SroshMayi

SroshMayi

Producer Prices Report Lifts Equities Ahead of CPI Data The price has successfully reached all our previously mentioned targets, and today's movement will be heavily influenced by the CPI release. Current Outlook: As long as the price remains below 39,900 and 40,020, the trend indicates a potential downward movement. Bullish Scenario: If the CPI comes in below...

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Futures Steady Ahead of Key Inflation Report The price has pushed up and reached our target successfully, with momentum still aiming for 5,460 and 5,491. Today’s CPI report is expected to significantly impact market movements. Bullish Scenario: The price is likely to attempt reaching 5,460, with further movement depending on the CPI result. If the CPI comes in...

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Gold Drops on Profit-Taking as U.S. Inflation Data Looms Technical Analysis: Gold Current Outlook: The price advanced as predicted, and to maintain the bullish trend, a break above the all-time high (ATH) of 2,475 is necessary to target 2,484 and 2,493. Bullish Scenario: The price needs to break above 2,475 to confirm a bullish trend towards 2,484 and 2,493....

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Futures Mixed as PPI Data to Kick Off a Crucial Economic Week U.S. stock index futures showed mixed performance on Tuesday as investors awaited the producer prices index (PPI) data, which is expected to provide insights into the Federal Reserve's future interest-rate decisions. Meanwhile, Home Depot shares declined following a downward revision of its full-year...

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Nasdaq Technical Analysis The price retested its support line yesterday, then resumed its upward movement, continuing the bullish trend. The current momentum suggests further advances toward 18,760 and 18,910, before potentially pulling back as long as trading remains below the pivot zone. Next Outlook: The price is expected to consolidate between 18,760 and...

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S&P 500 Maintains Bullish Trend After Successful Retest, Targets 5412 The S&P 500 (SPX) has stabilized within a bullish trend by holding above 5,327, targeting 5,363 and 5,412 soon, especially after the successful retest it completed yesterday. The current volatility and technical indicators continue to suggest bullish momentum. Bullish Scenario: As long as the...

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Gold Futures Rise as Long-Term Outlook Remains Positive Technical Analysis: Gold Current Outlook: Stabilization above 2428 means an uptrend toward 2450 and 2466 due to the high bullish volume with a correction till 2428 Bullish Scenario: The price will touch 2450, and then should break 2450 to be a bullish trend till 2466, Bearish Scenario: Stabilization...

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Will Speculators Rebuild Yen Short Positions? Recent CFTC data on FX positioning reveals that the net short positions on the Japanese yen (JPY) have decreased for the fifth consecutive week, dropping to 11,354 contracts as of August 6. This marks the lowest level since March 2021, coinciding with the USD/JPY decline to a nine-month low of 141.67 on the EBS...

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Bullish Momentum in S&P 500 as Market Stabilizes Above 5327 The S&P 500 (SPX) has stabilized within a bullish trend by stabilizing above 5327, targeting 5363 and 5412 soon. The current volatility and technical indicators suggest bullish momentum. Bullish Scenario: As long as the price trades above 5327 will support a bullish trend toward 5412 Bearish...

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Futures Muted Ahead of Data-Packed Week with CPI in Focus U.S. stock index futures remained subdued on Monday as investors prepared for a data-heavy week, with particular attention on U.S. consumer price index (CPI) data. This release will provide critical insights into the Federal Reserve's potential interest rate decisions in September. Nasdaq Technical...

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Gold Futures Rise as Long-Term Outlook Remains Positive Technical Analysis: Gold Current Outlook: Stabilization above 2428 means an uptrend toward 2450 due to the high bullish volume Bullish Scenario: Stability above 2428 could extend the bullish trend towards 2441 and breaking of 2442 will get 2450 and 2466 Bearish Scenario: Stabilization below 2420...

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Michael Saylor Makes Bitcoin Statement As BTC Reclaims $62,000 Briefly Current Outlook: The price will consolidate between 59950 and 62400 till breaking Bullish Scenario: If Bitcoin remains above $62400, it could trend towards $64900. Stability above $64900 confirms a bullish trend, targeting $70000. Bearish Scenario: Stabilizing below $59940 targets $56888. A...

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Stock Futures Rise as Rebound Continues; Asia, Europe Up Bullish Scenario: stability above 39410 means will support a bullish trend toward 39590 and 39790 Bearish Scenario: The price should drop and break the support line which is 39410 to be bearish till 39245 and under it will get 39050 Key Levels: - Pivot Line: 39410 - Resistance Levels: 39580, 39780,...

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Continued Market Volatility Stock Index Futures Extend Rebound as U.S. Recession Fears Ease The S&P 500 (SPX) has stabilized within a bullish trend, targeting 5,363 and 5,412 in the near term. Current volatility and technical indicators suggest bullish momentum. Bullish Scenario: As long as the price trades above 5,327, the bullish trend is likely to continue...

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Nasdaq Technical Analysis The price has reversed and stabilized above the pivot line at 18,425. Next Outlook: The price is expected to consolidate between 18,415 and 18,680 until a breakout occurs. Bullish Scenario: Stability above 18,420 will support a bullish trend toward 18,680, with potential to reach 18,910. Bearish Scenario: If the price drops and...

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GBPUSD Technical Analyse The price is expected to trade in a bearish zone due to its stabilization below the pivot line at 1.26970, with an initial target of 1.26200. Bearish Scenario: As long as the price remains below 1.26970, it is likely to drop to 1.26200, and further declines could gradually lead to 1.2541. Bullish Scenario: For an uptrend to be...

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WTI Crude Oil Futures Dip Amid Geopolitical Concerns WTI crude oil futures fell to $74.80 per barrel on Thursday, following a 2.8% increase in the previous session. Investors are concerned about potential retaliatory strikes by Iran against Israel, in response to recent assassinations of Hamas and Hezbollah leaders. Despite these tensions, Iran's president...

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Gold Futures Rise as Long-Term Outlook Remains Positive Technical Analysis: Gold Current Outlook: It tries to reach 2420, and the price will consolidate between 2397 and 2420, Bullish Scenario: Stability above 2397 could extend the bullish trend towards 2420 and breaking of 2420 will get 2428 and 2466 Bearish Scenario: Stabilization below 2420 could support a...