FTSE 100 Technical Outlook – Consolidating for a Run at Best Levels Since March
The FTSE is consolidating recent gains, looks poised to test resistance and best levels since March.
The FTSE is consolidating recent gains, looks poised to test resistance and best levels since March.
Gold prices plunged more than 3.5% this week with the sell-off now testing the first major support zone. Here are the levels that matter on the XAU/USD technical charts.
The two major AUD-crosses have once again started to test key technical resistance, suggesting that the consolidations in recent months will finally yield bullish breakouts.
Gold and silver prices have come under significant pressure recently. However, this correction lower could prove short-lived as price analysis hints at a reversal higher.
KUALA LUMPUR (Nov 24): Based on corporate announcements and news flow today, stocks that may be in focus tomorrow (Nov 25) include: Berjaya Land Bhd,…
NEW YORK/BENGALURU (Nov 24): The Dow breached 30,000 points for the first time on Tuesday, as investors bet on a swift economic recovery next year,…
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WILMINGTON, Del., (Nov 25): President-elect Joe Biden said on Tuesday the United States will be “ready to lead” again on the global stage, turning the…
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KUALA LUMPUR (Nov 25): Top Glove Corp Bhd has lost over RM12 billion worth of market capitalisation since the start of November, as its share…
KUALA LUMPUR (Nov 25): The main index of Bursa Malaysia came out its state of torpor and rose 0.53% in the mid-morning today, tracking the global…
The dollar and yen traded moderately softer against most other currencies amid a buoyant sentiment in Asian markets, which propelled the MSCI Asia-Pacific ex-Japan stock index hit a new record high. Sterling outperformance was another theme. There have been various positive news, ranging from Covid vaccines and treatments, to encouraging corporate earnings and economic data, […]
The dollar and yen came under pressure as risk-on positioning re-established. Pound outperformance was another theme. The MSCI Asia-Pacific ex-Japan stock index hit a new record high. Europe’s Stoxx 600 pared early gains, leaving last week’s eight-month highs unchallenged, but remained remaining buoyant. S&P 500 E-mini futures were showing a 0.5% gain as of the […]
The Dollar turned broadly higher in N.Y. on Monday, with the better Markit PMI outcomes providing the main driver. USD Short-covering was noted after the unit tumbled through much of the month of November. The DXY recovered from near three-month opening lows of 92.02 to 92.80. In addition, firmer Treasury yields gave some support to […]