EUR/USD (Euro to US Dollar)
Fundamental Perspective
Last week, EUR/USD touched the 1.0900 level, marking a rebound from the 1.0680 opening. The surge was fueled by softer US inflation data, weakening the USD and bolstering the EUR. Risk-on sentiment prevailed, diverting attention from Fed rate hike concerns temporarily.
Technical Perspective
- Weekly Chart: Broke above the 20 EMA dynamic level, closing with a strong bullish candle after rebounding from 1.0500 support.
- Daily Chart: Momentum remains bullish. A close above 1.0945 could propel prices toward 1.1095.
- Bearish Scenario: Rejection at 1.0945 may push prices down to 1.0750.
GBP/JPY (British Pound to Japanese Yen)
Fundamental Perspective
GBP/JPY retreated from 188.30 (2015 highs) to 186.80 amid weaker UK inflation data and cautious risk sentiment. BoE rate cut expectations weighed on the GBP, while JPY gained as a safe-haven asset.
Technical Perspective
- Weekly Chart: Rejected at 186.70 resistance; a bearish close suggests potential pullback.
- Daily Chart: Holding above 20 EMA. A rebound from this level toward 190.00 is possible if 186.70 is reclaimed.
- Bearish Scenario: A break below 20 EMA may target 183.70.
NAS100 (Nasdaq 100 Index)
Fundamental Perspective
Tech sector resilience and earnings reports have buoyed NAS100. Traders should monitor Fed communications and economic indicators for directional cues.
Technical Perspective
- Weekly Chart: Rejected at 15,930 resistance but retains bullish bias.
- Daily Chart: A close above 15,930 could drive prices to 16,400.
- Bearish Scenario: Breaking pin bar lows may test 15,335 support.
SPX500 (S&P 500 Index)
Fundamental Perspective
The index rallied 9% in three weeks amid Fed pause expectations. Focus shifts to PayPal/Etsy earnings and FOMC minutes.
Technical Perspective
- Weekly Chart: Faces resistance at 4,531 but holds above 20 EMA.
- Daily Chart: Break above 4,531 may target 4,610.
- Bearish Scenario: A drop below 4,495.70 could revisit 4,400.
HK50 (Hang Seng Index)
Fundamental Perspective
HK50 shows resilience despite geopolitical tensions. Monitor China-US relations and sector-specific developments.
Technical Perspective
- Weekly Chart: Bearish momentum persists below 20 EMA.
- Daily Chart: Close above 20 EMA may target 18,040.
- Bearish Scenario: Rejection at 18,040 could retest 17,125.
Bitcoin (BTC/USD)
Fundamental Perspective
BTC nears $38K amid ETF approval speculation. A January 10 decision could trigger volatility.
Technical Perspective
- Weekly Chart: Rejected at $38K but retains bullish momentum.
- Daily Chart: Hold above 20 EMA supports a rally toward $44K.
- Bearish Scenario: Break below 20 EMA may test $31,800.
Ethereum (ETH/USD)
Fundamental Perspective
ETH tests $1,935 support. A hold could lead to $2,136 (+10%); a break may target $1,753.
Technical Perspective
- Weekly Chart: Rejected at $2,142 but holds above 20 EMA.
- Daily Chart: Close above 20 EMA may retest $2,142.
- Bearish Scenario: RSI suggests potential drop to $1,755.
Tesla Stock (TSLA)
Fundamental Perspective
Key week for TSLA with focus on production updates and supply chain dynamics.
Technical Perspective
- Weekly Chart: Rejected at $246.90 but trendline support holds.
- Daily Chart: Break above $246.90 may target $268.50.
- Bearish Scenario: Drop below $226.40 could test trendline.
Gold (XAU/USD)
Fundamental Perspective
Gold rebounds, eyeing $2,000 amid USD weakness.
Technical Perspective
- Weekly Chart: Strong bullish close above 20 EMA.
- Daily Chart: Break above order block may target $2,040.
- Bearish Scenario: Pin bar breakdown could retest $1,933.
Crude Oil (WTI)
Fundamental Perspective
Demand concerns and oversupply pressure prices, though a bounce from $72.50 support is likely.
Technical Perspective
- Weekly Chart: Bearish below 20 EMA but $72.50 support holds.
- Daily Chart: Rebound toward $80.60 possible.
- Bearish Scenario: Break below $72.50 may target $67.00.
FAQ Section
Q: What drives EUR/USD volatility?
A: US inflation data and Fed policy shifts are key catalysts.
Q: Why is GBP/JPY falling?
A: Weak UK inflation and safe-haven JPY demand pressure the pair.
Q: Will NAS100 continue rallying?
A: Yes, if tech earnings remain strong and Fed stays cautious.
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Disclaimer: This analysis is for educational purposes only and not investment advice.
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