Key Support and Resistance Levels
Resistance Level 1: 45400
Resistance Level 2: 45660
Resistance Level 3: 46000
Support Level 1: 44380
Support Level 2: 44080
Support Level 3: 43675
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...
Yesterday’s market action flipped from Wednesday’s pattern, with US Treasury yields jumping (10yr +5.1bps) after a much hotter-than-expected July Producer Price Index. Headline PPI surged +0.9% MoM (+3.3% YoY) vs. +0.2%/+2.5% expected — the largest monthly gain since March 2022 — and core PPI rose +0.6% MoM (+2.8% YoY) vs. +0.2%/+2.5% expected. The surprise beat...
The Silver remains in a bullish trend, with recent price action showing signs of a continuation breakout within the broader uptrend.
Support Zone: 3753 – a key level from previous consolidation. Price is currently testing or approaching this level.
A bullish rebound from 3753 would confirm ongoing upside momentum, with potential targets at:
3875 – initial...
The Gold remains in a bullish trend, with recent price action showing signs of a continuation breakout within the broader uptrend.
Support Zone: 3355 – a key level from previous consolidation. Price is currently testing or approaching this level.
A bullish rebound from 3355 would confirm ongoing upside momentum, with potential targets at:
3412 – initial...
Key Support and Resistance Levels
Resistance Level 1: 5488
Resistance Level 2: 5546
Resistance Level 3: 5605
Support Level 1: 5370
Support Level 2: 5306
Support Level 3: 5240
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...
FTSE previous resistance retest?
The FTSE remains in a bullish trend, with recent price action showing signs of a corrective pullback within the broader uptrend.
Support Zone: 9114 – a key level from previous consolidation. Price is currently testing or approaching this level.
A bullish rebound from 9114 would confirm ongoing upside momentum, with potential...
Key Data Releases
US (July): Retail sales, industrial production, capacity utilisation, import & export price indexes.
US (August): University of Michigan survey, Empire manufacturing index.
US (June): Business inventories, total net TIC flows.
China (July): Retail sales, industrial production, home prices, property investment.
Japan: Q2 GDP, June capacity...
The GBPCAD remains in a bullish trend, with recent price action showing signs of a continuation rally within the broader uptrend.
Support Zone: 1.8585 – a key level from previous consolidation. Price is currently testing or approaching this level.
A bullish rebound from 1.8585 would confirm ongoing upside momentum, with potential targets at:
1.8753 – initial...
The GBPJPY pair is currently trading with a bearish bias, aligned with the broader downward trend. Recent price action shows a retest of the resistance, suggesting a temporary relief rally within the downtrend.
Key resistance is located at 200.40, a prior consolidation zone. This level will be critical in determining the next directional move.
A bearish...
Key Support and Resistance Levels
Resistance Level 1: 45080
Resistance Level 2: 45400
Resistance Level 3: 45660
Support Level 1: 44380
Support Level 2: 44077
Support Level 3: 43675
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...
S&P 500 hits new high on rate cut bets – The index rose +0.32% to another record as markets priced in further Fed easing. Gains were broad-based, with 421 constituents higher, while small-caps outperformed sharply (Russell 2000 +1.98%, best two-day run since April). The Magnificent 7 lagged (-0.31%), easing from Tuesday’s record.
Macro backdrop – Optimism was...
The GBPCHF remains in a bullish trend, with recent price action showing signs of a continuation rally within the broader uptrend.
Support Zone: 1.0877 – a key level from previous consolidation. Price is currently testing or approaching this level.
A bullish rebound from 1.0877 would confirm ongoing upside momentum, with potential targets at:
1.1017 – initial...
The EURGBP remains in a bullish trend, with recent price action showing signs of a corrective pullback within the broader uptrend.
Support Zone: 0.8590 – a key level from previous consolidation. Price is currently testing or approaching this level.
A bullish rebound from 0.8590 would confirm ongoing upside momentum, with potential targets at:
0.8680 – initial...
The DAX remains in a bullish trend, with recent price action indicating a potential oversold rally within the broader uptrend.
Support Zone: 23790 – a key level from previous consolidation. Price is currently testing or approaching this level.
A bullish rebound from 23790 would confirm ongoing upside momentum, with potential targets at:
24540 – initial...
Data releases
US: July PPI, initial jobless claims
UK: Q2 GDP, July RICS house price balance
Eurozone: June industrial production, Q2 employment
Italy: June general government debt
Australia: July labour force survey
Central banks
Fed’s Barkin speaks
Norges Bank policy decision
Earnings
Applied Materials
Deere
Adyen
JD.com
Tapestry
This...
The GBPUSD remains in a bullish trend, with recent price action showing signs of a consolidation breakout rally within the broader uptrend.
Support Zone: 1.3466 – a key level from previous consolidation. Price is currently testing or approaching this level.
A bullish rebound from 1.3466 would confirm ongoing upside momentum, with potential targets at:
1.3675 –...
The USDCAD remains in a bullish trend, with recent price action showing signs of a corrective pullback within the broader uptrend.
Support Zone: 1.3730 – a key level from previous consolidation. Price is currently testing or approaching this level.
A bullish rebound from 1.3730 would confirm ongoing upside momentum, with potential targets at:
1.3830 – initial...
Key Support and Resistance Levels
Resistance Level 1: 2320.70
Resistance Level 2: 2336.20
Resistance Level 3: 2352.80
Support Level 1: 2280.00
Support Level 2: 2264.10
Support Level 3: 2240.35
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...
