AUD/USD is trading at 0.69957, 0.08% up since previous day close. The Aussie seems to be trading n higher side on Monday against the soft USD after Fed hiked interest rate as expected; however hinted for a slowdown in rate hike process in near future. However, the weaker than expected Chinese PMI figures may remain slightly negative factor for AUD/USD since Australia & China are trading partners. The AIG Manufacturing Index fell to 52.5 from 54.0 in the previous month & the ANZ Job Advertisements dropped by 1.1% from 0.4% in the prior month. As seen in the chart, although the pair is trading within the channel pattern yet it is hovering near MA (10); which indicates the chances of make or break situation on short term basis. Slight buying bias may be established for the day.
Read More… Read LessIntra Day | |
Near Day |
R3 | 0.72204 |
R2 | 0.70995 |
R1 | 0.70466 |
Turnaround | 0.69786 |
S1 | 0.69257 |
S2 | 0.68577 |
S3 | 0.67368 |
Natural gas is trading at $7.903, 0.28% down since previous day close. The Natural gas prices corrected from recent highs of $9.00 levels amid cautious move over increase in supplies against from Russia. Last week, the reducing gas flows from Russia’s Nord Stream pipeline to Europe led a heavy buying pressure in Natural gas prices. The U.S Energy Information Administration (EIA) report showed a build-up in Natural gas inventory level lower than expectation. The rising inflationary pressure lowers down consumption demand of commodities which may remain vital for Gas prices as well. As seen in the chart, the commodity reversed down from major resistance & is trading near MA (10). Sideways trading may be suggested.
Read More… Read LessIntra Day | |
Near Day |
R3 | 8.20100 |
R2 | 8.04500 |
R1 | 7.98000 |
Turnaround | 7.88800 |
S1 | 7.82000 |
S2 | 7.73100 |
S3 | 7.57300 |
UK100 is trading at 7368.8, 0.18% up since previous day close. The mixed trading can be seen in major indices after surging up in the last week. The weaker than expected Chinese figures & upcoming U.S NFP data outcome slightly suppressed the UK100. Besides this, ongoing process of electing the country’s Prime Minister remains vital for sterling Pound & UK100 as well. Last week, the Fed Chair Powell stated the chances of slowdown in rate hike move in future course of time which pushed up the UK100. The result of Final Manufacturing PMI data will remain into focus for the day. As seen in the chart, the index reversed up from major level of cluster support which indicates the chances f further buying bias if sustains an upside momentum.
Read More… Read LessIntra Day | |
Near Day |
R3 | 7568.05000 |
R2 | 7468.69000 |
R1 | 7433.73000 |
Turnaround | 7368.06800 |
S1 | 7333.73000 |
S2 | 7268.88000 |
S3 | 7168.06000 |
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.