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Vantage Global

18 Oct, 09:42

Chart of the Day – Dollar riding high

18 October 2024

👉🏽 The "Trump trade" and talk of a Republican sweep are boosting the USD, reducing expected December FOMC rate cuts from 50bps to 43bps.
👉🏽 The Dollar Index has gained for seven consecutive days, breaking through the 50% recovery level at 103.34, with the 200-day SMA at 103.77, a streak not seen since April 2022.
👉🏽 The next upside level is the 61.8% mark at 104.08. Prices are overbought on the daily RSI and outside the upper Keltner band, so warning of a correction.
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Vantage Global

17 Oct, 08:18

Chart of the Day – EUR/USD looking to help from Lagarde

17 October 2024

👉🏽 If President Lagarde bats away suggestions of a prolonged series of rate cuts by the ECB, the euro might find some love. It desperately needs some as it has been in virtual freefall since struggling to break above serious resistance around 1.12.
👉🏽 Four back-to-back rate reductions were priced in by markets at the start of the week.
👉🏽 A ‘hawkish cut’ might slow the downtrend with prices needing to get above 1.0935 and t 1.0974 to spark a rebound. But a more dovishness bias would see 1.0832 and 1.08 challenged.
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Vantage Global

16 Oct, 07:24

Chart of the Day – GBP/USD forming a base?

16 October 2024

👉🏽 Markets assign around an 80% chance of a 25bps cut at that meeting, so there is still a bit of room for dovish repricing.
👉🏽 Decent support sits around 1.30 in GBP/USD. However, a hot CPI release would provide ammunition to the more cautious hawks on the MPC and could set markets up for another split vote next month.
👉🏽 A major Fib retracement level (38.2%) of the April to September rally sits at 1.2995. The mid-September low is 1.3001, reinforcing this support zone.
👉🏽 If a base isn’t forming here, then we could see 1.2862 relatively quickly with the 100-day SMA at 1.2948 near-term support.
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Vantage Global

15 Oct, 06:45

Chart of the Day – EUR/GBP nearing big support

15 October 2024

👉🏽 With the ECB meeting on Thursday, EUR/GBP will be in the crosshairs.
👉🏽 The long-term low from August 2022 at 0.8339 has acted as strong support already in recent weeks but prices are closing in on this once more after the cross spiked higher above 0.8430 at the start of the month.
👉🏽 If we do lose the October low at 0.8310, next downside levels are 0.8294 and then 0.8202.
👉🏽 A big rebound, possibly on a less dovish ECB and softer UK data, needs to move above 0.8433 and the 100-day SMA at 0.8444 to slow the downtrend.
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Vantage Global

14 Oct, 09:30

Chart of the Day – USD/CAD due some consolidation

14 October 2024

👉🏽 Pricing for the BoC’s decision on October 23 was reined in after the strong US jobs report.
👉🏽 Market expectations shifted from over 80% chance of a 50bps cut to about 60% odds.
👉🏽 Seven straight days of gains are pushing prices closer to overbought territory.
👉🏽 A Fib level (61.8%) of the August/September downtrend sits at 1.3751.
👉🏽 Next support is at the midpoint of the August down move at 1.3691. A bull target above is 1.3846, the top from April.
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Vantage Global

14 Oct, 09:20

Channel name was changed to «Vantage Global»
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Vantage Global

02 Jan, 04:00

Let's start the New Year right and explore advanced trading strategies from our trading experts. ✨

Highlights of this week:
· Trade Management (3/4): Idea Invalidation
· What Are Indices Heading in 2024?
· London Live Analysis Session
· Introduction to Pivot Points for Beginners

Download and tune in to the Vantage all-in-one trading app 👉 http://tinyurl.com/4bxejf6t
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Vantage Global

28 Dec, 09:00

Explore 2023's pivotal moments, from AI breakthroughs to major US bank collapses and surging oil prices. 📈 📰

Read more about it here 👉 http://tinyurl.com/4efd795y
4,225
Vantage Global

26 Dec, 09:00

✨🚀 Wrapping up 2023: A rollercoaster of challenges, unexpected turns, and lessons learned. Here's a look back at the highs and lows.

How many of these events are you aware of?

#2023Wrap #VantageMarkets
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