Chart Analysis:
USD/JPY finds support at the 38.2% Fibonacci retracement level (151.50), leading to a sharp recovery above the 200-day SMA.
1️⃣ Fibonacci Retracement Levels Holding:
The recent pullback tested key Fibonacci retracement levels, with buyers stepping in at 151.50 (38.2%).
Further support levels sit at 149.23 (50%) and 146.95 (61.8%), which remain...
The USD/JPY extended its rally following the release of hotter-than-expected US CPI data, which fuelled a surge in bond yields and strengthened the dollar. Headline CPI rose 0.5% month-over-month, surpassing the expected 0.3%, while Core CPI climbed 0.4% versus the 0.3% forecast. On an annual basis, CPI reached 3.0% and Core CPI hit 3.3%, both above expectations....
Nasdaq remains within the borders of its 2-year up-trending channel, and a break above 22,000–22,200 is needed to confirm the next rally toward 22,800–22,900.
On the downside, tariff pressures and AI competition have led to temporary dips to 20,800. A firm close below 21,200 and 20,800, particularly below the 2-year channel boundaries, could extend losses toward...
Australian ASX 200 SPI futures remain a buy-on-dips play until the price action suggests otherwise, bouncing again off channel support on Tuesday, repeating the pattern seen numerous times over the past two months.
Even though momentum indicators don’t look great, with MACD rolling over while RSI (14) remains in a modest downtrend, it’s hard to turn outright...
The German index increased just over 3% in the past five sessions, driven by the strong performance of companies such as SAP, Siemens, and Deutsche Bank , which have posted gains exceeding 3% during this period. Notably, these companies represent more than 20% of the weight in DAX 40, making their positive performance a key factor in sustaining the bullish...
Gold has dropped more than $50 from its overnight high, when it set a new a record at $2942. It is now back below $2900 as rising bond yields and the dollar provides counterbalance to haven demand amid trade wars.
At the time of writing, it was testing short-term support near $2880/84 area, where it had previously found resistance, before breaking to new all...
Gold surged to an un-sustained high of $2,942 per ounce, touching the lower boundary of its October 2023–2024 up-trending channel, before retreating below the key $2,920 level.
RSI has hit extreme overbought levels, last seen during the U.S. elections, signaling a potential pullback, especially with U.S. CPI data and trade negotiations ahead.
A close above...
McDonald's stock has surged over 4.5% , reinforcing its bullish momentum, which had been paused after a prolonged neutral phase. Today’s earnings report has been a key driver, as the company posted earnings per share of $2.83 , in line with forecasts, along with a questionable sales figure of $6.39 billion , slightly below the $6.44 billion ...
Amid upside risks from Trump’s tariffs and downside pressures from policies favoring price cuts and overproduction, oil remains highly volatile, trading above key support levels while maintaining its broader downward trajectory from 2022 to 2025.
Critical support zones to monitor include $69.5, $66, and $64, which have acted as key rebound areas since December...
Currently hovering just above the intersection of minor horizontal and uptrend support, with momentum indicators such as RSI (14) and MACD continuing to generate bullish signals, a potential long setup is emerging in silver.
Bulls could consider establishing longs above $31.75, with a tight stop beneath this level or the minor uptrend established on January 27....
During the last trading session, Amazon's stock dropped by more than 3.5% , bringing its price below $230 per share. This sharp decline followed the company's quarterly earnings release yesterday, where it reported earnings of $1.86 per share , surpassing the expected $1.49 , and revenue of $187.79 billion , slightly above the $187.30 billion projected....
Gold pulled back from recent highs as the US dollar and bond yields rebounded on renewed inflation concerns. The University of Michigan’s Inflation Expectations survey surged to 4.3% from 3.3%, raising fears of persistent price pressures. Strong wage growth in January (0.5% month-over-month) further fuelled expectations that the Federal Reserve will maintain its...
In recent sessions, Google's stock has recorded a decline of over 8% in just a couple of trading days, as market confidence weakens following the company's latest earnings report (February 4). Google Cloud services revenue grew by 30% , falling short of the expected 35% , signaling that competition in the cloud sector is becoming increasingly aggressive for...
Sterling turned from confluent resistance today on the heels of the Bank of England interest rate cut. The objective yearly open is eyed at 1.2513 with the upper parallel of the September pitchfork further highlighting the technical significance of this zone.
Support rests with the 61.8% retracement at 1.2261 - losses should be limited to by this level IF...
Gold has been one of the most prominent assets in recent sessions, recording a valuation increase of over 4% in the last five trading sessions. This surge is primarily driven by investors flocking to the safe-haven asset as concerns grow over the economic tensions generated by the White House in recent days. The global economic growth outlook has weakened due to...
The markets remain in a risk-on mode, with major global indices rallying.
Earlier in Europe, the German DAX, the UK’s FTSE, and several other indices hit record highs. The FTSE outperformed due to weak UK economic data, which increased the likelihood of more rate cuts from the Bank of England. While the BoE cut rates as expected, two MPC members voted for a...
Silver continues to respect the extended trendline (May 2024–Jan 2025), marking the upper boundary of an expanding consolidation.
A rebound from $28.80 lifted XAGUSD toward the 32.60 resistance, aligning with the lower border of the Oct 2023–Oct 2024 uptrend, supported by haven demand from Trump Tariffs & Trade Wars.
Retracement risks are rising at the lower...
AUD/USD is testing minor support at .6262 following a failure to break the 50DMA. Whether it holds this level may determine which direction it takes later in the session.
If the price can’t break .6262 convincingly, longs could be established above with a stop beneath for protection. The aim would be to see a retest of the 50DMA with a break of that level...
