Futures linked to major Wall Street indices rose on Friday, buoyed by positive corporate announcements from Apple and Amgen. Traders are now poised for the release of a critical jobs report, which is expected to provide more clarity on labor market conditions and the trajectory of interest rates. Attention is turning towards the crucial Nonfarm Payrolls report...
The price is currently following a bearish trajectory, targeting a level of 4997. It is essential for the price to close a 4-hour candle below this level to continue the downtrend towards 4953. Stabilizing the price below 5054 will reinforce the bearish trend, potentially leading to price levels of 5021 and then 4997. Therefore, the expected range of movement...
On Thursday, gold TVC:GOLD prices declined as investors analyzed the likelihood of the U.S. Federal Reserve easing monetary policy this year. This reassessment came after the Federal Reserve noted that inflation progress has halted, suggesting that interest rates might remain elevated for an extended period. technically side: There are two possible scenarios...
Metal prices are varied, with gold declining amid diminishing tensions. The price of gold is currently experiencing bearish momentum, targeting 2327 as long as it remains below 2342. Should it breach 2327, the bearish trend is expected to persist until reaching 2302. Conversely, a closure of a 4-hour candle above 2342 would indicate a potential rise to...
AUDUSD is under bearish pressure, as long as the price trades under the pivot line which is 0.6549 means downward toward 0.66415 and 0.6358 otherwise should be stable above the pivot line to be upward till 0.6616 and 0.6682 the retest is available till 0.6508 or 0.6549 pivot price: 0.6549 Resistance Price: 0.6616 & 0.6648 & 0.6682 Support Price: 0.6416 & 0.6358...
US Dollar Rises Early Wednesday Ahead of ADP Payrolls, ISM Manufacturing, FOMC The price of EURUSD will try to do a retest till 1.0700 and then as long as trades under it, mean will support a bearish trend to touch 1.0615 and 1.0575 because the U.S Data has a strong positive momentum control on the market. otherwise, the bullish trend will start by breaking the...
S&P 500 The price is on a bearish trajectory aiming for 4997, and it needs to close a 4-hour candle below this level to extend the downtrend towards 4953. The upcoming Federal Reserve rate decision will influence the S&P market. Meanwhile, the price is expected to fluctuate between 4997 and 5039 until a breakout occurs, with a potential retest of 5040 also...
Gold prices remained close to a four-week low on Wednesday, as investors awaited a U.S. Federal Reserve policy decision that could clarify the central bank's interest rate plans after recent strong U.S. economic data. Technically: The price of gold has recently experienced a decline, aligning precisely with our projected target. Currently, it continues on its...
US30 The price has breached the pivot line and stabilized below it, indicating a continuation of the bearish trend towards 37620. If a 1-hour or 4-hour candle closes below this level, the bearish trend may extend towards 37120. Therefore, the price is likely to fluctuate between 38065 and 37120 until a breakout occurs. Additionally, today's FED and FOMC...
USNAS100 The price has declined after remaining stable below the resistance zone at 17685. Consequently, as long as the price stays below 17400, the downtrend is expected to continue towards targets of 17250 and 17150. For the trend to turn bullish, the price needs to stabilize above 17500, aiming to reach 17685. Expect high volatility in the market...
Risk markets are poised to advance in early trading, following a slightly positive performance in both the US and Asia. The Volatility Index ( TVC:VIX ) has reached a near three-week low, experiencing a reduction of nearly one-third from its multi-month peak on Friday the 19th. Currently, the Israel-Iran crisis is not a predominant focus in market headlines or...
Wall St to open lower on economic data; Fed decision pending. As long as the price remains above 5080, it indicates a bullish trend aiming for 5115 and 5140. However, a 4-hour candle closing below 5080 will support a bearish trend targeting 5055. Pivot Line: 5094 Resistance Levels: 5138, 5177, 5204 Support Levels: 5080, 5055, 5019 Today’s expected trading range...
Futures tracking Wall Street's main indexes remained subdued on Tuesday as investors awaited the Federal Reserve's interest rate decision and closely monitored earnings updates. The Federal Reserve Open Market Committee (FOMC) will commence its two-day meeting later today, with markets focused on both the interest rate verdict and Chair Jerome Powell's...
The Japanese yen FX:USDJPY witnessed a substantial surge against the dollar on Monday, escalating by as much as 5 yen, attributed to a substantial intervention by Japanese banks. This marked the first such intervention in 18 months, initiated after the yen plummeted to its lowest in 34 years earlier that day. This significant shift sets the stage for what may...
The price reached the resistance level at 17795 and remained below it, indicating that movement will oscillate between 17685 and 17795 until a breakout occurs. Any stability above 17795 would initiate a new bullish trend towards 17950. As long as trading continues below this threshold, the price is expected to touch 17685, subsequently requiring a breach of this...
US30 New Forecast The price is anticipated to approach 38220 and subsequently stabilize below 38320, positioning it within the bearish zone to target 38065. Conversely, should it maintain stability above 38320, this would signify a continuation of the bullish trend, aiming for 38480 and 38565. Surpassing this zone could potentially lead to reaching 38820. ...
Tech Giants Experience Significant Decline, Erasing $300 Billion Amid Meta's Weak Guidance and Q1 Stagflation Concerns During a volatile trading session, the combined market capitalization of the top seven tech companies experienced a sharp decline exceeding $300 billion within the first hour of trading on Thursday. This downturn was primarily triggered by Meta...
USDJPY New Forecast The price still running at the bullish trend, to get 155.770 Currently, a 4h candle close above 154.700 would signify stabilization at this level, heralding the onset of a bullish trend with an immediate target of 155.77, thereby positioning the asset within the bullish zone. retest scenario will be available till 153.07 by closing the 4h...