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Prior +0.4% Looking at the details, the jump here largely owes to a spike in energy prices. If you strip that out, producer prices were only up 0.1% on the month. The breakdown shows a jump in energy prices by 5.4%, slightly offset by declines in prices for…

Prior -13.8 Economic confidence 93.7 vs 95.6 expected Prior 95.8; revised to 95.6 Industrial confidence -14.1 vs -11.7 expected Prior -11.1; revised to -11.4 Services confidence 5.9 vs 5.8 expected Prior 5.3 Slight delay in the release by the source. The drop in economic confidence sees it fall…

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Nasdaq 100 Futures (NQ) Technical Analysis – January 8, 2025 Current Price: 21,430 Key Levels to Watch for NQ Today Support Levels: 21,410: Yesterday’s Value Area Low (VAL) is providing support. A sustained drop below this level could open the door to: 21,360–21,350: Next support zone. 21,000–20,975: Extended…

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Fundamental Overview Crude oil has been ranging for months between the 67.00 support and the 72.00 resistance as the market continued to weigh the future scenarios. On one hand, we had the Trump’s victory which might have been seen as bearish for fear of the tariffs and a…

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Eurostoxx -0.1% Germany DAX flat France CAC 40 -0.1% UK FTSE flat Spain IBEX +0.2% Italy FTSE MIB flat The changes are at least better than what futures were suggesting earlier in the day at least. S&P 500 futures are also seen up 0.2% for now, taking some…

Fundamental Overview Gold remains confined in a range as the market continues to wait for the US NFP and CPI reports. Yesterday it seemed like we could get a break above the 2660 resistance but eventually the price got smacked back down following the hot US Job Openings…

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