A packed data slate and central bank commentary will shape market sentiment today. Key focus will be on China’s official PMIs for June, offering the first major insight into the health of the global manufacturing cycle as Q3 begins. A soft print could amplify global growth concerns, while a surprise to the upside may support risk sentiment across Asia and...
Silver – Technical Analysis
The Silver price action continues to exhibit a bullish sentiment, underpinned by a prevailing rising trend. However, recent intraday moves indicate a corrective pullback, reflecting short-term consolidation within the broader uptrend.
Key Technical Levels:
Support:
3,500 – Primary support and previous consolidation zone; critical...
WTI crude oil is trading just above a two-week low of 6400, as demand concerns continue to weigh on prices.
The pressure comes from uncertainty around President Trump’s tariff policy, which could worsen when the current 90-day pause ends on July 9. So far, only a minor trade deal with the UK has been reached, adding to fears of a global slowdown and weaker oil...
The SOXX50 remains in a bullish trend, with recent price action showing signs of a corrective pullback within the broader uptrend.
Support Zone: 5200 – a key level from previous consolidation. Price is currently testing or approaching this level.
A bullish rebound from 5200 would confirm ongoing upside momentum, with potential targets at:
5335 – initial...
The FTSE remains in a bullish trend, with recent price action showing signs of a corrective pullback within the broader uptrend.
Support Zone: 8695 – a key level from previous consolidation. Price is currently testing or approaching this level.
A bullish rebound from 8695 would confirm ongoing upside momentum, with potential targets at:
8820 – initial...
Friday, June 27 – Market Focus
A packed session lies ahead with key inflation, growth, and sentiment data releases from major global economies, alongside speeches from central bank officials that could shape rate expectations.
United States:
Markets will closely watch the May PCE inflation report—the Fed’s preferred gauge of inflation—alongside personal income...
The GBPCAD currency pair price action sentiment appears Bullish, supported by the current rising trend. The recent intraday price action seems to be a sideways consolidation breakout.
The key trading level is at the 1.8500 level, the previous consolidation price range. A corrective pullback from the current levels and a bullish bounce back from the 1.8500 level...
Key Support: 196.75
This level marks the prior consolidation zone and serves as a critical pivot. A corrective pullback toward 196.75 followed by a bullish reversal would validate the uptrend, with upside targets at:
199.20 – Initial resistance and short-term target
199.70 – Minor resistance zone
200.40 – Longer-term breakout objective
However, a daily close...
Key Support and Resistance Levels
Resistance Level 1: 43200
Resistance Level 2: 43544
Resistance Level 3: 43900
Support Level 1: 42240
Support Level 2: 41740
Support Level 3: 41280
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...
The US dollar hit a three-year low and Treasury yields declined after reports suggested Donald Trump may replace Fed Chair Jerome Powell earlier than expected. Investors interpreted this as a sign that rate cuts could come sooner, adding uncertainty to the outlook for the dollar and US bonds—already under pressure from tariff concerns and a growing fiscal...
Key Support and Resistance Levels
Resistance Level 1: 1.1070
Resistance Level 2: 1.1120
Resistance Level 3: 1.1170
Support Level 1: 1.0915
Support Level 2: 1.0865
Support Level 3: 1.0815
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...
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 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: 1.3600
This level marks the prior consolidation range and now acts as pivotal support. A corrective...
Trend Overview:
The DAX index maintains a bullish overall sentiment, supported by a sustained rising trend on the higher timeframes. However, recent intraday price action suggests a corrective pullback and consolidation phase, likely part of a broader continuation pattern.
Key Support and Resistance Levels:
Support:
Initial support: 23,330 – a key previous...
Economic Data Highlights (US & Europe):
A busy day for economic indicators, particularly out of the US.
Durable Goods Orders (May): Markets will watch for signs of resilience or weakness in US manufacturing, with core capital goods orders acting as a proxy for business investment.
Chicago Fed National Activity Index: Could offer a broader snapshot of US economic...
The USDCAD pair continues to trade within a broader bearish trend, with recent price action suggesting a temporary oversold rebound. The pair is currently attempting to recover from near-term lows, yet remains capped below a key technical resistance level.
Key Resistance: 1.3800 – This level marks a prior consolidation zone and represents immediate resistance. A...
Key Support and Resistance Levels
Resistance Level 1: 2180
Resistance Level 2: 2195
Resistance Level 3: 2220
Support Level 1: 2110
Support Level 2: 2095
Support Level 3: 2080
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...
President Trump rejected a Pentagon intelligence report suggesting his airstrikes on Iran had limited effect, claiming they caused “total obliteration,” despite inconclusive satellite imagery. In a surprising move that weakens longstanding US sanctions, Trump also allowed China to resume purchases of Iranian oil.
Federal Reserve Chair Jerome Powell reiterated...
