Daily Forex Trading News from Valutrades

US30 - Remains Under Resistance at 30000 as Economic Outlook ‘extraordinarily uncertain’

on December 2, 2020 | By Stuart McPhee | US30

In the last few weeks the US30 index has applied lots of pressure on the key 30000 level which has stood up and resisted prices firmly keeping the index below this level for the most part. This has happened especially in the last week where every day the index has moved to 30000 attempting to push through, although it has been able to move through to a new all time high. During this time it has also been well supported by the 29000 level. In the last three weeks it has traded above this key level in a range up to 30000 and three weeks ago, the US30 index made its first run towards 30000 and in doing so, smashed through resistance at 29000, which has applied downward pressure on the index for some time. In that initial surge higher, it also pushed strongly through 27000 and 28000 which have play a significant role in the price action of the US30 in the last few months. Having supported prices for the last three weeks, the 29000 will be expected to continue to prop up the index.

WTI & Brent Crude Consolidating Ahead of OPEC Meeting

on December 1, 2020 | By Brad Alexander | USDCHF, XAUUSD, UKOil, US30, Gold, USOil, WTI, OPEC, Technical Analysis, AUDJPY, Ascending Triangle, Brent Crude, Stochastic Oscillator, Dow Jones

Welcome to this week’s Market Blast Technicals where we will look at AUDJPY, USDCHF, Gold (XAUUSD), the Dow Jones Industrial Average (US30), WTI (US Oil) and Brent Crude (UK Oil).

Wall Street - Time to “Buy the Dip”?

on November 30, 2020 | By Brad Alexander | EURUSD, DJIA, USDCHF, Market Blast Videos, US30, EURGBP, USOil, WTI, Fundamental Analysis, AUDNZD

Welcome to this week’s Market Blast Fundamentals where we will look at WTI (US Oil), EURGBP, AUDNZD, EURUSD, USDCHF, and the Dow Jones Industrial Average (US 30).

Market Recap: 23 - 27 November

on November 30, 2020 | By Stuart McPhee | EURUSD, USDJPY, DJIA, UKOil, US30

On Tuesday last week we covered UK Oil which spent the remainder of the week continuing to push higher before easing a little. In the last week or so, UK Oil surged higher from support at the key $43 level moving to its highest level in nine months near $49. In the few days before the recent surge, it eased back to the $43 level and enjoyed some support. In the two weeks prior, UK Oil surged from its lowest level in five months below $36.50 back up to the key $43 level which has again provided stiff resistance before it was able to break through to above $45 before falling back sharply to $43.

US30 - Surges to Above 30000 as Janet Yellen Chosen for U.S. Treasury

on November 25, 2020 | By Stuart McPhee | DJIA, US30

In the last two days the US30 index has surged higher off the key 29000 level pushing to all time highs. In the last two weeks it has traded above this key level in a range up to 30000, however in the last day it has pushed to new highs. Two weeks ago, the US30 index made its first run towards 30000 and in doing so, smashed through resistance at 29000, which has applied downward pressure on the index for some time. In that initial surge higher, it also pushed strongly through 27000 and 28000 which have play a significant role in the price action of the US30 in the last few months. Having supported prices for the last two weeks, the 29000 will be expected to continue to prop up the index.

US Stimulus and Vaccine Hopes in Focus.

on November 23, 2020 | By Brad Alexander | EURUSD, DJIA, Market Blast Videos, US30, EURGBP, USOil, WTI, Fundamental Analysis, Crude Oil, Coronavirus, Dow Jones, US Stimulus

Welcome to this week’s Market Blast Fundamentals where we will look at EURGBP, EURUSD WTI (US Oil), and the Dow Jones Industrial Average (US30).

Market Recap: 16 - 20 November

on November 23, 2020 | By Stuart McPhee | AUDUSD, DJIA, GBPUSD, XAUUSD, US30, Gold

On Tuesday last week we covered the AUDUSD which spent the remainder of the week resting on the key level of 0.7250. This level has played a role for the last two weeks providing some support after having surged higher in the week prior through this level. Prior to the surge it had fallen sharply back down through support at the key 0.7050 level down to a three month low below 0.70, before rallying strongly. Having resisted prices so strongly, it was no surprise that the 0.7250 level stepped in and offered support once it was broken through so strongly.

US30 - Eases from Highs above 30000 as Fed Has Differing Views on Recovery

on November 18, 2020 | By Stuart McPhee | US30

In the last 24 hours the US30 index has eased away from new highs above 30000 after making another run at the 30000 level. In the last week, it has rested on and enjoyed support from the key 29000 level after having made its first run towards 30000 a week ago and in doing so, smashing through resistance at the key 29000 level, which has applied downward pressure on the index for some time now. In that initial surge higher, it also pushed strongly through 27000 and 28000 which have play a significant role in the price action of the US30 in the last few months. Having supported prices for the last week, the 29000 will be expected to continue to prop up the index. Prior to the surge, it had enjoyed strong support from 26000 which its most recent fall from the resistance at 29000, which allowed the index some support to rally back higher again.

Market Recap: 9 - 13 November

on November 16, 2020 | By Stuart McPhee | EURUSD, USDJPY, DJIA, US30, UK Oil

On Tuesday last week we covered UK Oil which spent the remainder of the week surging higher before easing back to the key $43 level and below. In the last week or so, UK Oil surged higher from its lowest level in five months below $36.50 back up to the key $43 level which has again provided stiff resistance, before it broke through to a two month high above $45. Leading up to last week’s surge, UK Oil fell away strongly from the key level of $43 which now continues to play a role and in recent time, has provided resistance. Now that it has returned back below this level, the $43 may provide some resistance again, as for the last two months or so, this level has been providing stiff resistance and constant downward pressure on prices.

US30 - Surges Above Key 29000 Level after Fed Holds Interest Rates Steady

on November 11, 2020 | By Stuart McPhee | DJIA, US30

The US30 index has surged higher to a new all time high above 30000 and in doing so, has smashed through resistance at the key 29000 level, which has applied downward pressure on the index for some time now. In doing so, it also pushed strongly through 27000 and 28000 which have play a significant role in the price action of the US30 in the last few months. It recently enjoyed strong support from 26000 which its most recent fall from the resistance at 29000, which allowed the index some support to rally back higher again. The fall has followed a strong period which saw the US30 index rally very well moving from a six week low to back above the key 28000 level and towards 29000, which offered stiff resistance again. The 29000 level also provided resistance to the US30 index in early September, when it was approaching its all time high set earlier in the year, and now it has finally broken through with an increase in volatility.

US30 - Remains Under Resistance at 30000 as Economic Outlook ‘extraordinarily uncertain’

WTI & Brent Crude Consolidating Ahead of OPEC Meeting

Wall Street - Time to “Buy the Dip”?

Market Recap: 23 - 27 November

US30 - Surges to Above 30000 as Janet Yellen Chosen for U.S. Treasury

US Stimulus and Vaccine Hopes in Focus.

Market Recap: 16 - 20 November

US30 - Eases from Highs above 30000 as Fed Has Differing Views on Recovery

Market Recap: 9 - 13 November

US30 - Surges Above Key 29000 Level after Fed Holds Interest Rates Steady

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