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Since the copper continuous futures contract on the Multi Commodity Exchange of India (MCX) got support at ₹335/kg in March 2020, it has been on a long-term uptrend, forming higher peaks and higher tr
Dow Jones, S&P 500 Perched at Key Support as Attention Turns to Powell 2021-03-04 07:30:00 Daniel Moss, Analyst Dow Jones Industrial Average, S&P 500, Federal Reserve, US Treasuries, Inflation – Talking Points: Equity market plunged lower during the APAC session as risk-appetite notably faded. The upcoming speech from Fed Chair Jerome Powell will likely dictate the near-term trajectory of US benchmark equity indices. The Dow Jones and S&P 500 are both sitting atop key support ahead of the Chairman’s speech. ...
Euro Technical Forecast: EUR/USD, EUR/JPY, EUR/GBP, EUR/CAD 2021-02-06 04:00:00 James Stanley, Senior Strategist Euro Technical Forecast: Bearish EUR/USD is mixed as this week brought a fresh two-month low, but Friday printed as a bullish engulfing bar, which is often approached with the aim of strength. EUR/JPY is also mixed as a shorter-term rising wedge (bearish) runs counter to a possible ascending triangle and inverse head and shoulders pattern (both bullish). EUR/GBP is bearish, with support showing at a key level fol...
NZD Outperforms, EUR/GBP Back to Key Support, AUD Awaits CPI - US Market Open 2021-01-26 14:35:00 Justin McQueen, Analyst Euro Watching for Italian Politics Traders Continue to Buy the GBP Dip QUICK TAKE: NZD Outperforms, EUR/GBP Back to Key Support, AUD Awaits CPI Equities: A turnaround Tuesday for markets this morning with EU bourses posting modest gains. Encouraging vaccine news from Regeneron helped underpin gains with the company stating that their antibody drug cocktail prevented 100% of symptomatic infections. Going fo...
MCX-Lead remains above key support Akhil Nallamuthu BL Research Bureau | Updated on January 21, 2021 × After witnessing a price correction in December last year, the January futures contract of lead on the Multi Commodity Exchange (MCX) bounced off the support at ₹155 twice in the past three weeks. Last week, the contract gathered enough strength to break out of the prior high of ₹164. The breakout occurred with substantial volume and the futures eased past both 21- and 50-day moving averages, indicating strong bullish momentum. However, what followed was a consolidation period wherein t...