RBFX Support

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

Political instability in Canada supports USDCAD growth The USDCAD rate is rising for the fifth consecutive trading session, with buyers poised to test the 1.4465 resistance level. Discover more in our analysis for 13 January 2025. USDCAD forecast: key trading points US jobs increased by 256 thousand in December, marking the most significant gain in nine months Positive US labour market data heightened expectations of a slower pace of Federal Reserve interest rate cuts Canada’s unemployment rate decreased to 6.7% in December, surpassing the forecast of 6.9% USDCAD forecast for 13 January 2025: 1.4465 and 1.4515 Fundamental analysis The USDCAD rate is strengthening within an ascending channel. The pair’s growth is supported by the increase in US job numbers, which stood at 256 thousand in December, marking the most substantial growth in nine months. The unemployment rate decreased from 4.2% in November to 4.1% in December, exceeding analysts’ expectations of a 165-thousand job increase. This data has boosted expectations of a slower pace of Federal Reserve interest rate cuts. According to preliminary data, the US Consumer Price Index declined to 73.2 points in December, down from 74.0 in November. Analysts had forecast a less significant decline to 73.8. A year earlier, in January 2024, the index was 79.0. Meanwhile, Canada’s unemployment rate stood at 6.7% in December, exceeding the expected 6.9%. However, the figure remains the second highest since September 2021, reflecting the softening labour market conditions noted by the Bank of Canada. The economy faces additional pressures from political and fiscal uncertainties, including budget deficit risks and Prime Minister Justin Trudeau’s resignation. 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 AUDUSD pair is consolidating around the 0.6200 support level The AUDUSD pair continues to trade near the 0.6200 support level, moving within a downtrend. Today, market participants are awaiting US labour market statistics. More details in our analysis for 10 January 2025. AUDUSD technical analysis On the H4 chart, the AUDUSD pair continues to trade within the downtrend. The Alligator indicator is above the price chart and is directed downwards, supporting the current trend. The quotes are consolidating near the key support area between 0.6170 and 0.6200. US labour market statistics could further drive the pair’s price movements. The AUDUSD pair continues to trade within the downtrend near the key support area between 0.6170 and 0.6200 USD. 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

USDJPY is on the rise again, and there is more to come The USDJPY pair rose to 158.36 on Friday. Uncertainty persists regarding the Bank of Japan’s stance on interest rates. Find out more in our analysis for 10 January 2025. USDJPY forecast: key trading points The USDJPY pair reaches new multi-year highs The yen will remain under pressure until the Bank of Japan clarifies its interest rate policy USDJPY forecast for 10 January 2025: 158.45 and 159.00 Fundamental analysis The USDJPY rate ended the week even higher, hovering around 158.36. The Japanese yen has now fallen to a new multi-year low. Uncertainty about the timing of an interest hike by the Bank of Japan exerts significant pressure on the JPY. As Japan’s Economy Minister Ryosei Akazawa said yesterday, the country’s economy is at a critical stage where overcoming the public’s deflationary mindset is essential. However, he did not specify when the BoJ might be ready to raise borrowing costs. Japan’s household spending fell by 0.4% year-on-year in November, while earnings rose by 0.7%. Externally, the yen faces additional pressure from a strong US dollar. The USDJPY 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

EURUSD remains weak as pressure from the US dollar persists The EURUSD pair is trading near 1.0307 and appears weak. The Federal Reserve’s hawkish stance and Trump’s tariff wars keep the market tense. Find out more in our analysis for 9 January 2025. EURUSD technical analysis A negative scenario persists on the EURUSD H4 chart, suggesting a decline towards the trendline at 1.0269, following a break below an intermediate support level at 1.0282. The EURUSD pair continues to tumble as the market struggles to resist pressure from 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

Increasing oil demand from China may boost Brent barrel prices Brent oil is consolidating near the 76.00 USD support level. Discover more in our analysis for 9 January 2025. Brent forecast: key trading points Brent prices plunged after a rapid rise The oil market expects demand from China to increase Brent forecast for 9 January 2025: 78.00 and 74.80 Fundamental analysis Brent prices continue to correct amid last week’s decline in commercial supplies. According to data from 9 January 2025, oil prices stand at 76.00 USD per barrel. Various factors influence price behaviour, including changes in US oil inventories and demand from China In particular, on 2 January 2025, it was reported that US oil stocks decreased, which pushed Brent prices above 77.50 USD. Fundamental analysis for 9 January 2025 suggests that higher demand from China may trigger growth in Brent prices. Overall, the oil market remains influenced by numerous factors, including geopolitical situations, economic forecasts, and actions of key oil producers. Oil quotes continue to respond to changes in supply and demand, and geopolitical risks. 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

XAUUSD: Gold continues to strengthen after completing a correction Gold (XAUUSD) continues to strengthen amid limited news coverage, with a potential growth target of 2,650. Find out more in our XAUUSD analysis for today, 24 December 2024. XAUUSD technical analysis Having tested the middle Bollinger band, the price formed a harami reversal pattern on the XAUUSD H4 chart. It continues its upward movement, validating the signal from the reversal pattern. This trend will likely persist as the quotes remain within the ascending channel after a pullback. Together with the technical analysis of XAUUSD, the expectation of a pre-New Year rally supports a scenario of growth towards the 2,650 USD level. 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

Brent attempts to regain ground after a decline Following a decline, Brent crude oil is attempting a recovery, with a potential growth target of 73.00. Discover more in our analysis for 24 December 2024. Brent forecast: key trading points Brent crude oil futures show growth on the London Stock Exchange Market participants anticipate a pre-New Year rally Brent forecast for 24 December 2024: 73.00 and 72.30 Fundamental analysis Brent crude oil continues to strengthen amid a reduction in global hydrocarbon reserves. Brent prices are experiencing moderate growth on 24 December 2024, following slight declines in the previous days. This morning, February futures on London’s ICE Futures exchange increased by 0.35 USD (0.48%), reaching 72.98 USD per barrel. Analysts attribute this growth to the recovery from the previous decline and market participants’ expectations ahead of the upcoming holidays, which could lead to lower trading volumes and increased volatility. Nevertheless, the market remains concerned about an economic slowdown in China, one of the world’s largest oil consumers, and the strengthening of the US dollar. All these factors could exert pressure on prices in the near term. 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 continues to correct after a decline The EURUSD pair may continue its corrective wave towards 1.0464, influenced by US economic indicators. Find out more in our analysis for 23 December 2024. EURUSD technical analysis The price formed a harami reversal pattern on the EURUSD H4 chart after testing the Bollinger lower band. It continues its upward movement following the reversal pattern signal at this stage. A corrective wave is expected to develop since the quotes remain within the descending channel. Coupled with technical EURUSD analysis for 23 December 2024, weak US economic indicators suggest that the EURUSD pair could continue to correct before resuming its 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

USDJPY: uncertainty in the BoJ actions weakens the Japanese yen The USDJPY rate reversed from the support level, with the current price at 156.55. Discover more in our analysis for 23 December 2024. USDJPY forecast: key trading points The Japanese yen remains under pressure due to uncertainty regarding a Bank of Japan interest rate hike Americans’ income rose by 0.3% in November, with spending increasing by 0.4% The core US PCE Price Index increased by 2.8% year-on-year USDJPY forecast for 23 December 2024: 157.85 and 160.15 Fundamental analysis The USDJPY rate rises on Monday, holding above the key resistance level at 155.95. The Japanese yen remains under pressure amid persistent uncertainty regarding the timing of a potential BoJ interest rate hike. Last week, the Bank of Japan kept the rate unchanged, citing the need to carefully analyse wage changes, global economic uncertainties, and the impact of the new US administration on the economy. Meanwhile, Americans’ incomes increased by 0.3% from October, while spending rose by 0.4%. Analysts had forecasted higher figures of 0.4% and 0.5%, respectively. The core PCE Price Index, closely monitored by the Federal Reserve to assess inflation risks, increased by 2.8% year-on-year, unchanged from the October reading. This is the most substantial growth since April; experts had expected it to accelerate to 2.9%. Today’s USDJPY forecast suggests that robust US inflation data will help strengthen 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

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