The DAX40 continues to exhibit bullish sentiment, aligning with the prevailing short term uptrend. Recent price action suggests that the index experienced an oversold rally, which subsequently spiked above near a key resistance zone.
A corrective pullback to 22,826, followed by renewed buying pressure, would likely confirm a bullish reversal, with upside targets...
Thursday May 8
Data: US Q1 nonfarm productivity, Q1 unit labor costs, March wholesale trade sales, April NY Fed 1-yr inflation expectations, initial jobless claims, UK April RICS house price balance, Germany March industrial production, trade balance
Central banks: BoE, Riksbank and Norges Bank decision, BoJ minutes of the March meeting, BoE's April DMP survey,...
The USDJPY pair is exhibiting a bearish sentiment, reinforced by the ongoing downtrend. The key trading level to watch is at 145.60, which represents the current intraday swing low and the falling resistance trendline level.
In the short term, an oversold rally from current levels, followed by a bearish rejection at the 145.60 resistance, could lead to a downside...
Recent price action in USDCHF suggests an oversold bounce, with resistance capping gains at the 0.8300 level.
The continuation of selling pressure could extend the downside move, with key support levels at 0.8130, followed by 0.8090 and 0.8050.
Alternatively, a confirmed breakout above 0.8300, accompanied by a daily close higher, would invalidate the bearish...
The USDCAD pair is exhibiting a bearish sentiment, reinforced by the ongoing downtrend. The key trading level to watch is at 1.4060, which represents the current intraday swing low and the falling resistance trendline level.
In the short term, an oversold rally from current levels, followed by a bearish rejection at the 1.4060 resistance, could lead to a downside...
Key Support and Resistance Levels
Resistance Level 1: 41,450
Resistance Level 2: 41,900
Resistance Level 3: 42,470
Support Level 1: 40,220
Support Level 2: 39,760
Support Level 3: 39,150
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...
Macro & Central Banks
The Federal Reserve is expected to keep interest rates unchanged. Officials say policy is well-positioned, despite political frustration.
China is adding stimulus: cutting rates, reducing bank reserve requirements, and increasing gold reserves for the sixth month in a row.
Markets
U.S. stock futures are higher.
The U.S. dollar is...
The price sentiment for Brent Crude Oil remains bearish, in line with the prevailing downtrend. Recent price action shows an oversold rally, which has stalled near a previous consolidation zone around 6533 — a key resistance level.
Key Resistance Level: 6533
This level marks a previous intraday consolidation area and could act as a ceiling for the current...
The price sentiment for WTI Crude Oil remains bearish, in line with the prevailing downtrend. Recent price action shows an oversold rally, which has stalled near a previous consolidation zone around 6200 — a key resistance level.
Key Resistance Level: 6200
This level marks a previous intraday consolidation area and could act as a ceiling for the current...
GBP/USD maintains a bullish bias, with the broader trend and structure supporting upside continuation. The recent intraday move appears to be an overbought corrective pullback toward a key prior consolidation area.
Key Support: 1.3210 – aligns with the previous consolidation zone and potential bullish inflection point.
Upside Targets:
1.3435 – initial resistance...
The FTSE 100 is showing bullish momentum, supported by an ongoing uptrend. Recent price action suggests a breakout above a period of sideways consolidation, indicating strong buying interest.
Key Support: 8454 – This was the previous consolidation zone and now acts as a critical level.
If the index pulls back to 8454 and holds, it may resume the uptrend with...
LTC/USD shows a bullish price action sentiment, supported by a sustained upward trend. Recent intraday activity indicates sideways consolidation, hinting at potential accumulation before a breakout.
Key Levels:
Support: 809 (primary), followed by 777, and 738
Resistance: 938, with extended targets at 963 and 1000
The 809 level remains the key pivot and prior...
ETH/USD maintains a bullish sentiment, supported by an ongoing upward trend. However, recent intraday price action shows signs of sideways consolidation, suggesting a pause or potential setup before the next significant move.
Key Levels:
Support: 1,726 (primary), followed by 1,680 and 1,620
Resistance: 1,910, with extended targets at 1,960 and 2,020
The 1,726...
The BTC/USD pair maintains a bullish overall sentiment, underpinned by a sustained upward trend. However, recent intraday price action suggests a phase of sideways consolidation, indicating a potential buildup before the next directional move.
Key Levels:
Support: 90,880 (primary), followed by 88,800 and 87,070
Resistance: 98,940, with extended targets at...
Key Support and Resistance Levels
Resistance Level 1: 41420
Resistance Level 2: 41900
Resistance Level 3: 42470
Support Level 1: 40240
Support Level 2: 39760
Support Level 3: 39150
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 stock futures are signaling a second straight day of losses. Palantir shares dropped 9% pre-market after its earnings disappointed high expectations. Ford also fell, withdrawing its financial guidance and warning that new tariffs would hurt profitability.
In Europe, political uncertainty hit German markets as Friedrich Merz failed to secure a majority vote to...
