fbpx

Register for MT4 Demo Account

Register for xStation Account

NZD/USD bullish breakout tested; Wall Street futures dip on growth concerns. Silver to drop to $30.50 due to improved US yields.

By Research Team Tuesday, Jun 4, 2024
NZD/USD

    • 11.30amD1
    • High0.6193
    • Low0.6133
    • Close0.6193

NZD/USD is trading at 0.6182, 0.80% up since previous day close. The report here was softer than estimated, The positive for the dollar? Employment conditions are still holding up well but that’s about it. Otherwise, it was a pretty straightforward take on the report. The greenback fell as a result and we’re starting to see. NZD/USD drops as the US Dollar steadies ahead of US JOLTS Job Openings data. Weak US factory PMI report prompts Fed rate-cut bets. NZD/USD tests the Bullish Flag breakout region near 0.6170.

Read More… Read Less

NZD/USD

Intra Day
Near Day

Technical Levels

R3 0.6234
R2 0.6220
R1 0.6194
Turnaround 0.6170
S1 0.6146
S2 0.6106
S3 0.6100
By Research Team Tuesday, Jun 4, 2024
US100

    • 11.35amD1
    • High18715.00
    • Low18397.00
    • Close18623.00

US100 is trading at 18555. 0.52% up since previous day close. U.S. stock futures fell on Tuesday after weak manufacturing data raised new worries about the strength of the U.S. economy, even as markets awaited a slew of reports this week to gauge how much growth has slowed. Stocks slipped on Monday after survey data showed U.S. factory activity had slowed more than expected in May and construction spending slipped in April, although the S&P 500 and the Nasdaq closed the session slightly higher.

Read More… Read Less

US100

Intra Day
Near Day

Technical Levels

R3 18925.00
R2 18850.00
R1 18760.00
Turnaround 18600.00
S1 18390.00
S2 18250.00
S3 18170.00
By Research Team Tuesday, Jun 4, 2024
SILVER

    • 11.40amD1
    • High30.80
    • Low29.76
    • Close30.71

Silver is trading at 30.98, 1.023% up since previous day close. Silver price (XAG/USD) recovers strongly after discovering buying interest near the crucial support of $30.00 in Monday’s New York session. The white metal bounced back as US Treasury yields plunge due to slight improvement in market speculation for the Federal Reserve (Fed) to begin reducing interest rates from the September meeting. the opportunity cost of holding an investment in non-yielding assets, such as Silver.

Read More… Read Less

SILVER

Intra Day
Near Day

Technical Levels

R3 31.83
R2 30.98
R1 30.50
Turnaround 30.00
S1 29.76
S2 29.04
S3 28.00
footer-logo

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

 

© 2024 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: UAE: +971 43304431 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.