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Exxon Mobil Wave Analysis 15 October 2024
Technical analysis
Exxon Mobil Wave Analysis 15 October 2024

– Exxon Mobil reversed from the resistance zone – Likely to fall to support level 117.55 Exxon Mobil recently reversed from the resistance zone between the pivotal resistance level 123.25 (former monthly high from April) and the upper weekly Bollinger Band. The.

EURJPY Wave Analysis 15 October 2024
Technical analysis
EURJPY Wave Analysis 15 October 2024

– EURJPY reversed from the resistance zone – Likely to fall to support level 160.90 EURJPY currency pair recently reversed down from the resistance zone located between the key resistance level 163.00 (which has been reversing the price from the.

Soaring bitcoin
Crypto Review
Soaring bitcoin

The crypto market reached $2.28 trillion, with Bitcoin trading above $66.5K. Chinese stimulus measures and UAE's approval of a stablecoin are driving factors.

Fall in Unemployment Supports Pound, But Concerns Grow
Market Overview
Fall in Unemployment Supports Pound, But Concerns Grow

The UK unemployment rate dropped to a record low, supporting the pound. However, there are concerns over a drop in employment and a slowdown in wage growth. Further gains for the pound will depend on a global shift in sentiment.

Weak Swiss Inflation Pressures Franc Outlook
Market Overview
Weak Swiss Inflation Pressures Franc Outlook

Swiss inflation continues to disappoint, with producer and import prices falling by 0.1% m/m in September, contrary to expectations. This weakness supports the case for further monetary easing by the Swiss central bank. USDCHF rose 0.8%, following the Dollar Index's gains since late September. Key resistance levels are at 0.8720 and 0.8810.

S&P 500 index Wave Analysis 14 October 2024
Technical analysis
S&P 500 index Wave Analysis 14 October 2024

– S&P 500 index broke resistance level 5785.00 – Likely to rise to resistance level 5985.00 S&P 500 index under the bullish pressure after the price broke resistance zone located between the pivotal resistance level 5785.00 (which stopped wave 1.

USDJPY Wave Analysis 14 October 2024
Technical analysis
USDJPY Wave Analysis 14 October 2024

– USDJPY broke resistance zone – Likely to rise to resistance level 152.00 USDJPY currency pair recently broke through resistance zone located between the key resistance level 149.30 (former top of wave b from the middle of August) and the.

China’s Data Remains Weak, But There Are Signs of a Turnaround
Market Overview
China’s Data Remains Weak, But There Are Signs of a Turnaround

China's latest economic data shows weak growth, with CPI slowing to 0.4% y/y and PPI falling 2.8%. While external trade data signals potential recovery, the overall sentiment remains disappointed. Monetary dynamics indicate some positive movement, with M2 growth at 6.8%. The data is mostly negative for the Chinese currency due to weak inflation.

Bitcoin and Ethereum Are Trying to Break Resistance
Crypto Review
Bitcoin and Ethereum Are Trying to Break Resistance

The crypto market is sitting at $2.23 trillion, roughly back to levels of a week earlier. Bitcoin broke above the $64K mark on Monday morning, accelerating intraday gains after breaking through its 200-day MA. Ethereum climbed to $2,500

US PPI Above Expectations Did Not Dampen Risk Appetite
Market Overview
US PPI Above Expectations Did Not Dampen Risk Appetite

US producer prices rose at a faster pace in September than analysts had forecast. The headline PPI slowed to 1.8% y/y instead of the expected 1.6%. The core price index, which excludes food and energy, accelerated to 2.8%. While this.

CHFJPY Wave Analysis 11 October 2024
Technical analysis
CHFJPY Wave Analysis 11 October 2024

– CHFJPY broke resistance zone – Likely to rise to resistance level 174.90 CHFJPY currency pair under the bullish pressure after the earlier breakout of the resistance zone located between the key resistance level 172.00 (which stopped the previous waves.

GBPUSD Wave Analysis 11 October 2024
Technical analysis
GBPUSD Wave Analysis 11 October 2024

– GBPUSD reversed from support zone – Likely to rise to resistance level 1.3200 GBPUSD currency pair recently reversed up from the support zone located between the pivotal support level 1.3030 (former monthly high from July), lower daily Bollinger Band.

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