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Nasdaq 100 reversed from strong support level 21000.00 Likely to rise to resistance level 22000.00 Nasdaq 100 index recently reversed up from the strong support level 21000.00 (former resistance from the start of November), intersecting with the support trendline of the daily up channel from November and the 50% Fibonacci correction of the upward impulse […]

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NZD/USD Stabilises Ahead of the Holidays

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04/01/2024

Australian Dollar Stabilizes on Solid Chinese PMI

The Australian dollar has steadied on Thursday and is trading at 0.6732 in the European session, up 0.02%. This follows a four-day slide in which the Aussie fell 1.6%. Later in the day, the US releases unemployment claims and the ADP employment report, which comes just one day ahead of US nonfarm payrolls. China’s Caixin […]
28/03/2024

A First Fed Rate Cut in June Seems Highly Premature

Markets German Bunds outperformed US Treasuries yesterday on milder than expected Spanish CPI and soft comments from Italian ECB board member Cipollone. He suggested that the ECB might be able to reduce rates swiftly as the to give the economy a chance to recover as inflation eases. German yields declined between 5.8 bps (5 & […]
27/03/2024

Will EURJPY Re-Test 16-Year High Soon?

EURJPY rebounds off 163.30, holding above rising trend line Bullish bias in longer-term timeframes But MACD and RSI loses momentum in near term EURJPY found support at the 163.30 barrier and is moving again towards the 16-year high of 165.36 that was recorded on March 20. The pair has been remaining in an upward tendency […]