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Nasdaq-100 reversed from resistance level 20600.00 Likely to fall to support level 20000.00 Nasdaq-100 index recently reversed down from the major resistance level 20600.00 (which stopped the previous sharp upward impulse wave (A) at the start of July), strengthened by the upper daily Bollinger Band. The downward reversal from the resistance level 20600.00 created the […]

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09/09/2024

An Eventful Week Ahead

In focus today In the euro area, we receive the Sentix investor confidence indicator, which is the first indicator of investor sentiment in September. Overnight, Chinese trade data for August is released. While exports recovered during H1, momentum has faded due to a weaker global manufacturing sector. Hence, one of China’s few growth drivers in […]
20/08/2024

Pound Near July Highs: What Could Trigger a Breakout?

The slowdown in U.S. inflation and a cooling labour market have rekindled investor confidence that the Federal Reserve may soon begin cutting interest rates. As bearish sentiment towards the dollar dominates the market, key currency pairs have approached critical levels, the breach of which could spark new medium-term trends. GBP/USD Technical analysis of GBP/USD suggests […]
11/04/2024

USD/JPY Technical: Rising US Treasury-JGB Yield Spreads Outweigh BoJ’s Intervention Risk

A firmer March’s US CPI has altered the relative fundamentals narrative between the US & Japan. Reduces the risk of FX intervention from Japanese authorities to prop up a weaker JPY due to the lack of supporting fundamentals. The bullish reversal seen in the 10-year yield spread of the US Treasury over JGB may act […]