The DAX remains in a bullish trend, with recent price action showing signs of a resistance breakout within the broader uptrend.
Support Zone: 24335 – a key level from previous consolidation. Price is currently testing or approaching this level.
A bullish rebound from 24335 would confirm ongoing upside momentum, with potential targets at:
24800 – initial...
Economic Data Overview:
United States – Initial Jobless Claims:
This weekly indicator will offer a timely snapshot of US labor market conditions. A rise could signal softening employment dynamics, potentially supporting a dovish bias from the Fed. Conversely, sustained low claims would reaffirm resilience in the jobs market, complicating rate-cut timing.
United...
The USD/CHF pair is currently trading with a bearish bias, aligned with the broader downward trend. Recent price action shows a retest of the falling resistance, suggesting a temporary relief rally within the downtrend.
Key resistance is located at 0.8045, a prior consolidation zone. This level will be critical in determining the next directional move.
A bearish...
The USDCAD currency pair remains in a bearish technical structure, consistent with the prevailing downtrend. Recent price action suggests sideways consolidation, indicating indecision as the pair pauses before its next directional move.
Key Technical Levels:
Resistance:
1.3700 – Key pivot zone; previously acted as intraday resistance.
1.3740 – Minor...
Key Support and Resistance Levels
Resistance Level 1: 2270
Resistance Level 2: 2295
Resistance Level 3: 2320
Support Level 1: 2200
Support Level 2: 2190
Support Level 3: 2170
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...
Metals Market Volatility
Trump’s proposed 50% tariff on copper imports triggered a sharp drop in London copper prices (~2%), with risks of falling below $9,000/ton. While U.S. prices spiked on supply concerns, the global move reflects industrial demand fears—potentially weighing on manufacturing and cyclical stocks.
Trade Negotiations Intensify
Asian trade...
Key Support and Resistance Levels
Resistance Level 1: 7260
Resistance Level 2: 7310
Resistance Level 3: 7460
Support Level 1: 6860
Support Level 2: 6760
Support Level 3: 6690
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...
WTI prices ticked higher as renewed Houthi attacks in the Red Sea raised supply and shipping risk concerns.
A drone and speedboat strike on a Greek-operated vessel killed four crew members, marking the second attack in a day and signaling a fresh escalation after a temporary Middle East truce.
The Red Sea remains a critical route for crude flows, and heightened...
Copper futures spiked—largest intraday gain in decades—after Trump announced a 50% import tariff.
Market fears supply disruption, especially from major exporters like Chile and Peru.
Bullish short-term outlook as U.S. buyers may rush to stockpile ahead of enforcement.
Risk of retaliation or broader trade tensions could limit gains if global demand...
The FTSE remains in a bullish trend, with recent price action showing signs of a resistance breakout within the broader uptrend.
Support Zone: 8785 – a key level from previous consolidation. Price is currently testing or approaching this level.
A bullish rebound from 8785 would confirm ongoing upside momentum, with potential targets at:
8900 – initial...
The BTCUSD remains in a bullish trend, with recent price action showing signs of a resistance breakout within the broader uptrend.
Support Zone: 104,890 – a key level from previous consolidation. Price is currently testing or approaching this level.
A bullish rebound from 104,890 would confirm ongoing upside momentum, with potential targets at:
110.780 –...
Key Support and Resistance Levels
Resistance Level 1: 45000
Resistance Level 2: 45440
Resistance Level 3: 46000
Support Level 1: 44000
Support Level 2: 43700
Support Level 3: 43430
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...
Trump Softens Tariff Stance:
Trump said the Aug. 1 tariff deadline isn’t firm, easing fears of an immediate trade war. US equity futures rose on hopes for more negotiation. Japan criticized the planned 25% tariff, calling it “truly regrettable.”
Texas Floods – Trump to Visit:
Over 100 people died in the Texas floods, including 27 children. Trump said he’ll visit...
The EURAUD currency pair maintains a bullish bias, underpinned by the prevailing upward trend. Recent sideways consolidation in intraday price action suggests a potential continuation pattern within the broader uptrend.
The key level to watch is 1.7880, marking the lower boundary of the recent consolidation range. A corrective pullback toward this level, followed...
The EURCHF 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 0.9370, a prior consolidation zone. This level will be critical in determining the next directional move.
A bearish...
The EURUSD currency pair continues to exhibit a bullish price action bias, supported by a sustained rising trend. Recent intraday movement reflects a sideways consolidation breakout, suggesting potential continuation of the broader uptrend.
Key Technical Level: 1.1640
This level marks the prior consolidation range and now acts as pivotal support. A corrective...
The DAX40 remains in a bullish trend, with recent price action showing signs of a corrective pullback within the broader uptrend.
Support Zone: 23850 – a key level from previous consolidation. Price is currently testing or approaching this level.
A bullish rebound from 22850 would confirm ongoing upside momentum, with potential targets at:
24410 – initial...
