2024

Dow managed to close at 43300-400 yesterday, while the market rebounded as traders look toward the Fed statement today. As we see over the chart and as long as the market holds above the trend support of 43300-400, prices will have…
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Gold managed to fell below the trend support of 264. As we see over the chart, there is still a chance for a further drop to test the 2622 support which in turn could activate another advance. However, the intraday indicators are…
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While the market is still holding the expected trading zone between support 66.15 and resistance 72.00-50, prices yesterday and today printed above the resistance 70.15 which could be signal for another advance toward 72.00-50. As we see…
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USDJPY managed to maintain the advance wave while market still shows potential advance. As we see on the chart, prices face a support trend around 152.45, if prices remain above it, the advance wave could progress toward the 155.85 zone.…
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GBPUSD is still holding above the support zone of 1.2570-80, while the indicators are still showing an advance ongoing toward 1.2810 and above. Intraday levels show the first support around 1.2665, where as long as the market holds above…
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The Euro closed into the target of 1.0425, which could provide a chance for a rebound toward the 1.0540-60 zone. Below 1.0425 more of a drop could hit the market with support around 1.0330. Above 1.0610 more advance toward 1.0820…
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Markets seem to be unsure about what to expect from Thursday's BOJ meeting, with about a 50-50 chance of a rate hike being priced in. This means that there could be a substantial move in yen pairs no matter what happens. Japan is in a…
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Nasdaq (NAS 100) another peak The Nasdaq (NAS 100) advances as investors continue to price in the Fed’s next move. The price continues on its way above this year’s high of 22000, further reinforcing the bullish mood. 22250 is the next…
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Both economists and the markets agree that the Fed will cut rates by 25 bps on Wednesday. Assuming no surprises there, the focus will be on what the FOMC signals for next year. There are some additional uncertainties about the forward rate…
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