DAX analysis: Technical Tuesday – January 7, 2025
Today 12:30 PM
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USD/JPY Clears December High Ahead of US NFP Report
USD/JPY extends the advance from the start of the week to clear the December high (158.09).
Gold Forecast: Bullish Pressure Sets the Tone for the Start of the Year
Gold has registered growth of over 1% in recent hours, positioning itself above $2,650 per ounce.
US Dollar Short-term Outlook: USD Bulls Rest After Five-Week Run
A rebound off uptrend support keeps the focus on a breakout of the weekly range heading into NFPs on Friday. Battle lines drawn on the DXY short-term technical charts.
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USD/JPY Clears December High Ahead of US NFP Report
Today 08:30 PM
US Dollar Short-term Outlook: USD Bulls Rest After Five-Week Run
Today 08:00 PM
U.S. Dollar Price Action Setups: EUR/USD, USD/CAD, SPX
Today 07:15 PM
GBP/USD Recovery Keeps 2024 Range Intact
Today 04:10 PM
Euro Technical Forecast: EUR/USD Bears Struggle at Support
Today 02:12 PM
Japanese Yen Forecast: USD/JPY Bullish Breakout Rejected…So Far
A confirmed bullish breakout in USD/JPY above the top of the range could target 160.00 in short order, whereas a bearish breakdown could open the door for a deeper retracement toward 154.00.
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U.S. Dollar Price Action Setups: EUR/USD, USD/CAD, SPX
The U.S. Dollar just finished its strongest quarter in nine years, and stock prices remain elevated, as well. This sets the stage for a volatile 2025 as explained in this webinar.
GBP/USD Recovery Keeps 2024 Range Intact
GBP/USD may continue to trade within the 2024 range should it extend the recent series of higher highs and lows.
Nasdaq 100 Forecast: QQQ rises ahead of data & on Nvidia superchip news
U.S. stocks are heading for a positive open as investors await economic data and further insight into the incoming Trump administration's policies. US jolts job openings and ISM services PMI data are due later in the session. Signs of ongoing resilience within the economy could further dampen Federal Reserve rate cut expectations. Separately, Nvidia is set to open higher after new products were unveiled, including an AI superchip.
Euro Technical Forecast: EUR/USD Bears Struggle at Support
A three-month decline takes Euro into downtrend support into the start of the year with momentum fading. Battle lines drawn on the EUR/USD weekly technical chart.
DAX analysis: Technical Tuesday – January 7, 2025
DAX analysis: After climbing an impressive 18% last year and 20% the year before, the DAX has made a decent start to the new year, up a good 2.2% year-to-date. But it is early days and with valuations looking a little stretched and the economy not doing so well, we could see correction first before the market resumes higher.
EUR/USD, FTSE Forecast: Two trades to watch
EUR/USD rises on trade tariff doubts & ahead of EZ CPI data. FTSE falls as house prices fall and Next raises profit guidance.
Crude Oil Forecast: Spotlight on China
Crude Oil Forecast: Crude oil trends entered 2025 on a positive note, driven by holiday traffic and China’s commitments to economic stimulus and rising oil demand expectations. Despite Trump’s bearish oil agenda, China’s economic metrics remain a focal point in 2025, following its significant contribution to OPEC’s supply quota restrictions in 2024.
How futures traders were positioned at the end of 2024: COT report
Commodity currencies continued to feel the heat of the Trump trade, while asset managers stepped away from stocks in a month usually associated with strong gains. Gold seems likely to remain supported in the current environment, but for now we seem to be in a holding pattern waiting for fresh catalysts to kick off 2025.
A Tops Down Technical Look at the USD After Largest Quarterly Gain Since 2015
Last quarter was the largest quarterly gain for DXY since Q1 of 2015, and the third largest quarterly gain for the Dollar index in the past 30 years.
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