Trust Capital professional market research team updates clients on important and up to date economic events and daily newsletter. This newsletter includes important news and trend information as well as commentary and market summaries all geared towards optimizing your online trading and investment.
At about 1.1530 on Tuesday during Asian hours, E uro continues to rise for the third straight session. The pair is rising within an ascending channel pattern, according to the technical analysis of the daily chart, which also indicates increasing purchasing pressure .
Pivot Point | 1.1540 | ||
Resistance Levels | 1.1590 | 1.1660 | 1.1730 |
Support Levels | 1.1450 | 1.1380 | 1.1320 |
During Tuesday's early Asian session, the GBP/USD pair is trading in positive territory at 1.3370. The US dollar declines and creates a tailwind for a key pair due to worries about the Federal Reserve's (Fed) independence and fears of a U.S. slowdown .
Pivot Point | 1.3400 | ||
Resistance Levels | 1.3450 | 1.3520 | 1.3590 |
Support Levels | 1.3310 | 1.3240 | 1.3170 |
As U.S. President Donald Trump intensified his attacks on Federal Reserve Chair Jerome Powell on Monday, U.S. markets saw sharp declines, raising concerns among investors about the independence of the central bank even as they deal with the fallout from Trump's ongoing, unpredictable trade war .
Pivot Point | 38,400 | ||
Resistance Levels | 38,600 | 38,800 | 39,000 |
Support Levels | 38,200 | 38,000 | 37,800 |
As markets remained cautious amid global economic uncertainty fuelled by U.S. trade tariffs and President Trump's plans to restructure the Federal Reserve, oil prices rebounded from a steep 2% decline in Asian trading on Tuesday .
Pivot Point | 62.80 | ||
Resistance Levels | 65.00 | 67.00 | 69.00 |
Support Levels | 61.00 | 59.00 | 57.00 |
Tuesday's Asian trading saw the price of gold close in on the $3,500 level as it continues to build on its record run. Due to Trump's attacks on Fed Chairman Powell and the lack of faith in the US dollar, investors are still fleeing to shelter in the traditional store of value, the price of gold .
Pivot Point | 3,480 | ||
Resistance Levels | 3,500 | 3,515 | 3,530 |
Support Levels | 3,460 | 3,445 | 3,430 |
(All times is GMT)
Time | Currency | Events | Forecast | Previous |
2:00pm | EUR | ECB President Lagarde Speaks | | |
2:00pm | USD | Richmond Manufacturing Index | -6 | -4 |
Trade The Markets With Trust