With the anticipated Fed rate cut still in view, investors are exercising caution around the USD, keeping it on a losing streak. Meanwhile, the Japanese economy is showing improvement in Producer Prices, which have risen by 2.7%. This has supported the Japan 225 market, allowing it to edge higher. Key Levels Resistance: 51,000, 52,000, 53,000 […]
The Australia 200 market appears content with minimal gains. This seems to have stemmed from the fact that investors are closely anticipating the RBA’s interest rate announcement scheduled for the coming week. More details are provided below. Key Price Levels Resistance: 8,700, 8,825, 9,000 Support: 8,500, 8,400, 8,300 Australia 200 Market Sits Back on the […]
Over the week, the Platinum market has seen a spontaneous trend shift. At this point, it seems the market may still advance toward the next psychological resistance just up ahead. Let’s take a closer look at the market. Key Price Levels Resistance: $1,700, $1,750, $1,800 Support: $1,650, $1,600, $1,550 Platinum Bulls Snap Back at Headwinds […]
The Japan 225 market has seen an impressive comeback over the week. In fact, the futures now trade above crucial technical levels. This gives upside forces an edge in the market and may open doors for subsequent price increases in the coming sessions. Key Levels Resistance: 50,000, 52,000, 54,000 Support: 48,000, 46,000, 44,000 Japan 225 […]
The Australia 200 market has seen a good comeback after price action hit strong support at the 8,420 level. However, the market has not been moving much lately due to counterbalancing forces. Let’s examine how the market may proceed below. Key Price Levels Resistance: 8,700, 8,825, 9,000 Support: 8,600, 8,400, 8,200 Australia 200 Market Holds […]
Uncertainty surrounding the upcoming Fed rate cut has continued to affect the outlook of most stocks. One such market is the Japan 225. At this point, the index appears suppressed, and traders may become more cautious—something that does not favor bullish sentiment. Key Levels Resistance: 49,000, 51,000, 53,000 Support: 48,000, 46,000, 44,000 NIKKEI Dips Below […]
The Australia 200 market has been sliding slightly lower since it last tested resistance at the 9,100 price level. Additionally, speculation surrounding the upcoming Fed rate cut has kept the market slightly depressed. As such, although the market closed in the green, price activity still appears to be heading toward further declines. Key Price Levels […]
The Australia 200 market has continued to descend to lower price levels for most of the previous week. Coupled with fading hopes of a rate cut, it seems possible that further declines may be seen. On the technical front, price action appears set for steeper falls as we head into the new week. Key Price […]
The Japan 225 market saw a sudden regression last Thursday. However, with fading hopes of a Fed rate cut, the market attempted to rebound toward the close of the week. Nevertheless, price activity in this market continues to reflect strong bearish sentiment. Key Levels Resistance: 50,000, 52,000, 54,000 Support: 48,000, 46,000, 44,000 NIKKEI Stays Green […]
