USD/JPY is trading at 144.45, 0.61% up since previous day close. Testing 144.00, the USD/JPY maintains its recent advances from Tuesday’s Asian session. Despite hawkish remarks from BoJ Ueda, the pair finally gains some traction on a bullish mood and a broad recovery in the US dollar. Investors are anticipating the governor of the Bank of Japan’s address today, during which he is anticipated to offer new guidance on the outlook for interest rates. For today, the pair has traded positively. 145.49 is the closest resistance.
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Near Day |
R3 | 149.4200 |
R2 | 147.3600 |
R1 | 145.4900 |
Turnaround | 143.7400 |
S1 | 141.6600 |
S2 | 139.2900 |
S3 | 137.5300 |
US30 is trading at 42228, 0.11% up since previous day close. US stocks rise little as a result of the massive interest rate drop last week by Fed policymakers. The gains built on the strong market surge from last week following the central bank’s decision to decrease interest rates. They occurred amid remarks made by Fed policymakers and stable manufacturing activity statistics. On a broader scale, however, the index showed positive trading. 42240 is the closest resistance, and 41441 is the closest support.
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Near Day |
R3 | 43429.00 |
R2 | 42817.00 |
R1 | 42240.00 |
Turnaround | 42022.00 |
S1 | 40684.00 |
S2 | 39981.00 |
S3 | 39214.00 |
XAU/USD is trading at 2629, 0.01% up since previous day close. The price of gold declines from its all-time high as demand for US dollars rises. Geopolitical risks, dovish Fed predictions, and the unpredictability of US politics to contain losses. Increased US Treasury bond rates stimulate demand for the currency (USD), which in turn leads to some profit-taking in the commodity market. Technical perspective states that when the RSI hits 73, it indicates an overbought zone. The pair’s price may rise further. 2643 is the closest resistance.
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Near Day |
R3 | 2701.00 |
R2 | 2671.00 |
R1 | 2643.00 |
Turnaround | 2625.00 |
S1 | 2546.00 |
S2 | 2510.00 |
S3 | 2471.00 |
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