#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 ...
#WaveAnalysis
▫️#GBPUSD reversed from strong resistance level 1.3230;
▫️ Likely to fall to support level 1.3000.
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▫️#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 ...
#WaveAnalysis
▫️#Brent Crude oil broke key support level 72.60;
▫️ Likely to fall to support level 68.00.
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▫️#Brent Crude oil broke key support level 72.60;
▫️ Likely to fall to support level 68.00.
📣Trade responsibly with fxpro.com
FxPro News
Forex - Brent Crude oil Wave Analysis 10 September 2024 | Technical analysis
- Brent Crude oil broke key support level 72.60 - Likely to fall to support level 68.00 Brent Crude oil recently broke the support zone loc...
#WaveAnalysis
▫️#Nasdaq100 reversed from support zone;
▫️ Likely to rise to resistance level 19135.
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▫️#Nasdaq100 reversed from support zone;
▫️ Likely to rise to resistance level 19135.
📣Trade responsibly with fxpro.com
FxPro News
Forex - Nasdaq Wave Analysis 10 September 2024 | Technical analysis
- Nasdaq reversed from support zone - Likely to rise to resistance level 19135.00 Nasdaq index recently reversed up from the support zone l...
#Crypto
▫️ Crypto market lost 0.5% to $1.99 trillion, failing to consolidate above $2 trillion as expected ahead of key inflation data;
▫️ #Bitcoin has bounced twice from $58K and is now trading at $56.5K;
▫️ The approval of the Bitcoin and Ether ETFs seems to have triggered a selling trend as long term whales lock in profits from the realisation of an important idea.
▫️ Crypto market lost 0.5% to $1.99 trillion, failing to consolidate above $2 trillion as expected ahead of key inflation data;
▫️ #Bitcoin has bounced twice from $58K and is now trading at $56.5K;
▫️ The approval of the Bitcoin and Ether ETFs seems to have triggered a selling trend as long term whales lock in profits from the realisation of an important idea.
FxPro News
Forex - Crypto: selling on growth continues | Crypto Review
Market picture The cryptocurrency market lost 0.5% in the last 24 hours, falling to $1.99 trillion. As expected, the market failed to consolidate ...
#EconomicReview
▫️ The UK economy was flat for the second month in a row (worse than expected +0.2%);
▫️ The main disappointment was a 0.8% m/m fall in industrial production (0.2% growth expected) and a widening of the external deficit to 20bn;
▫️ The weaker-than-expected data worked against the Pound, despite the tailwind of a weaker USD at the time of publication.
▫️ The UK economy was flat for the second month in a row (worse than expected +0.2%);
▫️ The main disappointment was a 0.8% m/m fall in industrial production (0.2% growth expected) and a widening of the external deficit to 20bn;
▫️ The weaker-than-expected data worked against the Pound, despite the tailwind of a weaker USD at the time of publication.
FxPro News
Forex - Pound pressured by manufacturing | Market Overview
Disappointing economic data from the UK prevented the Pound from rallying despite the Dollar's weakness. Statistics for July showed that the economy'...
#WaveAnalysis
▫️#Nasdaq100 reversed from support zone;
▫️ Likely to rise to resistance level 19135.
📣Trade responsibly with fxpro.com
▫️#Nasdaq100 reversed from support zone;
▫️ Likely to rise to resistance level 19135.
📣Trade responsibly with fxpro.com
FxPro News
Forex - USDJPY Wave Analysis 11 September 2024 | Technical analysis
- USDJPY reversed from the support zone - Likely to rise to the resistance level 144.00 USDJPY currency pair recently reversed up from the ...
#WaveAnalysis #AMZN
▫️Amazon broke resistance area;
▫️ Likely to rise to resistance level 190.00.
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▫️Amazon broke resistance area;
▫️ Likely to rise to resistance level 190.00.
📣Trade responsibly with fxpro.com
FxPro News
Forex - Amazon Wave Analysis 11 September 2024 | Technical analysis
- Amazon broke resistance area - Likely to rise to resistance level 190.00 Amazon recently broke the resistance area located between the re...
#Crypto
▫️ Crypto market crossed the $2 trillion mark, boosted by active buying in tech;
▫️ #Bitcoin briefly breached $58 on Thursday morning, potentially targeting the top of its trading range;
▫️ #Ethereum trades near $2350 but remains heavy.
▫️ Crypto market crossed the $2 trillion mark, boosted by active buying in tech;
▫️ #Bitcoin briefly breached $58 on Thursday morning, potentially targeting the top of its trading range;
▫️ #Ethereum trades near $2350 but remains heavy.
FxPro News
Forex - Crypto market surpasses milestone | Market Overview
Market picture US financial markets closed higher on Wednesday despite a rough start to the day. A strong performance from the technology sector h...
📈Nasdaq100 near 19,300 & +4% from yesterday's low. 👉Will the surge continue?
Anonymous Poll
73%
YES 📈
27%
NO 📉
#WaveAnalysis
▫️#AUDCAD reversed from support zone;
▫️ Likely to rise to the resistance level 0.9150.
📣Trade responsibly with fxpro.com
▫️#AUDCAD reversed from support zone;
▫️ Likely to rise to the resistance level 0.9150.
📣Trade responsibly with fxpro.com
FxPro News
Forex - AUDCAD Wave Analysis 12 September 2024 | Technical analysis
- AUDCAD reversed from support zone - Likely to rise to the resistance level 0.9150 AUDCAD recently reversed up from the support area betwe...
#WaveAnalysis
▫️#Silver reversed from support zone;
▫️ Likely to rise to the resistance level 30.00.
📣Trade responsibly with fxpro.com
▫️#Silver reversed from support zone;
▫️ Likely to rise to the resistance level 30.00.
📣Trade responsibly with fxpro.com
FxPro News
Forex - Silver Wave Analysis 12 September 2024 | Technical analysis
- Silver reversed from support zone - Likely to rise to the resistance level 30.00 Silver recently reversed up from the support zone set be...
#MarketReview
▫️ The Nasdaq100 made an impressive turnaround from bearish to bullish on Wednesday;
▫️ The technical picture has become promising for the bulls;
▫️ A local test for Nasdaq100 buyers looks to be the 50-day moving average.
▫️ The Nasdaq100 made an impressive turnaround from bearish to bullish on Wednesday;
▫️ The technical picture has become promising for the bulls;
▫️ A local test for Nasdaq100 buyers looks to be the 50-day moving average.
FxPro News
Forex - Promising upturn in US indices | Market Overview
US inflation in August was in line with expectations but caused some interesting market movements. The initial reaction was neutral, but then markets...
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