ALB Limited 11.09.2024

Eyes Turned to CPI Data in the USA Today

XAUUSD - Gold Technical Analysis

After the Non-Farm Payrolls data announced below expectations on Friday, pricing in the precious metal, which followed a sellers course, is based on soft landing scenarios. CPI data to be announced in the USA today can be followed as a prominent development for precious metal. In the precious metal, where $ 2500 started to act as a support with the buying course experienced yesterday, 2525 and 2550 can be followed as resistance levels in upward movements. In possible withdrawals, 2500 and 2485 can be targeted as support levels.
 
Resistances: 2525 / 2550 / 2575
Supports: 2500 / 2485 / 2470
 

XAGUSD Technical Analysis


For Ons Silver, which lost value last week similar to Ons Gold, the US CPI data to be announced today can be followed as a prominent development in the interest rate cut. After yesterday's appreciation in the precious metal, a slightly buying outlook is observed in the morning hours today. If upward movements continue, 28.60 and 28.80 can be followed as resistance levels. In downward movements, 28.35 and 28.20 can be followed as resistance levels.
 

EUR/USD Technical Analysis


With the decline in the DXY index in the morning hours, a positive course is observed in the EUR / USD parity in the short term. If positive movements continue during the day, 1.1053 and 1.1070, where the 20-day exponential moving average is located, can be followed as important resistance levels. In downward movements, 1.1030 and 1.1020 can be followed as important support levels.

Resistances: 1.1053 / 1.1070 / 1.1095
Supports: 1.1030 / 1.1020 / 1.1010

 

NAS100 Technical Analysis


With the inflation data to be announced at 15.00 in the USA today, signals are expected to be received that will guide the FED's interest rate policy. Before the CPI data, a negative course is observed in the short term in the 2024 September futures index contract. Technically, if downward movements continue, 18600 and 18500 can be followed as important support levels. In upward movements, 18840 and 18960 can be followed as important resistance levels.

Resistances: 18840 / 18960 / 19070
Supports: 18600 / 18500 / 18400
 

UKOIL Technical Analysis

UKOIL, which declined below $ 70 levels due to OPEC+‘s lower demand forecasts and investors’ concern about the risks of future supply increases, is showing a positive movement in the morning hours today. Technically, if the upward movements continue during the day, 70.60 and 71.00 can be followed as important resistance levels. In downward movements, 69.30 and 68.70 can be followed as important support levels.

Resistances: 70.60 / 71.00 / 71.50
Supports: 69.30 / 68.70 / 68.00

Tags: Technical Analysis, Analysis, Forex

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