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Technical Tuesday

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GBP/USD forecast: Technical Tuesday - July 16, 2024

Despite a stronger retail sales print, the tide may have turned on the US dollar following last week's recent data releases and raised expectations over the Fed cutting rates in September. Therefore, my GBP/USD forecast remains bullish, and I reckon the $1.30 handle could be taken out soon.

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AUD/USD forecast: Bullish break on the cards – Technical Tuesday

The AUD/USD forecast is turning somewhat positive, both from a macro perspective and technical viewpoint.

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EUR/USD analysis: Technical Tuesday - April 23, 2024

It has been a risk-on session so far, with equity indices rising sharply for the second consecutive day ahead of Tesla’s earnings tonight and other big tech companies reporting this week. Also on the rise today have been markets such as crude oil, the EUR/USD and even the GBP/USD. Sentiment was lifted by stronger PMI data from the services sector in Europe and UK, alleviating growth concerns even if the manufacturing sector PMI continued to remain depressed.

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Nasdaq 100, S&P 500 and DAX analysis: Technical Tuesday - April 16, 2024

The S&P 500 extends losses to third week amid raised geopolitical risks and rising bond yields. Concerns over the escalation of the situation in the Middle East is at the forefront of investors’ minds. The situation remains volatile with Israel seeking revenge for Iran’s retaliatory attacks on Saturday.

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Gold analysis: Charts point to extreme overbought levels – Technical Tuesday

Gold analysis: Technical levels and factors to watch on gold as the metal hits a fresh record high. But at these extremely overbought levels, do watch out for a possible correction. Gold's resistance against rising yields may be short-lived.

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USD/JPY outlook: Technical Tuesday - April 2, 2024

Welcome to another edition of Technical Tuesday, a weekly report where we highlight some of the most interesting markets that will hopefully appease technical analysts and traders alike. In this week’s report, we will get technical on the USD/JPY, which remains supported by rising bond yields and crude oil prices, as investors await NFP among key data highlights from the US this week.

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Gold and silver analysis: Technical Tuesday, March 26, 2024

Welcome to another edition of Technical Tuesday, a weekly report where we highlight some of the most interesting markets that will hopefully appease technical analysts and traders alike. In this week’s report, we will get technical on precious metals.

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EUR/USD, FTSE and ETH/USD analysis - Technical Tuesday, March 12, 2024

Welcome to another edition of Technical Tuesday, a weekly report where we highlight some of the most interesting markets that will hopefully appease technical analysts and traders alike. In this week’s report, we will analysis the EUR/USD, FTSE and Ether following recent bullish price action in all these markets.

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FTSE, China A50 analysis: Technical Tuesday - March 5, 2024

FTSE 100 attempts to join global rally, boosted by China's efforts to shore up its economy. China FTSE A50 analysis shows Chinese stocks are responding positively to needs China has set a 5% GDP target, which will needs policy support ‘from all fronts’

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Gold analysis: Short-term outlook remains murky despite bounce

Given that the odds of rate cuts have been trimmed by hotter inflation data last week, this is increasing the opportunity cost of holding gold over bonds. Therefore, the short-term gains could evaporate soon. Gold is more likely to hit new records closer to time of rate cuts, though.

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EUR/USD and US Dollar analysis: Technical Tuesday – February 6, 2024

In this shortened edition of Technical Tuesday, we will get technical on the EUR/USD analysis as the pair continues to show bearish price characteristics, while the Dollar Index is continuing to push higher following robust data and hawkish Fed signals.

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WTI technical analysis: Crude oil turns positive - Technical Tuesday

Crude oil is already supported on raised geopolitical risks but now we also have improved demand outlook, after the IMF raised its global GDP forecasts thanks to a resilient US economy and fiscal support from China.

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Crude oil analysis: WTI hits $75 - Technical Tuesday, January 23, 2024

WTI hits $75.00 resistance again, as geopolitics support oil on dips. But crude oil faces some key risks, including weaker demand outlook and strengthening US dollar

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S&P 500 outlook: Technical Tuesday – January 16, 2024

S&P 500 outlook: Hawkish repricing of rate cuts could undermine overstretched equities. Fed Governor Chris Waller says 3 rate cuts appropriate (not 6 the markets are after) which is potentially bearish news. S&P 500 technical analysis suggests index is near extremely over stretched levels.

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January 16, 2024 05:30 PM
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EUR/USD technical analysis: Technical Tuesday – January 9, 2024

EUR/USD technical analysis: rates contained inside 1.09 support and 1.10 resistance, with euro hurt by German factory data, as investors eagerly await key US CPI data on Thursday.

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GBP/USD analysis: Technical Tuesday – Dec 19, 2023

Welcome to another edition of Technical Tuesday. In this final edition for 2023, we will get technical on the GBP/USD analysis as the pair continues to show bullish price characteristics ahead of a busy next few sessions, before the focus turns to the festive period.

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December 19, 2023 01:30 PM
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EUR/USD analysis: Technical Tuesday – Nov 28, 2023

Welcome to another edition of Technical Tuesday, a weekly report where we highlight some of the most interesting markets that will hopefully appease technical analysts and traders alike. In this week’s report, we will analyse the EUR/USD pair.

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November 28, 2023 11:30 AM

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Gold analysis: Precious metals climb as yields dip – Technical Tuesday

Welcome to another edition of Technical Tuesday, a weekly report where we highlight some of the most interesting markets that will hopefully appease technical analysts and traders alike. In this week’s report, we will analysis gold and silver following last week’s bullish price action.

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November 21, 2023 03:59 PM
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Gold and silver analysis: US CPI sends dollar and yields sharply lower - Technical Tuesday

US inflation turned out to be weaker than expected on both the headline and core fronts, and the market’s response was a swift one. We saw gold and silver rise, as yields and the dollar dropped, while index futures jumped with the pace of the rally gaining further momentum once the cash markets opened on Wall Street.

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Nasdaq 100 outlook in focus ahead of key earnings - Technical Tuesday

The Nasdaq 100 gave up earlier gains and was trading flat at the time of writing, ahead of major earnings. Stronger-than-expected PMI data earlier from the US, where both the services and manufacturing sectors showed moderate expansion with 50+ readings, boosted the “higher for longer” narrative.

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Crude oil, USD/CNH, EUR/USD outlook in focus - Technical Tuesday

Welcome to another edition of Technical Tuesday, a weekly report where we highlight some of the most interesting markets that will hopefully appease technical analysts and traders alike. In this week’s report, we will get technical on crude oil, USD/CNH, EUR/USD and bond yields.