#WaveAnalysis #Race
▫️Ferrari rising inside sharp impulse wave 3;
▫️ Likely to test resistance level 500.00.
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▫️Ferrari rising inside sharp impulse wave 3;
▫️ Likely to test resistance level 500.00.
📣Trade responsibly with fxpro.com
FxPro News
Forex - Ferrari Wave Analysis 2 September 2024 | Technical analysis
- Ferrari rising inside sharp impulse wave 3 - Likely to test resistance level 500.00 Ferrari continues to rise inside the sharp ...
#Crypto
▫️ Crypto market is up 2.3% in 24 hours to $2.07 trillion, recovering to Friday's levels;
▫️ #Bitcoin just below $59K, pausing Monday's gains, remains below 50 and 200-day MAs and at the bottom of range;
▫️ #Tron's correction took the price to 0.1525 from a peak of 0.1680. A legitimate fix after the rally would make one cautious in case of a failure below $0.1430-0.1480.
▫️ Crypto market is up 2.3% in 24 hours to $2.07 trillion, recovering to Friday's levels;
▫️ #Bitcoin just below $59K, pausing Monday's gains, remains below 50 and 200-day MAs and at the bottom of range;
▫️ #Tron's correction took the price to 0.1525 from a peak of 0.1680. A legitimate fix after the rally would make one cautious in case of a failure below $0.1430-0.1480.
FxPro News
Forex - Wary Crypto Market | Crypto Review
Market Picture The crypto market rose 2.3% in 24 hours to reach a cap of $2.07 trillion, growing steadily throughout Monday. However, cautious Asi...
#MarketReview
▫️ The dollar index has recovered a quarter of its losses since peaking at the end of July;
▫️ The rally is behind falling odds of a 50bp Fed rate cut in September, but uncertainty may persist until 11 September;
▫️ Further upside targets for DXY are 102.45 and 106.0.
▫️ The dollar index has recovered a quarter of its losses since peaking at the end of July;
▫️ The rally is behind falling odds of a 50bp Fed rate cut in September, but uncertainty may persist until 11 September;
▫️ Further upside targets for DXY are 102.45 and 106.0.
FxPro News
Forex - Dollar: rebound or more? | Market Overview
The US dollar's recovery continues, and other markets are starting to notice. The dollar index is up 1.4% to 101.7, having found support twice in the...
#EconomicReview
▫️ Swiss consumer inflation slowed to 1.1% y/y, weaker than expected;
▫️ This paves the way for the third NBS rate cut this year;
▫️ #USDCHF is back below 0.8500, where it was only stable in 2011, forcing the central bank to push the franc out of that territory.
▫️ Swiss consumer inflation slowed to 1.1% y/y, weaker than expected;
▫️ This paves the way for the third NBS rate cut this year;
▫️ #USDCHF is back below 0.8500, where it was only stable in 2011, forcing the central bank to push the franc out of that territory.
FxPro News
Forex - Weak Swiss inflation paves the way for further rate cuts | Market Overview
Swiss inflation slowed to 1.1% y/y in August from 1.3% the previous month, below the 1.2% expected. In April and May, the rate of price increases ros...
#WaveAnalysis
▫️#USDCAD reversed from key support level 1.3450;
▫️ Likely to rise to resistance level 1.3600.
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▫️#USDCAD reversed from key support level 1.3450;
▫️ Likely to rise to resistance level 1.3600.
📣Trade responsibly with fxpro.com
FxPro News
Forex - USDCAD Wave Analysis 3 September 2024 | Technical analysis
- USDCAD reversed from key support level 1.3450 - Likely to rise to resistance level 1.3600 USDCAD currency pair recently reversed up ...
#Crypto
▫️ Crypto market plunged below $2 trillion, losing 4.8% on the day;
▫️ #Bitcoin fell to $55.5K on Wednesday morning, likely targeting $54K;
▫️ #Ethereum fell to $2380, risking a retest of $2100.
▫️ Crypto market plunged below $2 trillion, losing 4.8% on the day;
▫️ #Bitcoin fell to $55.5K on Wednesday morning, likely targeting $54K;
▫️ #Ethereum fell to $2380, risking a retest of $2100.
FxPro News
Forex - The crypto cap sinks below $2 trillion | Crypto Review
Market picture Pressure on the crypto market returned on Tuesday and intensified on Wednesday morning, with capitalisation falling 4.8% to $1.98 t...
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#MarketReview
▫️ Stock market volatility has risen again, with the S&P500 down 2% and the Nasdaq100 down over 3%;
▫️ The #SP500 is consolidating near the 50-day MA, a break below which opens the way to 5150 (-7%);
▫️ The #Nasdaq100 is already below its 50-day MA and technically open to 18200 (-4%).
▫️ Stock market volatility has risen again, with the S&P500 down 2% and the Nasdaq100 down over 3%;
▫️ The #SP500 is consolidating near the 50-day MA, a break below which opens the way to 5150 (-7%);
▫️ The #Nasdaq100 is already below its 50-day MA and technically open to 18200 (-4%).
FxPro News
Forex - US equities dip again: when to buy? | Market Overview
US equity markets have been hit by a sell-off, with the Nasdaq100 down more than 3% and the S&P500 down more than 2%, the biggest drop in almost ...
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#EconomicReview
▫️ Eurozone PPI have risen sharply in the past two months;
▫️ Business activity indices, however, point to weakness in manufacturing and growth only in services;
▫️ ECB unlikely to reconsider rate cuts as price rises have more to do with tariff wars than an overheating economy.
▫️ Eurozone PPI have risen sharply in the past two months;
▫️ Business activity indices, however, point to weakness in manufacturing and growth only in services;
▫️ ECB unlikely to reconsider rate cuts as price rises have more to do with tariff wars than an overheating economy.
FxPro News
Forex - A jump in eurozone PPI won’t stop ECB easing | Market Overview
Perhaps disinflationary trends in the eurozone are giving way to pro-inflationary ones. The eurozone's producer price index rose 0.8% in July after r...
#WaveAnalysis
▫️#GBPJPY reversed from resistance level 192.40;
▫️ Likely to fall to support level 188.00.
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▫️#GBPJPY reversed from resistance level 192.40;
▫️ Likely to fall to support level 188.00.
📣Trade responsibly with fxpro.com
FxPro News
Forex - GBPJPY Wave Analysis 4 September 2024 | Technical analysis
- GBPJPY reversed from resistance level 192.40 - Likely to fall to support level 188.00 GBPJPY currency pair recently reversed down from th...
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#WaveAnalysis
▫️#WTI crude oil broke key support level 71.40;
▫️ Likely to fall to support level 68.00.
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▫️#WTI crude oil broke key support level 71.40;
▫️ Likely to fall to support level 68.00.
📣Trade responsibly with fxpro.com
FxPro News
Forex - WTI crude oil Wave Analysis 4 September 2024 | Technical analysis
- WTI crude oil broke key support level 71.40 - Likely to fall to support level 68.00 WTI crude oil recently broke sharply below the key su...
#Crypto
▫️ Crypto market continues to tread water around $2 trillion despite a calm in stocks;
▫️ #Bitcoin loses 9th out of last 11 days, faces increased pressure in Asian session;
▫️ Kaiko points to BTC oversupply due to MtGox payouts and government sell-off.
▫️ Crypto market continues to tread water around $2 trillion despite a calm in stocks;
▫️ #Bitcoin loses 9th out of last 11 days, faces increased pressure in Asian session;
▫️ Kaiko points to BTC oversupply due to MtGox payouts and government sell-off.
FxPro News
Forex - Bitcoin Continues Downtrend | Crypto Review
Market Picture The Asian session continues to be tough for cryptocurrencies. The total market capitalisation had risen to $2.05 trillion the previ...
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#EconomicReview
▫️ US job openings fell to a 3-year low, but that's above 2019's peak;
▫️ ADP noted employment growth of 99K jobs, slowing after returning to the 15-year trend;
▫️ Weekly jobless claims have been falling steadily since July.
▫️ The labour market is not weak enough for an emergency rate cut
▫️ US job openings fell to a 3-year low, but that's above 2019's peak;
▫️ ADP noted employment growth of 99K jobs, slowing after returning to the 15-year trend;
▫️ Weekly jobless claims have been falling steadily since July.
▫️ The labour market is not weak enough for an emergency rate cut
FxPro News
Forex - US Labour Market: Normalisation, Not Recession | Market Overview
Fresh signs of a cooling labour market are boosting confidence in the Fed's policy turnaround but have so far had a mixed effect on the dynamics of m...
#WaveAnalysis
▫️#Gold reversed from support level $2475;
▫️ Likely to rise to resistance level $2535.
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▫️#Gold reversed from support level $2475;
▫️ Likely to rise to resistance level $2535.
📣Trade responsibly with fxpro.com
FxPro News
Forex - Gold Wave Analysis 5 September 2024 | Technical analysis
- Gold reversed from support level 2475.00 - Likely to rise to resistance level 2535.00 Gold recently reversed up from the support level 24...
#WaveAnalysis
▫️#AUDUSD reversed from support level 0.6700;
▫️ Likely to rise to resistance level 0.6800.
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▫️#AUDUSD reversed from support level 0.6700;
▫️ Likely to rise to resistance level 0.6800.
📣Trade responsibly with fxpro.com
FxPro News
Forex - AUDUSD Wave Analysis 5 September 2024 | Technical analysis
- AUDUSD reversed from support level 0.6700 - Likely to rise to resistance level 0.6800 AUDUSD currency pair recently reversed up from the ...
#Crypto
▫️ The crypto market is once again cheaper than $2 trillion, failing to push back from that mark;
▫️ #Bitcoin slipped below $56K despite several bounces, a weaker dollar and a stronger dollar;
▫️ Mining profitability hit a record low, leading to a 15% fall in public miners' capitalisation.
▫️ The crypto market is once again cheaper than $2 trillion, failing to push back from that mark;
▫️ #Bitcoin slipped below $56K despite several bounces, a weaker dollar and a stronger dollar;
▫️ Mining profitability hit a record low, leading to a 15% fall in public miners' capitalisation.
FxPro News
Forex - Bitcoin pressured by risk-off mood | Crypto Review
Market Picture The pressure on risk assets continues, pushing the crypto market capitalisation back below the bi milestone of $2 trillion. This le...
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#Market Review
▫️ In the FX market, safe havens have returned to early August extremes;
▫️ #USDJPY is back near 142, forming a death cross;
▫️ #USDCHF was in uncomfortable territory for the NBS, forcing further rate cuts;
▫️ #USDCNH has moved into the safe haven category.
▫️ In the FX market, safe havens have returned to early August extremes;
▫️ #USDJPY is back near 142, forming a death cross;
▫️ #USDCHF was in uncomfortable territory for the NBS, forcing further rate cuts;
▫️ #USDCNH has moved into the safe haven category.
FxPro News
Forex - Further Unwinding of Carry Trade | Market Overview
The unwinding of the carry trade in the FX market continues, with the major safe havens returning to the extremes seen against the dollar in early Au...
#WaveAnalysis
▫️#EURCAD reversed from pivotal support level 1.4900;
▫️ Likely to rise to resistance level 1.5100.
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▫️#EURCAD reversed from pivotal support level 1.4900;
▫️ Likely to rise to resistance level 1.5100.
📣Trade responsibly with fxpro.com
FxPro News
Forex - EURCAD Wave Analysis 6 September 2024 | Technical analysis
- EURCAD reversed from pivotal support level 1.4900 - Likely to rise to resistance level 1.5100 EURCAD currency pair recently reversed from...
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#WaveAnalysis
▫️#EURUSD reversed from support level 1.1030;
▫️ Likely to rise to resistance level 1.1200.
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▫️#EURUSD reversed from support level 1.1030;
▫️ Likely to rise to resistance level 1.1200.
📣Trade responsibly with fxpro.com
FxPro News
Forex - EURUSD Wave Analysis 6 September 2024 | Technical analysis
- EURUSD reversed from support level 1.1030 - Likely to rise to resistance level 1.1200 EURUSD recently reversed up from the support level ...
#Crypto
▫️ The crypto market is attempting to stabilise near the $1.94 trillion level after Friday's collapse;
▫️ #Bitcoin near $55K retreated slightly from local extremes over the weekend, pulling back from the lower boundary of the descending channel;
▫️ #Ethereum above $2300, bouncing off the August lows and offering hope that the sell-off's momentum is waning.
▫️ The crypto market is attempting to stabilise near the $1.94 trillion level after Friday's collapse;
▫️ #Bitcoin near $55K retreated slightly from local extremes over the weekend, pulling back from the lower boundary of the descending channel;
▫️ #Ethereum above $2300, bouncing off the August lows and offering hope that the sell-off's momentum is waning.
FxPro News
Forex - Crypto: Hope for a bottom | Crypto Review
Market Picture The crypto market is trying to stabilise around the $1.94 trillion mark for the third day (+0.8% in 24 hours and -4% in 7 days) aft...
#MarketReview
▫️ The dollar reversed to the upside on Friday after US employment data reinforced expectations of a 25 rather than 50-point rate cut;
▫️ DXY adds from an area of important support in recent months near the 100 level;
▫️ The same area has been crucial, acting as resistance from 2015 to 2020 and support from 2022.
▫️ The dollar reversed to the upside on Friday after US employment data reinforced expectations of a 25 rather than 50-point rate cut;
▫️ DXY adds from an area of important support in recent months near the 100 level;
▫️ The same area has been crucial, acting as resistance from 2015 to 2020 and support from 2022.
FxPro News
Forex - Dollar struggles for a key turning point | Market Overview
After an initial decline, the USD began to rally on the back of US employment data that dampened expectations of a 50-basis point rate cut by the Fed...
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#WaveAnalysis
▫️#USDCHF reversed from support level 0.8400;
▫️ Likely to rise to resistance level 0.8550.
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▫️#USDCHF reversed from support level 0.8400;
▫️ Likely to rise to resistance level 0.8550.
📣Trade responsibly with fxpro.com
FxPro News
Forex - USDCHF Wave Analysis 9 September 2024 | Technical analysis
- USDCHF reversed from support level 0.8400 - Likely to rise to resistance level 0.8550 USDCHF currency pair recently reversed up from the ...