Trend Overview:
EURGBP remains in a bullish trend, characterised by higher highs and higher lows. The recent intraday price action is forming a continuation consolidation pattern, suggesting a potential pause before a renewed move higher.
Key Technical Levels:
Support: 0.8510 (primary pivot), followed by 0.8490 and 0.8470
Resistance: 0.8570 (initial), then...
The GBPUSD currency pair continues to exhibit a bullish price action bias, supported by a sustained rising trend. Recent intraday movement reflects a sideways consolidation breakout, suggesting potential continuation of the broader uptrend.
Key Technical Level: 1.3600
This level marks the prior consolidation range and now acts as pivotal support. A corrective...
Trend Overview:
The DAX index maintains a bullish overall sentiment, supported by a sustained rising trend on the higher timeframes. However, recent intraday price action suggests a corrective pullback and consolidation phase, likely part of a broader continuation pattern.
Key Support and Resistance Levels:
Support:
Initial support: 23,330 – a key previous...
Economic Data Highlights (US & Europe):
A busy day for economic indicators, particularly out of the US.
Durable Goods Orders (May): Markets will watch for signs of resilience or weakness in US manufacturing, with core capital goods orders acting as a proxy for business investment.
Chicago Fed National Activity Index: Could offer a broader snapshot of US economic...
The USDCAD pair continues to trade within a broader bearish trend, with recent price action suggesting a temporary oversold rebound. The pair is currently attempting to recover from near-term lows, yet remains capped below a key technical resistance level.
Key Resistance: 1.3800 – This level marks a prior consolidation zone and represents immediate resistance. A...
Key Support and Resistance Levels
Resistance Level 1: 2180
Resistance Level 2: 2195
Resistance Level 3: 2220
Support Level 1: 2110
Support Level 2: 2095
Support Level 3: 2080
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 not...
President Trump rejected a Pentagon intelligence report suggesting his airstrikes on Iran had limited effect, claiming they caused “total obliteration,” despite inconclusive satellite imagery. In a surprising move that weakens longstanding US sanctions, Trump also allowed China to resume purchases of Iranian oil.
Federal Reserve Chair Jerome Powell reiterated...
Key Support and Resistance Levels
Resistance Level 1: 7060
Resistance Level 2: 7170
Resistance Level 3: 7280
Support Level 1: 6720
Support Level 2: 6610
Support Level 3: 6520
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 not...
Geopolitics: The de-escalation between Israel and Iran removes near-term supply shock risks, reducing bullish pressure on oil.
Monetary Policy: Powell’s hawkish tone implies tighter financial conditions for longer, which can dampen global growth expectations and, in turn, oil demand.
Overall Bias for Traders:
Near-term pullback in WTI is possible if...
Key Support and Resistance Levels
Resistance Level 1: 7850
Resistance Level 2: 7930
Resistance Level 3: 7995
Support Level 1: 7480
Support Level 2: 7400
Support Level 3: 7330
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 not...
The FTSE remains in a bullish trend, with recent price action showing signs of a corrective pullback within the broader uptrend.
Support Zone: 8695 – a key level from previous consolidation. Price is currently testing or approaching this level.
A bullish rebound from 8695 would confirm ongoing upside momentum, with potential targets at:
8854 – initial...
Macro Data Highlights:
US May New Home Sales
Expectations: Potential rebound after recent housing softness.
Market Impact: A strong print may bolster the view that the housing market is stabilizing despite elevated mortgage rates. Weakness could reinforce recessionary concerns and increase calls for Fed easing later in the year.
Asset sensitivity: USD, US...
Trend Overview:
ETHUSD remains in a bullish trend, characterised by higher highs and higher lows. The recent intraday price action is forming a continuation consolidation pattern, suggesting a potential pause before a renewed move higher.
Key Technical Levels:
Support: 2,170 (primary pivot), followed by 2,080 and 1,980
Resistance: 2,610 (initial), then 2,800...
Trend Overview:
BTCUSD remains in a bullish trend, characterised by higher highs and higher lows. The recent intraday price action is forming a continuation consolidation pattern, suggesting a potential pause before a renewed move higher.
Key Technical Levels:
Support: 101,780 (primary pivot), followed by 100,380 and 98,184
Resistance: 109,170 (initial), then...
Key Support and Resistance Levels
Resistance Level 1: 43200
Resistance Level 2: 43550
Resistance Level 3: 43900
Support Level 1: 42240
Support Level 2: 41740
Support Level 3: 41280
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...
A fragile ceasefire is in place between the U.S. and Iran, but both sides are still blaming each other for missile attacks. Tensions remain high, especially as Iran’s stockpile of near-weapons-grade uranium is missing. Markets were shaken—stocks gave back some gains and oil prices dipped after Israel threatened to respond.
In business news, Nvidia’s CEO Jensen...
Trend Overview:
The EURAUD currency pair maintains a bullish outlook, supported by an established rising trend. Recent intraday movement reflects a corrective pullback, potentially offering a buying opportunity within the broader uptrend.
Key Levels to Watch:
Support (Key Level):
1.7740 – former consolidation zone and a pivotal support level
Below that: 1.7700,...
Trend Overview:
The EUR/CHF currency pair remains under bearish pressure, consistent with the broader downtrend. Current price action reflects a corrective pullback, which may be temporary before the next leg lower.
Key Levels to Watch:
Resistance (Key Pivot):
0.9430 – prior consolidation zone and short-term resistance
Above that: 0.9450 and...
