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Silver Stabilizes, NZD/USD Approaches 0.5950 Pre-Fed, Stock Futures Dip Ahead of Fed Decision and Megacap Earnings

By Research Team Tuesday, Apr 30, 2024
NZD/USD

    • 11.30amD1
    • High0.5984
    • Low0.5984
    • Close0.539

NZD/USD is trading at 0.5969, 0.64% up since previous day close. During the mid-North American session, the Pound Sterling retreats and registers losses against the US Dollar, slumping below 1.2500. Data from the United States showed that inflation is picking up, which would deter Fed intentions from cutting interest rates. The GBP/USD trades at 1.2492, down 0.15%. on daily chart basis this pair come out from support zone and may move ahead next resistance 1.2560 the RSI is in neutral phase everyone eyes on FED rate cut on 1st May meeting chair by Powell.

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Daily Outlook

NZD/USD

Intra Day
Near Day

Technical Levels

R3 0.5969
R2 0.599
R1 0.601
Turnaround 0.59
S1 0.5938
S2 0.5915
S3 0.5905
By Research Team Tuesday, Apr 30, 2024
US100

    • 11.35amD1
    • High17833
    • Low17677
    • Close17798

US100 is trading at 17801, 0.47% up since previous day close.  U.S. stock index futures moved little in evening deals on Monday as a rally in the technology sector appeared to be running out of steam amid dwindling hopes for interest rate cuts by the Federal Reserve.Focus was now on a Fed meeting later in the week for more cues on policy, after a series of hot inflation readings saw traders price out most expectations for any near-term rate cuts.While Wall Street indexes marked some gains in the past three sessions, they were still set to clock losses for April.

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Daily Outlook

US100

Intra Day
Near Day

Technical Levels

R3 17840
R2 18080
R1 18177
Turnaround 17800
S1 17675
S2 17535
S3 17300
By Research Team Tuesday, Apr 30, 2024
SILVER

    • 11.40amD1
    • High27.426
    • Low26.938
    • Close27.131

Silver is trading at 26.90, 0.20 down since previous day close. Silver metal also follow yellow metal if yellow working than silver also in high demand but this time silver falling from 29 and seems consolidating from last 7 days this market waiting for FED meeting after meeting investor speculating to more fall in coming days on daily chart basis currently trading at 26.90 and resistance level is 29.400.

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Daily Outlook

SILVER

Intra Day
Near Day

Technical Levels

R3 27.407
R2 27.795
R1 28.193
Turnaround 26
S1 26.907
S2 26.5
S3 26
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