EUR/USD is trading at 1.18966, 0.18% up since Friday. The EUR slightly gained the momentum after heavily sliding down last week against the strong greenback. The cautious market sentiments ahead of ECB Chief’s Lagarde speech pulled up this rally in EUR/USD today. Earlier, the sudden hawkish stance hinted by FOMC regarding two interest rate hikes in the year 2023 caused a massive selling in EUR/USD. The Euro-zone Final CPI data remained constant same as previous reading which failed to show any major changes in EURO. As seen in the chart, the pair is below the major Fibo level 61.8 which shows the chances of reversal till the same. However, the level will remain vital as this may lead to a make or break situation & hence, cautious trading may be seen for the day in EUR/USD.
Read More… Read LessIntra Day | |
Near Day |
R3 | 1.20323 |
R2 | 1.19546 |
R1 | 1.19065 |
Turnaround | 1.18769 |
S1 | 1.18288 |
S2 | 1.17992 |
S3 | 1.17215 |
Gold is trading at $1782.99, 0.36% up since previous close. A strong rebound can be seen in Gold against soft greenback after plunging down heavily in the last week. The Fed’s hawkish stance of raising interest rate twice in the year 2023 remained supportive for USD & negative for the precious metals. However, the mixed market sentiments ahead of ECB Lagarde’s speech & ongoing M & A deals in Europe remains vital for Gold today. The market will be looking forward to the outcome of Fed Powell testifying speech on Tuesday. As seen in the chart, the commodity is strongly trading near Fibo level 61.8 which indicates a make or break situation on short to medium term basis.
Read More… Read LessIntra Day | |
Near Day |
R3 | 1845.99000 |
R2 | 1809.89000 |
R1 | 1786.86000 |
Turnaround | 1773.79000 |
S1 | 1750.57000 |
S2 | 1737.90000 |
S3 | 1701.59000 |
AUS200 is trading at 7191, 0.09% up since previous day close. An upside can be seen in Asian shares following the positive momentum in global indices ahead of ECB Chief Lagarde speech. Last week, the FOMC hinted a rate hike chances & also, may hit tapering talks which widely slid down the AUS200. The Australian Retail Sales grew by just 0.1% lower than expectation 0.4% which shows a slowdown in industrial activity. The result of PMI figures will be closely monitored on Tuesday. As seen in the chart, the AUS200 is tightly trading near lower trend-line of bullish channel pattern & also, RSI line is hovering near mid-level 50. Slight buying may be suggested for the day in AUS200 with the target of 7250 on short to medium term basis.
Read More… Read LessIntra Day | |
Near Day |
R3 | 7477.00000 |
R2 | 7352.00000 |
R1 | 7270.00000 |
Turnaround | 7227.00000 |
S1 | 7145.00000 |
S2 | 7102.00000 |
S3 | 6977.00000 |
XFlow Markets provides an entirely transparent access to the FOREX Market through two powerful trading platforms with excellent execution speed, a 24/5 client support system with no dealing desk involvement.
© 2024 XFlow Markets, All rights reserved.
Risk Warning: Leveraged trading in foreign currency contracts or other off-exchange products on margin carries a high level of risk and may not be suitable for everyone. We advise you to carefully consider whether trading is appropriate for you in light of your personal circumstances.
You may lose more than you invest. Information on this website is general in nature. We recommend that you seek independent financial advice and ensure you fully understand the risks involved before trading. Trading through an online platform carries additional risks.
XFlow Markets INC is incorporated in Saint Lucia with registration no. 2023/C088 governed by the Companies Act, Cap 13.01 of the revised laws of Saint Lucia.
XFlow Markets does not offer Contracts for Difference to residents of certain jurisdictions including the Belgium, Iran, Canada, North Korea, the USA, Cuba, Syria and FATF Black Listed Countries.
Telephone number: UAE: +971 43304431 Working hours: 7:00 AM - 5:00 PM (GMT+0)
XFlow Markets does not offer any fixed returns & guaranteed profits. Forex and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Your capital is at risk. Please consider our Risk Disclosure.
XFlow Markets does not guarantee any returns or profits. Your capital is at risk. Leveraged products may not be suitable for everyone. Please consider our Risk Disclosure.