AUD/USD is trading at 0.73731, 0.08% up since Wednesday. The Aussie turned positive after the country showed mixed labor data. The number of employed people fell by 138K against the expected fall of 108K whereas the Unemployment Rate dropped to 4.6% against estimation 4.8%. Also, the steady USD amid higher chances of U.S stimulus tapering beginning from next month cushioned the other counterparts to some extent. Globally, the inflation worries loom on an account of surging Oil & gas prices which remains vital for AUD/USD. As seen in the weekly chart, the pair seems to be taking a strong support of long term MA (100) & MA (200) & hence, slight buying may be initiated on short to medium term basis.
Read More… Read LessIntra Day | |
Near Day |
R3 | 0.74784 |
R2 | 0.74199 |
R1 | 0.73995 |
Turnaround | 0.73614 |
S1 | 0.73410 |
S2 | 0.73029 |
S3 | 0.72444 |
WTI Oil is trading at $80.07, 0.07% up since previous day close. The Oil prices slightly weakened on Thursday post release of American Petroleum Institute (API) report which showed a rise in Oil stocks level by 5.23 mbpd against the expected build-up of 0.140 mbpd. Earlier in a week, the prices rallied to multi-year highs of $81 levels against the rising consumption demand on global level. Besides this, few companies planned to shift their production process from gas to Oil; which may raise the demand against the OPEC+ steady output. The market will be looking forward to the result of U.S EIA report today. Buying on lower levels may be recommended for the day in WTI Oil.
Read More… Read LessIntra Day | |
Near Day |
R3 | 83.60000 |
R2 | 81.97000 |
R1 | 81.28000 |
Turnaround | 80.34000 |
S1 | 79.65000 |
S2 | 78.71000 |
S3 | 77.08000 |
GER30 is trading at 15283, 0.27% up since previous day close. The European shares surges up following the other global shares as corporate quarter earnings show better results than expected. Also, upbeat Chinese & U.S inflation data further cushioned the indices. This overshadows the negative effect of FOMC Minutes’ statement of chances of stimulus tapering down from the next month. Last week, the GER30 softened below 15000 levels amid rising inflation concerns & mounting energy prices. The German ZEW Economic Sentiment fell to 22.3 from 26.5 in the previous month. As seen in the chart, the index reversed up from MA (100) & is currently hovering within short term Moving Averages. This signals a buying momentum on short term basis.
Read More… Read LessIntra Day | |
Near Day |
R3 | 15600.00000 |
R2 | 15406.00000 |
R1 | 15332.00000 |
Turnaround | 15212.00000 |
S1 | 15138.00000 |
S2 | 15018.00000 |
S3 | 14824.00000 |
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.