The Dollar Index tested 109.50 as predicted and could reach resistance around 110-111. Meanwhile, the Euro fell below 1.03 due to weaker PMI and a dovish ECB outlook. If the decline continues, the pair might test 1.01-1.00. EURINR and USDJPY might trade sideways at 89.5-88.5/88 and 156-158 respectively. Pound and EURJPY slipped below 1.24 and 162, potentially falling to 1.22-1.20 and 160-158/57. The Aussie remains stable above 0.62, but upside might be limited to 0.6250-0.6300.
USDCNY is closed today. USDINR could rise further to 85.90-86.00 in the coming weeks. The US Manufacturing ISM data release today is noteworthy. US Treasury yields remain stable with a bullish outlook for further increases. German yields are approaching crucial resistance and need to break through to rise further. Otherwise, they could fall back. 10Yr GoI is declining as expected and has room to fall more. The Dow Jones remains bearish, potentially falling to 42000-41800. DAX, on the other hand, rose above 20000 and needs to break 20200 for further bullishness; otherwise, it could fall back to 19500. Nifty surged above 24150, but continued upward momentum is needed to reach 24400 or even 24800. Nikkei is closed today. Shanghai breached support at 3300 and trades near 3250. Below 3000, it looks bearish towards 3200-3150. Crude prices surged due to US economic strength and could rise further to 77-78 (Brent) and 74-75 (WTI). Gold, Silver, and Copper might rise towards 2700-2750, 30.5-31.0, and 4.10-4.15 respectively. Natural Gas looks bullish towards 3.8-4.0
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Currency, Bond, and Commodity Market OutlookThis report provides insights into the near-term outlook for various currency pairs, bond yields, and commodity prices. It analyzes trends and potential movements based on current market conditions and technical indicators.
La source: FXStreetNews - 🏆 14. / 72 Lire la suite »
Currency Outlook and Market PredictionsThis article provides a forecast of currency movements and market trends for the upcoming week. It discusses the impact of the US holiday week on trading volumes and potential price targets for major currencies, including the US Dollar, Euro, Pound, and Japanese Yen. It also analyzes the outlook for US Treasury yields, German yields, and Indian government bond yields. The article further covers predictions for major stock indices, including the Dow Jones, DAX, Nifty, Nikkei, and Shanghai Composite. Commodity market forecasts are also included for crude oil, gold, silver, copper, and natural gas.
La source: FXStreetNews - 🏆 14. / 72 Lire la suite »
Currency Outlook Uncertain, Yields Rise, Stocks FluctuateGlobal currency markets exhibit uncertainty with no clear direction for the medium term. Key support and resistance levels have been breached, necessitating sustained trends for confirmation. The US Dollar Index strengthens, while the Euro and Pound face downward pressure. Several currency pairs, including USDJPY and EURJPY, are monitored for potential breakouts. US Treasury yields surge, exceeding key resistances. German yields also rise, reinforcing a bullish outlook. Meanwhile, the Indian 10-year government bond yield approaches a key resistance level. Stock markets experience mixed performance, with the Dow Jones, DAX, Nifty, and Nikkei showing varying degrees of fluctuation.
La source: FXStreetNews - 🏆 14. / 72 Lire la suite »
Currency Traders Work Amidst Market VolatilityReuters reports on the activity of currency traders in Seoul and other financial hubs like Tokyo and New York as they navigate a volatile market environment.
La source: wjxt4 - 🏆 246. / 63 Lire la suite »