2024

How Much Did Powell's Speech Move the Needle? Fed Chair Jerome Powell did what he was widely expected to do last Friday: Announce that "the time has come" for the Fed to pivot towards easing. As in the past, the meeting at Jackson Hole…
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Oil WTI (USOIL) finding support Oil WTI found some support after the recent bearish rally, which saw almost $10 wiped off its value. A series of lower lows was a sign of mounting selling pressure, and each dip had been an opportunity for…
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S&P 500 index reaches for another record The S&P 500 index resumed the climb after the latest FOMC minutes hinted at a rate cut at the next meeting. Most officials supported a September rate cut if inflation continued to drop.…
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The Dow managed to meet the target of 40800-900 as the market is at risk of a correction which could hit towards the 40400 and 40000 levels. As we see over the chart and if the market keep trading below 41000, this drop could hit at any…
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Gold tested the support trend yesterday and managed to hold above 2469. As we see on the Intraday chart, the market is now testing the resistance zone of 2500-05 which could cause a correction, before moving back to advance again toward…
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Crude Oil managed to fall below 74.20 and dropped further to re-test the support zone of 71.50-99 yesterday. As we see on the chart, the support trend is around 71.50-99. if prices hold above it, another advance wave toward 80.50 will be…
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The USDJPY MACD indicator shows a divergence that could push the market higher. As we see on the chart, the market is facing support around 144.40 and resistance around 146.50-60. Another advance above 147.35 is likely with resistance…
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GBPUSD broke above the target of 1.3050-70. Intraday levels show the first resistance at around 1.3150 which could create a trading zone toward the support of 1.3050-70 before prices advance again. Above 1.3150 more advance will be…
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The Euro met the target of 1.1140 and managed to hit a few pips above that resistance. As we see on the Intraday chart, the market now faces the first support around 1.1070. The Euro could advance further is firmly supported, with…
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