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Dow Jones Closes at a Record High Above 41,700 Ahead of Major Fed Event Technical Analysis: The price has stabilized within a bullish zone and, depending on that will continue the trend while above 41565 Sustained stability above 41,565 could drive the index higher towards 41,980. Conversely, a break below this level could signal a corrective move down to...

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Fed's Significant Rate Cut Elicits Muted Response, But Calm May Be Temporary The price is expected to maintain its bullish trend, supported by strong bullish volatility following the 50 bps rate cut. Currently, as long as the Nasdaq trades above 19,690, the price is likely to target 19,970 as an initial point, with 20,100 as the next potential level. A reversal...

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Gold Technical Analysis - 16 Sep. 2024 Gold Rises on Softer U.S. Dollar, U.S. Rate-Cut Expectations GOLD recorded a new peak at 2589 and stabilized at a new bullish zone while above 2527 for the long term. Now the price should break 2578 to be a downtrend toward 2570 and 2553, but stabilizing above 2580 it will be sensitive to touch 2599 before dropping, we...

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Nasdaq Edges Higher Ahead of U.S. Retail Sales Data and FOMC Meeting The price is expected to maintain its bullish trend towards 19,690 as the initial target. Stability above 19,690 will further support an upward move towards 19,970 and beyond. Conversely, a break below 19,370 would indicate a downward trend towards 19,160. Key Levels: Pivot Point:...

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Gold Technical Analysis – 18th September 2024 Gold Edges Higher Ahead of Fed Rate Cut Decision Gold prices remain steady, hovering near record highs, supported by a weaker U.S. dollar and growing speculation of a 50 basis-point rate cut by the Federal Reserve. To sustain the bullish trend, the price needs to break above the 2,580 level, potentially driving it...

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EURUSD The EUR/USD chart shows the price currently trading near the pivot line at 1.11293. The potential next direction suggests a bullish movement if the price successfully breaks and closes above the pivot line, aiming for the resistance level at 1.11947 and potentially higher towards 1.12403. If the price fails to break above the pivot line, it may retest...

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Gold Technical Analysis – 16th September 2024 Gold Holds Steady Amid Upcoming Fed Decision Gold prices remain steady, hovering near record highs, buoyed by a weaker U.S. dollar and increasing speculation of a half-point rate cut by the Federal Reserve. Gold Reverses from its All-Time High, Poised for a Retest Before the Rate Decision GOLD Reversed from their...

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EUR/USD Technical Analysis: Current Outlook: EUR/USD is currently consolidating around the pivot level of 1.1000, with a potential bullish scenario on the horizon, especially with today’s anticipated inflation data, which is expected to show a weakening USD with a CPI result of around 2.5%. This could drive EUR/USD higher in the near term. Best Scenario : A...

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USDJPY Analyze The overall trend remains bearish as long as the price stays below 141.020, with downside targets at 138.470 and potentially 137.450. A corrective move toward the pivot line at 141.028 is possible before the bearish trend resumes. However, if the price stabilizes above 142.100 with a 4-hour candle close, a bullish move of 141.030 extends toward...

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European Shares Rise, Led by Tech and Resources Sectors European shares opened higher on Wednesday, with gains driven by the tech and basic resources sectors, as investors await a key U.S. inflation report for insights into the Federal Reserve’s upcoming interest rate decision. The DAX remains in a bullish momentum zone as long as it trades above 18,180, with...

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US Equity Investors Focus on Monetary Policy as Larger Rate Cut Becomes Likely Scenario This week, U.S. equity investors will closely monitor the Federal Reserve's commentary and interest rate forecasts, with a 50 basis-point cut now emerging as the most probable policy move. According to the FedWatch Tool, the probability of a 50 basis-point cut on September 18...

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Futures kick off Fed meeting week on a cautious note U.S. stock index futures were flat to slightly higher on Monday as caution prevailed ahead of a pivotal monetary policy decision by the Federal Reserve later in the week, with investors pricing in a steep reduction in borrowing costs. Technically: The price will touch 41565 and then by stabilizing under it,...

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Nasdaq Technical Analysis The price remains on track to reach 19535 or 19680, after which a significant retest down to 19290 and potentially 19160 is possible before resuming the upward move. Sustained stability above 19535 would further support a rally toward 19680 and 19970. Key Levels: Pivot Point: 19535 Resistance Levels: 19680, 19810, 19970 Support Levels:...

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Gold Technical Analysis - 10 Sep. 2024: Gold Broadly Stable Ahead of U.S. Inflation Data The price is expected to follow a bullish trend Today if it remains above 2500, with potential targets at 2516 and 2526. A further rise could occur if the price closes a 4-hour candle above 2526, potentially targeting 2543. However, if the price reverses and stabilizes...

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Futures Muted Amid Uncertainty Over Fed Rate Cut Size Traders are increasingly pricing in the likelihood of a significant rate cut, with the probability of a 50-basis point cut now at 41%, up from 14% last Thursday, according to CME's FedWatch Tool. Former New York Fed President Bill Dudley has advocated for a strong case in favor of a 50-bps...

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Nasdaq Technical Analysis The price has advanced by approximately 300 pips, as previously noted. It remains on track to reach 19535, after which a significant retest down to 19290 and potentially 19160 is possible before resuming the upward move. Sustained stability above 19535 would further support a rally toward 19680 and 19970. Key Levels: Pivot Point:...

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S&P 500 Technical Analysis: The price pushed up about 3% as we mentioned and still running to get 5673 ATH by breaking of 5616. So now it's possible to do a retest till 5573 and then push up to break 5616, otherwise stability above 5616 will support rising to get ATH Key Levels: Pivot Point: 5616 Resistance Levels: 5640, 5672, 5700 Support Levels: 5573,...

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Nasdaq Technical Analysis The price has stabilized above 19220, setting up a potential move toward 19380 and 19625. If this level is breached, the price could advance further to 19880. Conversely, a break below 19210 would signal a bearish trend toward 18930. Key Levels: Pivot Point: 19220 Resistance Levels: 19380, 19625, 19880 Support Levels: 19040, 18930,...