fbpx

Register for MT4 Demo Account

Register for xStation Account

Steady Indices & Tumbled Oil Prices Amid Ongoing U.S Banking Ruction

By Research Team Thursday, Mar 16, 2023
AUD/USD

    • 9.25amD1
    • High0.6643
    • Low0.66135
    • Close0.66333

AUD/USD is trading at 0.66235, 0.08% up since previous day close. The Aussie seems to be trading on higher side post release of Employment data wherein the number of employed people rose to 64.6K from -10.9K in the previous month & the Unemployment Rate fell to 3.5% against the expectation 3.6%. On global front, the U.S issued inflation data which showed a slow-down in inflation rising by wherein the rate grew by 0.4% lower than 0.5% of rise in the previous month. This gave a sigh of relief to traders over higher rate hikes in the next meeting & hence, weakened the USD & cushioned Aussie. As seen in the chart, the pair formed double bottom & is sustaining the same. Slight buying bias may be recommended for the day.

Read More… Read Less

Daily Outlook

AUD/USD

Intra Day
Near Day

Technical Levels

R3 0.68830
R2 0.67613
R1 0.66895
Turnaround 0.66396
S1 0.65678
S2 0.65179
S3 0.63962
By Research Team Thursday, Mar 16, 2023
GER30

    • 9.46amD1
    • High15000
    • Low14871
    • Close14987

GER30 is trading at 14956.3, 0.03% up since previous close. The European markets slightly recovered after Swiss National Bank (SNB) agreed to lend $54 billion to Credit Suisse Bank after one of the leading bank investors, Saudi National Bank, denied to raise its investment stake more than 10%. This endeavor lifted up the market sentiments & eased down the panic over another bank collapse. However, ongoing ruction in U.S financial & banking system remains worrisome for traders. On positive side, the U.S CPI data showed a mild rise of 0.4% lower than previous rise of 0.5% & this may reduce down the chances of higher rate hikes in next Fed meeting. The market will be eyeing ECB’s monetary stance today. Buying on lower levels may be recommended for the day in GER30.

Read More… Read Less

Daily Outlook

GER30

Intra Day
Near Day

Technical Levels

R3 16070.00000
R2 15508.00000
R1 15194.00000
Turnaround 14946.00000
S1 14632.00000
S2 14381.00000
S3 13822.00000
By Research Team Thursday, Mar 16, 2023
XAUUSD

    • 10.05amD1
    • High1937.44
    • Low1885.73
    • Close1921.33

Gold is trading at $1913.52, 0.02% down since previous close. The slight correction can be seen in Gold prices after rallying to recent higher of $1935 levels on Wednesday. Ongoing U.S banking crisis & uncertain Credit Suisse’s credibility & stability can turn up positive for safe haven instruments. Besides this, the weaker USD amid easing down U.S inflation data, better NFP figures & led chances of aggressive rate hikes in next Fed meeting contributes bullishness in Gold. The China posted upbeat economic figures which may make the yellow metal expensive; since China is a major metal consuming country. Buying on dips may be recommended since the commodity is expected to test the record highs of $1960 in short term.

Read More… Read Less

Daily Outlook

XAUUSD

Intra Day
Near Day

Technical Levels

R3 2019.70000
R2 1967.16000
R1 1944.25000
Turnaround 1914.62000
S1 1891.71000
S2 1862.08000
S3 1809.54000
footer-logo

XFlow Markets provides an entirely transparent access to the FOREX Market through two powerful trading platforms (XFLOW & MT4) with excellent execution speed, a 24/5 client support system with no dealing desk involvement.

 

© 2023 XFlow Markets, All rights reserved.

Risk Warning: Leveraged trading in foreign currency contracts or other off-exchange products on margin carries a high level of risk and may not be suitable for everyone. We advise you to carefully consider whether trading is appropriate for you in light of your personal circumstances.

You may lose more than you invest. Information on this website is general in nature. We recommend that you seek independent financial advice and ensure you fully understand the risks involved before trading. Trading through an online platform carries additional risks.

 

XFlow Markets INC is incorporated in Saint Lucia with registration no. 2023/C088 governed by the Companies Act, Cap 13.01 of the revised laws of Saint Lucia.

XFlow Markets does not offer Contracts for Difference to residents of certain jurisdictions including the Belgium, Iran, Canada, North Korea, the USA, Cuba, Syria and FATF Black Listed Countries.

Telephone number: UK: +44 20 38355241 | Dubai: +971 54 339 3959 Working hours: 7:00 AM - 5:00 PM (GMT+0)

XFlow Markets does not offer any fixed returns & guaranteed profits. Forex and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Your capital is at risk. Please consider our Risk Disclosure.

XFlow Markets does not guarantee any returns or profits. Your capital is at risk. Leveraged products may not be suitable for everyone. Please consider our Risk Disclosure.