Here are today's directional views from the global research desks of Ventura Prime FX! These are starting points for your own research to identify opportunities that make sense for you.
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| DAILY NEWS BRIEF - MARKET OUTLOOK |
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| Here are today's directional views from the global research desks of Ventura Prime FX! These are starting points for your own research to identify opportunities that make sense for you. |
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Market Wrap: Stocks, Bonds, Commodities |
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On Monday, U.S. stocks climbed to record levels:
Dow Jones +86 points (+0.17%) to 49,590 (record close)
S&P 500 +10 points (+0.16%) to 6,977 (record close)
Nasdaq 100 +21 points (+0.08%) to 25,787
Stock investors seemed not bothered by the U.S. government’s threat to indict Federal Reserve Chair Jerome Powell over comments to Congress about a building renovation project.
Alphabet (GOOGL) +1.00%, marking a record close of 331.86 dollars, with its market capitalization surpassing 4 trillion dollars.
Apple (AAPL) said it will use Google’s Gemini artificial intelligence models for an upgraded Siri. Also, Walmart (WMT) announced a partnership with Google’s Gemini.
Walmart (WMT) +3.00% as it was announced that the retailer will join the Nasdaq 100 Index on January 20.
Financial stocks were pressured by U.S. President Donald Trump's call for a 10% cap on credit-card interest rates:
JPMorgan Chase (JPM) -1.27%
Citigroup (C) -2.98%
American Express (AXP) -4.27%
Visa (V) -1.88%
Mastercard (MA) -1.61%
The U.S. 10-year Treasury yield +1.6 basis point to 4.185%.
European stock markets closed mixed:
DAX 40 +0.57%
CAC 40 -0.04%
FTSE 100 +0.16%
Gold price ran up to an all-time high of 4,630 dollars an ounce, and silver also touched a record high of 85.17 dollars an ounce.
U.S. WTI crude futures +0.38 dollar to 59.50 dollars a barrel, posting a three-session rally.
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The U.S. dollar index halted a four-session rally, falling to 98.88. The U.S. government’s action against Fed Chair Jerome Powell raised concerns about the central bank’s independence and the dollar’s outlook.
EUR/USD +30 pips to 1.1667.
USD/JPY +28 pips to 158.16.
GBP/USD +64 pips to 1.3463, AUD/USD +30 pips to 0.6714.
USD/CHF -38 pips to 0.7973, USD/CAD -39 pips to 1.3874.
Bitcoin regained the level of 91,000 dollars.
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Please note that due to market volatility, some of the key levels may have already been reached and scenarios played out. |
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| Gold Intraday: caution. |
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| Pivot: |
| 4578 |
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| Our preference: |
| Long positions above 4578 with targets at 4615 & 4630 in extension. |
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| Alternative scenario: |
| Below 4578 look for further downside with 4550 & 4515 as targets. |
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| Comment: |
| Investors have to remain cautious since these levels may trigger profit taking. |
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| USD/JPY Intraday: further advance. |
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| Pivot: |
| 157.95 |
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| Our preference: |
| Long positions above 157.95 with targets at 158.80 & 159.10 in extension. |
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| Alternative scenario: |
| Below 157.95 look for further downside with 157.65 & 157.35 as targets. |
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| Comment: |
| The RSI is bullish and calls for further upside. |
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| EUR/USD Intraday: turning down. |
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| Pivot: |
| 1.1680 |
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| Our preference: |
| Short positions below 1.1680 with targets at 1.1645 & 1.1630 in extension. |
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| Alternative scenario: |
| Above 1.1680 look for further upside with 1.1700 & 1.1715 as targets. |
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| Comment: |
| The RSI shows downside momentum. |
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| Dow Jones (CME) (H6) Intraday: look for 50020. |
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| Pivot: |
| 49590 |
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| Our preference: |
| Long positions above 49590 with targets at 50020 & 50230 in extension. |
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| Alternative scenario: |
| Below 49590 look for further downside with 49450 & 49340 as targets. |
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| Comment: |
| The next resistances are at 50020 and then at 50230. |
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| S&P 500 (CME) (H6) Intraday: watch 7034. |
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| Pivot: |
| 7000 |
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| Our preference: |
| Long positions above 7000 with targets at 7034 & 7048 in extension. |
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| Alternative scenario: |
| Below 7000 look for further downside with 6988 & 6973 as targets. |
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| Comment: |
| The break above 7000 is a positive signal that has opened a path to 7034. |
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| GBP/USD Intraday: the upside prevails. |
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| Pivot: |
| 1.3435 |
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| Our preference: |
| Long positions above 1.3435 with targets at 1.3485 & 1.3505 in extension. |
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| Alternative scenario: |
| Below 1.3435 look for further downside with 1.3415 & 1.3390 as targets. |
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| Comment: |
| The next resistances are at 1.3485 and then at 1.3505. |
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| Silver Intraday: intraday support around 83.20. |
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| Pivot: |
| 83.20 |
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| Our preference: |
| Long positions above 83.20 with targets at 85.40 & 86.15 in extension. |
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| Alternative scenario: |
| Below 83.20 look for further downside with 82.30 & 81.00 as targets. |
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| Comment: |
| Investors have to remain cautious since these levels may trigger profit taking. |
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| Crude Oil (WTI) (H6) Intraday: target 60.90. |
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| Pivot: |
| 58.90 |
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| Our preference: |
| Long positions above 58.90 with targets at 60.10 & 60.90 in extension. |
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| Alternative scenario: |
| Below 58.90 look for further downside with 58.35 & 57.90 as targets. |
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| Comment: |
| The RSI is above its neutrality area at 50%. |
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TRADING FOREIGN EXCHANGE ON MARGIN CARRIES A HIGH LEVEL OF RISK AND MAY NOT BE SUITABLE FOR ALL INVESTORS.
THE POSSIBILITY EXISTS THAT YOU COULD SUSTAIN A LOSS OF SOME OR ALL OF YOUR INITIAL INVESTMENT AND THEREFORE YOU SHOULD NOT INVEST MONEY THAT YOU CANNOT AFFORD TO LOSE.
THE HIGH DEGREE OF LEVERAGE CAN WORK AGAINST YOU AS WELL AS FOR YOU. BEFORE DECIDING TO TRADE FOREIGN EXCHANGE OR CFD’S YOU SHOULD CAREFULLY CONSIDER YOUR INVESTMENT OBJECTIVES, LEVEL OF EXPERIENCE, AND RISK APPETITE.
YOU SHOULD BE AWARE OF ALL THE RISKS ASSOCIATED WITH FOREIGN EXCHANGE AND OTHER CFD TRADING, AND SEEK ADVICE FROM AN INDEPENDENT FINANCIAL ADVISOR IF YOU HAVE ANY DOUBTS. VPFX RECOMMENDS READING THE RISK DISCLOSURE SECTION OF THE PROSPECTUS FOR ANY FINANCIAL PRODUCT MENTIONED.
VPFX is the trading name for Ventura Prime FX Limited with registration number LL16224 registered in Labuan F.T., Malaysia.
Ventura Prime FX Limited is authorised and regulated by the Labuan Financial Services Authority (LFSA). Registered Address:Kensington Gardens, No U1317, Lot 7616, Jalan Jumidar Buyong, 87000 Labuan Federal Territory, Malaysia
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