October 2024, with an expected breakout to the downside towards the target level of 0.6845. AUDUSD is moving away from the 19-month high amid deteriorating external sentiment. 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

Silver (XAGUSD) corrects down from resistance at 32.30 USD The XAGUSD price failed to overcome the resistance at 32.30 USD yesterday and entered a downward correction. Tomorrow, market participants will focus on US labour market data. Read about it in our XAGUSD analysis for today, 3 October 2024. Silver forecast: key trading points Market focus: market participants are awaiting tomorrow’s US labour market statistics Current trend: a local correction is underway within the uptrend XAGUSD forecast for 3 October 2024: 32.30 and 31.00 Silver fundamental analysis Silver (XAGUSD) remains in a strong daily uptrend, fuelled by the US Federal Reserve’s recent decision to cut interest rates by 0.50% during the September meeting. This cycle of rate cuts is weakening the US dollar, supporting both gold and silver prices. Market participants are closely watching US employment data for insights. The ADP report on Wednesday showed an increase of 143,000 jobs. However, Friday’s upcoming Nonfarm Payrolls and Unemployment Rate figures will be crucial. A decline in employment could weigh on the USD and provide bullish momentum for silver. At the same time, stronger-than-expected job growth could support the USD, potentially triggering a deeper correction in XAGUSD. 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 declines sharply: Middle East tensions make investors nervous EURUSD is testing a four-week low. Investors are shying away from risk as tensions escalate. Read more in our detailed EURUSD forecast for 2 October 2024. EURUSD technical analysis On the H4 chart, the EURUSD rate has seen a strong downward impulse to the level of 1.1090. A consolidation range has formed around this level. A break below this range suggests the market could further develop a downside structure towards 1.0982 The EURUSD pair has fallen to a four-week low as market sentiment turns risk-averse. 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) reverses down from resistance at 2,670 USD Gold (XAUUSD) experienced a reversal after attempting to break through the resistance at 2,670 USD. Today, market participants will shift their focus to the US labour market data from ADP, which could significantly impact the XAUUSD outlook. Read more in our analysis for today, 2 October 2024. XAUUSD forecast: key trading points Market focus: market participants are awaiting today's Automatic Data Processing Inc. (ADP) statistics on the US labour market, which will serve as a potential signal for the next moves in XAUUSD Current trend: a correction within the uptrend is underway XAUUSD forecast for 2 October 2024: 2,685 and 2,630 Fundamental analysis XAUUSD quotes are currently in a moderate downward correction after reaching an all-time high of 2,685 USD last week. Yesterday, XAUUSD prices surged due to heightened geopolitical tensions in the Middle East. Today's employment data from ADP is expected to reveal 120,000 new jobs. If the data falls below the forecast, it could pressure the USD and strengthen gold, signalling a bullish trend for XAUUSD. Conversely, if job growth exceeds expectations, it would bolster the US dollar, contributing to a bearish XAUUSD prediction and potentially signalling a decline in 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

Brent crude oil declines moderately, falling below 72.00 USD Brent price failed to overcome the resistance level at 75.00 USD last week and turned downwards. The daily trend is downward, and the decline may continue - read about it in our Brent analysis for today, October 1, 2024. Brent technical analysis Brent oil completed its upward correction and reversed downward from the resistance level of 75.00 USD. Prices have since fallen to the 70.00 USD area, where temporary support from buyers was found. The daily trend remains bearish, suggesting further declines may occur. Brent quotes have formed a downward reversal from the 75.00 USD resistance level. Today’s API oil reserves data could significantly influence Brent’s price forecast. 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 develops upward momentum: the dollar has become the market favourite USDJPY remains on the upside. Powell and Ishiba supported the USD. Read more in our USDJPY analysis for 1 October 2024. USDJPY forecast: key trading points The USDJPY pair has been ‘in the plus’ for the second consecutive day Powell’s comments have reinforced support for the US dollar USDJPY forecast for 1 October 2024: 144.47 Fundamental analysis On 1 October 2024, the USDJPY rose to 144.29, marking the second session in a row with the yen declining against the dollar. Federal Reserve Chairman Jerome Powell provided support to the US dollar with his comments, signaling that a rapid reduction of interest rates in the US is not expected. Powell indicated that the Fed might opt for a 25 basis point rate cut in its two remaining meetings this year. The Fed has shifted its outlook from a ‘hard’ rate stance to a softer, more adaptable approach, leading the market to reevaluate its position. In Japan, political comments from Shigeru Ishiba, former defence minister, added pressure on the yen. Ishiba emphasised that Japan's fiscal policies should remain flexible, reflecting the nation's current economic conditions. The USDJPY outlook continues to favour the US dollar, and further gains are anticipated. 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 analysis: growth continues amid uncertain prospects GBPUSD continues to grow, with the pound needing to break out of the sideways channel. Read more in our GBPUSD analysis and forecast for today, 30 September 2024. GBPUSD technical analysis On the H4 chart, GBPUSD continues to develop its growth structure within the ascending channel. GBPUSD has found support near the channel’s lower boundary at 1.3366, and the pair is now moving towards 1.3455. Today’s GBPUSD forecast suggests that this level should be reached, followed by a decline to 1.3380 (at minimum). GBPUSD is in an upward trend, though the rise is expected to be cautious. 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 rises amid US inflation slowdown The EURUSD rate is strengthening but remains at a strong resistance level of 1.1200. Read more in our analysis for 30 September 2024. EURUSD forecast: key trading points The Personal Consumption Expenditure (PCE) index rose by 0.1% in August, while the annual growth was 2.2% The Core PCE index increased by 0.1% month-on-month and 2.7% year-on-year in August Initial jobless claims fell to 218k, a 4-month low The likelihood of the Fed rate cut by 50 basis points decreased to 54%, and a cut by 25 basis points increased to 46% EURUSD forecast for 30 September 2024: 1.1222 Fundamental analysis EURUSD is slightly higher on Monday as the US dollar remained under pressure amid poor economic data reinforcing expectations of further Federal Reserve rate cuts. The US Personal Consumption Expenditures (PCE) price index increased 0.1% in August compared to July, while the annualised growth rate was the lowest since February 2021, at 2.2%, versus the forecasted 2.3%. The Core PCE (Core Personal Consumption Expenditures) price index, which does not include food and energy prices, also rose 0.1% in August from the previous month and increased by 2.7% annually. The Core PCE index is the Fed’s key indicator to assess inflation risks. At the same time, data on jobless claims demonstrated the labour market’s resilience. The number of initial applications for benefits decreased by 4,000 to 218,800, the lowest level for the last four months. Analysts had forecasted an increase to 223,400. Investors await the September US employment report for further signals about the Fed’s policy. The probability of a 50-basis-point interest rate cut at the next meeting fell to 54.0% from 60.3%, while the odds of a 25-point cut rose to 46.0% from 39.7%. Given the weakness of the US dollar and the regulator’s subsequent actions, today’s EURUSD forecast still holds potential for a breakthrough of the 1.1200 level. 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 analysis: the pair is poised to rise as the US dollar declines for 4 weeks in a row EURUSD is resuming its upward movement. The market is anticipating a significant easing of the Fed’s monetary policy in the future. Read more details in our analysis for 27 September 2024. EURUSD technical analysis On the H4 chart of EURUSD, the market received support at 1.1121. A growth wave to 1.1164 and a correction to 1.1125 have occurred. Today, 27 September 2024, the growth impulse to 1.1188 was realised. We expect the EURUSD to correct to 1.1155. EURUSD may continue to grow. For the US dollar, it would mark the fourth week of decline. 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

NZDUSD forecast: the New Zealand dollar continues to lose ground against the US dollar Rising PCE and Michelle Bowman’s speech could support the US dollar - read more in our analysis for 27 September 2024. NZDUSD forecast: key trading points US Core PCE (YoY): Previously 2.6%, Forecasted 2.7% Speech by Michelle Bowman, member of the US Federal Open Market Committee (FOMC) CFTC NZD Net Speculative Positions: Previously -1.9K NZDUSD forecast for 27 September 2024: 0.6222 and 0.6140 Fundamental analysis The Core Personal Consumption Expenditures Price Index (Core PCE) is an economic indicator measuring changes in the cost of goods and services consumed by US households (excluding food and energy prices due to their high volatility). The index is one of the most important inflation indicators in the US, which the Federal Reserve System uses to assess economic conditions and make decisions on monetary policy. The previous value was 2.6% on an annualised basis. The forecast for 27 September 2024 suggests it may increase by 0.1% to 2.7%. Such expectations boost optimism among market participants, although the data may differ significantly. If the published statistics exceed forecasts, it will provide additional support to the US dollar and cause a decline in the NZDUSD exchange rate. Michelle Bowman, a member of the US Federal Open Market Committee (FOMC) and the Fed’s Board of Governors, is scheduled to deliver a speech. Her report may contain data on future US monetary policy. The Commodity Futures Trading Commission’s (CFTC) weekly report analyses the volume of speculative positions held by non-commercial traders in US futures markets. It reflects the difference between traders’ long and short NZD positions on the Chicago and New York trading floors. The CFTC report is published every Friday and covers data from as of Tuesday of the current week. The fundamental analysis for 27 September 2024 shows a notable decrease in positions in the last reporting period, indicating the likelihood of a trend reversal. However, the forecast remains uncertain until the actual data is published. 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 rises to a three-week high: trend gaining momentum The USDJPY continues to exhibit upward momentum, climbing to a three-week high as the US dollar garners favour among investors. Read more in our analysis for 26 September 2024. USDJPY technical analysis On the H4 USDJPY chart, the market found support at 142.90 and continued to develop the growth wave. Today, on 26 September 2024, the market broke through the 144.34 level upwards. We can effectively state that the consolidation range has been breached upwards. The USDJPY pair is near a three-week peak due to an improved market sentiment towards the US dollar. 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

AUDUSD strengthens due to China’s stimulus measures AUDUSD is regaining some of its lost ground after falling more than 1% the previous day. Read more details in our analysis for 26 September 2024. AUDUSD forecast: key trading points Support for the Chinese economy stimulates demand for Australian exports, which helps AUDUSD to strengthen The Australian Consumer Price Index declined to 2.7% in August, falling within the central bank’s target range The Reserve Bank of Australia maintains a tight policy, keeping the interest rate at 4.35% despite the falling inflation rate AUDUSD forecast for 26 September 2024: 0.6910 and 0.7017 Fundamental analysis The AUDUSD rate rose on Thursday after bouncing from the support level at 0.6815. According to analysts, the Australian dollar is strengthening due to China’s stimulus package, which may boost demand in Australia’s largest export market. Australia’s Consumer Price Index rose 2.7% year-on-year in August 2024, below market forecasts of 2.8% and worse than July’s 3.5%. This is the lowest inflation rate since August 2021 and the first time it has fallen within the central bank’s target range in three years. The inflation decline resulted from the energy bill compensation programme, which led to a 17.9% fall in electricity prices and a reduction in the cost of motor fuel. The Reserve Bank of Australia left the key rate at 4.35% at its September meeting and indicated that the current policy rate could be maintained for an extended period. However, the current slowdown in inflation reinforces expectations of a rate cut by the end of the year. Governor Michele Bullock has indicated that interest rates will remain unchanged for now. This hawkish stance sets the Reserve Bank of Australia apart from other central banks, including the US Federal Reserve, which has begun to ease its monetary policy to support the economy. For today’s AUDUSD forecast, this may support the pair’s growth. 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 analysis: weak economic data from Europe limits the pair’s growth The EURUSD rate is correcting after testing a four-week high. Read more in our detailed EURUSD analysis for 25 September 2024, including key signals and market outlook. EURUSD technical analysis On the H4 chart, EURUSD broke through the 1.1180 level and continues its upward trajectory towards 1.1222, which represents a local target. Based on the technical EURUSD outlook for today, 25 September 2024, we anticipate a potential correction to 1.1144 after reaching this target. EURUSD’s growth, driven by Fed rate cut expectations, could be limited by weak European economic data, which has heightened fears of a potential economic slowdown. 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) continues its upward rally; price climbs above 2,650 USD The XAUUSD price reached a new all-time high this morning at 2,670 USD. The trend for gold remains upward, though a downward correction may start soon – read about it in our XAUUSD analysis for today, 25 September 2024. XAUUSD forecast: key trading points Market focus: gold is steadily rising following the US Fed rate cut Current trend: a strong uptrend is underway XAUUSD price forecast for 25 September 2024: 2,640 and 2,700 Fundamental analysis XAUUSD quotes are steadily rising, reaching a new all-time high of 2,670 USD after the US Fed cut its interest rate by 0.50% last week. The onset of the rate-cut cycle is putting pressure on the US dollar. Gold’s growth is also supported by weak economic data from the US – Yesterday’s Consumer Confidence index from the Conference Board was worse than expected: instead of the anticipated 103.9 points, the index came in at 98.7. As a result, the precious metal closed the day with solid gains against 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

EURUSD daily forecast: the market stabilises and finds its footing EURUSD has stopped its downward momentum and appears to have found stability. Investors expect a period of consolidation. More insights can be found in our EURUSD analysis and forecast for 24 September 2024. EURUSD technical analysis On the H4 chart, EURUSD continues to develop within a consolidation range around the 1.1145 level. The range currently extends to 1.1082, with a potential test of the 1.1142 level from below. The EURUSD pair has weathered a period of decline and is now stabilising. 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

Brent crude oil continues its upward correction, trading near 74.00 USD The Brent price is experiencing an upward correction, bolstered by investor optimism following the recent Fed rate cut. However, despite the current correction, the overall trend remains downward, and further declines are possible. For more detailed insights, read our Brent analysis and market outlook for today, 24 September 2024. Brent forecast: key trading points US data: today, the market is anticipating the release of the API oil inventories data, which is expected to provide a significant indicator for the short-term direction of Brent prices Current trend: an upward correction of oil prices is underway within a broader downtrend Brent forecast for 24 September 2024: 75.00 and 70.00 Fundamental analysis Brent prices are seeing a corrective rise after finding support in the demand zone of 68.00-68.50 USD. This price rebound is driven by the US stock market strengthening and growing investor optimism over the Federal Reserve’s shift toward monetary easing. Today, all eyes are on the API’s report on oil reserves in the US, which could provide further news on Brent’s trajectory. A decline in inventories may offer short-term support for Brent prices, while an increase could generate a bearish signal, potentially accelerating the downtrend. Additionally, tomorrow’s report from the EIA will provide more clarity on the future Brent forecast. 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 forecast: USD remains under pressure The GBPUSD rate has risen for the fourth consecutive trading session, remaining below the resistance level at 1.3340. Read more in our analysis for today - 23 September 2024. GBPUSD technical analysis On the H4 chart of GBPUSD, the market has formed a consolidation range around 1.3278. Currently, the range is extended downwards to the level of 1.3222 and upwards to the level of 1.3333. Today, 23 September 2024, we expect an upward exit from this range. Despite the positive UK retail sales data, falling consumer sentiment indicates potential risks for the UK economy, which may limit further GBPUSD growth. 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