#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.
📣Trade responsibly with fxpro.com
▫️#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.
📣Trade responsibly with fxpro.com
▫️#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.
📣Trade responsibly with fxpro.com
▫️#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 ...
#WaveAnalysis
▫️#GBPUSD reversed from strong resistance level 1.3230;
▫️ Likely to fall to support level 1.3000.
📣Trade responsibly with fxpro.com
▫️#GBPUSD reversed from strong resistance level 1.3230;
▫️ Likely to fall to support level 1.3000.
📣Trade responsibly with fxpro.com
FxPro News
Forex - GBPUSD Wave Analysis 9 September 2024 | Technical analysis
- GBPUSD reversed from strong resistance level 1.3230 - Likely to fall to support level 1.3000 GBPUSD currency pair recently reversed down ...
#Crypto
▫️ The crypto market has recovered to the 2 trillion level and the sentiment index to 33, but these are still important resistance and fear levels, respectively;
▫️ #Bitcoin gains 4% in 24 hours, but the trend of quick profit-taking on the upside remains;
▫️ #Solana bounces off the $120 pivot level again and no significant technical resistance is seen until $149-153.
▫️ The crypto market has recovered to the 2 trillion level and the sentiment index to 33, but these are still important resistance and fear levels, respectively;
▫️ #Bitcoin gains 4% in 24 hours, but the trend of quick profit-taking on the upside remains;
▫️ #Solana bounces off the $120 pivot level again and no significant technical resistance is seen until $149-153.
FxPro News
Forex - Cautious rebound in cryptos | Crypto Review
Market Picture The turnaround in sentiment on the US markets saw the crypto market capitalisation rise by 3.2% in 24 hours to reach $2 trillion. H...
#MarketReview
▫️ #Brent is testing key support at $70, below which it has not traded consistently since 2021;
▫️ Technically, a break below this level opens a direct path to $40;
▫️ On the other hand, OPEC+ is not sitting idly by, although their attempts to turn the market around are still in vain.
▫️ #Brent is testing key support at $70, below which it has not traded consistently since 2021;
▫️ Technically, a break below this level opens a direct path to $40;
▫️ On the other hand, OPEC+ is not sitting idly by, although their attempts to turn the market around are still in vain.
FxPro News
Forex - Brent Crude is fighting for $70 | Market Overview
Oil pressure shows no sign of easing, with the price of a barrel of Brent touching lows of $70.50 last Friday and on Monday. The oil price ...
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#EconomicReview
▫️ UK jobless claims rose to 23.7K, better than the 95.5K expected and the 102.3K a month earlier;
▫️ Wage growth slowed to 4% 3m/y from 4.6% 3m/y;
▫️ The Pound was temporarily supported as the data did not dramatically affect interest rate forecasts.
▫️ UK jobless claims rose to 23.7K, better than the 95.5K expected and the 102.3K a month earlier;
▫️ Wage growth slowed to 4% 3m/y from 4.6% 3m/y;
▫️ The Pound was temporarily supported as the data did not dramatically affect interest rate forecasts.
FxPro News
Forex - UK job market stronger than expected but weaker than the US | Market Overview
In the UK, jobless claims rose by 23.7K in August, much better than the 95.5K expected and the 102.3K rise in the previous month. This is relatively ...