S&P 500 Price Analysis – July 14 S&P 500 consolidate the prior session losses around 3170 levels, up 0.33% on a day, during the initial hour of the EUROPEAN open on Tuesday after plunging from a one-month high level at 3235.8 level. The US equity derivative surged to the highest since June 10 in the […]
Gold (XAU/USD) remained in a depressed mood through the early Asian session and into the early European session as it fought to retain dominance above the $1,800 mark. The yellow metal fell from yesterday’s high of $1,813 following a goodish bounce in the US dollar. The US equities market took on a risk-off mood after […]
Key Resistance Levels: 111.00, 112.00, 113.00Key Support Levels: 104.00, 103.00, 102.00 USD/JPY Price Long-term Trend: RangingThe pair is currently in a sideways trend between levels106 and 108.00. The Yen is rising after reaching the low of 106.636. The upward move is likely to reach level 108. Since June 10, level 108 has not been broken. […]
Project Ubin, which is a blockchain-driven product of the Singapore Monetary Authority (MAS), is now ready for commercial launch. MAS, the central bank of Singapore, announced today that Project Ubin is ready for commercial use. According to the MAS website, the scheme “is a joint project with the industry to study the use of blockchain […]
EURUSD Price Analysis – July 13 EURUSD lengthens the recovery from the lows near 1.1257 level of Friday and accumulates ground on Monday around 1.1335/55 band. Fears about the second wave of coronavirus diseases have taken its toll on the global context of risk and driven some haven flows toward the USD. Key LevelsResistance Levels: […]
Key Resistance Zones: 13600, 14000, 14400Key Support Zones: 11200, 10800, 10400 Germany 30 (DE30EUR) Long-term Trend: BullishThe index is in an uptrend. It has reached the resistance zone of level 13000. On June 8, the index reached the resistance zone and was repelled. It dropped to level 11757 and resumed a fresh upward move. The […]
XAGUSD Price Analysis – July 13 After the beginning of July, Silver has been appreciating against the US Dollar within a growing trend that is now beyond the level of $19.00 in view. XAGUSD retains a healthy upside impact while it has recently marginally pulled back to $18.50 level. Key LevelsResistance Levels: $20.50, $19.65, $19.17Support […]
Key Resistance Levels: 1.0800, 1.0900, 1.1000Key Support Levels: 1.0600, 1.0500, 1.0400 EUR/CHF Price Long-term Trend: BullishThe pair is currently falling but the selling pressure has been exhausted. A green correction candle body tested the 0.786 retracement level. It indicates that the pair is going to fall and reach the low of level 1.272 extension level. […]
Gold (XAU/USD) opened the week on a steady footing above the $1,800 mark and was last seen trading near the $1,810 resistance. The yellow metal received some fresh buy bids on the first day of the week after a mild 2-day losing streak from its multi-year tops. The bullish support came from a combination of […]
