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USD/JPY Nears 150.00; Wall Street Futures Rise on Earnings, Gold Steady Amid Geopolitical Tensions

By Research Team Tuesday, Oct 15, 2024
USD/JPY

    • 11:30D1
    • High149.966
    • Low149.132
    • Close149.707

USD/JPY is trading at 149.51, 0.16% down since previous day close. The Japanese Yen (JPY) is struggling to maintain gains against its American counterpart, with investors scaling back expectations for more interest rate hikes by the Bank of Japan in 2024. The US Dollar (USD) is standing tall near a two-month peak, while the S&P 500 and Dow Jones Industrial Average hit new record highs. The technical outlook suggests USD/JPY bulls need to wait for a move beyond the 150.00 psychological mark before placing fresh bets.

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Daily Outlook

USD/JPY

Intra Day
Near Day

Technical Levels

R3 149.77
R2 149.66
R1 149.59
Turnaround 149.48
S1 149.37
S2 149.3
S3 149.19
By Research Team Tuesday, Oct 15, 2024
US100

    • 12:30D1
    • High20521
    • Low20225
    • Close20476

US100 is trading at 19396, 0.13% up since previous day close. Wall Street futures fluctuated on Monday, with the S&P 500 and Nasdaq on track to open higher as investors prepare for a week filled with corporate earnings and economic data. Major financial companies, including JPMorgan Chase, Wells Fargo, and BlackRock, rallied after the third-quarter corporate earnings season. Companies will need to justify their valuations and satisfy investors.

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Daily Outlook

US100

Intra Day
Near Day

Technical Levels

R3 20790
R2 20650
R1 20550
Turnaround 20470
S1 20408
S2 20350
S3 20280
By Research Team Tuesday, Oct 15, 2024
GOLD

    • 14:00D1
    • High2666
    • Low2643
    • Close2649

XAU/USD is trading at 2654, 0.19% up since previous day close. Gold futures have risen 0.1% to $2,668.40 a troy ounce, holding near their all-time high. The market is waiting for a new catalyst, with prices fluctuating in a narrow band since peaking at $2,708.70 an ounce on Sept. 26. Gold is supported by safe-haven demand amid Middle East geopolitical tensions. However, significant gains are capped by a stronger U.S. dollar and Treasury yields. Investors await further U.S. interest-ratecuts.

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Daily Outlook

GOLD

Intra Day
Near Day

Technical Levels

R3 2685
R2 2671
R1 2666
Turnaround 2653
S1 2643
S2 2635
S3 2625
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