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Technical Analysis
The Week Ahead – All Eyes on the Fed
EURUSD advances ahead of NFP
The euro firms up as the Fed is expected to leave the rate steady in its next meeting. With the Fed policy dominating sentiment for some time, it is now the turn of the ECB as they have been busy drumming up…
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Intraday Analysis – Dow 30 Clawing Back Losses
Dow 30 resumes uptrend
The Dow 30 remains bullish, with corporate earnings exceeding expectations. The index has found solid buying interest over the 20-day SMA at 38000. A quick bounce above 38300 has forced short-term sellers to cover.…
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Yen Collapses as BoJ Look to Hike Rates!
Yen Collapses as BoJ Look to Hike Rates
The Yen continued to lose ground amid BoJ policy expectations.
The Bank of Japan Governor has said they could hike rates again if the fall in the domestic currency significantly pushes up…
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Intraday Analysis – Nasdaq Bounces Back
The NASDAQ 100 begins to rebound
The Nasdaq 100 surged as megacap tech companies reported upbeat results. The near-term outlook remains upbeat after the price cleared the 17000 barrier. As a fresh bullish drive takes out 17400 and…
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Indices Jump as Earnings Progress!
Indices Jump as Earnings Progress!
Another winning streak for the US indices has seen a sharp turnaround in fortunes.
With the Dow jumping higher, will the index close in on the 40K level soon?
Timestamps
SPX500 00:30
DOW 01:45…
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Intraday Analysis – WTI Remain Pressured
The WTI (USOIL) attempts to rebound
The WTI crude remains pressured after geopolitical tensions still linger. From the chart’s perspective, the current correction wiped over $5 off the value and is yet to stabilise with a decisive break…
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Intraday Analysis – USD Begins to Reverse
UK 100 drifts lower
The UK 100 (FTSE 100) maintained its four-day winning streak as it broke the 8000 level again. The V-shaped rally has put the index back right under this year’s high after bouncing at the 7800 area. A continuation…
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Another Correction for Gold
Another Correction for Gold!
Gold price extended a pullback as global tensions eased over the weekend.
With the yellow metal failing to confirm its stance over $2400, will there be another test at a record high this week?
Timestamps…
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Intraday Analysis – Gold Attempts Another Record
XAUUSD remains elevated
Gold increased as global tensions heightened as traders supported the yellow metal. The price continues to push for another record high whilst the daily RSI drops back to the neutral area. Any correction is likely…
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