By ForexTime
Check out these potential profits that you may have missed from our Daily Market Analysis.
SPX500_m bulls deliver
Back on Monday, we covered the SPX500_m in our trade of the week. Prices were firmly bullish, especially after surging to record highs last Friday.
- TP hit: YES, the SPX500_m hit the 4900 level
- Why: Investor optimism for strong corporate earnings, rising tech stocks
- Technicals: Intraday breakout above 4870 fuelled upside
EURUSD hits resistance ahead of ECB
It has been a choppy week for the EURUSD as anticipation mounts ahead of the ECB meeting. Nevertheless, prices have hit some of our targets before this big event.
- TP hit: YES, the EURUSD hit 21-Day EMA and 50% Fib level
- Why: Mixed Eurozone data dampened ECB cut bets, weak US dollar
- Technicals: Prices in a range waiting for significant breakout
Free Reports:
Get our Weekly Commitment of Traders Reports - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.
Sign Up for Our Stock Market Newsletter – Get updated on News, Charts & Rankings of Public Companies when you join our Stocks Newsletter
XAGUSD eyes 4th target level
Silver bulls have been busy this morning, cutting through the bullish price targets like a hot knife through butter.
- TP hit: YES, 3 out of the 4 profit targets have been hit his morning.
- Why: A weaker dollar could be offering support to the precious metal
- Technicals: Prices are respecting an uptrend on the 15-minute timeframe
The above scenario (XAGUSD) is based on the FXTM Signals that are posted twice a day (before the London and New York sessions) for all FXTM clients to follow. This can found in the MyFXTM profile under Trading Services… FXTM Trading Signals.
Article by ForexTime
ForexTime Ltd (FXTM) is an award winning international online forex broker regulated by CySEC 185/12 www.forextime.com
- Canadian dollar declines after weak GDP data. Qatar threatens EU to halt natural gas exports Dec 24, 2024
- Goldman Sachs has updated its economic projections for 2025. EU countries are looking for alternative sources of natural gas Dec 23, 2024
- COT Bonds Charts: Speculator Bets led by SOFR 3-Months & 10-Year Bonds Dec 21, 2024
- COT Metals Charts: Speculator Bets led lower by Gold, Copper & Palladium Dec 21, 2024
- COT Soft Commodities Charts: Speculator Bets led by Live Cattle, Lean Hogs & Coffee Dec 21, 2024
- COT Stock Market Charts: Speculator Bets led by S&P500 & Russell-2000 Dec 21, 2024
- Riksbank and Banxico cut interest rates by 0.25%. BoE, Norges Bank, and PBoC left rates unchanged Dec 20, 2024
- Brent Oil Under Pressure Again: USD and China in Focus Dec 20, 2024
- Market round-up: BoE & BoJ hold, Fed delivers ‘hawkish’ cut Dec 19, 2024
- NZD/USD at a New Low: The Problem is the US Dollar and Local GDP Dec 19, 2024