US equities rallied, with the S&P 500 hitting a new high (+1.13%) after July CPI matched expectations, keeping hopes alive for a September Fed rate cut. Headline CPI was +0.2% MoM / +2.7% YoY, helped by falling gasoline prices, while core CPI rose +0.32% MoM, lifting the YoY rate to 3.1% — the highest core reading in six months. Markets shrugged off the stickier...
The Brent Crude Oil is currently trading with a bearish bias, aligned with the broader downward trend. Recent price action shows a retest of the resistance, suggesting a further selling pressure within the downtrend.
Key resistance is located at 6790, a prior consolidation zone. This level will be critical in determining the next directional move.
A bearish...
The WTI Crude Oil is currently trading with a bearish bias, aligned with the broader downward trend. Recent price action shows a retest of the resistance, suggesting a further selling pressure within the downtrend.
Key resistance is located at 6600, a prior consolidation zone. This level will be critical in determining the next directional move.
A bearish...
The CAC40 remains in a bullish trend, with recent price action showing signs of an oversold rally within the broader uptrend.
Support Zone: 7700 – a key level from previous consolidation. Price is currently testing or approaching this level.
A bullish rebound from 7700 would confirm ongoing upside momentum, with potential targets at:
7830 – initial...
The FTSE remains in a bullish trend, with recent price action showing signs of a corrective sideways consolidation within the broader uptrend.
Support Zone: 9066 – a key level from previous consolidation. Price is currently testing or approaching this level.
A bullish rebound from would confirm ongoing upside momentum, with potential targets at:
9185 – initial...
Economic Data
Japan: Producer prices rose 2.6% YoY (slowest in a year), machine tool orders up 3.6% YoY thanks to foreign demand.
Germany: Wholesale prices –0.1% MoM, +0.5% YoY.
Central Banks
Fed’s Barkin: Says consumers are key to inflation and jobs trends; rates seen as appropriate.
Goolsbee & Bostic: Speaking later today/week.
Earnings...
The ADAUSD remains in a bullish trend, with recent price action showing signs of a corrective sideways consolidation within the broader uptrend.
Support Zone: 7,370 – a key level from previous consolidation. Price is currently testing or approaching this level.
A bullish rebound from 7,370 would confirm ongoing upside momentum, with potential targets at:
8,340...
ETHUSD Bullish breakout continuation support at 4,056
The ETHUSD remains in a bullish trend, with recent price action showing signs of a corrective sideways consolidation, within the broader uptrend.
Support Zone: 4,056 – a key level from previous consolidation. Price is currently testing or approaching this level.
A bullish rebound from 4,056 would confirm...
Key Support and Resistance Levels
Resistance Level 1: 44700
Resistance Level 2: 44924
Resistance Level 3: 45130
Support Level 1: 43760
Support Level 2: 43477
Support Level 3: 43288
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...
US equities were little changed Monday. Nvidia (-0.35%) and AMD (-0.28%) slipped after agreeing to pay 15% of Chinese AI chip sales revenue to the US government in exchange for export licenses — a deal Trump confirmed, adding he may allow a scaled-down Blackwell chip to be sold in China. The Philadelphia Semiconductor Index fell -0.13%, cushioned by Intel (+3.51%)...
The BTCUSD remains in a bullish trend, with recent price action showing signs of a corrective pullback within the broader uptrend.
Support Zone: 115,580 – a key level from previous consolidation. Price is currently testing or approaching this level.
A bullish rebound from 115,580 would confirm ongoing upside momentum, with potential targets at:
122,334 –...
The EURAUD remains in a neutral trend, with recent price action showing signs of a corrective consolidation within the broader uptrend.
Support Zone: 1.7800 – a key level from previous consolidation. Price is currently testing or approaching this level.
A bullish rebound from 1.7800 would confirm ongoing upside momentum, with potential targets at:
1.7927 –...
EURCHF overbought pullback support at 0.9384
The EURCHF remains in a bullish trend, with recent price action showing signs of a corrective pullback within the broader uptrend.
Support Zone: 0.9384 – a key level from previous consolidation. Price is currently testing or approaching this level.
A bullish rebound from 0.9384 would confirm ongoing upside momentum,...
EURUSD Bullish Flag continuation support at 1.1544
The EURUSD remains in a bullish trend, with recent price action showing signs of a corrective pullback within the broader uptrend.
Support Zone: 1.1544 – a key level from previous consolidation. Price is currently testing or approaching this level.
A bullish rebound from 1.1544 would confirm ongoing upside...
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...
Tuesday, 12 August – Key events
Data:
US: July CPI (main focus), NFIB small business optimism, federal budget balance, jobless claims change.
UK: June average weekly earnings, unemployment rate.
Japan: July M2, M3.
Germany/Eurozone: August ZEW surveys, Germany June current account.
Canada: June building permits.
Central banks:
Fed’s Barkin speaks.
RBA:...
Trend Overview:
The AUDUSD currency price remains in a bullish trend, characterised by higher highs and higher lows. The recent intraday price action is forming a continuation consolidation pattern, suggesting a potential pause before a renewed move higher.
Key Technical Levels:
Support: 0.6420 (primary pivot), followed by 0.6400 and 0.6370
Resistance: 0.6560...
The NZDUSD remains in a bullish trend, with recent price action showing signs of a corrective pullback within the broader uptrend.
Support Zone: 0.5887 – a key level from previous consolidation. Price is currently testing or approaching this level.
A bullish rebound from 0.5887 would confirm ongoing upside momentum, with potential targets at:
0.6020 – initial...
