Asian shares in broad-based rally on eve of U.S. election

Asian shares got off to a strong start on Tuesday, with investors buoyed by strong factory output data from major economies, while the dollar and gold held ground on political uncertainty ahead of U.S. elections.

Asian shares

MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS added 1%, up for the second straight day.
South Korea’s main index .KSII advanced 1.7%, markets in Hong Kong .HSI and Sydney .AXJO rose 2% and Chinese blue chips .CSI300 put on 0.8%. Japanese markets were closed for a holiday.

Commodities

Oil prices steadied after two weeks of selling, with Brent futures down 0.1% to $38.90 a barrel, but hanging on to most of an overnight bounce.
Gold was firm at $1,895.6 an ounce, while the dollar index held ground at 94.027.

Murrey Math Lines 12.04.2024 (Brent, S&P 500)

Brent Brent quotes are above the 200-day Moving Average on D1, indicating a prevailing uptrend. The RSI has broken the support line, exiting the overbought

Technical Analysis & Forecast 12.04.2024

EURUSD, “Euro vs US Dollar” The EURUSD pair continues developing a consolidation range. By now, a decline wave structure has been completed at 1.0700 alongside

Ichimoku Cloud Analysis 12.04.2024 (EURUSD, XAUUSD, NZDUSD)

EURUSD, “Euro vs US Dollar” EURUSD has secured under the support level. The instrument is going below the Ichimoku Cloud, revealing a downtrend. A test

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