2024

With all the talk about the ongoing Jackson Hole Symposium, the focus has been on the dollar. And with the rate-sensitive 2-year yield continuing lower, the dollar has been dragged down. The index hit a 7-month low. Earlier in the week, it…
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XAUUSD finds support Gold remains firm after hitting another record, as the 2500 level becomes the latest support. The short-term price action shows a bullish outlook as it struggles to secure a foothold to prevent a reversal after the…
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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 still hold strong despite a drop below the 2505 zone. As we see on the Intraday levels, the market still shows a continues advance toward targets 2535 and 2575. The first Intraday support is around 2495-99 while below…
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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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With America's annual inflation falling to a 3-year low, the Fed is looking more likely than ever to begin cutting rates. Since the beginning of the pandemic in 2020, the Fed has been aggressively raising rates in the hope of stemming…
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