RBFX Support

Brent declined to the 76.00 USD support level Brent quotes continue to decline within a downward correction, with the asset finding support from buyers in the 75.60-76.00 USD area yesterday. More details in our Brent analysis for today, 28 January 2025. Brent forecast: key trading points Current trend: a downward correction continues The US oil inventories statistics from the American Petroleum Institute (API) will be released today Brent forecast for 28 January 2025: 75.60 and 77.00 Fundamental analysis Brent prices declined to a two-week low within the current downward correction. Oil prices are under pressure from concerns about falling demand from China, the world’s largest oil importer, and the tough economic policy of Donald Trump, who calls on OPEC to cut oil prices. The US API oil inventories statistics will be published today, with the Energy Information Administration (EIA) data scheduled for release tomorrow. A decrease in oil reserves may support Brent quotes, while growth will push the asset prices lower. RoboForex Market Analysis & Forex Forecasts Attention! Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews. Sincerely, The RoboForex Team

USDCAD: the Canadian dollar loses ground against the USD again Lower wholesale sales in Canada and positive US fundamental data may propel the USDCAD pair further to 1.4440. More details in our analysis for 27 January 2025. USDCAD technical analysis On the H4 chat, the USDCAD price formed an Inverted Hammer reversal pattern near the lower Bollinger band. At this stage, it continues developing a growth wave following the signal received. Since the quotes remain within an ascending channel, the upward wave is expected to continue to the nearest resistance level at 1.4440. A breakout above this level would open the potential for a more substantial uptrend. Alongside the USDCAD technical analysis, low fundamental indicators from Canada suggest growth to the 1.4440 resistance level. 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 declined: the Fed and Trump’s plans ahead The EURUSD pair tumbled to 1.0464. The market is awaiting the Federal Reserve meeting this week and taking into account the signals from the White House. Find out more in our analysis for 27 January 2025. EURUSD forecast: key trading points The EURUSD pair started the week with a slight decline All eyes are on the outcome of the upcoming Federal Reserve meeting and its intentions regarding March EURUSD forecast for 27 January 2025: 1.0432 and 1.0385 Fundamental analysis The EURUSD rate fell to 1.0464 on Monday. The new week of January will be eventful. On Wednesday, the Federal Reserve will decide on the interest rate. The markets will primarily focus on signals regarding the March meeting. If inflation declines and approaches the Fed target of 2%, the interest rate will have to be lowered. Friday’s US statistics showed a slowdown in business activity to a nine-month low in January. This happened amid rising price pressures. At the same time, data was released showing that existing home sales in the country soared to a 10-month high in December. The market is very positive about Donald Trump’s program “America First”. However, against this backdrop, inflationary pressures have accelerated to a four-month peak. At the same time, companies are hiring at the fastest pace since 2022. The EURUSD forecast is so far neutral. RoboForex Market Analysis & Forex Forecasts Attention! Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews. Sincerely, The RoboForex Team

AUDUSD is at a five-week high supported by positive US and Chinese data The AUDUSD pair rose to 0.6314 on Friday. Investors are keeping an eye on the issue of US tariffs on China. Discover more in our analysis for 24 January 2025. AUDUSD technical analysis On the AUDUSD H4 chart, quotes still have an opportunity to consolidate above 0.6323. In this case, a new growth target will be the area between 0.6325 and 0.6350. The AUDUSD pair has markedly strengthened. 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

XAUUSD forecast: Gold continues to strengthen against the US dollar A potential rise in inflation and a decrease in the US PMI could support Gold growth to 2,790 USD. More details in our XAUUSD analysis for today, 24 January 2025. XAUUSD forecast: key trading points The University of Michigan US inflation expectations: previously at 2.8%, projected at 3.3% US services PMI: previously at 56.8, projected at 56.4 Current trend: moving upwards XAUUSD forecast for 24 January 2025: 2,790 and 2,750 Fundamental analysis The XAUUSD forecast for 24 January 2025 shows that the pair continues to form a growth wave. The University of Michigan's US inflation expectations will be released at the beginning of the US trading session. The previous reading was 2.8%, and the forecast for 24 January 2025 suggests that inflation may rise to 3.3%, affecting XAUUSD prices. The US services Purchasing Managers’ Index (PMI) is projected to decrease to 56.4 given that it has been gradually increasing over the past three months. A weaker-than-forecast actual reading may lead to the weakening of the US dollar. A stronger-than-expected PMI could support the US dollar to some extent. The XAUUSD price forecast appears rather optimistic, with prices having the potential to reach new highs. 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 failed to breach the 1.0450 resistance level The EURUSD pair is undergoing an upward correction after forming a local low. The bulls were unable to surpass the 1.0450 resistance level immediately. Find out more in our analysis for 23 January 2025. EURUSD forecast: key trading points Donald Trump has not yet imposed new trade tariffs on the European Union Current trend: upward correction EURUSD forecast for 23 January 2025: 1.0450 and 1.0350 Fundamental analysis The EURUSD rate strengthened, rising to a five-week high of 1.0450, following news that US President Donald Trump held off on imposing stricter trade tariffs on the European Union. Nevertheless, concerns remain about potential near-term restrictions from the US. In her speech, ECB President Christine Lagarde urged Europe to prepare for possible US trade sanctions. Regarding monetary policy, the ECB is expected to continue easing by reducing the benchmark interest rate by 25 basis points next week. 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) will continue to rise after a minor correction Gold (XAUUSD) is hovering near 2,752 USD per troy ounce, supported by demand for safe-haven assets and the relative neutrality of the US dollar. Discover more in our analysis for 23 January 2025. XAUUSD technical analysis On the Gold (XAUUSD) H4 chart, conditions indicate a potential corrective decline to 2,740 USD. If prices reach this level, the next selling target may be 2,724 USD. The Gold (XAUUSD) forecast for 23 January 2025 suggests that the first support level will likely be sufficient to trigger a correction. Gold (XAUUSD) prices have temporarily paused their upward trajectory, but the global outlook remains positive. 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

GBPUSD: the pair reversed upwards, securing above 1.2300 The GBPUSD rate has established a local low on the price chart and is rising within an upward correction this week. Find out more in our analysis for 22 January 2025. GBPUSD technical analysis On the H4 chart, the GBPUSD pair is experiencing an upward correction after rebounding from the 1.2100-1.2140 support area, with the Alligator indicator pointing to growth. The daily trend remains downward, suggesting the price could continue to decline once the current correction is complete. The GBPUSD pair has risen above 1.2300 within the current upward correction. 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 holds steady ahead of the Bank of Japan meeting The USDJPY pair is hovering around 155.80, with the market focus on the future BoJ interest rate decision. Discover more in our analysis for 22 January 2025. USDJPY forecast: key trading points The USDJPY pair is subdued, awaiting news The market forecasts a Bank of Japan interest rate hike at the upcoming meeting USDJPY forecast for 22 January 2025: 155.85 and 156.59 Fundamental analysis The USDJPY rate stands at 155.80 on Wednesday. The Japanese yen has paused its recent rally as investors conserve their strength for future movements. Market attention is focused on the upcoming Bank of Japan meeting this week. Supported by hawkish statements from certain monetary policymakers, baseline stock market expectations indicate that the BoJ will increase the interest rate. The rate hike would raise Japan’s short-term borrowing costs to 0.5%, marking the highest level since the 2008 financial crisis. The Bank of Japan meeting is more crucial than external events. The US dollar is in a weak position, as the excitement over trade tariffs and inflation stabilisation offers little support to the US currency. The USDJPY forecast appears neutral. RoboForex Market Analysis & Forex Forecasts Attention! Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews. Sincerely, The RoboForex Team

EURUSD 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