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S&P 500 reversed from key support level 5050.00 Likely to rise to resistance level 5115.00 S&P 500 index recently reversed up from the key support level 5050.00 (former resistance from the start of February, which stopped the previous waves v and i). The upward reversal from the support level 5050.00 continues the active impulse waves […]

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16/05/2024

Scandi Inflation Expectations on Today’s Menu

In focus today In the US, April industrial production data is due for release. In the euro area, industrial production data for March and employment growth for Q1 are scheduled for release. The current strong labour market gives upside risks to wage growth and thereby domestic inflation. In Denmark, the government will publish an update […]
27/02/2024

EUR/USD: Bullish Bias Above 200-DMA, Daily Cloud Twist Also to Attract Bulls

The Euro keeps firm tone in early Tuesday and pressuring pivotal barriers at 1.0865/88 zone (Fibo 38.2% of 1.1139/1.0695 fall / 55DMA / Feb 22 spike high). Fresh positive signal on Monday’s close above 200DMA (1.0825) which capped several attacks last week, added strength to recovery leg from 1.0695 (Feb 14 low) which emerged from […]
31/05/2024

USD/JPY Stays Strong: Support Levels Hold Firm

Key Highlights USD/JPY started a downside correction from the 157.70 zone. A major bullish trend line is forming with support at 156.00 on the 4-hour chart. Gold prices are consolidating above the $2,320 support zone. Bitcoin price could aim for a move above the $70,000 level. USD/JPY Technical Analysis The US Dollar started a major […]