Stocks are pulling back after Wednesday’s rally, pressured by renewed trade tensions. China stated that no deal talks are underway, and Treasury Secretary Scott Bessent expressed scepticism over resolving the trade dispute. US futures slipped, the dollar weakened, and gold rose as investors sought safety.
Jefferies strategist Christopher Wood warned that US...
The GBP/CHF currency pair remains under bearish pressure, in line with the broader downtrend. Recent price movement reflects an oversold rally that stalled near a key resistance level at 1.1120, which previously acted as an intraday consolidation zone.
This level now serves as a crucial pivot. If price fails to break above 1.1120 and faces rejection, it could...
EUR/GBP maintains a bullish bias, supported by the prevailing upward trend. Recent intraday movement indicates a corrective pullback toward a key consolidation zone, offering a potential setup for trend continuation.
Key Support Level: 0.8450 – previous consolidation range and pivotal support
Upside Targets:
0.8736 – initial resistance
0.8787 and 0.8900 –...
GBP/USD maintains a bullish bias, with the broader trend and structure supporting upside continuation. The recent intraday move appears to be an overbought corrective pullback toward a key prior consolidation area.
Key Support: 1.3210 – aligns with the previous consolidation zone and potential bullish inflection point.
Upside Targets:
1.3435 – initial...
The DAX40 continues to exhibit bullish sentiment, aligning with the prevailing short term uptrend. Recent price action suggests that the index experienced an oversold rally, which subsequently spiked above near a key resistance zone — the previous intraday consolidation level around 21,532.
This area now serves as a critical pivot point. A corrective pullback...
Thursday, April 24 – Market Focus
US Economic Data:
Chicago Fed National Activity Index (March)
Durable Goods Orders
Existing Home Sales
Kansas City Fed Manufacturing (April)
Initial Jobless Claims
International Data:
Japan PPI Services (March)
Germany Ifo Business Climate (April)
France Consumer Confidence (April)
EU New Car Registrations...
The USDJPY pair is exhibiting a bearish sentiment, reinforced by the ongoing downtrend. The key trading level to watch is at 145.60, which represents the current intraday swing low and the falling resistance trendline level.
In the short term, an oversold rally from current levels, followed by a bearish rejection at the 145.60 resistance, could lead to a downside...
Recent price action in USDCHF suggests an oversold bounce, with resistance capping gains at the 0.8300 level.
The continuation of selling pressure could extend the downside move, with key support levels at 0.8090, followed by 0.8040 and 0.7940.
Alternatively, a confirmed breakout above 0.8300, accompanied by a daily close higher, would invalidate the bearish...
The USDCAD pair is exhibiting a bearish sentiment, reinforced by the ongoing downtrend. The key trading level to watch is at 1.4060, which represents the current intraday swing low and the falling resistance trendline level.
In the short term, an oversold rally from current levels, followed by a bearish rejection at the 1.4060 resistance, could lead to a downside...
Key Support and Resistance Levels
Resistance Level 1: 40954
Resistance Level 2: 41510
Resistance Level 3: 42216
Support Level 1: 39600
Support Level 2: 38534
Support Level 3: 37832
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is...
U.S. futures rose and the dollar strengthened after Donald Trump eased concerns that had been weighing on markets. He stated he has no plans to fire Fed Chair Jerome Powell, despite ongoing frustrations over interest rates. While this helped calm nerves, Bloomberg's John Authers cautions against viewing it as a major shift in sentiment.
Trump also struck a more...
Brent Crude Oil is showing bearish sentiment, in line with the current downtrend. Recent price action to be an oversold bounce back towards a key consolidation zone, adding pressure to the downside.
Key Levels:
Resistance: 7110 (current swing low, now resistance), 7240, 7390
Support: 6583, 6500, 6400
Bearish Outlook:
Price has broken below 7110, which was a key...
WTI Crude Oil is showing bearish sentiment, in line with the current downtrend. Recent price action appears to be an oversold bounce back. A break below a key consolidation zone, could add pressure to the downside.
Key Levels:
Resistance: 6600 (former support, now resistance), 6670, 6750
Support: 6323, 6165, 6045
Bearish Outlook:
Price has broken below 6600,...
Trend Overview: The EUR/USD currency pair remains in a bullish trend, supported by a prevailing uptrend. The recent intraday price action suggests a sideways consolidation (coiling price action) possibly triggering a corrective pullback towards a newly formed support zone, previously a resistance level.
Key Levels to Watch:
Support Levels:
1.1240 – Previous...
The DAX40 continues to exhibit bullish sentiment, aligning with the prevailing short term uptrend. Recent price action suggests that the index experienced an oversold rally, which subsequently spiked above near a key resistance zone — the previous intraday consolidation level around 21,532.
This area now serves as a critical pivot point. A corrective pullback...
Wednesday 23rd April 2025
Key economic data includes April flash PMIs for the US, UK, Japan, Germany, France, and the Eurozone. These are important indicators of economic momentum and inflation pressures, with potential impact on FX, rates, and equities. In the US, March new home sales will provide a read on housing market strength. The UK reports March public...
AUDUSD maintains a bullish bias, supported by the prevailing upward trend. Recent intraday movement indicates a corrective pullback toward a key consolidation zone, offering a potential setup for trend continuation.
Key Support Level: 0.6355 – previous consolidation range and pivotal support
Upside Targets:
0.6470 – initial resistance
0.6500 and 0.6550 –...
NZDUSD maintains a bullish bias, supported by the prevailing upward trend. Recent intraday movement indicates a Bullish breakout above the consolidation zone, offering a potential setup for trend continuation.
Key Support Level: 0.5920 – previous consolidation range and pivotal support
Upside Targets:
0.6080 – initial resistance
0.6150 and 0.6180 – extended...
