The GBP/CAD currency pair price action sentiment remains bullish, supported by the prevailing long-term uptrend. Recent intraday movements indicate sideways consolidation near the previous resistance level, which has now become a new support zone.
Key Levels and Price Action
The critical trading level to watch is 1.8516, representing the previous consolidation...
The GBP/JPY currency pair is currently exhibiting a bullish sentiment, supported by the prevailing uptrend. Recent intraday price action shows a sideways consolidation, suggesting the formation of a new support zone at the previous resistance level. This consolidation phase reflects a temporary pause within the broader bullish trend.
The key trading level to...
New unemployment insurance claims in the US fell to 220,000 for the week ending March 8, slightly below expectations and down from the previous week's revised figure of 222,000 (originally 221,000). The insured unemployment rate remained steady at 1.2%, while the four-week moving average edged up by 1,500 to 226,000.
Meanwhile, continuing jobless claims dropped by...
The US Producer Price Index (PPI) increased by 3.2% year-on-year in February, down from 3.7% in January and slightly below the expected 3.3%.
The core PPI, which excludes food and energy prices, rose by 3.4% annually, also lower than the 3.8% recorded in January. On a monthly basis, the PPI remained unchanged, while the core PPI saw a slight 0.1% decline.
Key...
The EUR/JPY currency pair price action sentiment remains bullish, underpinned by the prevailing long-term uptrend. Recent intraday movements indicate a bullish breakout above the previous resistance level, which has now established itself as a new support zone.
Key Levels and Price Action
The critical trading level to watch is 160.26, representing the previous...
The EUR/USD currency pair is exhibiting a bullish sentiment, underpinned by the prevailing long-term uptrend. Recent intraday price action shows a bullish breakout from a sideways consolidation phase, with the previous resistance now acting as a new support zone.
Key Support and Resistance Levels:
Support Zone: The critical support level is at 1.0809, marking...
Bullish Scenario:
The EURGBP pair maintains a bullish intraday sentiment, supported by the longer-term uptrend. The key level to watch is 0.8420, which acts as a critical resistance zone. If the price rallies above 0.8420, the uptrend could resume, targeting 0.8440, with further resistance levels at 0.8460 and 0.8500 over the longer timeframe.
Bearish Scenario:
A...
The FTSE 100 index is currently exhibiting a bearish sentiment, as evidenced by the prevailing downtrend. The primary focus remains on the key resistance level at 8638, which corresponds to the current intraday swing high and the falling resistance trendline. This level is critical as it determines the next directional move of the index.
From the current levels,...
Thursday March 13
Data: US February PPI, initial jobless claims, Q4 household change in net worth, UK February RICS house price balance, Italy Q4 unemployment rate, Canada January building permits
Central banks: ECB's Guindos, Holzmann, Villeroy and Nagel speak
Earnings: Enel, Generali, Dollar General
Auctions: US 30-yr Bonds
This communication is for...
The USD/JPY price action sentiment appears bearish, aligned with the prevailing long-term downtrend. Recent price movements suggest potential for continued downward pressure, with a key resistance level in focus.
Key Levels and Price Action
The critical trading level to watch is 150.60, which marks the current intraday swing high and the falling resistance...
The GBP/CAD currency pair price action sentiment remains bullish, supported by the prevailing long-term uptrend. Recent intraday movements indicate sideways consolidation near the previous resistance level, which has now become a new support zone.
Key Levels and Price Action
The critical trading level to watch is 1.8516, representing the previous consolidation...
The USD/CAD currency pair price action sentiment remains bullish, supported by the prevailing long-term uptrend. Recent intraday movements indicate a bullish breakout above the previous resistance level, which has now established itself as a new support zone.
Key Levels and Price Action
The primary trading level to watch is 1.4390, representing the previous...
The softer-than-expected inflation data has fueled optimism among equity investors, as cooling inflation could alleviate pressure on the Federal Reserve to maintain an aggressive tightening stance. The positive market reaction suggests that participants are increasingly pricing in the possibility of a more gradual approach to interest rate adjustments.
With...
US equity indices reacted positively to the latest US inflation figures released earlier today, as the data pointed to a moderation in price pressures.
The Consumer Price Index (CPI) decreased to 2.8% year-over-year in February, down from 3.0% in January. This reading not only marked a decline but also came in below market expectations of 2.9%, signaling that...
The Brent Crude Oil price action sentiment remains bearish, aligned with the prevailing long-term downtrend. Recent price movements suggest a potential oversold rally approaching a critical resistance zone.
Key Levels and Price Action
The primary trading level to watch is 71.73, representing the current intraday swing high and falling resistance trendline. An...
The WTI Crude Oil price action sentiment appears bearish, reinforced by the prevailing long-term downtrend. The recent price action indicates a potential oversold rally, approaching a critical resistance zone.
Key Levels and Price Action
The primary trading level to watch is 68.65, representing the current intraday swing high and falling resistance trendline. An...
The EUR/JPY currency pair price action sentiment remains bullish, underpinned by the prevailing long-term uptrend. Recent intraday movements indicate a bullish breakout above the previous resistance level, which has now established itself as a new support zone.
Key Levels and Price Action
The critical trading level to watch is 161.26, representing the previous...
The CAC 40 (FR40) equity index price action remains bullish, supported by the prevailing longer-term uptrend. Recent intraday movements indicate sideways consolidation near the breakout level, which previously acted as resistance and has now become a new support zone.
Key Levels and Price Action
The critical trading level to watch is the 7900 level, representing...
