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#DAX & #SP500 Forecast (14 June 2024)

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Dax Forecast: Dips, Yet Uptrend Intact The German index fell rather hard during the trading session on Thursday as we plunged towards the 18,250 euro level. I suspect at this point in time we are still in the midst of some type of corrective phase and therefore we will get the occasional dip. However, the uptrend is very much intact, and I just don't see that changing anytime soon. I am a buyer of dips and I recognize that it is probably only a matter of time before we rally again, but I do buy the DAX in very small bits and pieces. This is not a time to get over levered looking for some type of massive bounce. I think ultimately the market is starting to focus on the idea of indecision in politics when it comes to the European Union, but there's also an argument that can be made then perhaps the global economy might be slowing down. After all, US numbers are starting to drop. The PPI numbers in the morning were off by three-tenths of a percent, which is a huge miss. That could...

#ASX200 Forecast: Continues to Consolidate (14 June 2024)

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The Australian Stock Exchange has been very noisy as of late, as we continue to hang around the 7700 Australian dollars level. The market is currently in the midst of a major triangle, suggesting that there is a certain amount of bullish pressure underneath but it is somewhat fleeting. After all, you have to keep in mind that the Australian exchange is highly influenced by commodities, and although some commodities have really started to take off, we have seen some other ones cool off at the same time period. Asia and global growth I suspect that one of the biggest influences on the ASX 200 is going to be the global growth situation as countries start to see a bit of a slowdown. We have seen several countries and central banks around the world start to cut rates, and this of course is a sign that perhaps there are some problems. If that ends up being the case, some of the biggest materials producers in Australia will find themselves in trouble as customers cancel orders. BHP Group Ltd....

📊Premium LIVE #XAUUSD #gold SIGNAL (14 June 2024)📊

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#XAUUSD: $2,500 Target Remains in Focus But Consolidation Likely to Precede Fresh Rally (13 JUNE 2024)

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Gold is likely to retest the latest record high and attack psychological $2500 level in coming months, as all key factors that drive the metal’s price remain supportive. Persisting geopolitical tensions and threats of escalation continue to underpin demand, along with growing signals of stronger monetary easing and one of the most significant – gold purchases by central banks – led by China. However, overbought conditions on monthly chart and long upper shadows of April/May monthly candlesticks, as well as June’s candlestick so far being in the shape of long-legged Doji, signal rising offers and indecision, indicating that bulls might be running out of steam. This suggests that metal’s price may hold in extend consolidation, which so far finds ground at $2300 zone, with dips not to exceed solid supports at $2200 (psychological / Fibo 38.2% of $1810/$2450) to keep larger bulls intact for fresh push higher. To get ACCURATE LIVE ACCURATE 2-3 TRADES (Forex/Comex/Stocks) Telegram  Finan...

#USDSGD Forecast: #USDollar Plunges Against the #Singapore #Dollar (13 JUNE 2024)

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The US dollar has fallen over 6/10 of a percent against the Singapore dollar, which is a significant move considering that the pair does not tend to be overly volatile. This is primarily a reaction to the Consumer Price Index numbers in the United States coming out cooler than anticipated. This has people already hoping that the Federal Reserve might cut interest rates sooner rather than later, but it’s also worth noting that the FOMC meeting is late in the day and could change the overall attitude. Are We Are Range Bound? I think at this point in time we have to answer the question as to whether or not we are simply going to be range bound. This is not a huge surprise, because the USD/SGD pair tends to be very sideways in general, because it’s not necessarily the most volatile pairs, and it’s worth noting that the Singapore dollar is essentially the same thing as trading the Swiss franc, as a lot of the fundamentals are very similar. Singapore is considered to be the “Switzerland of A...

USDILS Analysis: Range Displays Resilience for Speculative Wagers (13 JUNE 2024)

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The USD/ILS as of this morning is around the 3.68925 mark which is solidly below highs seen earlier this week near the 3.76420 mark on Monday. The ability of the USD/ILS to selloff upon the weaker than expected U.S inflation numbers yesterday moved in step with other major currencies teamed against the USD and possibly sets the tone for the lower price now being traded to hold. Even as Israel continues to battle against Hamas and Hezbollah the USD/ILS has remained rather stable. The high produced last Friday near the 3.76690 area was met with some selling. Even as the Israel government coalition is showing vulnerability, the USD/ILS has been able to stay rather range bound. Yes, the higher values last week did break resistance levels and touched values last seen on the 1st of May, but they did not go upwards and towards higher ratios seen in the last week of April. USD/ILS Correlations to Broad Market The ability of the USD/ILS to move lower on the U.S CPI inflation data and then be ab...

#USDRUB Analysis: Sudden Snap Move Higher and Speculative Intrigue (13 JUNE 2024)

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The snap move higher this morning in the USD/RUB may not prove to be concerning for speculators and actually an opportunity to once again look for lower prices. The price of the USD/RUB being displayed currency is near the 90.9800 mark, which suddenly emerged after the currency pair appeared to have been trading rather comfortably around the 89.0000 level. The sudden move higher demonstrates why conservative leverage is needed by day traders. However experienced traders of the USD/RUB know that prices are never easily defined in the currency pair and sparks higher and lower are part of the trading landscape. As long as the USD/RUB doesn’t start moving tremendously upwards this morning because something unknown is taking place, the reality is that the currency pair continues to traverse in a rather tight tranquil price range that actually correlates to the broad Forex market. Yesterday’s Lows in the USD/RUB and Speculative Trading The USD/RUB currency pair moved to a low of nearly 88.22...