Home -
原创 -
Topmax Global -
Main body -

WikiFX Express

XM
FXTM
IC Markets Global
EC Markets
FOREX.com
Galileo FX
HFM
Pepperstone
octa
TMGM

Insights into Today's Markets

Topmax Global | 2024-08-29 09:05

Abstract:Market Review | August 29, 2024

GOLD - GOLD continues to decline from record highs as September rate cuts approach—this is in anticipation of lower USD prices and more strength for the metal in the near future. Consequently, we are looking into increasing our trading activity in GOLD.

SILVER - SILVER has declined into the consolidation zone at 29.018. We expect further growth in this market and see more opportunities for SILVER. Current prices are being positioned at a more advantageous spot for trading.

DXY - The Dollar is currently gaining strength following yesterday‘s trading, showing a recovery before the anticipated big fall, as many traders expect. However, we continue to expect the Dollar’s decline beyond the rate cuts, driven by various factors that we will discuss in the coming days.

GBPUSD -The Pound is currently undergoing a technical correction, with expectations of a continued rise after the September announcement. There are no changes in our readings.

AUDUSD -Aussie CPI came in higher than anticipated but still well below 3.8%. The trend continues to show a slowdown since January 2024, reinforcing expectations of rate cuts by the RBA. However, all eyes are on the FED's rate cut decisions, with current prices consolidating between 0.67985 and 0.67531.

NZDUSD - The Kiwi maintains strong trading even after the USD's recovery, showcasing its strength and market expectations of a better economy following earlier-than-expected rate cuts this season. We continue to expect more growth in this market.

EURUSD - The Euro has currently stagnated and fallen below 1.11386. We expect the bullish trend to resume after the September announcements, with no changes in our expectations or readings.

USDJPY - The Yen remains stagnant following yesterdays trading, indicating the potential for a larger drop than initially expected. However, other factors, including Japan's economic conditions, will play a role in this market's movement.

USDCHF - The Franc shows strength as prices continue to decline amid market insecurity. We anticipate further growth in this market as the Franc continues to dominate.

USDCAD - The CAD is currently trading below 1.34803, and we expect this market to continue selling. Our expectations remain unchanged, and we anticipate further declines.

Market Analysis Market Insights

Related broker

No Regulation
Topmax Global
Company name:Topmax Global Limited
Score
1.45
Website:http://topmaxglobal.com/
2-5 years | Suspicious Regulatory License | Suspicious biz area | Appointed Representative(AR)
Score
1.45

Read more

Economic Indicators to Watch

Market Review | August 30, 2024

Review 2024-08-30 12:49

Financial Forecast Today

Market Overview | August 22, 2024

Review 2024-08-22 10:53

Today's Market News

Market Review | August 21, 2024

Review 2024-08-21 11:45

Daily Market Recap

Market Overview | August 20, 2024

Review 2024-08-20 11:11

WikiFX Express

XM
FXTM
IC Markets Global
EC Markets
FOREX.com
Galileo FX
HFM
Pepperstone
octa
TMGM

WikiFX Broker

Plus500

Plus500

Regulated
Ultima Markets

Ultima Markets

Regulated
GTCFX

GTCFX

Regulated
IC Markets Global

IC Markets Global

Regulated
InteractiveBrokers

InteractiveBrokers

Regulatory blacklist
TMGM

TMGM

Regulated
Plus500

Plus500

Regulated
Ultima Markets

Ultima Markets

Regulated
GTCFX

GTCFX

Regulated
IC Markets Global

IC Markets Global

Regulated
InteractiveBrokers

InteractiveBrokers

Regulatory blacklist
TMGM

TMGM

Regulated

WikiFX Broker

Plus500

Plus500

Regulated
Ultima Markets

Ultima Markets

Regulated
GTCFX

GTCFX

Regulated
IC Markets Global

IC Markets Global

Regulated
InteractiveBrokers

InteractiveBrokers

Regulatory blacklist
TMGM

TMGM

Regulated
Plus500

Plus500

Regulated
Ultima Markets

Ultima Markets

Regulated
GTCFX

GTCFX

Regulated
IC Markets Global

IC Markets Global

Regulated
InteractiveBrokers

InteractiveBrokers

Regulatory blacklist
TMGM

TMGM

Regulated

Latest News

Forex24 Faces CySEC Fine for Late Compliance Filing

WikiFX
2025-10-28 17:03

"Our Business Has Died": Texas Services Sector Sentiment Slumps Further In October

WikiFX
2025-10-28 22:05

One Wrong Move Wiped Out a Government Retiree’s Lifetime Savings

WikiFX
2025-10-28 16:10

INTERPOL, AFRIPOL Crack Down on Africa Terror Finance

WikiFX
2025-10-29 17:03

Forex Scam Checker Philippines: Verify Brokers with WikiFX

WikiFX
2025-10-29 19:11

MH Markets Review 2025: Trading Platforms, Pros and Cons

WikiFX
2025-10-29 18:06

Mekness Review: Traders Report Alleged Fund Scams & Account Blocks

WikiFX
2025-10-29 19:43

Octa FX in Pakistan: The Complete Guide to Local Payments, Regulation, and Support

WikiFX
2025-10-29 19:38

D Prime to Exit Limassol Office Amid Doo Group Restructure

WikiFX
2025-10-29 16:28

Philippines Digital Fraud Crisis 2025: $8.29B Scam Losses Soar

WikiFX
2025-10-29 19:00

Rate Calc

USD
CNY
Current Rate: 0

Amount

USD

Available

CNY
Calculate

You may also like

Globecore Market

Globecore Market

Peak Edge Investment

Peak Edge Investment

FLUX CRYPTO

FLUX CRYPTO

FXM-TRADER

FXM-TRADER

ZENTROX TRADE

ZENTROX TRADE

ZENITH SWIPES

ZENITH SWIPES

Nexbit CAPITALS

Nexbit CAPITALS

Global Trademinex

Global Trademinex

SWINGMAX Technologies

SWINGMAX Technologies

APEX PREDZ

APEX PREDZ