GBP/USD is trading at 1.25131, 0.03% up since previous day close. The mixed trading can be seen in Sterling Pound against the steady USD ahead of the result o U.S CPI data release event which is to be held on Wednesday. Globally, the steady USD on account of escalating tension U.S & China over tech trade issues & uncertain U.S Fed monetary outlook in its upcoming meeting in the month of September subdued the other currencies. The traders & investors will be looking forward to the outcome of Claimant Count Change & Average Earnings Index data which are to be issued today. As seen in the chart, although the pair seems to be sustaining long-term MA (200) & hence, a make-or-break situation can be seen for the day.
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Near Day |
R3 | 1.26457 |
R2 | 1.25791 |
R1 | 1.25436 |
Turnaround | 1.25125 |
S1 | 1.2477 |
S2 | 1.24459 |
S3 | 1.23793 |
GER30 is trading at 15835, 0.08% up since previous day close. The European shares seems to be trading flat to higher side ahead of the U.S CPI data release event on Wednesday. On global front, the ongoing U.S-China trade woes & uncertain Fed monetary outlook in the upcoming meeting of September remains vital for indices. The ECB is to hold its meeting on Thursday with a focus on change in monetary policy; keeping in concern the weaker economic conditions. The result of German ZEW Economic Sentiment data will remain in focus for the day. As seen in the chart, the index took a strong support of long-term MA (200) & forms the cluster support as well. Buying momentum may be initiated in GER30 on an intraday basis if crosses over MA (10) & MA (20).
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Near Day |
R3 | 16124.00000 |
R2 | 15971.00000 |
R1 | 15908.00000 |
Turnaround | 15818.00000 |
S1 | 15755.00000 |
S2 | 15665.00000 |
S3 | 15512.00000 |
Gold is trading at $1922.44, 0.02% up since previous close. An indecisive trend seems to be forming up in gold prices since last few sessions against the steady USD as traders & investors are eyeing the result of U.S inflation rate data due to be issued on Wednesday. Last week, the Fed members speech signaling for conservative monetary approach in the near future led the buying pressure in gold to some extent. The tension between U.S & China may affect the consumption demand of metals; for Chian is a major consumer of metals. Uncertain FOMC monetary outlook may remain vital for precious metals. As seen in the chart, the commodity is trading near Fibo level 50.0 which indicates a make-or-break situation for the day.
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Near Day |
R3 | 1948.26000 |
R2 | 1935.91000 |
R1 | 1928.75000 |
Turnaround | 1923.56000 |
S1 | 1916.43000 |
S2 | 1911.21000 |
S3 | 1898.33000 |
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