ALB Limited 17.01.2025

Eurozone CPI Data to be Announced Today

XAUUSD - Gold Technical Analysis

Last week was quite active on the US side. Fed minutes, JOLTS data, PMIs, ADP... but Friday's Non-Farm Payrolls data had the last word. This week is also fast-paced. After the US PPI data, which was below expectations on Tuesday, the US CPI data, which came in line with expectations on Wednesday, was priced positively, although it increased volatility on the gold side. On the technical side, the $ 2725 level can be defined as a resistance point, while the $ 2700 can be followed as a support level.

Resistances 2725 / 2745 / 2760
Supports 2700 / 2690 / 2675

 

XAGUSD Technical Analysis


After testing its 200-day average, a negative course is observed on the new trading day in the precious metal, which is priced upwards with US PPI and CPI data. On the technical side, 31.00 and 31.30 can be monitored as resistance levels. In possible retracement movements, the 30.30 level is seen as an important threshold for the precious metal, while 29.90 and 29.50 can be monitored as support levels in case this level is crossed downwards.

Resistances : 31.00 / 31.30 / 31.60
Supports : 30.30 / 29.90 / 29.50
 

EUR/USD Technical Analysis


With the US PPI data coming in below expectations on Tuesday, the pair showed a slight recovery effect. CPI data was within expectations. The CPI data to be announced in the Eurozone today may be decisive in the pair. On the technical side, if the declines continue in the pair, which started the new day with slight sellers, 1.0260 and 1.0215 can be monitored as support levels. In possible recovery movements, 1.0345 and 1.0385 can be followed as resistance levels.

Resistances : 1.0345 / 1.0385 / 1.0425
Supports : 1.0260 / 1.0215 / 1.0175

 

NAS100 Technical Analysis


The March 2025 futures index contract is technically positive in the short term today. 21360 and 21500 can be monitored as important resistance levels. In downward movements, 21190 and 21040 can be followed as important support levels. Economic data expected to be effective in terms of pricing today include industrial production, housing construction starts and capacity utilization rate.

Resistances : 21360 / 21500 / 21630
Supports : 21190 / 21040 / 20950
 

Technical Analysis of UKOIL


Oil prices continue their uptrend, supported by global supply constraints, sanctions expectations and increasing demand for heating. Technically, 82.00 and 82.50 can be followed as important resistance levels if upward movements continue in Oil pricing, which followed a positive course in the morning hours. In downward movements, 81.00 and 80.40 can be followed as important support levels.

Resistances : 82.00 / 82.50 / 83.10
Supports : 81.00 / 80.40 / 80.00 

Tags: Technical Analysis, Analysis, Forex

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