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Market Turmoil: EUR/USD Falls, Silver Stable, Trump’s Odds Rise.

By Research Team Monday, Jul 15, 2024
EUR/USD

    • 11.30amD1
    • High1.0905
    • Low1.0880
    • Close1.0904

EUR/USD is trading at 1.0898,0.07% down since previous day close. During Monday’s Asian session, EUR/USD is under attack below 1.0900. Due to risk aversion following the Trump rally shooting, the pair is gradually declining. Strong selling pressure was applied to the (USD) due to disappointing inflation data from the US. When the RSI reaches 70, it indicates an overbought situation. There was a gap down opening, which suggests that the market may consolidate. 1.0911 is the closest resistance, and 1.0859 is support.

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Daily Outlook

EUR/USD

Intra Day
Near Day

Technical Levels

R3 1.0963
R2 1.0944
R1 1.0911
Turnaround 1.0888
S1 1.0859
S2 1.0829
S3 1.0802
By Research Team Monday, Jul 15, 2024
US30

    • 11.35amD1
    • High40188.00
    • Low40060.00
    • Close40185.00

US30  is trading at 40149,0.31% up since previous day close. In the twilight hours of Sunday, U.S. market index futures remained stable amidst conjecture on the potential boost to presidential contender Donald Trump’s prospects of winning. As the second quarter results season got off, investors were also anticipating a plethora of significant corporate earnings in the days ahead. There was a gap up opening today, suggesting a bullish trend. If it breaks, the closest resistance is 40303; if it doesn’t, it can reach 40629 and 39741.

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Daily Outlook

US30

Intra Day
Near Day

Technical Levels

R3 40904.00
R2 40629.00
R1 40303.00
Turnaround 39750.00
S1 39741.00
S2 39273.00
S3 39147.00
By Research Team Monday, Jul 15, 2024
SILVER

    • 11.40amD1
    • High31.00
    • Low30.57
    • Close30.67

XAG/USD is trading at 30.68, 0.27% down since previous day close. In a placid market response to conflicting economic data in China’s largest consumer nation, silver held steady at $30.9 an ounce on Monday. Investors are now awaiting news from this week’s Third Plenum, where senior Chinese authorities will talk about modernization and reform initiatives. After a gap downward opening, the market may consolidate or decrease today. The nearest support is at 30.52, while the nearest resistance is at 31.76.

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Daily Outlook

SILVER

Intra Day
Near Day

Technical Levels

R3 32.52
R2 32.10
R1 31.76
Turnaround 30.66
S1 30.52
S2 30.09
S3 29.46
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