Earnings season heats up with major companies like Visa, Coca-Cola, Starbucks, UPS, and Pfizer reporting results. In Europe, HSBC announced a $3 billion share buyback, while BP shares dropped due to weaker cash flow.
In Canada, the Liberal Party is set to win a fourth term, but likely without a majority, which could lead to a coalition-style...
The pair is in a bearish trend, with recent price action showing a bounce (oversold rally) that was rejected near 0.9430, a key resistance level from previous consolidation.
This rejection suggests sellers are still in control.
Key Levels to Watch:
Resistance: 0.9430 (key level), then 0.9500 and 0.9600 if broken.
Support: 0.9155, followed by 0.9100 and...
EUR/GBP maintains a bullish bias, supported by the prevailing upward trend. Recent intraday movement indicates a corrective pullback toward a key consolidation zone, offering a potential setup for trend continuation.
Key Support Level: 0.8444 – previous consolidation range and pivotal support
Upside Targets:
0.8550 – initial resistance
0.8620 and 0.8715 –...
Trend Overview: The EUR/USD currency pair remains in a bullish trend, supported by a prevailing uptrend. The recent intraday price action suggests a sideways consolidation (coiling price action) possibly triggering a corrective pullback towards a newly formed support zone, previously a resistance level.
Key Levels to Watch:
Support Levels:
1.1240 – Previous...
Silver INTRADAY uptrend continuation supported at 3247
Key Support and Resistance Levels
Resistance Level 1: 3383
Resistance Level 2: 3414
Resistance Level 3: 3457
Support Level 1: 3247
Support Level 2: 3184
Support Level 3: 3112
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular...
Gold INTRADAY corrective pullback supported at 3227
Trade optimism is lifting market sentiment, with the US Dollar gaining strength and pulling investment away from safe-haven Gold. However, uncertainty lingers due to conflicting signals in US-China trade talks. While President Trump claims discussions are ongoing, China denies any tariff negotiations. At the...
NZDUSD maintains a bullish bias, supported by the prevailing upward trend. Recent intraday movement indicates a Bullish breakout above the consolidation zone, offering a potential setup for trend continuation.
Key Support Level: 0.5920 – previous consolidation range and pivotal support
Upside Targets:
0.6080 – initial resistance
0.6150 and 0.6180 – extended...
AUDUSD maintains a bullish bias, supported by the prevailing upward trend. Recent intraday movement indicates a corrective pullback toward a key consolidation zone, offering a potential setup for trend continuation.
Key Support Level: 0.6355 – previous consolidation range and pivotal support
Upside Targets:
0.6470 – initial resistance
0.6500 and 0.6550 –...
Key Support and Resistance Levels
Resistance Level 1: 1980
Resistance Level 2: 2039
Resistance Level 3: 2076
Support Level 1: 1850
Support Level 2: 1813
Support Level 3: 1785
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...
Key Support and Resistance Levels
Resistance Level 1: 19590
Resistance Level 2: 20070
Resistance Level 3: 20344
Support Level 1: 18460
Support Level 2: 17820
Support Level 3: 17330
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...
Global Trade & Geopolitics
China may suspend steep tariffs on some U.S. imports, like medical equipment and ethane, to ease pressure on key industries—hinting at a more pragmatic trade stance.
Apple plans to shift most U.S. iPhone production to India by late next year, while Walmart is helping Chinese exporters sell locally—both reflecting efforts to reduce...
Key Support and Resistance Levels
Resistance Level 1: 3383
Resistance Level 2: 3414
Resistance Level 3: 3457
Support Level 1: 3247
Support Level 2: 3184
Support Level 3: 3112
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...
Gold prices slipped on Friday and are on track to end the week lower.
China denied any ongoing trade negotiations with the US, contradicting former President Trump's claims.
Despite this, markets are rallying on deal speculation, with traders rotating out of Gold and into equities.
Key Support and Resistance Levels
Resistance Level 1: 3392
Resistance Level 2:...
EUR/GBP maintains a bullish bias, supported by the prevailing upward trend. Recent intraday movement indicates a corrective pullback toward a key consolidation zone, offering a potential setup for trend continuation.
Key Support Level: 0.8450 – previous consolidation range and pivotal support
Upside Targets:
0.8736 – initial resistance
0.8787 and 0.8900 –...
The FTSE 100 Index remains in a bearish structure, with recent price action confirming a break below the prior consolidation zone, indicating potential for further downside.
Key Resistance: 8380 – former support turned resistance, aligning with the intraday consolidation area.
Support Levels:
8113 – near-term target if bearish momentum continues
7960 and 7850...
Macro Data to Watch:
US: April Kansas City Fed Services Index – May give insight into regional business sentiment.
UK: April GfK Consumer Confidence – Early read on sentiment post-budget.
March Retail Sales – Important for GBP and rate expectations.
Japan: April Tokyo CPI – Key inflation indicator ahead of BoJ policy.
France: April Business Confidence – Watch...
The AUDJPY currency pair remains in a bearish trend, with the recent price action showing signs of an oversold bounce. While a temporary rebound is in play, the broader sentiment remains weak unless a decisive breakout occurs.
Key Levels to Watch:
Resistance Levels: 91.85 (critical level), 92.84, 93.62
Support Levels: 87.87, 86.60, 85.70
Bearish Scenario:
A...
