EURUSD New Forecast The price will try to get 1.0792 and then should break that to continue the bullish trend till 1.0872 otherwise, the bearish trend will start by breaking the breakout line which is between 1.0730 and 1.0700 toward 1.0656 and 1.0614 Pivot Price: 1.0735 Resistance Levels: 1.0792, 1.0872, 1.1000 Support Levels: 1.0656, 1.0613, 1.0577 The...
Oil prices fell early Tuesday following a report that U.S. inflation increased more than anticipated, diminishing prospects for a reduction in U.S. interest rates. Meanwhile, OPEC maintained its positive demand forecast for 2024. West Texas Intermediate crude for June delivery decreased by $0.47 to $78.65 per barrel, and July Brent crude, the international...
USNAS100 New Forecast The price is approaching the resistance zone between 18,400 and 18,480. Following this, it will likely come under bearish pressure, especially if the CPI is released at 3.4% or higher. If the CPI comes in at 3.4%, the price will initially attempt to touch the resistance area before starting a bearish trend. However, if the CPI exceeds...
GOLD New Forecast If inflation proves to be stickier than expected, interest rates could remain elevated for a longer period, posing a challenge for non-interest-bearing bullion. While gold has recently found support due to haven demand amid geopolitical tensions in the Middle East, its vulnerability increases as these tensions ease, leaving it susceptible to...
US30 New Forecast The price exhibits sensitivity to the CPI and remains consolidated between 39,670 and 39,420. Our focus should be on the CPI results. If the CPI comes in below expectations, it will likely support a bullish trend, pushing the price to 39,850 and 39,990. Conversely, if the CPI is 3.4% or higher, it will support a bearish trend, initially...
SPx New Forecast The price is anticipated to approach the resistance levels at 5267 and 5280 before declining to 5249 and 5196. However, the Consumer Price Index (CPI) will have a significant impact on the market. With expectations set at 3.4% or lower, this could bolster bullish trends for indices to reach 5280. Nonetheless, if the CPI is released at 3.4%, the...
Federal Reserve Chair Jerome Powell emphasized the need for continued patience in monitoring inflation trends during his remarks at the Foreign Bankers’ Association's annual meeting in Amsterdam on Tuesday. Powell highlighted that while there was some easing of inflation in the U.S. last year, the first quarter showed unexpectedly high inflation rates, which were...
Gold prices edged higher on Tuesday, with investors closely watching the upcoming critical inflation report, which could significantly affect future U.S. interest rate decisions. "Today's modest movement in gold prices illustrates that the market remains cautious, reluctant to form a strong opinion before the U.S. data is released," commented Han Tan, chief...
US30 New Forecast Today's significant news has triggered substantial volatility in the market, making it conceivable for prices to surge as high as 39670. Should prices stabilize above this level, we can anticipate an ascent to 39850. Conversely, should prices consolidate below 39410, a decline is expected, with potential targets at 39070 and 38280. This...
USNAS100 New Forecast The price reached the resistance level at 18250, beyond which it is poised to initiate a bearish trend as long as it remains below this threshold, targeting 18095 and potentially extending down to 17950. Conversely, the primary bullish scenario would entail breaching the 18250 by closing a 4-hour candle above it, paving the way for an...
Stock Index Futures Show Little Movement Ahead of Key U.S. PPI Data and Powell's Remarks Federal Reserve Vice Chair Philip Jefferson emphasized on Monday that maintaining current interest rates is prudent until there's clear evidence that inflation is on track to meet the Fed's 2% target. Describing the Fed's policy stance as restrictive, Jefferson voiced...
Gold Prices Dip Ahead of Crucial US Inflation Data Gold prices edged lower on Monday, with investors positioning themselves cautiously as they await upcoming U.S. inflation reports. These reports are expected to provide further insights into the Federal Reserve's potential timing for its initial rate cut. The U.S. producer price index (PPI) data is scheduled for...
USDCAD The Canadian Dollar is exhibiting a bearish trend as long as it remains below 1.3678, with targets set at 1.3628 and 1.3612. A reversal and stabilization above 1.3689 would indicate a shift to a bullish trend, potentially extending up to 1.3732. The pivot price is established at 1.3689, Resistance levels at 1.3732, 1.3773, and 1.3825. Support levels...
New Zealand Dollar Weakens as Inflation Expectations Hit Two-Year Low In early European trading on Monday, the New Zealand dollar declined against the US dollar and lagged behind most other major currencies after reports indicated that business inflation expectations for the current quarter had dropped to their lowest level in two years. Technically : The price...
The price is nearing the resistance level at 18250, beyond which it is poised to initiate a bearish trend as long as it remains below this threshold, targeting 18095 and potentially extending down to 17950. Conversely, the primary bullish scenario would entail breaching the 18250 by closing a 4-hour candle above it, paving the way for an ascent towards...
U.S. Index Futures Edge Higher After Weeks of Gains Futures for major U.S. stock indexes saw a modest increase on Monday, building on several weeks of consecutive gains. Investors are now focusing on key inflation data due later this week, which will help determine the likelihood of interest rate cuts within the year. The price is anticipated to continue its...
Dow Jones New Forecast The price moved as our previous idea and reached our target perfectly. The price of DowJones has a bullish pressure, so it will start a bullish trend toward 39010 and 39075, breaching 39075 means a continuation of a bullish trend toward 39285 otherwise closing 4h candle under 38820 will move under the bearish effect toward 38660 Pivot...
SPx New Forecast The price reversed and stabilized at the bullish zone because already at the pivot line which is 5120, so stability at this area means will continue the bullish trend to get 5177 and then will move between 5177 and 5120 till breaking should stable under the pivot zone which is between 5120 and 5103 to be downtrend till 5080 Pivot Line:...