Emini Dow Jones trying a break above the 24930/937

Jason Sen DayTradeIdeas.co.uk

S&P September Contract

Emini S&P TOPPED EXACTLY AT resistance at 2800/02. As stated yesterday, we are still in a bull trend so a break higher today targets 2809/10, 2813/14 & perhaps as far as 2818/19 in to next week.

Support at 2797/92 should now hold the downside but a break lower risks a slide to 2785/83. We should see a bounce from here.

Emini Dow Jones September Contract

Emini Dow Jones trying a break above the 24930/937 high to target 25000/020 & 25090/099.

Failure to hold above 24940/930 risks a slide to 24860/850. The downside is expected to be limited but below here targets 24805/800. Look for a buying opportunity at 24720/700, with stops below 24650.

Author

Jason Sen

DayTradeIdeas.co.uk

EUR/USD flat lines below 1.1900; divergent Fed-ECB expectations offer support

The EUR/USD pair struggles to capitalize on the overnight bounce from the 1.1835-1.1830 region and oscillates in a narrow band during the Asian session on Thursday. Spot prices currently trade around the 1.1875 area, remaining nearly unchanged for the day and staying within striking distance of an over one-week high, reached on Tuesday, amid mixed cues.

GBP/USD slips heading into the Thursday trading window

The Pound Sterling pulled back from four-year highs on Wednesday, weighed down by a combination of Bank of England dovishness and UK political uncertainty, even as the US Dollar weakened on soft labor market revisions.

Gold posts modest gains above $5,050 as US-Iran tensions persist despite strong labor data

Gold price trades in positive territory near $5,060 during the early Asian session on Thursday. The precious metal edges higher despite stronger-than-expected US employment data. The release of the US Consumer Price Index inflation report will take center stage later on Friday.

Bitcoin holds steady despite strong US labour market

Bitcoin briefly bounced from $66,000 to above $68,000 but slightly reversed those gains following Wednesday's US January jobs report. The top crypto is hovering around $67,000, down 2% over the past 24 hours as of writing on Wednesday.

The market trades the path not the past

The payroll number did not just beat. It reset the tone. 130,000 vs. 65,000 expected, with a 35,000 whisper. 79 of 80 economists leaning the wrong way. Unemployment and underemployment are edging lower. For all the statistical fog around birth-death adjustments and seasonal quirks, the core message was unmistakable. The labour market is not cracking.

XRP sell-off deepens amid weak retail interest, risk-off sentiment

Ripple (XRP) is edging lower around $1.36 at the time of writing on Wednesday, weighed down by low retail interest and macroeconomic uncertainty, which is accelerating risk-off sentiment.