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Archive for 2024

  • Home
  • Forex Market Update: Key Levels & Trends for GBP/JPY, AUD/NZD, CAD/CHF, and AUD/USD

Forex Market Update: Key Levels & Trends for GBP/JPY, AUD/NZD, CAD/CHF, and AUD/USD

  • Analysis Team
  • 17 September 2024
  • 0 Comments

GBPJPY For GBP/JPY pair the price has experienced a notable downtrend and is currently trading around 185.448. Notable resistance is observed around the 191.085 level, marked by a red area where the price has historically faced selling pressure. Meanwhile, a support zone is identified between 178.500 and 181.500, indicated by the blue shaded area, where […]

Technical Analysis

Hong Kong Stocks Up on Stimulus Hopes; Meituan and New World Lead

  • Ayhan
  • 16 September 2024
  • 0 Comments

Hong Kong stocks rebounded, marking their third consecutive day of gains, as weak economic data from China fueled hopes for further stimulus measures from Beijing. Optimism surrounding an impending US Federal Reserve rate cut also lifted market sentiment. The Hang Seng Index rose by 0.3% to 17,422.12 on Monday, recovering from earlier losses of up […]

News

Bullish Trends Dominate: EUR/USD, GBP/USD, XAU/USD, and XAG/USD Hold Upward Momentum

  • Analysis Team
  • 16 September 2024
  • 0 Comments

EURUSD The EUR/USD currency pair is demonstrating a consistent upward trend across all examined time frames, indicating a strong bullish sentiment in the market. On the 15-minute chart, there is a notable increase in trading volume, which suggests heightened market activity and potential buying interest. The Relative Strength Index (RSI) is at 70.72, positioning it […]

Technical Analysis

Markets React to ECB, U.S. CPI, and Chinese Data; Commodities and Crypto Surge 13.09.2024

  • Analysis Team
  • 13 September 2024
  • 0 Comments

This week, key economic events such as the ECB meeting, U.S. CPI and PPI, Chinese CPI, and Japanese GDP have shaped market movements. In the U.S., the CPI data came as expected on a yearly basis, reaching a three-year low. Core CPI held at 3.2%, its lowest level since 2021. Following the CPI release, expectations […]

Weekly Analysis

Market Analysis 13.09.2024

  • Analysis Team
  • 13 September 2024
  • 0 Comments

Today, with limited macroeconomic data, we are seeing the effects of yesterday’s market movements where the U.S. Dollar Index (DXY) dropped, leading to gains in both commodities and risk assets. Gold hit a new all-time high of $2,567, and other commodities followed, with silver reaching the critical $30 level. Brent crude oil had a weak […]

Market Analysis

Technical Analysis 13.09.2024

  • Analysis Team
  • 13 September 2024
  • 0 Comments

AUDNZD The price data and technical indicators for the AUD/NZD pair across different time frames suggest a prevailing bearish trend. On the 15-minute time frame, the price is currently at 1.08722. The volume is low, the RSI is at 45.59, indicating a position close to the neutral zone, and the Supertrend indicator is red, signaling […]

Technical Analysis

Technical Analysis 12.09.2024

  • Analysis Team
  • 12 September 2024
  • 0 Comments

EURUSD The EUR/USD chart indicates that the current price is at 1.10309, with resistance levels identified near 1.10703, as indicated by the red Supertrend line. The green Supertrend line at 1.10629 further underscores this resistance, suggesting a bearish short-term sentiment as the price remains below these levels. The RSI is at 46.44, reflecting a neutral […]

Technical Analysis

Market Analysis 12.09.2024

  • Analysis Team
  • 12 September 2024
  • 0 Comments

The U.S. Consumer Price Index (CPI) release did not surprise markets, coming in as expected on a yearly basis. However, the monthly Core CPI was a slight surprise, coming in 0.3% above expectations. This higher-than-expected core inflation figure put pressure on riskier assets and commodities after the U.S. market opened. Nevertheless, NVIDIA’s impressive 8.15% surge […]

Market Analysis

India Services Sector Continues Strong Expansion in August: PMI Report

  • Analysis Team
  • 12 September 2024
  • 0 Comments

As of September 4, 2024, India’s service sector marked its 37th consecutive month of growth, driven by robust new order growth, according to the latest S&P Global report. The seasonally adjusted services purchasing managers index (PMI) rose to 60.9 in August, up from 60.3 in July, well above the 50.0 mark, indicating sustained expansion. S&P […]

News

Oil Prices Rise but Remain Under Pressure Amid Hurricane Disruptions

  • Analysis Team
  • 12 September 2024
  • 0 Comments

As of 0719 GMT, oil prices saw a modest increase after Hurricane Francine swept through key production areas in the Gulf of Mexico, leading to the shutdown of 24% of the region’s oil production, which accounts for about 15%-17% of total U.S. output. However, according to Swissquote Bank analyst Ipek Ozkardeskaya, this rise in prices […]

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