EUR/USD is trading at 1.0910, 0.18% down since previous day close. In European trade on Wednesday, the pair is under pressure around 1.0900. Over the long term, though, the US economy appears to be exceeding its counterpart in Europe, a development suggesting that the Greenback is merely temporarily weak. A gap down opening was observed today, indicating a bearish trend, according to the daily chart analysis when the RSI reaches 60. 1.0901 and 1.0964 are the nearest supports and resistance, respectively.
Read More… Read LessIntra Day | |
Near Day |
R3 | 1.1033 |
R2 | 1.1008 |
R1 | 1.0964 |
Turnaround | 1.0932 |
S1 | 1.0901 |
S2 | 1.0783 |
S3 | 1.0732 |
US 100 is trading at 18185, 0.99% up since previous day close. The theory that the economy is about to enter a recession is refuted by U.S. central bank policymakers in response to July’s jobs numbers, which were worse than anticipated. According to the chief investment officer of HSBC’s private bank, the steep decline in tech equities has made it possible to invest in lucrative businesses for less money. For now, the market outlook is optimistic. 17252 is the closest support, and 18392 is the closest resistance.
Read More… Read LessIntra Day | |
Near Day |
R3 | 19611.00 |
R2 | 18852.00 |
R1 | 18392.00 |
Turnaround | 17833.00 |
S1 | 17252.00 |
S2 | 16963.00 |
S3 | 16593.00 |
XAU/USD is trading at 2392, 0.08% up since previous day close. Due to the dollar’s renewed strength and rising bond yields, gold fell below 2,390 an ounce on Wednesday, continuing its decline from the previous session. Nevertheless, the Federal Reserve’s numerous rate cuts that were anticipated in response to the negative US economic data maintained the metal’s positive bias. The market perspective is neutral for today as the RSI is currently at 48. The closest support is 2363 and resistance is 2418.
Read More… Read LessIntra Day | |
Near Day |
R3 | 2459.00 |
R2 | 2445.00 |
R1 | 2418.00 |
Turnaround | 2396.00 |
S1 | 2363.00 |
S2 | 2349.00 |
S3 | 2325.00 |
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.