United States – University of Michigan Consumer Sentiment (June)
High impact on USD, bonds, and equities
Traders watch this for consumer confidence and inflation expectations.
Higher inflation expectations could support USD and push yields up.
Japan – April Capacity Utilisation & Tertiary Industry Index
Moderate impact on JPY and Japanese stocks
Weak data...
The AUD/JPY pair is currently maintaining a bullish bias, underpinned by an ongoing uptrend. Recent price action shows sideways consolidation, typically a sign of trend continuation when occurring within an established bullish structure.
Key Level: 91.50
This level marks a prior consolidation zone and now acts as a critical support area.
Bullish Scenario (bounce...
GBP/CAD maintains a bullish bias, supported by a well-established rising trend. Recent intraday movement suggests sideways consolidation, which may serve as a base for the next upward leg if key support holds.
Key Level: 1.8530
This zone marks the previous consolidation range and serves as a critical support level.
Bullish Scenario (bounce from 1.8530):
A...
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...
Key Support and Resistance Levels
Resistance Level 1: 43190
Resistance Level 2: 43620
Resistance Level 3: 44290
Support Level 1: 42100
Support Level 2: 41420
Support Level 3: 40990
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...
Boeing Crash: An Air India Boeing 787 crashed after takeoff from Ahmedabad to London, killing all 242 on board. It’s the worst accident involving this model. Boeing shares dropped on renewed safety concerns.
Trump Tariffs: Donald Trump plans to set new tariff rates within 1–2 weeks before a July 9 deadline. The EU may be last to get a trade deal. Japan is...
The GBP/CHF currency pair is currently exhibiting a bearish sentiment, aligned with the broader downtrend. Recent price action shows the market is in a sideways consolidation phase, indicating a potential pause before the next directional move.
Key Trading Level: 1.1230
This level marks a prior intraday consolidation zone and serves as a critical resistance area...
The EUR/GBP currency pair is showing a bullish bias, supported by a sustained rising trend and a recent bullish breakout above a prior consolidation zone. Price action has breached the upper boundary of the consolidation range, indicating renewed upside momentum.
Key Technical Levels:
Support:
0.8450 – Former resistance, now acting as immediate support.
0.8425 –...
The GBP/USD currency pair maintains a bullish sentiment, supported by a rising trendline and sustained higher lows. The recent intraday price action suggests a corrective pullback within an overall uptrend, indicative of a consolidation phase rather than a reversal.
Key Support Level: 1.3500
This level aligns with a previous consolidation zone and is acting as a...
Trend Overview:
The DAX Index remains in a bullish trend, supported by a series of higher highs and higher lows. The broader structure continues to favour the upside, although recent intraday price action suggests a sideways consolidation, signalling a potential pause within the prevailing uptrend.
Key Support and Resistance Levels:
Support: 23680 (key pivot),...
U.S. Events
May PPI (Inflation):
Big market mover. If it’s hot, expect higher yields and stronger USD.
If it cools, stocks and bonds may rally.
Jobless Claims:
Signals labor market strength.
A jump could raise recession fears.
Q1 Household Net Worth:
Minor impact, but relevant for consumer spending outlook.
UK Data
April GDP:
Big for GBP. A weak print could...
The USDJPY currency pair is displaying a bearish sentiment, consistent with the broader downward trend. Price action is currently in a sideways consolidation phase, suggesting indecision as the market pauses before a potential directional move.
Key Resistance Level: 145.85 — This level represents a prior intraday consolidation zone and serves as a key pivot for...
The USDCHF currency pair maintains a bearish bias, consistent with the prevailing downtrend. Current price action is showing signs of sideways consolidation, suggesting temporary indecision before a potential continuation move.
Key Resistance Level: 0.8265 — This marks a crucial intraday consolidation zone. A failure to break above this level may reinforce...
The USDCAD currency pair continues to exhibit a bearish sentiment, aligned with the broader downtrend. Recent price action suggests a corrective pullback is underway, testing previous resistance zones.
Key Resistance Level: 1.3750 — This marks a significant intraday consolidation area. A rejection at this level would reinforce bearish momentum.
Support Targets:...
Key Support and Resistance Levels
Resistance Level 1: 2196
Resistance Level 2: 2230
Resistance Level 3: 2260
Support Level 1: 2070
Support Level 2: 2040
Support Level 3: 2010
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...
Trade:
The US and China agreed on a basic plan to restart trade in sensitive goods. China will speed up rare earth exports, and the US may ease some export rules. The deal still needs approval from Trump and Xi. A court also ruled Trump can keep his global tariffs for now. Markets dipped due to the lack of details, and focus is now on US inflation...
Trend Overview:
Brent Crude Oil 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: 6620 (primary pivot), followed by 6530 and 6440
Resistance: 6900 (initial), then...
Trend Overview:
WTI Crude Oil 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: 6380 (primary pivot), followed by 6320 and 6250
Resistance: 6650 (initial), then 6740...
