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U.S Dollar Fundamental Analysis for Fri Aug 18th, 2023The dollar index eased to around 103.2 on Friday but was still on track to advance for the fifth straight week, as minutes of the Federal Reserve’s July meeting showed that policymakers stressed that upside risks to inflation remain, leaving the door open to further policy tightening. However, some participants flagged the economic risks of pushing rates too far, emphasizing that future rate decisions would depend on incoming data. The latest data also showed that the number of Americans filing new claims for unemployment benefits fell last week, pointing to continued tightness in the labor market. The dollar is set to gain against most major currencies this week but remains down against sterling as key measures of price growth monitored by the Bank of England failed to ease in July. The yield on the 10-year Treasury slid to 4.22% on Friday after rising to as high as 4.328% in the previous session, the highest since October 2022 and just a tad below its highest level since 2007. The fluctuation is due to investor concerns about the economic impact of high interest rates. The Federal Reserve's meeting minutes from July highlighted that there are still risks of higher inflation, suggesting the possibility of more tightening of monetary policy. Despite recent data indicating a decrease in inflationary pressures, a strong US economy and a robust job market are reasons supporting the continuation of high interest rates. The average rate on a 30-year fixed mortgage jumped by 13 basis points from the previous week to 7.09%, the highest since 2002, as the hawkish outlook for the Federal Reserve underpinned expensive mortgage rates for American consumers. A year ago, the 30-year fixed mortgage rate was 5.13%. "The economy continues to do better than expected, and the 10-year Treasury yield has moved up, causing mortgage rates to climb," said Sam Khater, Freddie Mac’s Chief Economist. "The last time the 30-year fixed-rate mortgage exceeded seven percent was last November. Demand has been impacted by affordability headwinds, but low inventory remains the root cause of stalling home sales." Source: Freddie Mac
TVC:DXYLong
by TayFx
17082023 - #DAXYesterday, market rallied as per my level to the exact resistance () and held there for like hours before it finally faltered. TBH when US indices made a dip and rallied, DAX was rather strong and thus was expecting a possible move to the upside. But instead it just ranged and eventually faltered on FOMC meeting minutes. With yesterday's down move, price is overextended, in terms of price action. and there is a bullish divergence on H4. IMO, bearish as it is, it is possible to try another long if market reclaims 15685 (support but now as resistance). Will be watching that level for a possible move to BZ and maximum yesterday's high near 15801 and possibly that is all for the safe upside for a possible down to 15589 next. If market just continue to go down, 15517 is good for a long. And just to say here, yesterday's SPY option point to a possible close of SPY at 445 or even higher but we got the sell. Could w really close at 445? It all depends on today.
OANDA:DE30EUR
by FadeMeIfYouCan
DAX Found Support on the Megaphone's Higher Lows.DAX is on the 8th straight sideways 1D candle as it found Support on the bottom (Higher Lows trend-line) of the long-term Bullish Megaphone pattern. The 1D MA50 (blue trend-line) is the short-term Resistance while the price is trading around the 1D MA100 (green trend-line) as pivot. We are bullish, targeting the Internal Higher Highs trend-line at 17000, as long as the Megaphone's bottom holds. The bullish extension may be even higher considering the fact that the medium-term pattern could be an Inverse Head and Shoulders (IH&S) that technically targets the 2.0 Fibonacci extension at 17400. If however the price breaks below the Higher Lows trend-line, we will short-term sell targeting the 1D MA200 (orange trend-line) where a 1D candle close below it, would justify a bearish extension to Support 2 at 14470. For now the trend remains bullish, as illustrated by the 1D RSI also which is on an 8-month Support Zone. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:DE40
by TradingShot
Stock Index Review...Key Levels you need to watch!!We take a look at the Daily charts and price action on our Key Indexes. It is important to have a longer term view of the price action and risk levels on the key markets so we will discuss our major markets and what we are looking for in the video. We take a look at the following Key Indexes:- Nasdaq, DOW, DAX, FTSE, ASX200, Hang Seng and the Nikkei. *** Feel free to take a look at our profile page and Please Follow for more content *** *** Please Leave a Like and Comment if you enjoyed this video ***
TVC:NI225
by ReverseRetail
DAX to break to the upside?GER40 - 24h expiry A break of bespoke resistance at 16000, and the move higher is already underway. Trading close to the psychological 16000 level. 16000 has been pivotal. Prices have reacted from 15704. Daily signals are bullish. The bias is to break to the upside. We look to Buy a break of 16013 (stop at 15913) Our profit targets will be 16263 and 16313 Resistance: 16000 / 16100 / 16200 Support: 15900 / 15830 / 15704 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
OANDA:DE30EURLong
by OANDA
SAP SE: A Mid- to Long-Term InvestmentSAP SE: A Mid- to Long-Term Investment SAP SE SAP SE is a German multinational software corporation that develops enterprise software. It is the world's largest independent software vendor by revenue. SAP's products are used by businesses of all sizes in over 180 countries. Capitalization SAP's market capitalization is approximately $170 billion. The company is listed on the Frankfurt Stock Exchange and the New York Stock Exchange. Current and Future Projects SAP is currently investing heavily in cloud computing and artificial intelligence. The company's cloud revenue is growing rapidly, and it is developing new products and services that use artificial intelligence to automate business processes and improve decision-making. Some of SAP's current and future projects include: SAP S/4HANA Cloud: This is SAP's flagship cloud-based enterprise resource planning (ERP) system. It is designed to help businesses of all sizes transform their operations and become more agile. SAP Leonardo: This is SAP's suite of artificial intelligence (AI) solutions. It helps businesses to automate processes, improve decision-making, and make better use of data. SAP Business Network: This is SAP's platform for connecting businesses with their customers, suppliers, and partners. It helps businesses to collaborate more effectively and improve their supply chain efficiency. Stock Rating I would rate SAP shares as a Strong Buy for the mid- to long-term. The company has a strong track record of financial performance, growth opportunities, and a strong brand. It is also well-positioned to benefit from the growth of the cloud computing and artificial intelligence markets. However, there are some risks to consider before investing in SAP shares. These include: Competition: SAP faces competition from other large enterprise software companies, such as Oracle and Microsoft. Technology risk: SAP's business depends on its software products. If the company is not able to keep up with the latest technologies, it could lose market share to its competitors. Geopolitical risk: SAP operates in many countries around the world. If there is a political crisis in any of these countries, it could disrupt the company's operations and its share price. Overall, I believe that SAP shares are a good investment for investors who are looking for a company with a strong track record of financial performance, growth opportunities, and a strong brand. However, investors should be aware of the risks associated with investing in enterprise software stocks. Conclusion SAP is a well-established company with a strong track record of financial performance. It is also well-positioned to benefit from the growth of the cloud computing and artificial intelligence markets. I believe that SAP shares are a good investment for the mid- to long-term. However, investors should be aware of the risks associated with investing in enterprise software stocks. Risk Warning Trading stocks and options is a risky activity and can result in losses. You should only trade if you understand the risks involved and are comfortable with the potential for losses. Rating: Strong Buy Risk Disclaimer! The article and the data is for general information use only, not advice! The Trade Academy Team - The Professional Trader Risk Disclaimer! General Risk Warning: Trading on the Financial Markets, Stock Exchange and all its asset derivatives is highly speculative and may not be suitable for all investors. Only invest with money you can afford to lose and ensure that you fully understand the risks involved. It is important that you understand how Trading and Investing on the stock exchange works and that you consider whether you can afford the high risk of loss.
NYSE:SAPLong
by TheTrade_Academ
DAX40 Will Rise much more HigherAs predicted some time ago DAX 40 broke 16300 Now.... I have marked the next levels for you Use proper stop European stocks rose on Thursday, and Germany's DAX 40 index climbed nearly 1% to touch its highest level since January 2022, driven by the optimism surrounding the potential breakthrough in US debt ceiling talks, with expectations that a resolution could be reached as early as the upcoming weekend. In notable corporate news, Deutsche Bank reached an agreement to pay $75 million to settle a lawsuit filed by women who alleged they were victims of abuse by the late financier Jeffrey Epstein, and accused the German bank of facilitating his sex trafficking. Meanwhile, luxury fashion brand Burberry reported a notable 16% increase in Q4 comparable store sales, while Royal Mail posted an annual adjusted operating loss of £419 million, which surpassed market expectations. Additionally, telecommunications company BT Group announced plans for up to 55,000 job cuts, despite reporting a 5% rise in full-year adjusted core earnings.
CAPITALCOM:DE40Long
by DaveBrascoFX
7
DAX40 hourly breakdownWith the DAX making all time highs and now creating new levels of support, the best we can do is work with previous levels. When an instrument is making ATH's it is difficult to chart exactly where the next level of resistance will be, as it is all untested area and it's up to the market to decide just how overbought it really is before we can move down. Looking at the DAX40 we can see several levels of strong support that may act as resistance in the future, such as the 16332.4 level which was the resistance created 2 months ago and is now acting as current support. Should we close blow this level, there is a no trade range that would be best to avoid purely due to price action potentially catching us out. Closure below 16267.2 would be great for sells, as there is a clean range below here and typically in the past when price has closed below this level price moves down towards 16242 and 16196.
D
by FriesianFX
Deutsche Bank: Strong outlook 💪 Having completed the green wave B with its high in the last week of July, Deutsche Bank is now in a small correction that will complete the orange wave ii. Once this correction is over, our primary scenario is for a strong uptrend to break through resistance at 14.63€. If the price continues to fall, our alternative will be activated. According to this scenario, to which we assign a 35% probability, the price would move into our green target zone between 8.34€ and 5.60€, from where strong gains would also be imminent.
XETR:DBKLong
by MarketIntel