#WaveAnalysis
▫️#Brent crude oil reversed from support zone;
▫️Likely to rise to resistance levels 81.60 and 84.00.
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▫️#Brent crude oil reversed from support zone;
▫️Likely to rise to resistance levels 81.60 and 84.00.
Read more
FxPro News
Forex - Brent crude oil Analysis 12 August 2024 | Technical analysis
- Brent crude oil reversed from support zone - Likely to rise to resistance levels 81.60 and 84.00 Brent crude oil recently reversed up fro...
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#WaveAnalysis #UK100
▫️#FTSE 100 index reversed from support zone;
▫️Likely to rise to resistance level 8300.
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▫️#FTSE 100 index reversed from support zone;
▫️Likely to rise to resistance level 8300.
Read more
FxPro News
Forex - FTSE 100 index Analysis 12 August 2024 | Technical analysis
- FTSE 100 index reversed from support zone - Likely to rise to resistance level 8300.00 FTSE 100 index recently reversed up from the suppo...
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#Crypto
▫️ Crypto market cap rose 1.6% overnight, remaining at the lower half of the 30-day range;
▫️ #Bitcoin has pulled back from the intersection of its 50- and 200-day averages, selling off locally on attempts to break above $60K.
▫️ #Ethereum continues to struggle with the 61.8% level from downside momentum;
▫️ #Bitcoin miners' revenues slumped to a one-year low.
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▫️ Crypto market cap rose 1.6% overnight, remaining at the lower half of the 30-day range;
▫️ #Bitcoin has pulled back from the intersection of its 50- and 200-day averages, selling off locally on attempts to break above $60K.
▫️ #Ethereum continues to struggle with the 61.8% level from downside momentum;
▫️ #Bitcoin miners' revenues slumped to a one-year low.
Read more
FxPro News
Forex - Cryptocurrency rally loses momentum | Crypto Review
Market Picture Over the past 24 hours, the cryptocurrency market has rallied 1.6% to $2.08 trillion, but in the past few hours, there has been a s...
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#EconomicReview
▫️ The UK unemployment rate fell from 4.2% to 4.4%, but new data showed a 135K rise in claimant claims.
▫️ Earnings growth slows to 4.5% 3m/y, lowest since 2021
▫️ The pound reacted positively to the better-than-expected figures, but there are doubts about the sustainability of the trend for #GBPUSD.
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▫️ The UK unemployment rate fell from 4.2% to 4.4%, but new data showed a 135K rise in claimant claims.
▫️ Earnings growth slows to 4.5% 3m/y, lowest since 2021
▫️ The pound reacted positively to the better-than-expected figures, but there are doubts about the sustainability of the trend for #GBPUSD.
Read more
FxPro News
Forex - UK labour market deteriorates despite falling unemployment rate | Market Overview
The British Pound jumped 0.25% against the Dollar and 0.33% against the Euro due to the employment data. Although key parameters of the report exceed...
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#WaveAnalysis
▫️#AUDUSD reversed from support zone;
▫️Likely to rise to resistance level 0.6650.
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▫️#AUDUSD reversed from support zone;
▫️Likely to rise to resistance level 0.6650.
Read more
FxPro News
Forex - AUDUSD Analysis 13 August 2024 | Technical analysis
- AUDUSD reversed from support zone - Likely to rise to resistance level 0.6650 AUDUSD currency pair recently reversed up from the powerful...
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#WaveAnalysis #USNDAQ100
▫️Nasdaq-100 index reversed from support zone;
▫️ Likely to rise to resistance level 19500.
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▫️Nasdaq-100 index reversed from support zone;
▫️ Likely to rise to resistance level 19500.
Read more
FxPro News
Forex - Nasdaq-100 index Analysis 13 August 2024 | Technical analysis
- Nasdaq-100 index reversed from support zone - Likely to rise to resistance level 19500.00 Nasdaq-100 index continues to rise inside the m...
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▫️ #Crypto cap rose another 2.2% overnight to $2.14 trillion;
▫️ #Bitcoin hovers near $61K and makes no attempt to break 50-day MA.
▫️ #Ethereum is updating local highs and actively climbing out of the pit;
▫️ Mt. Gox has transferred 33.14k BTC to BitGo, keeping another 46.16k on its balance.
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▫️ #Bitcoin hovers near $61K and makes no attempt to break 50-day MA.
▫️ #Ethereum is updating local highs and actively climbing out of the pit;
▫️ Mt. Gox has transferred 33.14k BTC to BitGo, keeping another 46.16k on its balance.
Read more
FxPro News
Forex - Ethereum is gently gaining momentum | Crypto Review
Market Picture The cryptocurrency market added 2.2% in the last 24 hours to reach $2.14 trillion, a fresh attempt to climb into the upper half of ...
#MarketReview #USSPX500 #USNDAQ100 #US30
▫️ US indices rise above 'just a rebound' milestone;
▫️ Dip in the second half of July corrects October rally and clears the way for upside;
▫️ The sentiment index remains in 'extreme fear' territory, boosting the fresh buying;
▫️ Markets are confident of a rate cut, but normalisation of these expectations reduces market shock.
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▫️ US indices rise above 'just a rebound' milestone;
▫️ Dip in the second half of July corrects October rally and clears the way for upside;
▫️ The sentiment index remains in 'extreme fear' territory, boosting the fresh buying;
▫️ Markets are confident of a rate cut, but normalisation of these expectations reduces market shock.
Read more
FxPro News
Forex - US indices: more than a rebound | Market Overview
The rally in US indices passed an important milestone on Tuesday, greatly increasing the chances of ending the market correction that took place in t...
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#WaveAnalysis #AXP
▫️American Express rising inside minor impulse wave iii;
▫️ Likely to reach resistance level 250.
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▫️American Express rising inside minor impulse wave iii;
▫️ Likely to reach resistance level 250.
Read more
FxPro News
Forex - American Express Wave Analysis 14 August 2024 | Technical analysis
- American Express rising inside minor impulse wave iii - Likely to reach resistance level 250.00 American Express recently conti...
#Crypto
▫️ Crypto market pulled back from $2.15 trillion level, losing 2.9% in 24 hours;
▫️ #Bitcoin pulled back to $58K, losing 4.5% in 24 hours, remaining under 'death cross' pressure;
▫️ #Ethereum has lost 61.8% of its growth momentum from the downturn and is at risk of losing another $500;
▫️ Tether and Circle have issued nearly $2.8bn worth of 'stable coins' over 7 days.
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▫️ Crypto market pulled back from $2.15 trillion level, losing 2.9% in 24 hours;
▫️ #Bitcoin pulled back to $58K, losing 4.5% in 24 hours, remaining under 'death cross' pressure;
▫️ #Ethereum has lost 61.8% of its growth momentum from the downturn and is at risk of losing another $500;
▫️ Tether and Circle have issued nearly $2.8bn worth of 'stable coins' over 7 days.
Read more
FxPro News
Forex - A New Downturn in the Crypto Market | Crypto Review
Market Picture The cryptocurrency market retreated 2.9% over the past 24 hours to $2.08 trillion from levels near $2.15 trillion, which had been r...
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#MarketReview #CPI #PPI
▫️ US consumer inflation slowed to 2.9%, and producer prices slowed to 2.2% y/y;
▫️ This is below average forecasts but above the Fed's target and does not justify an aggressive rate cut;
▫️ Investors' and the Fed's attention has returned to the labour market, but the dynamics of final demand should not be overlooked.
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▫️ US consumer inflation slowed to 2.9%, and producer prices slowed to 2.2% y/y;
▫️ This is below average forecasts but above the Fed's target and does not justify an aggressive rate cut;
▫️ Investors' and the Fed's attention has returned to the labour market, but the dynamics of final demand should not be overlooked.
Read more
FxPro News
Forex - US inflation hardly justifies a 50 b.p. cut | Market Overview
The US inflation report was in line with expectations, showing a 0.1 percentage point slowdown in July to 2.9% y/y for the headline measure and 3.2% ...
#EconomicReview #DXY
▫️ US Retail Sales +1% m/m vs expected 0.4%;
▫️ Weekly jobless claims fall for the second week, erasing earlier gains;
▫️ Dollar rises on a reassessment of interest rate expectations, and stocks rise on reduced risk of economic recession.
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▫️ US Retail Sales +1% m/m vs expected 0.4%;
▫️ Weekly jobless claims fall for the second week, erasing earlier gains;
▫️ Dollar rises on a reassessment of interest rate expectations, and stocks rise on reduced risk of economic recession.
Read more
FxPro News
Forex - Dollar and risk appetite rise on upbeat data | Market Overview
Weak macro data in early August triggered a simultaneous sell-off in equities and the dollar on fears of an economic meltdown. Over the past ten days...
#WaveAnalysis
▫️S&P 500 index rising inside impulse wave 3;
▫️ Likely to test resistance level 5570.
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▫️S&P 500 index rising inside impulse wave 3;
▫️ Likely to test resistance level 5570.
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FxPro News
Forex - S&P 500 index Wave Analysis 15 August 2024 | Technical analysis
- S&P 500 index rising inside impulse wave 3 - Likely to test resistance level 5570.00 S&P 500 index recently continues to rise ins...
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#Crypto
▫️ The crypto market fell on Thursday, bucking the positive trend in equities;
▫️ #Bitcoin found support near $56K and bounced back above $58K;
▫️ US government wallet transferred 10K bitcoins to Coinbase;
▫️ Bitcoin's mining difficulty fell 4.19% week-on-week, while Ethereum supply rose 0.7% year-on-year.
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▫️ The crypto market fell on Thursday, bucking the positive trend in equities;
▫️ #Bitcoin found support near $56K and bounced back above $58K;
▫️ US government wallet transferred 10K bitcoins to Coinbase;
▫️ Bitcoin's mining difficulty fell 4.19% week-on-week, while Ethereum supply rose 0.7% year-on-year.
Read more
FxPro News
Forex - Government Bitcoin Sales Weigh on Prices | Crypto Review
Market Overview The positive sentiment in stock markets has yet to spill over into cryptocurrencies due to selling pressure. The Crypto Fear and G...
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#MarketReview
▫️ #Gold is making its third attempt in 30 days to consolidate above $2470;
▫️ $2500 looks like a key near-term upside target.
▫️ The distant bullish target is the $2800-2900 area.
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▫️ #Gold is making its third attempt in 30 days to consolidate above $2470;
▫️ $2500 looks like a key near-term upside target.
▫️ The distant bullish target is the $2800-2900 area.
Read more
FxPro News
Forex - Gold: Third Time Lucky? | Market Overview
Gold has been rising steadily since the end of last week and is attempting to consolidate above $2470 per troy ounce on the spot market for the third...
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#WaveAnalysis #BA
▫️Boeing reversed from support area;
▫️ Likely to rise to resistance level 196.00.
Read more
▫️Boeing reversed from support area;
▫️ Likely to rise to resistance level 196.00.
Read more
FxPro News
Forex - Boeing Wave Analysis 16 August 2024 | Technical analysis
- Boeing reversed from support area - Likely to rise to resistance level 196.00 Boeing recently reversed up from the strong support area lo...
#Crypto
▫️ Crypto cap is at $2.07, and $2.15 has become a strong resistance, undermining confidence in global risk demand;
▫️ Stablecoin cap is rising, updating all-time highs, with BTC the main beneficiary so far;
▫️ #Litecoin is retreating from the 50-day, which has acted as active resistance for the past 4 months;
▫️ Artificial intelligence-related crypto projects may fail due to a potential 'bubble collapse' in the sector.
Read more
▫️ Crypto cap is at $2.07, and $2.15 has become a strong resistance, undermining confidence in global risk demand;
▫️ Stablecoin cap is rising, updating all-time highs, with BTC the main beneficiary so far;
▫️ #Litecoin is retreating from the 50-day, which has acted as active resistance for the past 4 months;
▫️ Artificial intelligence-related crypto projects may fail due to a potential 'bubble collapse' in the sector.
Read more
FxPro News
Forex - The crypto market attracts money, but prices don’t rise | Crypto Review
Market Picture On Monday morning, the crypto market capitalisation stood at $2.07 trillion, up slightly from $2.05 trillion a week earlier. In the...
#MarketReview #WTI
▫️ Oil retreated, failing to return to the area above the 200- and 50-week averages;
▫️ The price decline is happening against a favourable background: prices for risky assets are growing, the dollar is falling;
▫️ Purchases for the strategic reserve continue, drilling activity remains low;
▫️ Movement within the trend suggests a decline to $70 by the end of the month.
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▫️ Oil retreated, failing to return to the area above the 200- and 50-week averages;
▫️ The price decline is happening against a favourable background: prices for risky assets are growing, the dollar is falling;
▫️ Purchases for the strategic reserve continue, drilling activity remains low;
▫️ Movement within the trend suggests a decline to $70 by the end of the month.
Read more
FxPro News
Forex - Oil: the lost positive link | Market Overview
The cost of a barrel of WTI has fallen four out of the last five sessions, underlining the bears' dominance. Selling is intensifying as the price ris...