fbpx

Register for MT4 Demo Account

Register for xStation Account

USD/JPY dips from 147.00 on BoJ speculation, Wall Street steady, WTI rises on supply concerns.

By Research Team Thursday, Oct 3, 2024
USD/JPY

    • 11.30amD1
    • High147.23
    • Low146.45
    • Close146.67

USD/JPY is trading at 146.41, 0.11% down since previous day close. closest As PM Ishiba stated that the current situation did not call for additional interest rate increases, the value of the Japanese yen fell. Japan’s Hayashi stated that the Prime Minister did not ask BoJ Governor Ueda for any details on monetary policy.  A closer look at the daily chart reveals that there is a strengthening bullish bias as the pair seeks to breach above the ascending channel pattern. 147.99 is the closest resistance.

Read More… Read Less

Daily Outlook

USD/JPY

Intra Day
Near Day

Technical Levels

R3 151.98
R2 149.93
R1 147.99
Turnaround 145.47
S1 143.39
S2 141.33
S3 139.61
By Research Team Thursday, Oct 3, 2024
GER30

    • 11.35amD1
    • High19175
    • Low19028
    • Close19067

GER30 is trading at 19088, 0.39% down since previous day close. While investors examined important inflation data for the European Union. European shares fell on Thursday, led by German technology company SAP. Leading sectoral falls was the automobile industry, which dropped 2.1% to its lowest level in almost a year. Stellantis, which fell more than 4% to a new low, was the largest decliner among cars. The technical view indicates a negative trend when the RSI reaches 54. 18939 is the nearest support.

Read More… Read Less

Daily Outlook

GER30

Intra Day
Near Day

Technical Levels

R3 19891
R2 19720
R1 19460
Turnaround 19268
S1 18939
S2 18689
S3 18376
By Research Team Thursday, Oct 3, 2024
WTI

    • 11.40amD1
    • High71.67
    • Low71.22
    • Close71.65

WTI is trading at 71.62, 0.27% up since previous day close. The US benchmark for crude oil, West Texas Intermediate, is now trading at about 70.60 on Thursday. WTI continues to rise as traders evaluate Middle Eastern oil supply risks following Iran’s missile attack on Israel earlier this week. Iran has pledged to retaliate, raising concerns about potential interruptions to Iranian oil production facilities. The daily chart analysis shows that there is positive trading between the pairs. 72.99 is the closest resistance.

Read More… Read Less

Daily Outlook

WTI

Intra Day
Near Day

Technical Levels

R3 77.12
R2 75.06
R1 72.99
Turnaround 70.83
S1 70.36
S2 66.88
S3 65.49
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.