EUROPEAN INFLATION: German Services Higher, Unch Core Implies Lower Core Goods
Oct-30 13:44
German national level subcategories all came in with the MNI tracking following state-level data (as...
Want to read more?
Find more articles and bullets on these widgets:
Historical bullets
EQUITY TECHS: E-MINI S&P: (Z5) Trend Needle Points North
Sep-30 13:41
- RES 4: 6812.29 2.382 proj of the Aug 20 - 28 - Sep 2 price swing
- RES 3: 6800.00 Round number resistance
- RES 2: 6787.63 1.382 proj of the Aug 1 - 15 - 20 price swing
- RES 1: 6756.75 High Sep 22
- PRICE: 6709.50 @ 14:30 BST Sep 30
- SUP 1: 6647.54 20-day EMA
- SUP 2: 6577.25 Low Sep 10
- SUP 3: 6533.46 50-day EMA
- SUP 4: 6481.75 Low Sep 3
A bull cycle in S&P E-Minis remains intact. Key short-term resistance has been defined at 6756.75, the Sep 22 high where a break would resume the primary uptrend. This would open 6787.63, a Fibonacci projection. On the downside, the contract has recently pierced initial support at the 20-day EMA, currently at 6647.54. A clear breach of this average would signal scope for a deeper retracement, potentially towards the 50-day EMA, at 6526.11.
AUD: AUDNZD Tests a new intraday high.
Sep-30 13:36
- A new intraday high for AUDNZD, but the liquidity is on the low side, as Bloomberg shows a 2 pips wide quoted on the Spot.
- Nonetheless, Risk is for further upside with the next resistance eyed at 1.1448 (retracement level).
- A clear break through the latter would see the big 1.1500 level.
- The 2022 high does reside just ahead of that handle at 1.1491.
EQUITIES: US Cash Opening Calls
Sep-30 13:25
US Cash Opening Calls, set for a flat Open.
- Fair values seen at: SPX: 6,664.5 (+0.0%); DJIA: 46,310 (-0.0%/-6pts); NDX: 24,641.3 (+0.1%).
