Price Prediction: US30 in danger of bear market rally
The US30 bounce since last week Thursday has run into overhead resistance.
Senior Market Strategist
Russell Shor is a Senior Market Strategist at FXCM, having been promoted to the role in 2025 in recognition of his depth of insight and consistent delivery of high-impact market analysis. He originally joined FXCM in October 2017 as a Senior Market Specialist.
Russell holds an Honours Degree in Economics from the University of South Africa, is a certified FMVA®, and a full member of the Society of Technical Analysts (UK). With over 20 years of experience in financial markets, his work is renowned for its clarity, precision, and strategic value across asset classes.
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The US30 bounce since last week Thursday has run into overhead resistance.
Fed Chair suggests that rates may be hiked above neutral. USDOLLAR find support, in response.
Shorts may use the UK's inflation release as a catalyst for their positions.
Retail numbers are strong, with previous revised up.
Elon Musk's takeover of Twitter (TWTR.us) cannot proceed until the company provides proof that the number of fake or spam accounts makes up less than 5% of total accounts.
The US 10-year yield has paused, but underlying momentum has not dissipated.
The GER30 is showing resilience and is outperforming the US risk markets.
Dow breaks out of short-term continuation pattern ahead of cash open.
Gold bulls support the price on the short-term pivot, but the longer-term trend may dominate.
The S&P 500 is rallying pre-cash open. However, key levels above suggest caution still needs to be exercised.
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