NZD/USD is trading at 0.62636, 0.16% down since previous day close. The Kiwi lost the momentum post CPI data release wherein the rate grew by 1.1% higher than expectation 0.9% which signals for more inflationary pressure in an economy. This may lessen up the chances of monetary easing steps from RBNZ in near future. On Tuesday, the GDT Price Index data fell by 1.0% against the previous fall of 3.3% which turned out to be slightly negative for NZD/USD. Globally, uncertain FOMC monetary stance in upcoming meeting will remain vital for the pair NZD/USD. As seen in the chart, the pair retraced down till MA (100) & nearest Fibo level 50.0 may turn out to be next support level. The cautious trading may be recommended for the day in NZD/USD.
Read More… Read LessIntra Day | |
Near Day |
R3 | 0.64674 |
R2 | 0.63834 |
R1 | 0.63389 |
Turnaround | 0.62994 |
S1 | 0.62549 |
S2 | 0.62154 |
S3 | 0.61310 |
US100 is trading at 15957.3, 0.32% up since previous close. The U.S markets rallied against the mixed USD amid uncertain Fed monetary decision in its upcoming meeting which is to be held in next week. On data front, the U.S Retail Sales grew by 0.2% lower than expectation 0.4% & the Industrial Production fell by 0.5% same as previous figure. These failed to create any major impact on US100. The result of U.S Housing data will remain into focus for the day. Besides this, the traders are looking at the stimulus packaged offering & key interest rate cut-down decision by PBoC which creates positive sentiments. As seen in the chart, the index almost crossed over the major resistance level & a strong breakout may be witnessed if upside prevailed further.
Read More… Read LessIntra Day | |
Near Day |
R3 | 16499.00000 |
R2 | 16203.00000 |
R1 | 16081.00000 |
Turnaround | 15907.00000 |
S1 | 15785.00000 |
S2 | 15611.00000 |
S3 | 15315.00000 |
WTI Oil is trading at $75.32, 0.09% up since previous day close. The Oil prices resumed its upward momentum on Wednesday after China unveils the plan of offering the stimulus package to Beijing in order to support economic conditions; since China is a major Oil consuming country. The U.S American Petroleum Institute (API) issued a report showing a mild fall in Oil stocks level by 0.79 mbpd against the expected fall of 2.25 mbpd. On Monday, the Oil slid down on an account of weaker than expected Chinese GDP figures. The Oil production & supplies resumes at Libyan Oilfields which subdued the prices. The result of U.S EIA will remain in focus for the day. Slight buying bias may be recommended for the day in WTI Oil.
Read More… Read LessIntra Day | |
Near Day |
R3 | 25.80900 |
R2 | 25.40000 |
R1 | 25.22100 |
Turnaround | 24.99100 |
S1 | 24.81200 |
S2 | 24.58200 |
S3 | 24.17300 |
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.