SroshMayi

SroshMayi

USD/JPY Market Volatility and Key Levels The overall direction remains bearish as long as the price stays below 144.900, with targets at 142.100 and potentially 138.470. A corrective move toward the pivot line at 144.900 is possible before resuming the bearish trend. However, if the price stabilizes above 144.900 with a 4-hour candle close, a bullish trend may...

SroshMayi

Futures Rise on September Rate-Cut Hopes; Nvidia Results in Focus The price is expected to reach an all-time high (ATH) of 41,365, after which it will likely oscillate between 41,365 and 41,030 until a breakout occurs. Sustained trading above 41,365 will support a rise towards 41,763. Conversely, stability below 41,365 will favor a decline towards 41,030, with...

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S&P 500 Technical Analysis: Potential Shift from Bullish to Bearish Trend The S&P 500 is currently striving to reach its all-time high (ATH), but a bearish trend may emerge if the price stabilizes below 5675 or 5709. If this occurs, the index is expected to decline towards 5620 and 5584, with a break below 5584 signaling the start of a significant bearish trend...

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Gold Technical Analysis: Gold futures have regained some ground following Thursday's sharp selloff, the largest single-day decline in a month. Despite the recent dip, the precious metal remains up 17% year-to-date. Current Outlook: After a significant drop of over 250 pip, as anticipated in the previous analysis, gold remains under pressure. As long as the...

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EUR/USD 6H Chart Analysis Next Outlook: The EUR/USD is currently consolidating after rebounding from a key support area. The next movement will depend on the price’s interaction with the highlighted resistance zone. Bullish Scenario: now will try to reach 1.10828 and If the price breaks above the resistance zone between 1.10828 and 1.11413, it will likely...

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Futures Edge Higher as S&P 500 and Nasdaq Extend Six-Day Winning Streak Nasdaq Technical Analysis The Nasdaq is anticipated to undergo a bearish correction today, with price action likely to consolidate between 19,210 and 19,625 until a breakout occurs. Bullish Scenario: For a bullish continuation, the price must break above 19,625 and close a 4-hour candle...

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Canadian Dollar Technical Outlook The Canadian Dollar is exhibiting a bearish trend as long as it trades below 1.3743, with the potential to reach 1.3628. For a bullish reversal, the price would need to stabilize above 1.3743, potentially extending the trend toward 1.3828. Key Levels: - Pivot Price: 1.3743 - Resistance Levels: 1.3773, 1.3825, 1.3862 - Support...

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Equities Rise as Fed Minutes Indicate September Rate Cut Likely Current Technical Outlook: The trend suggests a potential upward movement as long as the price stays above 40,860. The market is expected to consolidate between 41,030 and 40,850 until a breakout occurs. Bullish Scenario: Stability above 40,850, could drive an increase toward 41,030, with...

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US Dollar Declines Early Friday as Markets Await Powell’s Speech Next Outlook: The market is currently navigating a crucial zone between 1.10820 and 1.11400. A break above or below this range will likely determine the next directional move. If the price stabilizes above 1.11410, it could signal a potential rally towards 1.12560. Conversely, if the price remains...

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The Dollar Stalls as Powell Takes the Stage at Jackson Hole Jerome Powell is set to address the Federal Reserve's Jackson Hole symposium on Friday, but the Fed Chair would need to strike an exceptionally hawkish tone to prevent the dollar (DXY) from ending the week with one of its steepest declines this year. Nasdaq Technical Analysis The price is still...

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Futures Climb as Investors Eye Powell’s Jackson Hole Speech U.S. stock index futures rose on Friday, with market participants eagerly awaiting Federal Reserve Chair Jerome Powell's remarks at the Jackson Hole Economic Symposium. Investors are looking for hints regarding future interest rate cuts in the world’s largest economy. Current Technical Outlook: The...

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Stock Index Futures Climb Ahead of Powell’s Jackson Hole Speech S&P 500 Technical Analysis: The S&P 500 recently pulled back from its resistance at 5643 and is currently consolidating within a narrow range between 5584 and 5620, awaiting a decisive breakout. Bullish Scenario: A breakout above 5644 is necessary to challenge the all-time high (ATH) at 5675. If...

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Gold Future Slip But Holds Near Record Highs on Dollar Weakness Technical Analysis: Gold Current Outlook: The price has retreated from the resistance level at 2,526 and continues to trade below this key line. Bullish Scenario: Stability above 2509 will try to get 2516 and 2526. For the next bullish trend to begin, gold must break through 2,525, which could...

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The U.S. Energy Information Administration (EIA) forecasts that most of the projected increase in U.S. oil and natural gas production in 2025 will be driven by the Permian Basin. This growth is attributed to several factors, including enhanced productivity, the development of new and expanded infrastructure, and sustained high crude oil prices. The Permian...

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Futures edge higher as the prospect of Sept rate cut grows Nasdaq Technical Analysis The price still consolidating between 19625 and 20100. Bullish Scenario: A correction to 19770 is possible before resuming the bullish trend, in general Stability above 19625 will support a bullish trend to 20100 Bearish Scenario: A bearish move could unfold if the price...

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It's beginning to look a lot like rate cuts S&P 500 Technical Analysis The price is currently consolidating between 5620 and 5675, awaiting a breakout. Bullish Scenario: Stability above 5620 means will touch 5642 and above it 5672 Bearish Scenario: If the price remains below 5620, it could lead to a corrective move down to 5584. Key Levels: - Pivot Line:...

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Gold Futures Edge Lower on Profit-Taking as Market Awaits Fed Chair’s Speech Gold markets remain relatively calm for now, but this is expected to change as the week progresses with the release of the latest Federal Reserve minutes and Fed Chair Jerome Powell’s speech at the Jackson Hole symposium on Friday. Technical Analysis: Gold Current Outlook: The...

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Market Outlook: Minutes from the Fed's July policy meeting are due later today, followed by Chair Jerome Powell's speech at the Jackson Hole economic symposium on Friday. Market participants expect Powell to hint at a potential rate cut in September, though any emphasis on persistent inflation could dampen investor sentiment. According to the CME's FedWatch...