The Stoxx50 equity index is exhibiting bearish price action sentiment, consistent with the prevailing downtrend. Recent movements show signs of a corrective pullback, suggesting temporary relief within a broader downward structure.
Key Technical Levels:
Resistance:
5,325 – Critical resistance level; previously acted as an intraday consolidation zone.
5,384 –...
Trend Overview:
The FTSE100 equity index 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: 8800 (primary pivot), followed by 8760 and 8700
Resistance: 8940 (initial),...
Friday, June 20 – Key Economic Data & Central Bank Events
United States
Philadelphia Fed Business Outlook (June) – Regional manufacturing sentiment indicator.
Leading Economic Index (May) – Composite of 10 leading indicators, used to forecast future economic activity.
China
1-Year & 5-Year Loan Prime Rates – Benchmark lending rates set by the PBoC; key for...
The GBP/JPY currency pair continues to display a bearish outlook, in line with the prevailing downward trend. Recent price action suggests a corrective pullback, potentially setting up for another move lower if resistance holds.
Key Level: 196.50
This zone, previously a consolidation area, now acts as a significant resistance level.
Bearish Scenario (rejection...
The GBPCHF currency pair continues to display a bearish outlook, in line with the prevailing downward trend. Recent price action suggests a corrective pullback, potentially setting up for another move lower if resistance holds.
Key Level: 1.1070
This zone, previously a consolidation area, now acts as a significant resistance level.
Bearish Scenario (rejection at...
Trend Overview:
EURGBP 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: 0.8510 (primary pivot), followed by 0.8490 and 0.8470
Resistance: 0.8570 (initial), then...
The GBPUSD currency pair maintains a bullish price action structure, supported by the ongoing rising trend. Current intraday movement appears to be a corrective pullback within a consolidation phase, potentially offering a buying opportunity within the broader uptrend.
Key Technical Levels:
Support (Key Trading Level): 1.3380 (prior consolidation...
The DAX equity index remains in a bearish technical setup, in line with the prevailing downward trend. Recent price action is forming a corrective pullback, suggesting temporary relief within a broader negative structure.
Key Technical Levels:
Resistance: 23,700 (previous intraday consolidation zone)
Support levels:
22,880 (initial target)
22,640
22,500...
Key Market Drivers:
1. Australia Jobs Data (May)
• Jobs unexpectedly fell → AUD weakened
• AUDUSD dipped toward support; bearish bias unless RBA signals hawkish stance
• Best plays: Short AUD vs NZD, USD
2. Swiss & Norwegian Rate Cuts
• SNB cut to 0.0%, Norges Bank cut to 4.25%
• Both were dovish surprises → CHF and NOK sold off
• Best plays: Long USDCHF, EURCHF,...
Key Support and Resistance Levels
Resistance Level 1: 2170
Resistance Level 2: 2195
Resistance Level 3: 2242
Support Level 1: 2074
Support Level 2: 2050
Support Level 3: 2000
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...
Geopolitics & Market Sentiment
Iran-Israel conflict enters its sixth day, raising fears of broader escalation.
Speculation is building that Donald Trump may authorize the use of the Massive Ordnance Penetrator (bunker-buster bomb) to target Iran’s nuclear facilities.
Trump is also meeting with Pakistan’s army chief today for talks on Iran, adding to geopolitical...
Key Support and Resistance Levels
Resistance Level 1: 77.50
Resistance Level 2: 78.90
Resistance Level 3: 80.50
Support Level 1: 73.50
Support Level 2: 72.30
Support Level 3: 71.00
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...
WTI Price: Trading around $74.60, extending gains in European trading hours.
Key Drivers Today:
Geopolitical Risk:
Tensions between Israel and Iran are rising.
Trump called for Iran’s “unconditional surrender,” increasing fears of US involvement.
Iran may shut the Strait of Hormuz — a key oil shipping route — which could disrupt supply and push prices...
Key Support and Resistance Levels
Resistance Level 1: 7788
Resistance Level 2: 7920
Resistance Level 3: 7995
Support Level 1: 7630
Support Level 2: 7578
Support Level 3: 7500
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...
Trend Overview:
The FTSE100 equity index 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: 8800 (primary pivot), followed by 8760 and 8700
Resistance: 8940 (initial),...
🇺🇸 US
Housing & Jobless Data: Signs of slowdown could boost rate cut bets and weaken the USD. Strong numbers may do the opposite.
TIC Flows: Shows foreign demand for US assets—important for long-term USD strength.
🇬🇧 UK
May Inflation (CPI): A hot reading could delay Bank of England rate cuts and strengthen the pound. A weak reading would do the opposite.
🇯🇵...
Trend Overview:
Bitcoin BTCUSD 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: 103,620 (primary pivot), followed by 101,770 and 100,140
Resistance: 109.830...
Key Support and Resistance Levels
Resistance Level 1: 42880
Resistance Level 2: 43540
Resistance Level 3: 42940
Support Level 1: 41800
Support Level 2: 41400
Support Level 3: 41100
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...
