2024

Traditionally, PMI reports at the start of the month tend to move the market around risk appetite. But there is likely to be a renewed focus on China's double readings later this week. That's because it's the first leading indicator to…
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FTSE100 Index (UK 100) falls from peak The FTSE100 Index failed to revive its spirits after falling from the recent 8400 level. The index is seeking support around 8250, which is critical to keeping the early month’s rally intact. The…
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NAS 100 awaits earnings Gold wasn’t the only asset that fell due to rising yields, as the Nasdaq also saw a slowdown in rising price action. The weakness on Wall Street came with increased treasury yields, moving sharply higher over the…
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Earlier this week, gold prices hit two new record highs in a situation when normally the price should be going down. But, these aren't normal times, and demand for safe havens seems to be outpacing the regular market dynamics. With a lot of…
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XAUUSD gearing up for another high Gold pushes to remain bullish after pulling back from its all-time high. Some stiff selling at 2760 with an upper wick indicated a rejection of higher bids. The recent swift U-turn means that the bears…
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The Dow fell below 42650 yesterday drop further toward the support 42300, before rebounding. As we see over the chart, price could head for a trading zone between support 42300 and resistance 42700. Above 42700 more advance could hit…
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Gold hit the target of 2728 yesterday and pushed for a further drop to test support at 2714. As we see over the chart, Intraday levels show the resistance level around 2740 which could create some trading zone toward the 2722-26 support.…
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As we see over the chart, Crude Oil still has the chance for another drop toward the 68.60-90 zone. As long as the market remains below 72.00, this drop correction is still valid. The first Intraday support is at 70.30. Above 72.00…
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USDJPY managed to sustain an advance to hit the target of 150.90 and 152.00. As we see over the chart, the advance wave is still ongoing and if prices remain above the support of 151.40-50, the advance wave could expand toward 153.80 and…
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