Fresh-Forexcast2004

Fresh-Forexcast2004

Since March 2024, we've witnessed a significant decline in the cryptocurrency market. During this time, the price of Bitcoin (BTCUSD) has dropped by 20-30%, and many altcoins have lost 50-70%, retesting the lows of June 2022. Market participants, especially those who bought at March highs, are growing nervous, with many questioning the future of cryptocurrencies...

Fresh-Forexcast2004

The EUR/USD currency pair reached a new high for September following the Federal Reserve's (the Fed) unexpected decision to cut interest rates by 50 basis points on Wednesday. This development has boosted risk appetite and prompted traders to adopt a more bullish stance. This is the first occasion on which the Federal Reserve has reduced interest rates for a...

Fresh-Forexcast2004

Event to pay attention to today: 15:30 GMT+3. USD - FOMC Rate Decision USDJPY: The USD/JPY pair saw a fresh wave of selling during the Asian session on Wednesday, with the pair dropping below 142.000 in the last hour. This reversed some of the gains made overnight and paused the recovery from the lowest level since July 2023, which was reached earlier in the...

Fresh-Forexcast2004

Event to pay attention to today: 15:30 GMT+3. USD - Retail Sales GBPUSD: The GBP/USD pair reached a high on a relatively quiet Monday, marking the start of the new trading week with a renewed bullish sentiment and a move back towards 1.32000. Investor sentiment remains positive as markets anticipate significant central bank speeches this week, with a...

Fresh-Forexcast2004

Oil prices are falling rapidly due to several factors: Increased crude production in the U.S. and other countries not part of the OPEC+ agreement. Decreased demand from a major consumer, China. In August, demand dropped by 7% year-over-year. On September 10, 2024, the price of #BRENT oil fell to $68.44 per barrel — the lowest since December 2021!...

Fresh-Forexcast2004

The EUR/USD currency pair commenced the week on a positive note, rising to the 1.10900 level during the Asian trading session on Monday. Investors are now awaiting the US Federal Reserve's (the Fed) decision, which is expected later this week. There is still no consensus among market participants as to whether the Federal Reserve will cut interest rates by 25 or...

Fresh-Forexcast2004

The USD/JPY pair weakened further below the mid 141.000s during the Asian session on Friday and is now back closer to the YTD low reached earlier this week. Moreover, the fundamental backdrop seems to be leaning in favor of bearish traders and supports the prospects of a continuation of the established downtrend seen over the past two months. The US Dollar (USD)...

Fresh-Forexcast2004

An event to look out for today: 15:30 GMT+3. USD - Number of Initial Jobless Claims GBPUSD: GBP/USD remains under pressure, trading near 1.3040 as the market reacted to the latest US inflation data. Economic activity data released during the European session seems to have put additional pressure on the pound. While core inflation fell, the annualised core...

Fresh-Forexcast2004

Event to pay attention to today: 15:30 GMT+3. USD - Consumer Price Index EURUSD: The EUR/USD exchange rate ended a three-day losing streak on Wednesday, trading near 1.10500 during the Asian session. The increase in EUR/USD can be attributed to a decline in the value of the US dollar in anticipation of the release of the North American Consumer Price Index...

Fresh-Forexcast2004

The USD/JPY pair is turning positive for the second consecutive day after declining early in the Asian session to the 142.850 area, although it lacks bullish confidence. Spot prices are currently trading with a slight positive bias just below the mid-143.000s and remain within striking distance of the one-month low reached last Friday. The Japanese Yen (JPY)...

Fresh-Forexcast2004

GBPUSD: The GBP/USD pair is attracting some dip buying during the Asian session on Monday. The pound is once again aiming for the 1.3150 price level, although a combination of factors could prevent further gains. The closely-watched US employment data released on Friday suggests that labour market growth is slowing more than expected and adds to concerns over...

Fresh-Forexcast2004

An event to look out for today: 15:30 GMT+3. USD - Unemployment Rate EURUSD: EUR/USD posted a second consecutive day of gains on Thursday, breaking above 1.1100 as markets actively sold off the US Dollar ahead of Friday's highly anticipated US Non-Farm Payrolls (NFP) report. Markets are looking for further signs that the Federal Reserve (Fed) is ready for an...

Fresh-Forexcast2004

#NVIDIA shares plunged by 9.5% due to an antitrust investigation by the U.S. Department of Justice. This drop resulted in a $279 billion loss in NVIDIA's market capitalization, marking the largest single-session stock decline in the history of U.S. public companies. FreshForex experts have analyzed the key risk factors affecting the company’s stock value: ...

Fresh-Forexcast2004

Events to watch out for today: 15:30 GMT+3. USD - Number of initial claims for unemployment benefits 17:00 GMT+3. USD - ISM Index of Business Activity in the Services Sector USDJPY: The Japanese yen (JPY) is strengthening against the US dollar (USD) thanks to a second consecutive month of real wage growth in Japan. Japanese workers' cash income rose 3.6%...

Fresh-Forexcast2004

Events to watch out for today: 11:30 GMT+3. GBP - Composite PMI 15:30 GMT+3. USD - Foreign Trade Balance GBPUSD: GBP/USD declined on Tuesday, briefly testing below 1.3100. Dollar trading intensified after fresh US purchasing managers' index (PMI) data failed to meet market expectations, reigniting investor concerns about the possibility of recession in the...

Fresh-Forexcast2004

An event to look out for today: 17:00 GMT+3. USD - ISM Manufacturing Index EURUSD: EUR/USD found thin demand on Monday, starting the new trading week by consolidating above 1.1060. Markets opened on Monday on very low volumes as the US markets were closed due to the Labor Day holiday. Today, the pair is fluctuating below 1.1060. The week ends with the...

Fresh-Forexcast2004

Following the release of US Personal Consumption Expenditure (PCE) data for July, the Japanese Yen (JPY) has remained stable against the US Dollar (USD), with traders adjusting their expectations of an aggressive rate cut by the Federal Reserve in September. The CME FedWatch Tool indicates that the market anticipates a minimum 25-basis-point rate cut by the Fed...

Fresh-Forexcast2004

The GBP/USD currency pair saw a third consecutive session of losses, with trading near 1.31600 during Asian hours on Friday. The decline can be attributed to the strengthening of the US dollar (USD) following the release of stronger-than-expected economic data on Thursday. Investors are awaiting the release of the July Personal Consumption Expenditure (PCE) price...