fbpx

Register for MT4 Demo Account

Register for xStation Account

JPY Weakens on Export Dip, Nasdaq Gains Amid Earnings, Gold Steady, WTI Holds Key Levels.

By Research Team Thursday, Oct 17, 2024
USD/JPY

    • 14:30D1
    • High149.796
    • Low149.026
    • Close149.556

USD/JPY is trading at 149.63, 0.16% down since previous day close. The Japanese Yen (JPY) weakened against the US Dollar (USD), falling near its lowest levels since August due to declining exports and uncertainty over BoJ rate hikes. Meanwhile, the USD remains strong, supported by elevated Treasury yields and expectations of moderate Federal Reserve rate cuts. Technically if USD/JPY breaks above the 150.00 level, it could rise toward 150.85, while support lies at 149.00, with potential further downside to 148.55.

Read More… Read Less

Daily Outlook

USD/JPY

Intra Day
Near Day

Technical Levels

R3 150.85
R2 150.34
R1 149.94
Turnaround 149.74
S1 149.53
S2 149.26
S3 149.00
By Research Team Thursday, Oct 17, 2024
US100

    • 15:00D1
    • High20245
    • Low20054
    • Close20165

US100 index is trading near 20,350, supported by upbeat corporate earnings and expectations of a strong performance from major tech companies. Wall Street sentiment has improved after strong quarterly reports, helping the index recover from earlier losses. If earnings season continues to impress, a breakout above 20,410 could signal more gains, but any disappointing data could push it below 20,261, renewing downside pressure. Investors are cautiously optimistic, awaiting key economic indicators.

Read More… Read Less

Daily Outlook

US100

Intra Day
Near Day

Technical Levels

R3 20504
R2 20465
R1 20410
Turnaround 20310
S1 20261
S2 20237
S3 20113
By Research Team Thursday, Oct 17, 2024
WTI

    • 14:05D1
    • High71.28
    • Low69.65
    • Close70.68

WTI is trading at 70.34, 0.39% down since previous day close. A break below $69.90 could signal further downside toward $68.50, while a breakout above $71.29 might drive prices toward $72.50. Given ongoing global demand concerns, particularly from China, and geopolitical risks in the Middle East, traders should closely monitor these levels for potential movement.

Read More… Read Less

Daily Outlook

WTI

Intra Day
Near Day

Technical Levels

R3 72.50
R2 71.85
R1 71.29
Turnaround 71.05
S1 69.90
S2 69.45
S3 68.50
footer-logo

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.