ftdsystem

ftdsystem 17 hours ago

Palo Alto Networks (PANW) has technically formed a pattern similar to its 2019–2021 flat period. Back then, after two tops (points 1 and 2) and a sharp bear trap breakdown below the current range (point 3), PANW retested the upper side of the range once more (point 4), which was followed by a massive breakout. From point 3 to the top, PANW rallied 361.8% of the...

ftdsystem Updated  18 hours ago

ATI broke out above the key $67.35 resistance level in early May and is now attempting to consolidate its recent surge. While the stock has nearly reached the consensus analyst price target—suggesting limited near-term upside—the recent Middle East visit by Trump may have changed the outlook. ATI is a U.S.-based specialty materials and components manufacturer,...

ftdsystem 20 hours ago

With tariffs and Middle East escalation in focus, central banks have somewhat fallen to the backstage recently. But today’s FOMC meeting might change that. The federal funds rate upper band is most likely to stay at 4.50% with a unanimous vote. However, today’s focus will not be on the interest rate itself but rather on the dot plot and updated economic...

ftdsystem Updated  Jun 17

Silver recently broke out above the key 34.85 resistance level, and this could be a game changer for the medium-term outlook. With rising concerns over government debt, trade uncertainty, and escalating geopolitical risks, gold rallied strongly from 2000 to 3500. Gold and silver typically have a high correlation, and silver tends to follow gold. However, during...

ftdsystem Jun 16

Bitcoin is break above the key 106350 resistance and continues to rise. As long as BTC stays above this level, short-term bullish outlook remains intact. The biggest risk for crypto right now is its correlation with the stock market. With the July 9 tariff deadline approaching and the Israel–Iran conflict raising broader market and oil price risks, a potential...

ftdsystem Jun 13

EURUSD attempted to break the upper line of the trend channel yesterday, but with the start of the Israeli attack, a quick selloff followed. Rising geopolitical risks typically increase demand for U.S. debt and the dollar. As a result, EURUSD’s rally is facing short-term bearish pressure. The first key support level at 1.1495 is being tested. If it holds, there is...

ftdsystem Updated  Jun 12

Brent crude oil is holding steady around the $60 level, even after OPEC announced another 411,000 barrels per day increase in output, following similar hikes in May, June and smaller one in April. This latest adjustment comes at a time when global economic slowdown concerns are rising, making the decision a risky one. Although the main reason points to...

ftdsystem Jun 12

Gold begins the new day on a bullish note following escalating developments in the Middle East. Yesterday, markets were focused on the US–China deal. Although an agreement was reached, tariffs but overall trade tensions remain elevated. Combined with the lower-than-expected core CPI, gold mostly moved sideways, apart from intraday noise. However, this could change...

ftdsystem Updated  Jun 12

Silver is testing the 34.85 level, a critical resistance both in the short and long term. Since 2013, a cup and handle formation has developed just beneath this level. A confirmed breakout could signal sustained long-term bullish momentum. Supporting this outlook, the gold/silver ratio has recently shown a decisive tilt in gold's favor, reaching historically...

ftdsystem Updated  Jun 11

Dollar index trading in a tight range ahead of the CPI data. US inflation is expected to rise by 0.1% on a yearly basis for both headline and core figures, reaching 2.4% and 2.9% respectively. Markets expect some of the effects of tariffs to begin showing up in this data. There are both downside and upside risks to the release, but in our view, a slightly...

ftdsystem Jun 11

Gold is trying to move upward on the intraday chart, building on the last top. If the 3340–3342 zone holds, a move toward 3360 could begin today. For now, it’s still a touch-and-go situation. A tame US-China deal, and higher inflation data expectations for today causing this bullish pressure.

ftdsystem Jun 10

EURUSD tests 1.1438–1.1440 resistance despite optimism about the US–China deal. As long as this level holds, the horizontal move between this resistance and 1.1375 may continue. Keep an eye on news coming out of London.

ftdsystem Jun 6

Today’s non-farm payroll (NFP) expectation is 126k, and the unemployment rate is expected to remain steady at 4.2%. Throughout the month, employment data has been weak. Both initial jobless claims and continuing claims have increased, and the ADP report also came in low. The only partial strength was seen in last month’s JOLTS job openings data, but even that can...

ftdsystem Jun 4

The S&P 500 is showing signs of contraction just below the key 6000 level. The ADP employment report, which revealed the slowest pace of hiring since March 2023, has raised some concern among investors. Whether this weak labor data will significantly impact the broader stock market remains to be seen. Tariff effects appear to be gradually surfacing, first in...

ftdsystem Jun 2

In our earlier post titled “Bears Won the Battle for Gold”, the bearish momentum appeared dominant. However, that victory proved short-lived. A inverse head and shoulders pattern has now formed, and both this pattern and the downward trendline from the 3500 top have been broken. Despite this, the previous high at 3366 continues to hold, leaving the breakout...

ftdsystem May 29

Ethereum is attempting to break out of an ascending triangle, supported by the recent U.S. tariff court ruling that came just hours ago. The 2740–2756 zone remains key, and despite a brief spike above, resistance is still holding. If a breakout is confirmed, the next major target lies at 3075. To reach that level, a new trend channel may form, potentially running...

ftdsystem Updated  May 29

EURUSD is sitting on the 200-hour simple moving average after failing to break the 1.1425 resistance. The implementation and then postponement of the proposed 50% tariffs on Europe added to short-term volatility. Formal trade talks between the EU and US are expected to begin soon. A green trend channel has now formed, with previously tested key support and...

ftdsystem May 28

Silver has been contracting over the last couple of days. While the gold/silver ratio remains at historically high levels, ongoing risks in global trade and manufacturing provide strong justification for this imbalance. In the short term, unless XAGUSD breaks above the 33.45 resistance, the direction may remain to the downside. The 200-hour moving average—often...