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Gold Shrugs Off US CPI Strength Gold prices are rising on Friday despite yesterday’s stronger-than-forecast US CPI print. Inflation was seen rising again in the US last month with headline CPI printing 3.4% annually, up from 3.1% prior and above the 3.2% the market was looking for. Interestingly, however, rate cut expectations for March were […]
Futures Weekly Wrap-Up #ES #NQ #YM To access the weekly review of the price action in the emini futures markets and today’s real-time actionable analysis for the Friday trading session use the links below, please like & share! Emini SP500 https://www.youtube.com/watch?v=Kq99KUvMCtU Emini Nasdaq https://youtu.be/JdEqiSRYhHA?si=dvNgFtg5zK0qQIyR Emini DowJones https://www.youtube.com/watch?v=thYb27uB7ws Source: Tickmill
So, the US inflation report for December didn’t exactly set the market on fire. It caused a brief dollar rally, with the US dollar index going up from 102.20 to 102.70, but it lost all its gains later on. Even the two-year rate took a dip, from 4.34% before the report to 4.26% on Friday: […]
TitleResistance Overhead TypeBearish Reversal Preference: Price could rise towards the pivot point of 0.67292 which is a pullback resistance level and potentially reverse from here; we could see momentum carry price down to its 1st support at 0.66556 which is a pullback support level. Alternative scenario: If price breaks above the pivot point, it could […]
TitleEURJPY M15 I Bullish Bounce TypeBullish Rise Preference:Price has just bounced off the pivot point of 159.177, which is an overlap support level, A bounce from this point could lead the price to rise to 1st resistance at 160.05 , a swing high high resistance Alternative scenario:If price break below the pivot, it might fall […]
The primary currency pair is poised for growth on Friday. The current quote in EURUSD is 1.0975. The much-anticipated inflation data has been released. The official Consumer Price Index rose to 3.4% y/y in December from 3.1% last month. In a month-to-month comparison, the figure exceeded expectations, rising by 0.3%. Everything would be fine, but […]