Hong Kong
2024-12-27 14:12
IndustryTechnical Overview: Key Market Insights
Currency Markets
1. US Dollar Index (DXY)
Outlook: Likely to rise toward 109–109.50, while maintaining support above 107.50–108.00.
Key Note: A decisive break below 107 would negate this bullish momentum.
2. EUR/USD
Trading Range: Likely to remain between 1.0450–1.0550 on the upside and 1.0350–1.0300 on the downside until a clear breakout occurs.
Resistance: Limited upside potential within the current range.
3. USD/JPY
Performance: Tested the 158 target before pulling back.
Key Levels:
A breakout above 158 may extend gains toward 160 or higher.
Downside likely limited to 155–154.
4. AUD/USD
Range: Trading near key support at 0.62 with resistance at 0.6300–0.6350.
Key Note: A breakout below 0.62 could signal medium-term bearish momentum.
Commodities
1. Crude Oil
Range: Prices may remain range-bound between $69 and $72 over the next few trading sessions.
Yesterday's Low: $69.33.
Equity Markets
1. Dow Jones Index
Performance: Continuing upward momentum, nearing 43400.
Outlook:
Potential correction toward 42000–41800 if resistance holds at 43400 or after an extended rise to 44000.
A sustained move above 44000 would invalidate the bearish outlook.
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Technical Overview: Key Market Insights
Hong Kong | 2024-12-27 14:12
Currency Markets
1. US Dollar Index (DXY)
Outlook: Likely to rise toward 109–109.50, while maintaining support above 107.50–108.00.
Key Note: A decisive break below 107 would negate this bullish momentum.
2. EUR/USD
Trading Range: Likely to remain between 1.0450–1.0550 on the upside and 1.0350–1.0300 on the downside until a clear breakout occurs.
Resistance: Limited upside potential within the current range.
3. USD/JPY
Performance: Tested the 158 target before pulling back.
Key Levels:
A breakout above 158 may extend gains toward 160 or higher.
Downside likely limited to 155–154.
4. AUD/USD
Range: Trading near key support at 0.62 with resistance at 0.6300–0.6350.
Key Note: A breakout below 0.62 could signal medium-term bearish momentum.
Commodities
1. Crude Oil
Range: Prices may remain range-bound between $69 and $72 over the next few trading sessions.
Yesterday's Low: $69.33.
Equity Markets
1. Dow Jones Index
Performance: Continuing upward momentum, nearing 43400.
Outlook:
Potential correction toward 42000–41800 if resistance holds at 43400 or after an extended rise to 44000.
A sustained move above 44000 would invalidate the bearish outlook.
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