RBFX Support

Gold (XAUUSD) continues to correct, falling to 2,700 USD XAUUSD prices continue to correct, plunging to 2,700 USD amid US dollar growth driven by the US election. Once the correction is complete, growth could resume. Discover more in our XAUUSD analysis for today, 6 November 2024. XAUUSD technical analysis On the H4 chart, the XAUUSD pair continues to correct downwards as part of a strong uptrend. Today, the quotes fell to the 2,700-2,710 USD support area, which coincides with the lower boundary of the ascending price channel. XAUUSD quotes continue to correct downwards amid the strengthening of the US dollar due to the ongoing US presidential election, with no doubts remaining about Trump’s victory. 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

USDCHF: the pair continues to correct ahead of the US presidential election Switzerland’s stable unemployment rate and the upcoming US election may strengthen the Swiss franc. Discover more in our analysis for 5 November 2024. USDCHF technical analysis The USDCHF H4 chart shows that the market has formed a downward wave towards 0.8615. A growth structure is expected to develop today, 5 November 2024, aiming for 0.8666. A breakout above this level will open the potential for a growth wave towards 0.8720, the local target. Alongside technical analysis for today’s USDCHF forecast, the US presidential election and fundamental data suggest a potential growth wave towards 0.8720. 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

EURUSD awaits the news, with the focus on the US presidential election The EURUSD pair remains in a consolidation phase. A critical moment is approaching. Find out more in our analysis for 5 November 2024. EURUSD forecast: key trading points The EURUSD pair is consolidating Initial, accurate data on the US presidential election will emerge a few days after the vote EURUSD forecast for 5 November 2024: 1.0950 Fundamental analysis The EURUSD rate is hovering around the level of 1.0878 on Tuesday. The stock market holds varied opinions on who will win the US presidential election. Over the weekend, Donald Trump was the favourite, and the US dollar was rising. Now, support has shifted to Kamala Harris. The major currency pair will undoubtedly experience increased volatility this week. The only question is its direction. According to stock market consensus, the US dollar could decline by 1-2% if Harris wins, and it may rise significantly if Trump emerges victorious. The election winner will only be known a few days after Tuesday’s vote. Trump will likely challenge any signs of defeat, as he did in 2020. 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 GBPUSD pair is poised for a rebound, but volatility is increasing The GBPUSD pair rose, with the pound supported by the local weakness of the US dollar. More details in our analysis for 4 November 2024. GBPUSD technical analysis The GBPUSD H4 chart shows that the market has received support at 1.2914 and continues to correct towards 1.3060. The price could break above the 1.2989 level today, 4 November 2024, and continue to develop a new growth wave, aiming for 1.3060 as the local target. The GBPUSD pair has declined as the weakening US dollar allowed the pound to recover. Read more - GBPUSD Forecast Attention! Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews. Sincerely, The RoboForex Team

USDJPY rose: a crucial week begins The USDJPY pair is undergoing a correction, with the US dollar retreating ahead of the US presidential election. Find out more in our analysis for 4 November 2024. USDJPY forecast: key trading points The USDJPY pair declines Safe-haven assets are in demand this week USDJPY forecast for 4 November 2024: 151.00 and 150.80 Fundamental analysis The USDJPY rate fell to 151.75 on Monday. The Japanese yen has gained an opportunity to strengthen while the US dollar retreats in anticipation of this week’s US presidential election. The next five business days will be tense, with the US presidential campaign nearing its conclusion and the upcoming US Federal Reserve meeting. The market will require strength and safe-haven assets. The Federal Reserve is expected to lower the interest rate by 25 basis points. Last week, the Bank of Japan left its interest rate unchanged at 0.25% per annum. The central bank is pausing a series of adjustments in monetary conditions as it assesses the risks of a political imbalance in Japan. This adds to the uncertainty regarding the country’s fiscal policy. The interest rate may change in January, but several key economic indicators will be released by then. 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 started to consolidate, but risks persist The NZDUSD pair maintains its strength on Friday. Yesterday’s US statistics may prompt adjustments. More details in our analysis for 1 November 2024. NZDUSD technical analysis The NZDUSD H4 chart shows that the market has reached the local target of the downward wave at 0.5940. A growth impulse towards 0.5983 has formed today, 1 November 2024. The NZDUSD pair halted its decline but remains under pressure due to the fundamental environment. 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

EURUSD undergoes a correction ahead of a key US employment report The EURUSD rate is falling after rebounding from the 1.0885 resistance level. Find out more in our analysis for 1 November 2024. EURUSD forecast: key trading points US initial jobless claims fell to their lowest level since May, coming in at 216,000 Traders forecast gains of 113,000 jobs in the employment report US personal income rose by 0.3% in September 2024, with spending increasing by 0.5% On an annual basis, growth in US personal consumption expenditures slowed to the lowest level since February 2021 EURUSD forecast for 1 November 2024: 1.0922 and 1.0960 Fundamental analysis The EURUSD rate declines after rising for four days. Investors are focused on the upcoming US employment report, which is expected to confirm the resilience of the US economy ahead of the Federal Reserve monetary policy meeting and the presidential election. The US employment statistics for October close the current trading week, and traders expect 113,000 jobs to be created. However, recent natural disasters may affect the final reading, increasing the likelihood of deviation from forecasts. A muted market reaction to the report will help the EURUSD maintain its current trend as part of today’s forecast. Meanwhile, US initial jobless claims unexpectedly fell to their lowest level since May. The number of Americans who first applied for unemployment benefits decreased by 12,000 to 216,000, while analysts predicted an increase to 230,000 on average. Additionally, in September 2024, US personal income rose by 0.3% from August, while spending by Americans increased by 0.5%. Last month, the PCE index was up 0.2% compared to the previous month. The annual index growth rate slowed to 2.1%, marking the lowest since February 2021. This indicates potentially easing inflation, which may impact the Federal Reserve’s future monetary policy decisions. 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 has the potential to maintain its upward trajectory Despite falling retail sales in Australia, the AUDUSD forecast is somewhat optimistic. More details in our analysis for 31 October 2024. AUDUSD technical analysis The AUDUSD H4 chart shows that the market has risen to 0.6595 and declined to 0.6563, practically outlining the boundaries of a consolidation range, expected to develop further today, 31 October 2024. Falling retail sales in Australia and an increase in US initial jobless claims offset each other. 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: BoJ left the interest rate at its highest level since 2008 The USDJPY rate has declined, securing below the 152.65 support level. Discover more in our analysis for 31 October 2024 USDJPY forecast: key trading points The Bank of Japan left the interest rate at 0.25%, the highest level since 2008 The US economy grew at a 2.8% annual rate in Q3, slightly below the forecasted 3.0%, with personal consumption and sales figures remaining high Investors cautiously await Friday’s US nonfarm payrolls data USDJPY forecast for 31 October 2024: 152.40 and 150.80 Fundamental analysis At its two-day meeting, which concluded on Thursday, the Bank of Japan kept the interest rate at 0.25%, the highest level since 2008. This result aligned with analysts’ expectations that monetary policy would remain unchanged, exerting pressure on the USDJPY rate. This year, the Bank of Japan raised the interest rate twice, in March and July. BoJ Governor Kazuo Ueda has already warned of increasing uncertainty in the global economy, noting that the regulator has time to thoroughly analyse risks without hastily tightening monetary policy. Traders are now scrutinising information from the BoJ chief’s post-meeting briefing, looking for hints about the timing and pace of further interest rate hikes. According to the quarterly survey, the Bank of Japan maintains its inflation outlook and expects inflation to remain close to the 2.0% target level in the coming years. The projected core inflation rate, excluding food prices, remains at 2.5%. Investors are now cautiously awaiting Friday’s nonfarm payroll data and next week’s US presidential election. Meanwhile, the ADP report recorded a surge in private-sector employment in October, indicating labour market resilience. The US economy grew at a 2.8% annual rate in Q3 2024, slightly falling short of the forecasted 3.0%. However, solid growth in personal consumption and high sales figures confirm consumer activity, which may support the US dollar as part of today’s USDJPY 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

USDJPY is on hold: investors prefer to wait for further news The USDJPY pair remains in a consolidation phase. The market is preserving its strength ahead of the BoJ meeting. Find out more in our analysis for 30 October 2024. USDJPY technical analysis The USDJPY H4 chart shows that the market continues to develop a narrow consolidation range around 153.30 without a clear trend. The range could extend to 154.15, with a decline to 153.30 today, 30 October 2024. The USDJPY pair conserves strength before the Bank of Japan decides on its next interest rate. 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

Gold (XAUUSD) hit a new all-time high today, hovering above 2,780 USD XAUUSD prices have completed a correction and are steadily rising, surpassing the previous all-time high of 2,758 USD. A triangle pattern has formed on the instrument chart. More details in our XAUUSD analysis for today, 30 October 2024. XAUUSD forecast: key trading points Market focus: market participants are awaiting the US labour market statistics this week, including the ADP report, nonfarm payrolls, and the unemployment rate Current trend: a strong uptrend is underway, with a triangle pattern formed on the chart XAUUSD forecast for 30 October 2024: 2,758 and 2,800 Fundamental analysis XAUUSD quotes continue to trade in an uptrend, reaching another all-time high around 2,790 USD today. A downward correction is complete, and growth is likely to resume. The precious metal appears buoyant, supported by robust demand from central banks and investors. The current Federal Reserve’s interest rate-cutting cycle, high geopolitical tensions, ongoing conflict escalation in the Middle East, and the upcoming US presidential election in November are all factors strengthening the prices of Gold. US employment statistics from Automatic Data Processing Inc. (ADP) are scheduled for release during today’s American session. If data exceeds the forecast (+115,000 jobs), the US dollar will receive support, and the XAUUSD pair may enter a local correction again. If data falls short of the forecast, this will drive further growth in the XAUUSD 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

USDCHF declines: a correction is necessary The USDCHF pair is declining; the market requires a correction. Find out more in our analysis for 29 October 2024. USDCHF technical analysis The USDCHF H4 chart shows that the market has formed a growth wave structure towards 0.8697. A correction is expected to develop, aiming for 0.8636 today, 29 October 2024. After reaching this level, the price could rise to 0.8717, potentially extending the growth wave to 0.8740. The USDCHF pair is poised for a correction after previous steady gains. 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

EURUSD: Strong US economy and expectations of Trump’s victory exert pressure on the euro The EURUSD rate slightly declines, remaining within the range. More details in our analysis for 29 October 2024. EURUSD forecast: key trading points Positive US economic indicators continue to exert pressure on the euro The increasing likelihood of Donald Trump’s victory in the presidential election supports the US dollar Traders are focused on the upcoming releases of crucial economic data, such as US GDP, CPI, and the employment report EURUSD forecast for 29 October 2024: 1.0780 Fundamental analysis The EURUSD rate continues to correct for the fifth consecutive trading session. Buyers have so far managed to maintain the 1.0775 level. In addition to positive economic data supporting the strength of the US economy, the US dollar is bolstered by rising expectations of Donald Trump’s victory in the upcoming US presidential election. Traders now focus on preliminary US Q3 GDP data due on Wednesday and the core PCE price index for September, a crucial inflation gauge for the Federal Reserve, scheduled for release on Thursday. The US nonfarm payrolls report is due on Friday, potentially increasing market volatility. Overall, the US dollar remains stable as signs of steady economic growth have reduced expectations of a sharp Federal Reserve interest rate cut. Market participants now believe that after starting the easing cycle with a sizeable 50-basis-point cut in September, the regulator will limit itself to a more moderate 25-basis-point move in November. The market estimates the likelihood of such a reduction at 95%, which, as part of today’s EURUSD forecast, continues to weigh on the euro. 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 remains stable: investors prepare for the Japanese elections The USDJPY pair has halted its surge. The market preserves strength ahead of political developments. Find out more in our analysis for 25 October 2024. USDJPY technical analysis The USDJPY H4 chart indicates that the market continues its downward momentum towards 150.75, the first target. The price is expected to reach this target today, 25 October 2024, before beginning a correction towards 151.97 (testing from below). The USDJPY pair has undergone a correction and paused. 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

NZDUSD under pressure: consumer confidence in New Zealand decreases The NZDUSD rate is declining within a descending channel, attempting to secure a position below the support level. Find out more in our analysis for 25 October 2024. NZDUSD forecast: key trading points RBNZ Governor Adrian Orr confirmed that the low inflation target is attainable, adding to arguments for an interest rate cut in November New Zealand’s Consumer Confidence Index fell from 95.1 in September to 91.2 in October NZDUSD forecast for 25 October 2024: 0.5984 and 0.6052 Fundamental analysis The NZDUSD rate declined to 0.5987 on Friday, marking its fourth consecutive week of losses. The pressure on the New Zealand dollar is mounting amid rising expectations of a moderate Federal Reserve rate cut and uncertainty about the upcoming US presidential election. Domestically, Reserve Bank of New Zealand Governor Adrian Orr noted that attaining low and stable inflation has become a realistic target. This adds to arguments supporting another substantial RBNZ rate cut in November. The markets have already priced in a 50-basis-point cut and are also assessing the likelihood of a 75-basis-point reduction. As part of today’s NZDUSD forecast, these factors exert pressure on the currency pair. The significant economic news from New Zealand includes a decrease in consumer confidence in October after three consecutive months of growth. The ANZ-Roy Morgan Consumer Confidence Index fell to 91.2 points in October from 95.1 in September, indicating the end of the recovery period. Employment figures remain extremely weak, with 22% of respondents reporting a weaker financial position than last year and only 14% expecting improvements next year. This is significantly lower than the September indicator of 25%. RoboForex Market Analysis & Forex Forecasts Attention! Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews. Sincerely, The RoboForex Team

Silver (XAGUSD) prices correct downwards from the area around 35.00 USD XAGUSD prices are undergoing a downward correction after failing to break above the 35.00 USD level. The trend remains upward, with growth likely to continue. Find out more in our XAGUSD analysis for today, 24 October 2024. XAGUSD technical analysis XAGUSD quotes are currently undergoing a downward correction on the H4 chart, rebounding from the upper boundary of the ascending price channel. The price hit a new annual high of 34.86 USD. Once the correction is complete, further growth to the area above 35.00 USD can be expected. Silver (XAGUSD) prices are correcting downwards after reaching another annual high of 34.86 USD Read more - Silver Forecast Attention! Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews. Sincerely, The RoboForex Team

AUDUSD rises slightly, but pressure persists The AUDUSD pair remains in a downward trend, pausing for corrections. Risk appetite is weak. Discover more in our analysis for 24 October 2024. AUDUSD forecast: key trading points The AUDUSD pair declines The RBA is expected to keep the interest rate unchanged this year AUDUSD forecast for 24 October 2024: 0.6696 Fundamental analysis The AUDUSD rate fell to 0.6647. The Australian dollar reached a two-month low, as the strong US dollar and rising yields on US government bonds left it little chance of recovery. The market expects the Federal Reserve to gradually reduce interest rates. Investors also anticipate Donald Trump’s victory in the presidential election in November. According to new statistical data, Australia’s private sector activity was more stable in October. Activity in the services sector continued to grow, while the manufacturing segment contracted at its sharpest pace since May 2020. Reserve Bank of Australia Deputy Governor Andrew Hauser noted earlier this week that the central bank is ready to respond based on incoming data. He highlighted the country’s unexpectedly strong employment growth, which came as a surprise. The baseline AUDUSD forecast appears mixed and suggests that the interest rate in Australia will remain unchanged this 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

EURUSD reached a new local low as demand for the US dollar strengthens The EURUSD pair continues to decline as the market turns towards safe-haven assets. Find out more in our analysis for 23 October 2024. EURUSD technical analysis The EURUSD H4 chart shows that the market has completed a downward wave, reaching 1.0790. A correction towards 1.0825 (testing from below) could occur today, 23 October 2024. After the correction, the EURUSD rate is expected to decline to 1.0777, the first target. The EURUSD pair has reached a 2.5-month low and remains under pressure. 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

PepsiCo’s revenue falls, but its stock price continues to rise. What is the secret behind the popularity of PepsiCo shares? Despite the challenges PepsiCo Inc. (NYSE: PEP) has faced, its stock price has been rising steadily. On 8 October, the company released its Q3 2024 report, posting revenue lower than the corresponding period in 2023. Nonetheless, the stock price continued its upward trajectory. PepsiCo Inc.’s business model PepsiCo divides its operations into three major segments, publishing information on each separately in its quarterly reports. Below are the segments in which the company operates: Frito-Lay: here, PepsiCo focuses on producing and selling various snacks. The range includes products from many popular brands (Cheetos, Doritos, Lay’s, Ruffles, and Tostitos). Its leading position in the US salty snack market is supported by these high-margin products Quaker Foods: this includes Quaker products, one of the pioneering brands in PepsiCo’s portfolio, which specialises in healthy eating. Quaker offers cereal bars, cereals, muesli, oatmeal, and other products. This sector focuses on breakfast and healthy eating products. How inflation impacts PepsiCo Inc.’s revenue Experts are increasingly suggesting online that US inflation may begin to rise again and exceed the 2022 figures. If these forecasts materialise, how could this influence the company’s revenue? It is impossible to predict reliably how exactly things will evolve. However, we can analyse past periods when the company operated amid both high and low inflation. 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: the franc is under pressure due to easing inflation The USDCHF rate slightly declines on Tuesday. More details in our analysis for 22 October 2024. USDCHF technical analysis The USDCHF H4 chart shows that the market has formed a consolidation range around 0.8637. The price is expected to break above the upper boundary of this range and rise to 0.8717 today, 22 October 2024. The USDCHF rate remains under pressure amid expectations of policy easing by the Swiss National Bank and the strength of the US dollar. 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 continues its ascent, reaching a three-month high The USDJPY pair has reached a new three-month peak. The market does not rule out currency interventions from the Bank of Japan. Find out more in our analysis for 22 October 2024. USDJPY forecast: key trading points The USDJPY pair has surpassed a three-month high The yen has weakened, increasing the likelihood of new currency interventions from the Bank of Japan USDJPY forecast for 22 October 2024: 151.25 and 153.20 Fundamental analysis The USDJPY rate rose by 150.95 on Tuesday, the highest level in the last three months. Investors believe the odds of new currency interventions from the Bank of Japan increased after the USDJPY tested the 151.00 level. However, Japan’s Deputy Chief Cabinet Secretary Kazuhiko Aoki did not comment on a news media question about currency fluctuations. Last week, one of the top currency diplomats, Atsushi Mimura, noted that the authorities are closely monitoring all market movements. He also added that excessive volatility was undesirable. These remarks can be interpreted differently, but the market typically views them as a signal of readiness to influence the situation. Currency interventions occurred in early 2024 when the yen breached the 160.00 level. This time, the JPY began to weaken in mid-September due to rising uncertainty about the trajectory of BoJ interest rate hikes. The USDJPY forecast does not rule out further 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

GBPUSD is poised to recover with a rebound The GBPUSD pair has halted its decline and is stabilising. The pound appears oversold. More details in our analysis for 21 October 2024. GBPUSD technical analysis The GBPUSD H4 chart shows that the market has completed a corrective wave, reaching 1.3070. A consolidation range is forming below this level today, 21 October 2024, with the potential to extend up to 1.3074. A decline and a breakout below the 1.3019 level will open the potential for further movement towards 1.2940, the first target. The GBPUSD pair has rebounded, taking advantage of the stabilising US dollar and market expectations. 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: the resilience of the US economy supports the US dollar The EURUSD rate declines after rebounding from the 1.0870 resistance level. Find out more in our analysis for 21 October 2024. EURUSD forecast: key trading points The US dollar has strengthened for the third consecutive week amid expectations of a softer Federal Reserve rate cut Markets estimate the likelihood of a 25-basis-point Fed rate cut in November at 90.9% This week, investors are focusing on corporate reports and risks related to the US election EURUSD forecast for 21 October 2024: 1.0820 and 1.077 Fundamental analysis The EURUSD rate is undergoing a correction after Friday’s rise, remaining below the EMA-200 level, indicating persistent pressure from sellers. The US dollar has strengthened for three consecutive weeks amid expectations of a softer Fed rate-cutting cycle and higher chances of Donald Trump’s victory in the upcoming elections. Analysts note that the current US interest rate helps strengthen the US currency. At the same time, rate cuts in other countries only add to the USD’s appeal. Experts believe this trend may persist until the election, and if Donald Trump wins, it will likely continue. The markets currently estimate the likelihood of a 25-basis-point Federal Reserve rate cut in November at 90.9%. Investors are now awaiting the release of data on new home sales and durable goods orders in the US. The markets will primarily focus on corporate reports and risks related to the upcoming election. Retail sales data and the previously released robust statistics on the labour market and inflation show that consumer spending is stable. This reflects the resilience of the US economy, which is still far from a recession. According to today’s EURUSD forecast, this may support 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) surges, rising above 2,700 USD The XAUUSD price continues its upward rally, reaching a new all-time high of 2,714 USD today. The next growth target could be the 2,750 USD level. Our XAUUSD analysis for today, 18 October 2024, provides more details and insights. [B]XAUUSD technical analysis[/B] Gold rises steadily within an uptrend after a bullish engulfing candlestick reversal pattern formed on the daily chart last week. The quotes are now trading around 2,705 USD, with strong upward momentum continuing. Gold (XAUUSD) prices continue their upward surge within the uptrend, reaching a new all-time high of 2,714 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

USDJPY: Japan’s inflation eases but remains above the BoJ’s target The USDJPY rate is hovering around an 11-week high. Find out more in our analysis for 18 October 2024. USDJPY forecast: key trading points Japan’s consumer prices rose by 2.5% year-on-year in September, the lowest level since April Tokyo’s core inflation index increased by 2.4% in September, remaining above the BoJ’s 2.0% target Japan’s top currency diplomat, Atsushi Mimura, warned against excessive yen volatility USDJPY forecast for 18 October 2024: 151.15 Fundamental analysis The USDJPY rate is undergoing a correction after rising for two days. The yen remains under pressure due to easing inflation in the country, which weakens the national currency despite expectations that the BoJ will tighten its monetary policy. According to today’s USDJPY forecast, the currency pair will likely continue its upward trend. Japan’s consumer prices rose by 2.5% year-on-year in September, down from 3.0% in August. This is the first time inflation has slowed since March and the lowest since April 2024. The core inflation index, closely monitored by the BoJ, rose by 2.4%, marking the lowest reading since April after a 2.8% increase in August. The figure has remained above the regulator’s 2.0% target for 30 months. Inflation, excluding food and energy, was 2.1% in September, up from 2.0% in August. Bank of Japan Policy Board member Seiji Adachi recently noted that the pace of interest rate hikes should be moderate, warning against abrupt policy changes due to uncertainty in the global economy and the country’s wage growth rate. At the same time, the yen’s weakness prompted Japan’s top currency diplomat, Atsushi Mimura, to remind the Japanese government that it is closely watching foreign exchange movements and to emphasise that excessive volatility is undesirable. 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