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S&P 500 index broke resistance level 5785.00 Likely to rise to resistance level 5985.00 S&P 500 index under the bullish pressure after the price broke resistance zone located between the pivotal resistance level 5785.00 (which stopped wave 1 last month) and the resistance trendline of the daily up channel from last year. The breakout of […]

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13/08/2024

EUR/USD Outlook: In Quiet Mode, Awaiting Economic Data for Fresh Ssignals

EURUSD is holding within a narrow congestion, capped by Fibo resistance at 1.0933 (Fibo 61.8% of 1.1139/1.0601), as markets slowed ahead of key release this week – US inflation report. German ZEW economic sentiment (July f/c 32.6 vs June 41.8) due in a while, would also impact Euro’s sentiment. Technical picture is predominantly bullish on […]
12/08/2024

Back in Business

In focus today Danish CPI is due this morning, and we expect inflation to decline from 1.8% in June to 0.9% in July, as last year’s temporary suspension of the electricity fee exits the inflation measure. In the week ahead, we will watch out particularly for US inflation for July, due on Wednesday. We will […]
09/01/2024

Japanese Yen Shrugs as Tokyo Core CPI Slows

Tokyo Core CPI eases to 2.1% The Japanese yen has posted slight gains for a second straight day. In the European session, USD/JPY is trading at 144.10, down 0.09%. Tokyo Core CPI dips to 2.1% Tokyo Core CPI rose 2.1% y/y in December, down from 2.3% in November and matching the estimate of 2.1%. This […]