RBFX Support

EURUSD: the euro attempts to regain ground on US Labor Day The eurozone’s PMI and the US holiday may not weaken the US dollar. Find out more in our EURUSD forecast dated 2 September 2024. EURUSD forecast: key trading points Today is US Labor Day The eurozone’s manufacturing PMI for August: previously at 45.6, projected at 45.6 EURUSD forecast for 2 September 2024: 1.1005 and 1.1096 Fundamental analysis Today is a holiday in the US due to Labor Day, which may give the euro a chance to strengthen against the US dollar, as many US traders are unlikely to participate in trading. The PMI index evaluates the activity of purchasing managers in the industrial sector. This index reflects the state of the industry and the dynamics of industrial processes in the eurozone. Traders closely follow this data as purchasing managers are the first to receive information about their companies’ operations, making the PMI a crucial measure of the general economic situation. Readings above 50.0 points indicate industrial growth, while values below 50.0 points suggest a downturn. EURUSD analysis for 2 September 2024 shows that the PMI index may remain flat at 45.6, indicating some stability in the industrial sector. However, as it is still below 50.0 points, it is unlikely to impact the EURUSD rate positively. Investors await a decision on the Federal Reserve interest rates, due on 18 September 2024. US inflation data remains stable; analysts suggest a 50-basis-point change is unlikely at this stage. 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 falls to a two-week low: the market assesses risks The EURUSD pair declined on Friday, supported by robust US macroeconomic data. Read more in our analysis for 30 August 2024. EURUSD technical analysis On the H4 chart, EURUSD quotes have reached a local target at 1.1055. An upward correction to 1.1121 (a test from below) is possible today, 30 August 2024. Following this, a further decline towards 1.1040 is expected, marking the first decline phase. EURUSD may interrupt its five-week rally and close the week with a decline. Technical indicators for today’s EURUSD forecast suggest a possible correction to 1.1121, followed by a decline to 1.1040. 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 forecast: investors anticipate BoJ rate hike The USDJPY pair is experiencing a slight correction on Friday after two consecutive days of gains. To understand the latest market movements, delve into our analysis for 30 August 2024. USDJPY forecast: key trading points Japan's unemployment rate for July 2024 increased to 2.7%. Core CPI in Tokyo rose by 2.4% in August 2024 Japan's industrial production grew by 2.8% in July 2024, rebounding from a significant decline USDJPY forecast for 30 August 2024: 141.60, 139.70, and 137.77 Fundamental analysis The USDJPY rate was buoyed by recent US GDP and Initial Jobless Claims data, alleviating recession concerns and bolstering the USD. Concurrently, Japan's economic data fuelled expectations of a potential BoJ interest rate hike, which could strengthen the yen within today's USDJPY forecast. Japan's unemployment rate increased to 2.7% in July 2024, up from 2.5% in June, marking the highest level since August 2023. Tokyo's core consumer price index rose at an annualised rate of 2.4% in August 2024, marking the fourth consecutive month of acceleration and surpassing market expectations of a 2.2% increase. Retail sales in Japan grew at an annualised rate of 2.6% in July 2024, slowing from June's 3.8% rise and falling short of the anticipated 2.9% growth. Japan's industrial production expanded by 2.8% in July 2024, recovering from a sharp -4.2% decline. However, this growth fell short of the forecasted 3.3% (according to preliminary data). 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 in a consolidation phase: the market is conserving strength The USDJPY pair has remained within a sideways range for the fourth consecutive session. Investors have adopted a waiting mode as there has been no significant news. Find out more in our analysis dated 29 August 2024. USDJPY technical analysis The USDJPY H4 chart shows that the market continues developing a consolidated range around 145.70 without establishing a clear trend. The price could rise to 145.45 today, 29 August 2024. Subsequently, the range is expected to expand to 143.40. The USDJPY pair is consolidating while the news stream is limited, and the macroeconomic calendar is empty. Technical indicators in today’s USDJPY forecast suggest a potential decline to the 141.60, 139.70, and 137.77 levels. 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

EURUSD: US GDP data may trigger a correction in the pair ECB officials’ speeches, US initial jobless claims, and the GDP data release could heat today’s market. Find out more in our analysis dated 29 August 2024. EURUSD forecast: key trading points A speech by European Central Bank official Isabel Schnabel A speech by European Central Bank official Philip R. Lane The Eurogroup meeting US initial jobless claims: previously at 232,000, projected at 232,000 Q2 US GDP: previously at 1.4%, projected at 2.8% EURUSD forecast for 29 August 2024: 1.1090 and 1.1150 Fundamental analysis The EURUSD analysis for 29 August 2024 shows that the market is awaiting a large set of economic data from the eurozone, including speeches by ECB officials, Schnabel and Lane, and the Eurogroup meeting. ECB officials’ speeches often indicate future monetary policy and economic expectations, and increased market volatility can be expected during them. A set of data, including US initial jobless claims, will be released after the US trading session opens. A preliminary forecast suggests that the figure will remain flat at 232,000, which may support the US dollar’s strength against the euro. GDP is the aggregate value of all goods and services produced in a country. Only end products are considered, excluding the production of raw materials. The forecast for 29 August 2024 suggests a 2.8% increase in US GDP, double the previous reading. If actual data aligns with expectations, the EURUSD rate could decline markedly. 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 remains weak as the market tests lows last seen on 8 March 2024 The USDCAD pair fell to a six-month low, primarily driven by the weakness of the US dollar. However, current developments are not particularly favourable for the Canadian dollar either. Find out more in our analysis dated 28 August 2024. USDCAD technical analysis The USDCAD H4 chart shows that the market maintains its downward trajectory without a significant correction. The market has formed a consolidation range around 1.3485 and broke below its lower boundary today, 28 August 2024, pushing the USDCAD rate down to 1.3440. The USDCAD pair fell to a six-month low and is poised for a further decline. Technical indicators in today’s USDCAD forecast suggest that the downward wave could continue to the 1.3366 and 1.3263 levels. 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

EURUSD: risks of a correction are increasing The EURUSD rate declined after unsuccessful attempts to rise above 1.1200. Find out more in our analysis dated 28 August 2024. EURUSD forecast: key trading points Investor confidence in a 50-basis-point Federal Reserve interest rate cut grows The preliminary Q2 US GDP estimate is expected to show an increase of 2.8% The core Personal Consumption Expenditures price index is projected to rise by 2.7% EURUSD forecast for 28 August 2024: 1.1150 and 1.0980 Fundamental analysis The EURUSD rate fell below 1.1150 on Wednesday morning, potentially signalling a downward correction. However, as part of today’s EURUSD forecast, the US dollar remains under pressure due to growing expectations of a Federal Reserve interest rate cut and concerns about US recession risks. Investors are confident that the Federal Reserve will lower interest rates as early as next month after Chair Jerome Powell’s dovish comments last week. Now, the focus is on whether this will be a 50-basis-point rate cut. According to the FedWatch tool from CME Group, the likelihood of such a significant interest rate reduction has increased to 36% from 29% a week ago. At the end of the trading week, traders will focus on economic indicators. The preliminary Q2 US GDP estimate is due tomorrow, with the economy expected to grow by 2.8%. The core PCE price index, the Federal Reserve’s preferred inflation gauge, will be released on Friday. It is projected to increase to 2.7% from the previous 2.5%. According to analysts, the inflation rate would need to significantly exceed expectations to change forecasts for several interest rate cuts by the regulator. 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 at highs: the market turns against the US dollar The EURUSD rate has resumed growth following a correction, with the main movements around 1.1168. Concerns about the Middle East have dampened investor optimism about an imminent Federal Reserve interest rate cut. EURUSD technical analysis The EURUSD H4 chart shows that the market has declined to 1.1150 and corrected towards 1.1178. Another corrective movement is possible today, 27 August 2024, aiming for 1.1181. Although the EURUSD pair returns to an annual high, market sentiment could depend on external factors. Technical indicators in today’s EURUSD forecast suggest a potential decline to 1.1150, possibly continuing to 1.0980. 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 price begins to rise, surpassing 80.00 USD Brent price is experiencing steady growth, surpassing 80.00 USD per barrel; today, the focus is on the API oil stock data. Find out more in our Brent analysis for today, 27 August 2024. Brent forecast: key trading points US data: the market awaits the API US oil inventory statistics today Brent forecast for 27 August 2024: 78.00 and 81.70 Fundamental analysis Brent quotes have halted their decline and reversed upwards, finding support at a local daily low of 75.00 USD. Oil prices are being supported by a rise in stock markets, driven by the US Federal Reserve’s intention to start a monetary policy easing cycle, with the first rate cut in September. Brent price will depend on US oil stock data from the American Petroleum Institute (API) during today’s American session. At the same time, the Energy Information Administration (EIA) will provide market participants with oil inventory statistics tomorrow. After the release of these figures, volatility in oil prices may increase. 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 rises amid potential easing of US monetary policy The GBPUSD rate hit a new two-year high on Friday after Federal Reserve Chair Jerome Powell hinted at an imminent US interest rate cut. EURUSD technical analysis The GBPUSD H4 chart shows that the market has formed a narrow consolidation range around 1.3103 and, breaking above it, reached the growth wave’s target of 1.3220. Nearly the entire growth wave potential has been exhausted. Powell’s comments on a US interest rate cut and signs of a recovering UK economy propelled the GBPUSD pair to a two-year high. Read more - GBPUSD Forecast Attention! Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews. Sincerely, The RoboForex Team

Gold (XAUUSD) rises steadily, trading above 2,500 USD per troy ounce XAUUSD price closed the previous week above 2,500 USD, exhibiting a steady uptrend driven by fundamental factors. Find out more in our XAUUSD analysis for today, 26 August 2024. XAUUSD forecast: key trading points Market focus: gold reached a new all-time high of 2,532 USD last week Current trend: gold is trading in a strong uptrend, with growth likely to continue XAUUSD forecast for 26 August 2024: 2,532 and 2,483 Fundamental analysis XAUUSD quotes showed sustained growth last week, reaching a new all-time high of 2,532 USD. The rise in gold prices was primarily driven by demand from global central banks and heightened expectations of a Federal Reserve interest rate cut this year. In his speech at the recent Jackson Hole Symposium, Federal Reserve Chair Jerome Powell confirmed the beginning of a monetary policy easing cycle. A September interest rate cut is a done deal, while further Fed actions will depend on economic data. Market participants expect at least one more interest rate reduction by the end of the 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

USDJPY: the yen strengthens following the Bank of Japan governor’s speech The USDJPY pair continues to decline following Kazuo Ueda’s statements on the interest rate hike in Japan. In contrast, the Federal Reserve is considering lowering interest rates. Find out more in our analysis dated 23 August 2024. USDJPY technical analysis The USDJPY H4 chart shows that the market continues to form a consolidation range above the 145.00 level. This range could extend up to 147.00 and down to 144.44 today, 23 August 2024. A breakout below the range could trigger a downward move towards 142.88. The Bank of Japan governor’s statement, the upcoming speech by the Fed’s chair, and the USDJPY technical analysis in today’s USDJPY forecast suggest that a consolidation range above 145.00 could persist. 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) retraces after reaching an all-time high of 2,532 USD, but the uptrend may resume Although XAUUSD’s price dropped below 2,500 USD as part of a correction on Thursday, the prospects for further growth remain. Find out more in our XAUUSD analysis for today, 23 August 2024. XAUUSD forecast: key trading points Market focus: market participants await today’s speech by Federal Reserve Chair Jerome Powell at the Jackson Hole Symposium Current trend: gold is trading in a strong uptrend, with growth likely after the correction XAUUSD forecast for 23 August 2024: 2532 and 2450 Fundamental analysis XAUUSD quotes retraced, dropping below 2,500 USD during Thursday’s trading. The recent strong growth in gold prices was largely driven by increased expectations of a Federal Reserve interest rate cut this year. The current correction may be due to profit-taking by some investors. Federal Reserve Chair Jerome Powell will deliver a speech at the Jackson Hole Symposium today. The Fed’s decisive stance on future interest rate reductions will provide gold with additional upward momentum. Conversely, if his speech raises doubts about future cuts, this may strengthen the US dollar and prompt further correction in the XAUUSD price. 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 reaches a new annual high: the US dollar suffers heavy losses The EURUSD pair has skyrocketed to levels last seen in December 2023. The US dollar remains under tremendous pressure. Find out more in our analysis dated 22 August 2024. EURUSD technical analysis The EURUSD H4 chart shows that the market has broken above the 1.1135 level and completed a growth wave, reaching 1.1173. The EURUSD rate is expected to decline to 1.1135 (testing from above) today, 22 August 2024. The EURUSD pair is reaching 2024 highs and continues to climb. Technical indicators in today’s EURUSD forecast suggest that the growth wave could extend to 1.1195, marking the completion of growth potential. 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

AUDUSD likely to rise further The Australian dollar may benefit from the forecasted rise in unemployment and a decline in the US PMI. Find out more in our analysis dated 22 August 2024. AUDUSD forecast: key trading points Australia’s manufacturing PMI: previously at 47.5, currently at 48.7 Australia’s services PMI: previously at 50.4, currently at 52.2 US services PMI: previously at 55.0, projected at 54.0 US initial jobless claims: previously at 227,000, projected at 232,000 AUDUSD forecast for 22 August 2024: 0.6764, 0.6555, 0.6416, and 0.6200 Fundamental analysis The Purchasing Managers’ Index reflects a country’s level of manufacturing activity over the previous period. A reading above 50.0 indicates economic growth, while a reading below 50.0 signals a contraction. Australia’s current manufacturing PMI is 1.2 points higher than the previous reading. Although theoretically this increase could be considered a positive sign for the Australian dollar, the index remains below the 50.0 level, which is a negative factor. Australia’s services PMI also rose from the previous reading, coming in at 52.2 points. Overall, the fundamental analysis of Australia’s data for 22 August 2024 is positive for the AUDUSD rate. The US services PMI is projected to decrease to 54.0 from the previous reading. According to the forecast, US initial jobless claims are expected to increase to 232,000 from 227,000 over the past week. Overall, today’s AUDUSD forecast may be considered favourable for the Australian dollar. However, it is essential to note that the US will release data today, which could affect the market situation. 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 forecast: XAUUSD is trading above 2,500 USD; the market awaits the Fed’s minutes XAUUSD price continued its surge on Tuesday, reaching a new annual and all-time high of 2,532 USD. Today, the market’s focus is on the release of the Federal Reserve minutes. Find out more in our XAUUSD analysis for today, 21 August 2024. XAUUSD fundamental analysis XAUUSD quotes are experiencing a strong uptrend, regularly reaching all-time highs. A triangle price pattern has formed on the H4 chart, which could signal a continuation of the XAUUSD price growth, with an approximate target at 2,600 USD per troy ounce XAUUSD analysis shows that gold continues to rise steadily, reaching a new all-time high of 2,532 USD. The market is focused on the release of the Federal Reserve’s July meeting minutes, which may affect the XAUUSD forecast further. Read more - XAUUSD 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 at a two-week low: the US dollar remains weak The USDJPY pair continues to decline, with sentiment towards the US dollar decreasing. Find out more in our analysis dated 21 August 2024. USDJPY forecast: key trading points The USDJPY pair weakens further Investors are focused on the upcoming decisions of the US Federal Reserve USDJPY forecast for 21 August 2024: 147.77, 150.55, and 156.00 Fundamental analysis The USDJPY rate dipped to 145.72 on Wednesday, marking a two-week low. The Japanese yen appears relatively strong, but this is largely because the US dollar is currently unattractive. Investors believe the US Federal Reserve will soon be compelled to reduce borrowing costs to avoid an economic downturn. Today, attention is on the Federal Reserve’s latest meeting minutes. Subsequently, investors will watch the speech by Federal Reserve Chair Jerome Powell, which is due on Friday. The possibility of the Bank of Japan hiking interest rates remains under review. At the end of the week, BoJ official Kazuo Ueda will clarify his actions in a speech to the Japanese parliament. The USDJPY forecast suggests that the yen will remain in a strong position. RoboForex Market Analysis & Forex Forecasts. Attention! Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews. Sincerely, The RoboForex Team

USDJPY: the US dollar strengthens again; the yen loses ground The USDJPY pair is attempting to regain ground after a decline. The Japanese prime minister elections are scheduled for 27 September. Find out more in our analysis dated 20 August 2024. USDJPY forecast: key trading points The forecast for 20 August 2024 shows that the market has corrected towards 145.20 on the USDJPY H4 chart. This level is considered a minimum for the correction, with a decline to 145.00 being possible. The FOMC member’s speech, the elections in Japan, and the USDJPY technical analysis in today’s USDJPY forecast suggest a growth wave towards the 150.55 and 156.00 levels. 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

EURUSD: employment market risks prompt the Fed to lower interest rates The EURUSD rate slightly declines following two trading sessions of growth. Find out more in our analysis dated 20 August 2024. EURUSD forecast: key trading points The EURUSD pair corrects after two trading sessions of growth and reaching a 33-week high Investors refrain from making aggressive investment decisions ahead of a speech by Federal Reserve Chair Jerome Powell Analysts suggest the Federal Reserve may lower interest rates by 25 or 50 basis points in September EURUSD forecast for 20 August 2024: 1.0980, 1.0933, and 1.0880 Fundamental analysis After the EURUSD pair reached a 33-week high, its growth slowed. Investors preferred to refrain from making significant bets ahead of Federal Reserve Chair Jerome Powell’s speech expected on Friday. Traders are eagerly awaiting the release of the latest FOMC minutes scheduled for Wednesday as they should provide insight into further monetary policy actions. Analysts believe that the regulator may reduce interest rates as early as September. However, it is still unclear whether this will be a 25 or 50-basis-point cut. The market has probably already priced in a 25-basis-point cut, while a stronger tightening could drive a surge in the EURUSD rate. Meanwhile, Federal Reserve Bank of Minneapolis President Neel Kashkari said on Monday it was appropriate to discuss a September interest rate cut due to increasing employment market risks. Federal Reserve Bank of San Francisco President Mary Daly and Federal Reserve Bank of Chicago President Austan Goolsbee supported this opinion in their statements, hinting at a potential move as early as next month. Today’s EURUSD forecast shows that such statements exert pressure on 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 is on the rise: investors bet on Fed’s softness The EURUSD rate continues its ascent. The primary currency pair is developing a real rally, driven by a relatively soft tone of the US Federal Reserve. Investors hope to find confirmation of this in the last meeting minutes due this Wednesday. Federal Reserve Chair Jerome Powell is also expected to deliver a speech on Friday. EURUSD technical analysis The EURUSD H4 chart shows that the market has completed a growth structure at 1.1012 and formed a consolidation range. After breaking above the range, the market maintains its upward trajectory, aiming for 1.1042. The EURUSD pair maintains upward momentum. Technical indicators in today’s EURUSD forecast suggest that the growth wave will be complete at 1.1042, followed by a decline to the 1.0980, 1.0930, and 1.0880 levels. Read more - EURUSD Forecast Attention! Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews. Sincerely, The RoboForex Team

GBPUSD may rise further to 1.3000 The British pound continues to strengthen against the US dollar despite scarce UK news. Find out more in our analysis dated 19 August 2024. GBPUSD forecast: key trading points The Rightmove UK house price index (m/m): previously at -0.4%, currently at -1.5% A speech by Federal Reserve official Christopher Waller GBPUSD forecast for 19 August 2024: 1.2798 and 1.2630 Fundamental analysis A monthly change in the Rightmove UK house price index was published today. The indicator shows how much the average price of housing property for sale has changed over the reporting period. Data above the forecast and the previous value is a positive factor for the pound sterling. Weaker-than-expected statistics reflect negative developments. Although the indicators are currently below the previous readings, they did not have a significant impact on the GBPUSD rate. Federal Reserve Governor Waller will deliver a speech at the beginning of the US trading session and might shed light on the Fed’s monetary policy. A decision to change the US interest rate is expected in September; a reduction is only likely if inflation indicators stabilise. Analysis for 19 August 2024 shows that if the interest rate changes, this could further weaken the US dollar and push up the GBPUSD pair after a correction. 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 temporarily strengthens amid signs of stabilisation in the New Zealand economy The NZDUSD rate rises on Friday after rebounding from the 0.5975 support level. Find out more in our analysis dated 16 August 2024. Despite the morning’s strengthening of the NZDUSD rate, New Zealand’s manufacturing sector is still facing challenges. Although the BusinessNZ PMI increased to 44.0 points in July from 41.1 in June, it remains significantly below the long-term average of 52.6 points, marking 17 consecutive months of contraction in manufacturing and highlighting serious challenges in the sector. New Zealand's producer inflation in Q2 2024 was also higher than expected. Prices of production resources rose by 1.4% from the previous quarter mainly due to rising prices for energy and gas supplies. This increases pressure on the industry and may negatively impact the country’s economy as a whole. Meanwhile, Reserve Bank of New Zealand Governor Adrian Orr noted that the cash rate could be cut by another 50 basis points by the end of the year as inflation is moving towards the 1-3% target range. According to today’s NZDUSD forecast, this statement will help strengthen the New Zealand dollar as it gives hope for a certain stabilisation of the economic environment in the near term. NZDUSD technical analysis On the NZDUSD H4 chart, the market has formed a consolidation range around 0.6000 and, breaking above it, reached a local target of 0.6082. There was a technical return to 0.5980 (testing from above) today, 16 August 2024. The growth wave is expected to extend to 0.6115. This growth structure is considered a correction of the previous downward wave. Once the correction is complete, a new downward wave could begin, aiming for (at least) 0.5800. While expectations of economic stabilisation have temporarily supported the NZDUSD rate, the potential easing of the RBNZ monetary policy may exert pressure on the New Zealand dollar in the near term. Technical indicators in today’s NZDUSD forecast suggest a correction towards 0.6115, followed by a downward wave towards 0.5800. Read more - NZDUSD 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 has risen: the US dollar is in a strong position, while the yen is afraid of the news The USDJPY pair is in positive territory. The market evaluates a variety of news. Find out more in our analysis dated 16 August 2024. USDJPY forecast: key trading points The USDJPY pair is actively rising The yen rate comes under pressure from domestic news USDJPY forecast for 16 August 2024: 149.89 and 150.55 Fundamental analysis The USDJPY rate rose significantly and tested the 149.00 level on Friday morning, resulting in the yen’s fall to a two-week low. The US dollar strengthened on the back of stronger-than-expected US statistics. The released reports somewhat eased stock market concerns about a recession in the world’s major economy. The JPY is under some pressure from domestic political news. It was announced yesterday that Japan’s Prime Minister Fumio Kishida will not seek another term as his party’s leader in September. In fact, this will mark the end of his tenure as the country’s prime minister. A local imbalance is not favourable news for the yen. The USDJPY forecast suggests persistent pressure on the yen. The previously released statistics showed that the Japanese economy has grown by 0.8% quarter-over-quarter in Q2 2024, exceeding expectations of a 0.5% increase. The GDP rose by 3.1% year-over-year after declining by 2.3% at the beginning of the year. Market analysis for other instruments can be found in the section "Market analysis" on our website. 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 declines further in anticipation of index data A deterioration in the actual US index data may push the USDCAD pair lower. Find out more in our analysis dated 14 August 2024 The Thomson Reuters/Ipsos Primary Consumer Sentiment Index measures consumer sentiment based on a target group survey. The index has gradually declined over the past three months, with the previous reading at 46.97, indicating negative consumer sentiment. Although the forecast for 14 August 2024 based on actual data may be disappointing, it will unlikely have a significant impact on the USDCAD rate. Today’s USDCAD forecast does not favour the US dollar. The US will release a set of data, including July’s year-over-year and month-over-month consumer price indices, which may aggravate the situation. The Consumer Price Index reflects changes in consumer goods and services prices and is a key indicator for the direction of purchases and US inflation. Readings below the forecast are considered negative for the US dollar, while those above are considered positive. The forecast suggests that the index may rise 0.2% month-over-month and remain flat at 3.0% year-over-year. Expectations that the estimates will align with actual data are so far low. A decrease in the indicators may push the USDCAD rate further down. Actual data aligning with the forecast may also cause the US dollar to lose ground against the Canadian dollar. USDCAD technical analysis Analysis for 14 August 2024 shows that the USDCAD pair continues its downward momentum towards 1.3696, the first target. The price is expected to reach this target level today. Subsequently, a correction towards 1.3820 could follow. Once the correction is complete, a downward wave could develop, aiming for 1.3636 and potentially continuing towards 1.3500. A decrease in the actual US index readings will confirm the results of the USDCAD technical analysis. Today’s USDCAD forecast suggests that a downward wave could develop towards the 1.3696, 1.3636, and 1.3500 levels, driven by the dollar’s loss of position. Read more - USDCAD 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

Meta’s shares are trading at an all-time high. Is there potential for further growth? Meta Platforms (NASDAQ: META) stock is the only stock among the Magnificent Seven that did not fall after the release of its Q2 2024 report. The company showed robust performance over the past quarter. This article will provide a fundamental analysis of Meta Platforms, outlining its strengths and weaknesses and examining a forecast based on a technical analysis of Meta’s stock. Meta Platforms Q2 2024 report Meta announced solid financial Q2 2024 results. Below are the figures compared to the same period in 2023: Revenue – 39.74 billion USD (+22%) Net income – 13.46 billion USD (+73%) Earnings per share – 5.16 USD (+73%) Operating margin – 38% (+900 basis points) Advertising revenue – 38.20 billion USD (+21%) Number of daily active users – 3.27 billion (+7%) Advertising remains the primary revenue stream, contributing to 96% of the company’s total revenue. The Reality Labs unit, which specialises in developing virtual and augmented reality (VR and AR) technologies, has only generated losses so far. By the end of Q2 2024 results, Reality Labs’ loss reached 4.50 billion USD, an increase of 21%. Meta Platforms, Inc.’s forecast for Q3 2024 Meta’s Chief Financial Officer, Susan Li, forecasts revenue for Q3 2024 to be between 38.50 billion USD and 41.00 billion USD, representing a 12–20% increase compared to the same period in 2023. The Reality Labs division is expected to continue incurring operating losses, which are anticipated to grow as the company invests in new product development and expands its ecosystem. Capital expenditures for 2024 are projected to be between 37.00 billion USD and 40.00 billion USD, 2.00 billion USD more than previously estimated. Further increases in spending are expected in 2025, as the company plans to invest in artificial intelligence research and the development of new products. Market analysis for other instruments can be found in the section "Market analysis" on our website. 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