20th November
GBPUSD Buy position
Support levels: 1.2456 – 1.2395
Resistance levels: 1.2505 – 1.2583
#NQ100 Sell position
Support levels: 15722 – 15503
Resistance levels: 15867 –15971
XAGUSD Sell position
Support levels: 23.408 – 23.217
Resistance levels: 23.825 – 24.031
GBPUSD Buy position
Support levels: 1.2456 – 1.2395
Resistance levels: 1.2505 – 1.2583
#NQ100 Sell position
Support levels: 15722 – 15503
Resistance levels: 15867 –15971
XAGUSD Sell position
Support levels: 23.408 – 23.217
Resistance levels: 23.825 – 24.031
21th November
GBPUSD Sell position
Support levels: 1.2456 – 1.2395
Resistance levels: 1.2553 – 1.2601
#NQ100 Buy position
Support levels: 15945 – 15759
Resistance levels: 16057 –16134
XAUUSD Buy position
Support levels: 1987 – 1973
Resistance levels: 1996 – 2005
GBPUSD Sell position
Support levels: 1.2456 – 1.2395
Resistance levels: 1.2553 – 1.2601
#NQ100 Buy position
Support levels: 15945 – 15759
Resistance levels: 16057 –16134
XAUUSD Buy position
Support levels: 1987 – 1973
Resistance levels: 1996 – 2005
23th November
USDTRY Buy position
Support levels: 28.6850 – 28.5390
Resistance levels: 28.9540 – 29.1080
#DAX30 Sell position
Support levels: 15848 – 15693
Resistance levels: 16050 – 16186
XAUUSD Buy position
Support levels: 1987 – 1973
Resistance levels: 2000 – 2012
USDTRY Buy position
Support levels: 28.6850 – 28.5390
Resistance levels: 28.9540 – 29.1080
#DAX30 Sell position
Support levels: 15848 – 15693
Resistance levels: 16050 – 16186
XAUUSD Buy position
Support levels: 1987 – 1973
Resistance levels: 2000 – 2012
#FRESHFORECAST
#RTX #Stocks 🇺🇸 RTX Corp. (RTX) shares are currently priced around $82.60.
In early fall, a flaw was identified in aircraft engines from Pratt & Whitney, a division of the corporation. This led major A320-operating airlines to conduct tests on a portion of their fleets. Pratt & Whitney is actively monitoring the situation, expressing confidence that not all A320 aircraft are affected, mitigating potential significant losses.
📰 Despite these challenges, RTX maintains financial stability, evident in the regular payment of dividends, annually adjusted. The board of directors has approved a dividend of $0.59 per share on December 14, equating to a quarterly yield of 2.93%. Additionally, RTX has initiated a new $10 billion share repurchase program, funded through a mix of short-term and long-term debt.
📈 Analysts are optimistic, recommending the purchase of RTX shares with a target price of $90.
#StockMarket #Investing
#RTX #Stocks 🇺🇸 RTX Corp. (RTX) shares are currently priced around $82.60.
In early fall, a flaw was identified in aircraft engines from Pratt & Whitney, a division of the corporation. This led major A320-operating airlines to conduct tests on a portion of their fleets. Pratt & Whitney is actively monitoring the situation, expressing confidence that not all A320 aircraft are affected, mitigating potential significant losses.
📰 Despite these challenges, RTX maintains financial stability, evident in the regular payment of dividends, annually adjusted. The board of directors has approved a dividend of $0.59 per share on December 14, equating to a quarterly yield of 2.93%. Additionally, RTX has initiated a new $10 billion share repurchase program, funded through a mix of short-term and long-term debt.
📈 Analysts are optimistic, recommending the purchase of RTX shares with a target price of $90.
#StockMarket #Investing
Which way will the US market turn?
At the beginning of the week, the release of weekly unemployment claims and the final evaluation of wholesale inventories for October is anticipated. It is expected that the number of unemployment claims will remain stable, but in the context of recent labor market trends, the indicator may accelerate its growth.
Statistical data on consumer credit for October will also be presented. Experts predict a decrease in the volume of retail loans from $9.1 billion in September to $8.8 billion. In the event of an actual reduction in this indicator, the markets may perceive it as a signal of declining consumer demand and weakening inflationary pressure. However, in the context of data on the reduction of disposable income, there may be an increase in retail lending volumes.
#USMarket #FreshForecast
At the beginning of the week, the release of weekly unemployment claims and the final evaluation of wholesale inventories for October is anticipated. It is expected that the number of unemployment claims will remain stable, but in the context of recent labor market trends, the indicator may accelerate its growth.
Statistical data on consumer credit for October will also be presented. Experts predict a decrease in the volume of retail loans from $9.1 billion in September to $8.8 billion. In the event of an actual reduction in this indicator, the markets may perceive it as a signal of declining consumer demand and weakening inflationary pressure. However, in the context of data on the reduction of disposable income, there may be an increase in retail lending volumes.
#USMarket #FreshForecast
⚠️ At 13:30 GMT today, the US will release data on the state of its labor market. Forecasts suggest an increase of 180 thousand jobs last month, compared to 150 thousand in October.
📊 Last week, initial unemployment benefit applications in the US totaled 220 thousand, a slight increase from 219 thousand two weeks earlier.
📣 The Bank of Japan's head, Ueda, stated that the regulator is exploring options to normalize monetary policy and move away from negative interest rates. This led to a notable strengthening of the yen and a decline in the USD/JPY pair to 141.64.
🇯🇵 Japan's gross domestic product contracted by 0.7% in Q3, with an annual drop of 2.9%.
🇪🇺 The eurozone's gross domestic product saw a 0.1% decrease in Q3, while the annual economic performance remained stagnant. #EconomicIndicators #USDJPY #GDP #LaborMarket #FreshForex
📊 Last week, initial unemployment benefit applications in the US totaled 220 thousand, a slight increase from 219 thousand two weeks earlier.
📣 The Bank of Japan's head, Ueda, stated that the regulator is exploring options to normalize monetary policy and move away from negative interest rates. This led to a notable strengthening of the yen and a decline in the USD/JPY pair to 141.64.
🇯🇵 Japan's gross domestic product contracted by 0.7% in Q3, with an annual drop of 2.9%.
🇪🇺 The eurozone's gross domestic product saw a 0.1% decrease in Q3, while the annual economic performance remained stagnant. #EconomicIndicators #USDJPY #GDP #LaborMarket #FreshForex
🏛 Market Overview: Indices Show Rebound - Testing Levels...
🔙 Previous Trading Day: The indices demonstrated decent rebound attempts following a pullback on Wednesday's trading session, especially NQ showing relatively stronger dynamics. SPX made attempts at a local rebound, continuing to move near the crucial resistance at 4600. NQ showed solid rebound attempts, testing the boundary of the inclined channel and resistance at 16040.
🔆 Today: It is crucial for the indices to maintain positions above local support levels at 15700 for NQ and 4500 for SPX to prevent a rollback from current levels and ensure the possibility of continued growth if the nearest levels at 16040 for NQ and 4600 for SPX are breached.
🔎 Current Market Focus:
(1) The focus is currently shifting to Friday's US employment report.
(2) To gather information on the upcoming Fed meeting next week.
📊 Sectors:
Among cyclical sectors, XRT, XLY, and XLB led the rebound, while XLI, ITA, and XLE were weaker than others. Most growth sectors outperformed the market, with SOXX, XLC, IPO, and XLK showing the highest growth. Among defensive sectors, XLU and XLV experienced a slight pullback from local resistances, while XLP attempted to rebound from the trend.
💼 Stock News:
(=) CVX - Chevron faces new risks in Venezuela as Maduro threatens Guyana.
(+) BA - Boeing is close to securing an order for approximately 80 wide-body 787 Dreamliner aircraft from Thai Airways.
(+) AMZN - Amazon is testing a new unlimited grocery delivery service for Prime members.
(+) AVGO - Broadcom falls despite strong 2024 forecasts and Q4 results.
(+) SQ - Block launches a Bitcoin wallet that allows users to independently store their tokens on hardware.
(=) XOM - Exxon plans to respond to the Federal Trade Commission's second request for the $59 billion Pioneer deal as soon as possible.
(=) NKE - Nike's long-standing partnership with Tiger Woods may come to an end.
(+) LLY - Eli Lilly announces that its breast cancer drug Verzenio has received an expansion of labeling from the Canadian Ministry of Health.
(+) AMD - AMD's latest AI accelerator, Instinct MI300X, received mostly positive reactions on Wall Street.
(=) TTWO - According to BofA, Grand Theft Auto 6 from Rockstar may be delayed.
🌐 Intermarket Analysis:
Oil attempts a local rebound from support at 68.8 and the lower boundary of the descending channel. Yield is consolidating near the boundaries of the inclined channel and the 4.17% level. VIX continues to move in consolidation near the 13 level. Gold continues to move along the 50-MA and the boundaries of the local uptrend.
🗣 Market Discussions:
Here's what the market will be looking for in the Friday key job report.
Economists expect non-farm payrolls to increase by 190,000 last month compared to 150,000 in October. However, investors and policymakers expected the situation to slow down enough to at least allow the Fed to end this rate hike cycle. A report of stronger job market could undermine this confidence and darken the positive mood on Wall Street. There's also some risk of growth due to returning workers in the automotive industry who have announced a strike. Thus, it appears to be a resilient but slowing labor market. #MarketAnalysis #Indices #StockNews #EconomicIndicators
🔙 Previous Trading Day: The indices demonstrated decent rebound attempts following a pullback on Wednesday's trading session, especially NQ showing relatively stronger dynamics. SPX made attempts at a local rebound, continuing to move near the crucial resistance at 4600. NQ showed solid rebound attempts, testing the boundary of the inclined channel and resistance at 16040.
🔆 Today: It is crucial for the indices to maintain positions above local support levels at 15700 for NQ and 4500 for SPX to prevent a rollback from current levels and ensure the possibility of continued growth if the nearest levels at 16040 for NQ and 4600 for SPX are breached.
🔎 Current Market Focus:
(1) The focus is currently shifting to Friday's US employment report.
(2) To gather information on the upcoming Fed meeting next week.
📊 Sectors:
Among cyclical sectors, XRT, XLY, and XLB led the rebound, while XLI, ITA, and XLE were weaker than others. Most growth sectors outperformed the market, with SOXX, XLC, IPO, and XLK showing the highest growth. Among defensive sectors, XLU and XLV experienced a slight pullback from local resistances, while XLP attempted to rebound from the trend.
💼 Stock News:
(=) CVX - Chevron faces new risks in Venezuela as Maduro threatens Guyana.
(+) BA - Boeing is close to securing an order for approximately 80 wide-body 787 Dreamliner aircraft from Thai Airways.
(+) AMZN - Amazon is testing a new unlimited grocery delivery service for Prime members.
(+) AVGO - Broadcom falls despite strong 2024 forecasts and Q4 results.
(+) SQ - Block launches a Bitcoin wallet that allows users to independently store their tokens on hardware.
(=) XOM - Exxon plans to respond to the Federal Trade Commission's second request for the $59 billion Pioneer deal as soon as possible.
(=) NKE - Nike's long-standing partnership with Tiger Woods may come to an end.
(+) LLY - Eli Lilly announces that its breast cancer drug Verzenio has received an expansion of labeling from the Canadian Ministry of Health.
(+) AMD - AMD's latest AI accelerator, Instinct MI300X, received mostly positive reactions on Wall Street.
(=) TTWO - According to BofA, Grand Theft Auto 6 from Rockstar may be delayed.
🌐 Intermarket Analysis:
Oil attempts a local rebound from support at 68.8 and the lower boundary of the descending channel. Yield is consolidating near the boundaries of the inclined channel and the 4.17% level. VIX continues to move in consolidation near the 13 level. Gold continues to move along the 50-MA and the boundaries of the local uptrend.
🗣 Market Discussions:
Here's what the market will be looking for in the Friday key job report.
Economists expect non-farm payrolls to increase by 190,000 last month compared to 150,000 in October. However, investors and policymakers expected the situation to slow down enough to at least allow the Fed to end this rate hike cycle. A report of stronger job market could undermine this confidence and darken the positive mood on Wall Street. There's also some risk of growth due to returning workers in the automotive industry who have announced a strike. Thus, it appears to be a resilient but slowing labor market. #MarketAnalysis #Indices #StockNews #EconomicIndicators
Center stage: The Ministry of Labor Report.
The pivotal event of the day will be the release of the report on new non-farm jobs for November. The consensus anticipates a figure of 175,000, following 150,000 in October, with an annual average of 238,000. Special attention is given to the expected increase of around 50,000 jobs, attributed to the resolution of strikes in the automotive industry and Hollywood. Meanwhile, the demand for labor is diminishing due to the economic slowdown under the influence of the Federal Reserve's stringent monetary conditions.
Labor market data is disclosed ahead of the FOMC meeting scheduled for December 12–13, where the Federal Reserve is likely to maintain the interest rate in the current range of 5.25–5.5%.
We anticipate that the upcoming session will be characterized by increased volatility with a positive risk balance. Sharp fluctuations in quotes are expected at the beginning of trading following the release of the labor market report.
#MinistryofLaborReport #LaborMarket #FOMC #FederalReserve #Volatility #EconomicForecast
The pivotal event of the day will be the release of the report on new non-farm jobs for November. The consensus anticipates a figure of 175,000, following 150,000 in October, with an annual average of 238,000. Special attention is given to the expected increase of around 50,000 jobs, attributed to the resolution of strikes in the automotive industry and Hollywood. Meanwhile, the demand for labor is diminishing due to the economic slowdown under the influence of the Federal Reserve's stringent monetary conditions.
Labor market data is disclosed ahead of the FOMC meeting scheduled for December 12–13, where the Federal Reserve is likely to maintain the interest rate in the current range of 5.25–5.5%.
We anticipate that the upcoming session will be characterized by increased volatility with a positive risk balance. Sharp fluctuations in quotes are expected at the beginning of trading following the release of the labor market report.
#MinistryofLaborReport #LaborMarket #FOMC #FederalReserve #Volatility #EconomicForecast
🇺🇸 ExxonMobil (XOM) shares are currently experiencing a notable decline and are trading near the $98 mark.
1️⃣ The negative trend is unfolding amid the oil market downturn, attributed to the absence of production cuts by OPEC+ members. Additionally, new indications of a slowdown in the growth of major global economies are raising concerns about a potential decrease in energy demand.
2️⃣ Furthermore, escalating tensions between Venezuela and Guyana over disputed territories rich in "black gold" are exerting downward pressure on XOM quotes. Analysts are not ruling out the possibility of a military conflict, which could delay ExxonMobil's largest foreign project for resource extraction on the Guyana sea shelf, resulting in substantial investment losses amounting to several billion dollars.
📉 Analysts are recommending maintaining short positions on XOM shares with a target of $90.
#XOM #ExxonMobil #StockMarket #OilPrices #GlobalEconomy #InvestmentAnalysis
1️⃣ The negative trend is unfolding amid the oil market downturn, attributed to the absence of production cuts by OPEC+ members. Additionally, new indications of a slowdown in the growth of major global economies are raising concerns about a potential decrease in energy demand.
2️⃣ Furthermore, escalating tensions between Venezuela and Guyana over disputed territories rich in "black gold" are exerting downward pressure on XOM quotes. Analysts are not ruling out the possibility of a military conflict, which could delay ExxonMobil's largest foreign project for resource extraction on the Guyana sea shelf, resulting in substantial investment losses amounting to several billion dollars.
📉 Analysts are recommending maintaining short positions on XOM shares with a target of $90.
#XOM #ExxonMobil #StockMarket #OilPrices #GlobalEconomy #InvestmentAnalysis
This week marks the final Federal Reserve meeting of the year in the U.S., along with the awaited release of Consumer Price Index (CPI) and Producer Price Index (PPI) figures. Additionally, on Thursday, Intel will host an event to launch its AI products.
#FinancialNews #FedReserve #Inflation #AI #Intel
📄 Quarterly Reports:
Total companies: 39.
Reporting companies in the S&P index: 7.
Major names:
✅ Oracle (ORCL): Dec 11, after-market.
✅ Adobe (ADBE): Dec 13, after-market.
✅ Costco Wholesale (COST): Dec 14, after-market.
✅ Lennar (LEN): Dec 14, after-market.
✅ Johnson Controls (JCI): Dec 12, before-market.
✅ Darden Restaurants (DRI): Dec 15, before-market.
✅ Jabil (JBL): Dec 14, before-market.
🇺🇸 On December 12, the U.S. is set to release the Consumer Price Index (CPI) for November. A slowdown in year-on-year inflation is anticipated, decreasing to 3.1% from 3.2% in October.
On December 13, Producer Price Index (PPI) data for November will be released. A year-on-year deceleration in price growth to 1% is forecasted after a 1.3% increase the previous month. The core index (excluding food and energy prices) may decrease to 2.2% from 2.4% in October.
On December 13, the U.S. Federal Reserve will announce its decision on the benchmark interest rate. The market is 98% confident that the regulator will maintain the range of 5.25%-5.5% annually.
December 14 will bring retail sales statistics for November in the U.S., potentially influencing the holiday season shopping trends.
Also on December 14, Intel (NASDAQ: INTC) will host the AI Everywhere event, showcasing its developments in artificial intelligence. Intel will be the latest among major chip manufacturers to present such innovations. A similar event last week boosted Advanced Micro Devices' stock by 7% in a day.
By the way, a day earlier, Adobe will release a report that will also help gauge demand for its new AI solutions.
Finally, on December 15, industrial production data for November in America will be examined. Following a decline of 0.6% in October, a growth of 0.3% is expected.
🇬🇧 On December 14, the Bank of England will announce its decision on the key interest rate. No changes are anticipated, and the rate is expected to remain at 5.25%.
#FinancialNews #FedReserve #Inflation #AI #Intel
📄 Quarterly Reports:
Total companies: 39.
Reporting companies in the S&P index: 7.
Major names:
✅ Oracle (ORCL): Dec 11, after-market.
✅ Adobe (ADBE): Dec 13, after-market.
✅ Costco Wholesale (COST): Dec 14, after-market.
✅ Lennar (LEN): Dec 14, after-market.
✅ Johnson Controls (JCI): Dec 12, before-market.
✅ Darden Restaurants (DRI): Dec 15, before-market.
✅ Jabil (JBL): Dec 14, before-market.
🇺🇸 On December 12, the U.S. is set to release the Consumer Price Index (CPI) for November. A slowdown in year-on-year inflation is anticipated, decreasing to 3.1% from 3.2% in October.
On December 13, Producer Price Index (PPI) data for November will be released. A year-on-year deceleration in price growth to 1% is forecasted after a 1.3% increase the previous month. The core index (excluding food and energy prices) may decrease to 2.2% from 2.4% in October.
On December 13, the U.S. Federal Reserve will announce its decision on the benchmark interest rate. The market is 98% confident that the regulator will maintain the range of 5.25%-5.5% annually.
December 14 will bring retail sales statistics for November in the U.S., potentially influencing the holiday season shopping trends.
Also on December 14, Intel (NASDAQ: INTC) will host the AI Everywhere event, showcasing its developments in artificial intelligence. Intel will be the latest among major chip manufacturers to present such innovations. A similar event last week boosted Advanced Micro Devices' stock by 7% in a day.
By the way, a day earlier, Adobe will release a report that will also help gauge demand for its new AI solutions.
Finally, on December 15, industrial production data for November in America will be examined. Following a decline of 0.6% in October, a growth of 0.3% is expected.
🇬🇧 On December 14, the Bank of England will announce its decision on the key interest rate. No changes are anticipated, and the rate is expected to remain at 5.25%.
📊Stocks
S&P 500 futures were little changed as of 6:14 a.m. London time
Nikkei 225 futures (OSE) rose 1.7%
S&P/ASX 200 futures were little changed
Japan’s Topix rose 1.5%
Hong Kong’s Hang Seng fell 1.2%
The Shanghai Composite rose 0.4%
Euro Stoxx 50 futures were little changed
💱Currencies
The euro was little changed at $1.0769
The Japanese yen fell 0.5% to 145.63 per dollar
The offshore yuan fell 0.1% to 7.1957 per dollar
⬜️ Cryptocurrencies
Bitcoin fell 4.2% to $41,945.31
Ether fell 4.8% to $2,247.13
🌍Bonds
The yield on 10-year Treasuries advanced two basis points to 4.25%
Japan’s 10-year yield was unchanged at 0.775%
Australia’s 10-year yield advanced four basis points to 4.34%
🛒Commodities
West Texas Intermediate crude rose 0.7% to $71.75 a barrel
Spot gold fell 0.3% to $1,997.98 an ounce
S&P 500 futures were little changed as of 6:14 a.m. London time
Nikkei 225 futures (OSE) rose 1.7%
S&P/ASX 200 futures were little changed
Japan’s Topix rose 1.5%
Hong Kong’s Hang Seng fell 1.2%
The Shanghai Composite rose 0.4%
Euro Stoxx 50 futures were little changed
💱Currencies
The euro was little changed at $1.0769
The Japanese yen fell 0.5% to 145.63 per dollar
The offshore yuan fell 0.1% to 7.1957 per dollar
⬜️ Cryptocurrencies
Bitcoin fell 4.2% to $41,945.31
Ether fell 4.8% to $2,247.13
🌍Bonds
The yield on 10-year Treasuries advanced two basis points to 4.25%
Japan’s 10-year yield was unchanged at 0.775%
Australia’s 10-year yield advanced four basis points to 4.34%
🛒Commodities
West Texas Intermediate crude rose 0.7% to $71.75 a barrel
Spot gold fell 0.3% to $1,997.98 an ounce