Issue link: https://maltatoday.uberflip.com/i/1512356
SYMBOL LAST CHANGE % HIGH LOW DOW JONES – US 33,561.80 -56.88 -0.17% 33,656.40 33,509.70 NASDAQ – US 12,179.50 +0.00 +0.00% 12,216.10 12,174.10 S&P 500 – US 4,119.17 -18.95 -0.46% 4,130.35 4,116.65 RUSSELL 2000 – US 1,749.68 -4.79 -0.27% 1,756.09 1,737.70 S&P TSX – CANADA 20,585.70 +0.58 +0.00% 20,599.00 20,455.50 IPC – MEXICO 55,452.70 +419.61 +0.76% 55,497.80 54,899.40 FTSE – UK 7,750.80 -13.29 -0.17% 7,778.98 7,750.37 CAC 40 – FRANCE 7,373.77 -23.40 -0.32% 7,416.32 7,373.20 DAX 40 – GERMANY 15,886.20 -69.32 -0.43% 15,980.80 15,884.00 FTSE MIB – ITALY 27,325.70 -57.80 -0.21% 27,476.40 27,324.70 MICEX – RUSSIA 2,524.31 -3.28 -0.13% 2,535.03 2,483.79 NIKKEI 225 – JAPAN 29,122.20 -120.64 -0.41% 29,195.20 29,070.10 SHANGHAI COMPOSITE – CHINA 3,319.15 -38.52 -1.15% 3,349.72 3,305.25 HANG SENG – HONG KONG 19,776.90 -90.64 -0.46% 19,880.00 19,696.60 NIFTY 50 – INDIA 18,249.10 -16.90 -0.09% 18,323.20 18,211.90 KOSPI – KOREA 2,496.51 -13.55 -0.54% 2,510.13 2,488.42 30.11.2023 7 MARKETS International Markets Global Indices Trading Date: 29 November 2023 FTSE 100 Daily Price Chart DAX 40 Daily Price Chart THE U.S. dollar, as measured by the DXY index, retreat- ed for a fourth straight trading session on Wednesday, settling below the 103.00 threshold and hitting its lowest level since early August, pressured by a pullback in U.S. Treasury yields. In recent days, U.S. interest rate expectations have shift- ed in a more dovish direction on bets that the FOMC has finished hiking borrowing costs and will move to ease its stance next year. is sentiment gained momentum today after Federal Reserve Governor Christopher Waller, typi- cally a hawkish voice, stated that he is "increasingly confi- dent" that monetary policy is in the right place and that, if inflation continues to slow, rate cuts could be considered. Against this backdrop, the euro, British pound, and Aus- tralian dollar posted solid gains against the greenback, with their exchange rates breaching key levels in the process. In this article, we analyze the technical outlook for EUR/USD, GBP/USD, and AUD/USD, taking into account market sen- timent, price action dynamics and chart formations. EUR/USD extended its advance on Wednesday, clearing Fibonacci resistance at 1.0960 and rising to its best mark in more than three months. If the pair holds onto recent gains and establishes a support base near 1.0960, there's a possibility of an upward push towards 1.1080 following a period of consolidation. Should bullish momentum persist, attention could turn to the 2023 highs near 1.1275. In case of a downward shift from current levels, it is im- perative to closely monitor price action around 1.0960, bearing in mind that a breach of this technical zone could send the exchange rate towards 1.0840. GBP/USD technical analysis GBP/USD has been on a bullish tear in November, ris- ing nearly 4.5% since the beginning of the month. After Tuesday's gains, the pair has reached its best level since late August, but has been unable to reclaim the 61.8% Fib- onacci retracement of the July/October slump (1.2720). If this ceiling holds, the upside momentum could run out of steam, paving the way for a drop towards 1.2590, followed by 1.2460. In the event of a clear break above 1.2720, sentiment on sterling is likely to improve, unleashing animal spirits that could propel a potential upward move towards 1.2850. On further strength, buying interest could accelerate, opening the door to a climb toward the 1.3000 handle. Although the bullish case for GBP/USD is strong, it is important to exercise caution as the pair is about to enter overbought territory. US Dollar in tailspin, price action setups on EUR/USD, GBP/USD