RBFX Support

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

Gold (XAUUSD) holds around record highs XAUUSD price remains elevated. Find out more in our XAUUSD analysis for today, 13 August 2024. XAUUSD price declined to 2,462 USD per troy ounce on Tuesday after hitting new peaks. Investors continue to seek gold as a safe-haven asset amid escalating geopolitical tensions, primarily in the Middle East. In the near term, the market will closely watch statistics, particularly the US Consumer Price Index data scheduled for release on Wednesday. These figures will provide further insight into the Federal Reserve’s future actions regarding interest rates. XAUUSD technical analysis The XAUUSD H4 chart indicates that the market has established a consolidation range around 2,426.62 and, after breaking above this level, reached the local target of 2,474.44 for the growth wave. The mid-term XAUUSD price forecast has been realised. Today. 13 August 2024, a correction towards 2,426.62 (testing from above) could continue. Once the correction is complete, a new growth wave could develop, targeting 2,488.94. Gold (XAUUSD) prices remain high. Technical indicators suggest a potential decline in XAUUSD quotes to 2,426.62, followed by a rise to 2,488.94. Read more - XAUUSD 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 is strengthening amid a mixed situation in Switzerland Although the USDCHF rate is rising for the second consecutive session, it has yet to secure a position above the resistance level. Find out more in our analysis dated 13 August 2024. USDCHF forecast: key trading points Switzerland’s consumer confidence index increased to -32.4 points in July 2024 Retail sales in the Swiss economy fell by 2.2% year-over-year in June Unemployment numbers increased in July 2024, reaching a four-month high USDCHF forecast for 13 August 2024: 0.8645 and 0.8505 Fundamental analysis The US dollar shows moderate strength. Tomorrow’s US Consumer Price Index could significantly influence forecasts for future Federal Reserve interest rate changes and increase volatility in the USDCHF rate. Analysts note that high CPI readings might limit an interest rate cut to 25 basis points, while low readings could lead to a reduction of 50 basis points or more in September. Switzerland’s consumer confidence index rose to -32.4 points in July 2024, up by 4.2 points from the previous value and significantly above analysts’ forecasts. This indicates increased optimism among the population, although the overall sentiment remains negative. Meanwhile, Switzerland’s retail sales unexpectedly decreased by 2.2% year-over-year in June 2024, marking a significant decline compared to the projected 0.5% growth and the previous reading. The number of unemployed people rose by 3,198 in July 2024, reaching a four-month high of 107,716. Although the unemployment rate remained low at 2.3%, this raised concerns among investors. According to the USDCHF forecast for today, Switzerland’s weak economic data may support the growth of the US dollar. 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

GBPUSD rises for four days: risk appetite increases The GBPUSD pair has risen for four consecutive trading days, improving market sentiment. Find out more in our analysis dated 12 August 2024. The GBPUSD rate rose to 1.2766 on Monday. The market continues its recovery from the local low reached last week. Investors are assessing the likelihood of a Bank of England interest rate cut soon. Due to the specific nature of UK inflation, the pace of monetary policy easing might be half that of the Federal Reserve. The BoE will likely announce a 100-billion-pound (127 billion USD) asset reduction in its balance sheet over the 12 months from October 2024 to September 2025. This represents a very gradual pace of winding down stimulus. If the volume is reduced by 100 billion pounds, debt sales will amount to less than 13 billion. The balance sheet reduction will take considerable time. GBPUSD technical analysis Analysis for 12 August 2024 indicates that the GBPUSD pair has completed its first downward wave, reaching 1.2666. The market then rose to 1.2771. A consolidation range is expected to develop above this level today. If there is an upward breakout, a correction could extend to 1.2870. Once the correction is complete, a new downward wave might begin, aiming for 1.2640. A breakout below this level would open the potential for a wave towards the local target of 1.2400, aligning with the trend. The GBPUSD pair is recovering steadily. However, technical indicators in today’s GBPUSD forecast suggest a correction towards 1.2870, followed by a potential decline in the GBPUSD rate to the 1.2640 and 1.2400 levels. Read more - GBPUSD 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 may continue its ascent after a recent decline A positive USDA report may support the US dollar and drive further growth in the USDJPY rate. Find out more in our analysis dated 12 August 2024 USDJPY trading key points US Department of Agriculture (USDA) report on world agricultural supply and demand estimates A report on US federal budget execution: previously at -66.0 billion, forecasted at -254.3 billion USDJPY forecast for 12 August 2024: 150.00 and 155.25 Fundamental analysis The monthly US Department of Agriculture (USDA) report provides up-to-date forecasts for global and national balances between the supply and use of key cereal crops, soybeans, derivative products, and cotton. Additionally, it includes data on US domestic supply and consumption of sugar and livestock products. Positive key indicators may support the US dollar against the Japanese yen. The monthly federal budget execution report estimates the difference between government revenues and expenditures for a specific month by calculating the difference between inflows and spending. A negative reading indicates a budget deficit, while a positive reading suggests a surplus. Analysis for 12 August 2024 shows that a budget deficit is projected to increase to -254.3 billion US dollars. This could negatively impact the US dollar, causing the USDJPY rate to fall. 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

NZDUSD continues to regain ground after decline Despite a reduction in NZD speculative net positions, the NZDUSD pair continues to strengthen. The New Zealand dollar is gaining against the US dollar. Find out more in our analysis for today, 9 August 2024. The Commodity Futures Trading Commission (CFTC) weekly report analyses non-commercial traders’ (speculators’) speculative positions in the US futures markets. The information is presented as the difference between traders’ long and short positions on Chicago’s and New York’s futures platforms. The CFTC report is published every Friday at 3:30 pm EST and covers data up to the previous Tuesday. According to recent data, the number of speculative long positions in the New Zealand dollar has decreased for two consecutive weeks, suggesting that bearish sentiment dominates the market. Although CFTC Gold’s speculative net positions decreased according to the previous report, long positions continue to increase overall. NZDUSD technical analysis The NZDUSD H4 chart shows that the market has formed a consolidation range around 0.5950. The price broke above this range today, 9 August 2024. A growth wave is expected to continue towards 0.6050. This upward movement is considered a correction of the previous downward trend. Once the correction is complete, a new downward phase could begin, aiming for 0.5800. Limited fundamental data, combined with the NZDUSD technical analysis in today’s NZDUSD forecast, suggests that the pair may continue to correct towards 0.6050. After testing this level, a downward movement could start, targeting 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

Gold (XAUUSD) rises moderately, returning to the price area above 2,400 USD XAUUSD price reversed upwards and closed yesterday’s session with a moderate gain, establishing a foothold above 2,400. The upward movement may continue. Find out more in our XAUUSD analysis for today, 9 August 2024. XAUUSD trading key points Market focus: gold prices are rising amid geopolitical tensions in the Middle East Current trend: gold is trading within a broad range; the long-term trend is upward XAUUSD forecast for 9 August 2024: 2,400 and 2,450 Fundamental analysis XAUUSD quotes experienced sustained growth yesterday, returning to the price area above 2,400 USD. The downward correction appears to be over, and gold may test its all-time high of 2,483 in the short term. Fundamentally, the XAUUSD rate is supported by expectations for an imminent US Federal Reserve interest rate cut, which will gradually cause the US dollar to lose ground. Gold is also in demand as a safe-haven asset amid rising geopolitical tensions in the Middle East. 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

RBA’s hawkish comments support AUDUSD The AUDUSD rate is rising on Thursday morning; buyers are testing the resistance area. Find out more in our analysis dated 8 August 2024. The Australian dollar reached a two-week high, rising to 0.6560. Growth was driven by hawkish comments from Reserve Bank of Australia Governor Michele Bullock, who highlighted the central bank’s readiness to raise interest rates further to address inflation. The RBA maintained the interest rate at 4.35%, noting that a tight monetary policy is necessary to bring inflation down to the 2.00-3.00% target range. The regulator’s chief also ruled out the possibility of lowering rates in the next six months, dispelling investor hopes for a relaxation of RBA monetary policy. The AUDUSD rate was also bolstered by expectations that the Federal Reserve might more actively lower interest rates in the coming months amid signs of US economic weakness. AUDUSD technical analysis The H4 chart shows that the AUDUSD pair has completed a corrective wave, reaching 0.6572. The AUDUSD forecast for today, 8 August 2024, indicates a consolidation range forming around 0.6535, potentially extending to 0.6630. After the price reaches this level, another downward wave is expected to start, targeting the local level of 0.6200. The Reserve Bank of Australia’s hawkish comments have propelled the AUDUSD pair to a two-week high, and market expectations of a potential interest rate cut in December could support further growth. Technical indicators suggest a possible correction in the AUDUSD rate to 0.6630 today. Subsequently, the trend is expected to extend down to 0.6200. Read more - AUDUSD 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 continues to correct after a surge A decrease in France’s balance of trade and US initial jobless claims may fuel a continuation of the EURUSD correction. Find out more in our analysis dated 8 August 2024. EURUSD trading key points France’s exports: previously at 50.4 billion EUR France’s imports: previously at 58.2 billion EUR France’s balance of trade: previously at -8.0 billion EUR, forecasted at -7.5 billion EUR US initial jobless claims: previously at 249 thousand EUR, forecasted at 241 thousand EURUSD forecast for 8 August 2024: 1.0860 and 1.0820 Fundamental analysis France’s exports have remained relatively stable at around 50.0 billion over the past several years, compared to the previous reading of 50.4 billion. France’s imports have also remained steady within the 56-60 billion range over the past year, with the previous reading at 58.2 billion. The balance of trade shows the difference between the value of a country’s exports and imports. A trade surplus indicates that the country exports more than imports, while a negative trade balance means the opposite. The forecast suggests that the trade balance could decrease by 0.5 billion. This may have no significant impact on the EURUSD rate at present, but it could potentially help strengthen the euro in the long term. US initial jobless claims represent the number of people who claimed unemployment benefits for the first time during the previous week. This indicator measures the employment market climate, with an increase in initial jobless claims indicating rising unemployment. Analysis for 8 August 2024 shows that initial jobless claims are projected to decrease to 241 thousand, which could positively impact the US dollar. If the actual reading exceeds the forecast, the EURUSD pair could continue its corrective wave. 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: the market requires a correction before resuming an uptrend The USDCAD pair is easing off, with the market adjusting positions. Find out more in our analysis dated 7 August 2024. The USDCAD rate has fallen for the fourth consecutive trading day, with key movements around the 1.3773 level. Current movements are part of a corrective phase, though the broader fundamental environment does not favour risk appetite. Investors remain focused on slowing global growth, as reflected in falling oil prices and other commodities. The Canadian real estate market is also showing warning signs. It is gradually weakening, with increasing indications that consumers are depleting their resources. The likelihood of a 50-basis-point interest rate cut in Canada is relatively high, even more so than in the US. However, if the Federal Reserve acts first to reduce borrowing costs, the Bank of Canada is expected to follow suit swiftly. Fundamentally, the CAD has the potential to weaken. However, this may occur later as investors anticipate emerging threats. USDCAD technical analysis Analysis for 7 August 2024 indicates that the USDCAD pair continues its downward momentum towards the initial target of 1.3747. The price is expected to reach this target today, with a correction towards 1.3845. A further decline could develop once the correction is complete, targeting 1.3684 and potentially extending towards 1.3600. The USDCAD pair is undergoing a correction, but this movement appears to be short-term. Technical indicators in today’s USDCAD forecast suggest a further decline towards 1.3747, followed by a potential correction towards 1.3855. 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

EURUSD stabilises after reaching a seven-month high The EURUSD rate has declined for the second consecutive session, failing to sustain the levels observed at the beginning of 2024. Find out more in our analysis dated 7 August 2024. EURUSD trading key points The EURUSD pair has stabilised after reaching a seven-month high Germany’s trade balance surplus decreased to 20.4 billion EUR The US recorded a trade balance deficit of 73.1 billion USD Markets anticipate a Federal Reserve interest rate cut in September EURUSD forecast for 7 August 2024: 1.0880 and 1.0860 Fundamental analysis The EURUSD rate has stabilised near 1.0910 after rising to 1.1007. Investor concerns about a slowdown in the US economy were the primary drivers of the euro’s strengthening, while weak employment data have heightened expectations for a more substantial interest rate cut from the Federal Reserve in September. Meanwhile, Germany’s trade surplus fell to 20.4 billion EUR in June, missing expectations due to declining exports and rising imports. At the same time, an unexpected 3.9% increase in Germany’s factory orders in July provided a positive signal for the manufacturing sector, which has been facing challenges. In June 2024, the US recorded a trade deficit of 73.1 billion USD, which, while lower than the previous month, exceeded analysts’ forecasts. Exports of goods and services increased by 1.5% to 265.9 billion USD, reaching a four-month high. Imports rose by 0.6% to 339 billion USD, marking the highest reading since June 2022. Today’s EURUSD forecast suggests that markets anticipate a significant 50-basis-point interest rate cut from the Federal Reserve in September, with additional reductions of over 100 basis points throughout the year. However, most analysts consider the recent sell-off in the US dollar an overreaction to weak employment data and do not expect aggressive Federal Reserve action before September. 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

EURUSD leapt and fell: the currency market reached equilibrium The EURUSD pair is poised for a correction. The strain level has subsided. Find out more in our analysis dated 6 August 2024. The EURUSD pair retreated to 1.0951 on Tuesday. The market slightly cooled after the price reached a new multi-week high of 1.1010 yesterday. Investors had previously positioned themselves against the US dollar in response to Friday’s US employment market statistics and their concerns about a potential recession, with a subsequent weak ISM manufacturing report adding to these fears. In this context, investors expected the Federal Reserve to lower interest rates immediately to prevent a recession. Such actions by the Fed could undermine confidence in the regulator and adversely impact inflation expectations. The market is gradually stabilising now. The Federal Reserve did not take any significant action or make notable announcements, which reassured the market. In the short term, reduced speculation about an imminent interest rate cut should support the US dollar, pushing the EURUSD rate down. EURUSD technical analysis The H4 chart shows that the EURUSD pair has completed a downward wave, reaching 1.1000. The initial phase of this downward wave could develop today, 6 August 2024, aiming for 1.0820. The EURUSD rate declined to 1.0955 and corrected this downward impulse, reaching 1.0985. Subsequently, the market returned to 1.0955, forming a narrow consolidation range around this level. A break below this range is expected, targeting 1.0924 and potentially extending the decline towards 1.0903. The EURUSD pair corrected towards a local high. Technical indicators in today’s EURUSD forecast suggest that the downward wave could extend to 1.0903, potentially continuing the trend towards 1.0820 and 1.0800 levels. Read more - EURUSD 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

Positive US macroeconomic data drives USDJPY upwards The USDJPY rate is rising amid increased business activity in the US. Find out more in our analysis dated 6 August 2024. USDJPY trading key points The US services PMI increased to 51.4 points, exceeding previous readings and analysts’ forecasts Federal Reserve Bank of San Francisco President emphasised the importance of preventing a decline in the employment market The strongly oversold USDJPY pair makes the Japanese yen vulnerable to positive US economic data USDJPY forecast for 6 August 2024: 148.20 and 149.20 Fundamental analysis The Japanese yen dipped to 145.75 per US dollar, retreating from seven-month highs. This decline is caused by a statement from Federal Reserve Bank of San Francisco President Mary Daly and a stronger-than-expected services report. The US ISM services PMI rose to 51.4 points in July 2024, up from the previous reading of 48.8 and exceeding analysts’ forecasts. The increase is driven by a rise in new orders, which reached 52.4 points in July, up from 47.3 the previous month. This indicator signals increased demand for services and the general strengthening of business activity. The President of the Federal Reserve Bank of San Francisco, Mary Daly, underscored the critical need to prevent a decline in the employment market. She expressed readiness to lower interest rates if necessary and emphasised the need for a proactive policy. Traders now expect the Federal Reserve to ease monetary policy by 110 basis points this year, with the likelihood of a 50-basis-point interest rate cut in September estimated at 75%. Today’s USDJPY forecast indicates that the strongly oversold pair makes the Japanese yen vulnerable to positive US macroeconomic data, prompting investors to shift their preference towards the US currency. 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