China Holds Benchmark Lending Rates: PBOC Maintains August Rates After July Cut
China Holds Benchmark Lending Rates: PBOC Maintains August Rates After July Cut China’s central bank, the People’s Bank of China (PBOC), has decided to keep its benchmark lending rates unchanged for August. The one-year loan prime rate (LPR) remains at 3.35%, while the five-year LPR stays at 3.85%, according to an official statement released on […]
USDNOK – 19 Aug 2024
USDNOK – 19 Aug 2024 On the daily timeframe, USDNOK is attempting to reverse the trend to bullish after previously using the kumo cloud as support. After experiencing a decline since the beginning of this month, the pair fell until it reached the price position of 10.66342. Despite trying to rally, bearish momentum still dominates […]
Singapore Dollar Gains Against U.S. Dollar: Optimism Rises Amid Soft-Landing Hopes
Singapore Dollar Gains Against U.S. Dollar: Optimism Rises Amid Soft-Landing Hopes The Singapore dollar gained strength against the U.S. dollar during the Asian session, reflecting increased market optimism. This movement comes as Wall Street ended the previous week on a strong note, with rising hopes for a “Goldilocks” scenario—a soft landing for the U.S. economy. […]
USDSEK – 16 Aug 2024
USDSEK – 16 Aug 2024 On the daily timeframe, USDSEK is trying to regain strength after experiencing a consolidation phase under the kumo cloud. Currently, the pair is in a bullish trend and has reached a price position of 10.52676, indicating a strong momentum to continue rising. The chart on the stochastic indicator also supports […]
Alibaba’s Profit Misses Estimates: E-Commerce Struggles
Alibaba’s Profit Misses Estimates: E-Commerce Struggles Alibaba Group reported weaker-than-expected earnings for the latest quarter, despite efforts to revive growth in a challenging environment. Net profit for the three months ending in June fell 29% year-over-year to 24.27 billion yuan ($3.40 billion), missing the 28.175 billion yuan expected by analysts. The decline was attributed to […]
USDJPY – 15 Aug 2024
USDJPY – 15 Aug 2024 On the weekly timeframe, USDJPY experienced a significant decline last June, dropping from a price position of 160.803 to reach 146.572 at the end of the month. Currently, the pair is in a bullish trend after experiencing a trend reversal when it touched the R1 level in the previous session. […]
China’s Central Bank Shifts Lending Date: Aims to Enhance Market Stability
China’s Central Bank Shifts Lending Date: Aims to Enhance Market Stability China’s central bank, the People’s Bank of China (PBOC), has shifted the date of its monthly medium-term lending operation, a move that reflects a broader overhaul in its monetary policy approach. The adjustment, announced on Thursday, aims to give short-term interest rates a more […]
USDSGD – 14 Aug 2024
USDSGD – 14 Aug 2024 On the weekly timeframe, USDSGD continued to decline significantly and has remained in a bearish trend since last month. The pair tried to break the kumo in July, but failed to rally and instead experienced a bearish trend reversal. As a result, the price continued to fall until it is […]
Japanese Yen Rebounds: Gains as US Dollar Weakens on Soft Inflation Data
Japanese Yen Rebounds: Gains as US Dollar Weakens on Soft Inflation Data The Japanese yen appreciated past 146.5 per dollar, marking a rebound from over one-week lows as the US dollar weakened following cooler-than-expected US producer inflation data. This latest inflation report reinforced market bets on more aggressive interest rate cuts from the Federal Reserve, […]
XAUUSD – 13 Aug 2024
XAUUSD – 13 Aug 2024 On the daily timeframe, XAUUSD showed a trend reversal after previously experiencing a significant bullish trend. Gold reached a price position of 2472.25, but then declined after failing to break the resistance line. Although currently in a bearish trend, gold’s position is still above the kumo cloud, which indicates that […]
Australian Consumer Confidence Rises: Rate Cut Hopes Fuel Optimism
Australian Consumer Confidence Rises: Rate Cut Hopes Fuel Optimism Australian consumer confidence saw a notable increase last week, driven by rising expectations that the Reserve Bank of Australia’s (RBA) next move could be to lower interest rates. Despite this boost, the overall level of confidence remains subdued, reflecting ongoing concerns about a potential recession in […]
NZDUSD Outlook: Bullish Momentum with Potential Trend Reversal
NZDUSD – 12 Aug 2024 As of August 12, 2024, the NZDUSD pair continues to maintain a bullish trend on the daily timeframe. After steadily strengthening since the end of last month, the pair has now reached the 0.60120 level. However, despite the upside potential, it is currently positioned below the kumo cloud, and the […]
Shanghai Composite Rises: Investors Eye U.S. Inflation and Chinese Economic Data
Shanghai Composite Rises: Investors Eye U.S. Inflation and Chinese Economic Data The Shanghai Composite Index climbed 0.2% to 2,870 on Monday, while the Shenzhen Component also advanced 0.2% to 8,411, rebounding from the previous session’s losses. This upward movement mirrors global market trends, where improved risk sentiment has driven gains. Investors are eagerly anticipating the […]
USDCNH – 9 Aug 2024
USDCNH – 9 Aug 2024 As of August 9, 2024, the USDCNH pair has experienced a significant drop, bringing it into the kumo cloud on the weekly timeframe. The pair fell from 7.28400 to 7.16346, indicating a downward move. However, recent price action shows signs of potential bullishness as the pair attempts to recover. While […]
August Volatility Hits: S&P 500 Reverses Gains in Thin Trading
August Volatility Hits: S&P 500 Reverses Gains in Thin Trading August Volatility Hits, S&P 500 Reverses Gains in Thin Trading. August continued its trend of thin trading volumes and volatile moves, as the S&P 500 wiped out a 1.7% gain on Wednesday to close down 0.8%. U.S. traders, spooked by fears of another significant market […]
GBPAUD 8 Aug 2024: Decline but approaching oversold levels
GBPAUD – 8 Aug 2024 As of August 8, 2024, the GBPAUD pair is experiencing a decline on the daily timeframe after failing to break the resistance line earlier this week. Currently trading at 1.93564, the pair remains above the kumo cloud, signaling it’s still in a bullish zone. However, the stochastic oscillator is showing […]
Australian Dollar Gains: Near Two-Week Highs on RBA’s Hawkish Stance
Australian Dollar Gains: Near Two-Week Highs on RBA’s Hawkish Stance Australian Dollar Gains Near Two-Week Highs on RBA’s Hawkish Stance. The Australian dollar appreciated to around $0.655, nearing two-week highs after Reserve Bank of Australia (RBA) Governor Michele Bullock stated that the central bank will not hesitate to raise interest rates again to combat inflation. […]
EURCHF Decline Shows Signs of Reversal, But Bearish Pressure Persists
EURCHF – 7 Aug 2024 EURZHF 7 Aug 2024 On the weekly timeframe, EURCHF has been declining since the middle of last month which led the price to continue to fall until it broke through the kumo cloud and settled at 0.93609. Although there appears to be a trend reversal this week with a bullish […]
Nvidia CEO’s Wealth Drops: Shares Plunge on Chip Delay
Nvidia CEO’s Wealth Drops: Shares Plunge on Chip Delay Nvidia CEO’s Wealth Drops Amid Market Rout. Nouveau riche boss Jensen Huang saw his fortune reduced to $89 billion after a market rout cost Nvidia $170 billion in market capitalization. Nvidia stock (NVDA) led a broad-based technology selloff on Monday, losing 6.3% of its market cap, […]
AUDUSD Attempts Bullish Rally After Significant Drop: Key Levels to Watch
AUDUSD – 6 Aug 2024 As of August 6, 2024, the AUDUSD pair is attempting to recover after a substantial bearish decline. The pair dropped from 0.67836 to a low of 0.64957, bringing it below the kumo cloud, a bearish signal. However, the stochastic indicator shows signs of recovery, with readings rising toward the 80 […]
Crypto Fear and Greed Index Drops: Bitcoin ETFs Face Major Outflows
Crypto Fear and Greed Index Drops: Bitcoin ETFs Face Major Outflows The Crypto Fear and Greed Index has plunged into the “Severe Anxiety” zone for the first time in two years, signaling significant concern among investors. This development comes as U.S. spot Bitcoin exchange-traded funds (ETFs) reported substantial outflows of $168.4 million in trading on […]
USDJPY – 5 Aug 2024: Approaches Key Support
USDJPY – 5 Aug 2024 As of August 5, 2024, the USDJPY pair has exhibited a significant bearish trend on the weekly timeframe, bringing the price down towards the kumo cloud. After failing to break the R2 resistance level, the pair reversed, falling towards the R1 support level, now trading at 143.224. The stochastic indicator […]
Nvidia’s AI Chip Production Delays: Impact on Major Tech Clients
Nvidia’s AI Chip Production Delays: Impact on Major Tech Clients Nvidia’s AI Chip Production Delays Impact on Major Tech Clients. Nvidia Corporation (NVDA) has encountered delays in the production of its upcoming AI chips due to design issues. This setback is expected to impact major clients, including Meta Platforms Inc. (META), Alphabet Inc.’s Google (GOOG, […]
GBPUSD – 2 Aug 2024
GBPUSD – 2 Aug 2024 GBPUSD 2 Aug 2024 On the daily timeframe, GBPUSD has continued to decline since the trend reversal in the middle of last month when it managed to touch the price of 1.30077. It is in a bearish trend that has brought it down close to the kumo, and it has […]
Meta Reports $4.5B Metaverse Loss: Zuckerberg Remains Hopeful
Meta Reports $4.5B Metaverse Loss: Zuckerberg Remains Hopeful Meta Reports $4.5B Metaverse Loss. Meta’s stock (META) surged 7% in off-hours trading ahead of Thursday’s market opening following a robust spring quarter performance. The Facebook parent company exceeded both earnings and revenue expectations, reporting a 73% rise in earnings to $13.5 billion, or $5.16 per share, […]
EURUSD Consolidates Between Key Levels Amid Bearish Momentum
EURUSD – 1 Aug 2024 As of August 1, 2024, the EURUSD pair is trading sideways on the weekly timeframe, fluctuating between R1 (1.05052) and R2 (1.10437). The pair sits close to the kumo cloud, indicating indecision in the market as volatility persists. Currently, the pair is priced at 1.08326 and has taken on a […]
China’s Factory Activity Contracts: Economic Challenges Ahead
China’s Factory Activity Contracts: Economic Challenges Ahead China’s Factory Activity Contracts, Economic Challenges Ahead. In July, China’s factory activity contracted for the first time in nine months, highlighting the significant challenges policymakers face in revitalizing a sluggish economy. The China Caixin manufacturing purchasing managers index (PMI) fell to 49.8 in July from 51.8 in June, […]
EURCNH – 31 Jul 2024
EURCNH – 31 Jul 2024 EURCNH 31 Jul 2024 On the daily timeframe, EURCNH appears to be initiating bullishness after previously continuing to experience a bearish trend. The pair dropped from a price position of 7.94552 to a position of 7.83457 before turning up and is now at a price position of 7.84410. The pair […]
Samsung Q2 Profit Soars: Semiconductor Business Drives Sixfold Increase
Samsung Q2 Profit Soars: Semiconductor Business Drives Sixfold Increase Samsung Q2 Profit Soars, semiconductor Business Drives Sixfold Increase. Samsung Electronics announced a nearly sixfold increase in net profit for the second quarter, driven by a robust performance in its semiconductor business, which contributed more than half of the company’s overall operating profit. The strong results […]
USDCAD Remains Bullish as Momentum Builds, but Overbought Conditions Could Trigger Reversal
USDCAD – 30 Jul 2024 As of July 30, 2024, the USDCAD pair has sustained its bullish trend on the weekly timeframe, following a trend reversal earlier this month. The pair is trading well above the kumo cloud, currently positioned at 1.38448, reflecting strong bullish momentum. The stochastic indicator is also climbing toward the 80 […]
Japanese Yen Rallies: BoJ Rate Decision Looms
Japanese Yen Rallies: BoJ Rate Decision Looms Japanese Yen Rallies, BoJ Rate Decision Looms. The Japanese yen has surged by about 5% against the US dollar in July, setting the stage for more volatility as the Bank of Japan prepares to decide on interest rates this week. The USD/JPY pair has become a favorite for […]
USDHKD – 29 Jul 2024
USDHKD – 29 Jul 2024 USDHKD 29 Jul 2024 On the daily timeframe, USDHKD seems to be struggling to strengthen and break through the kumo cloud, continuing to experience sideways moving. The pair is at a price position of 7.80674 and is still below the kumo despite being in a bullish trend. The existence of […]
Chinese Industrial Profits Rise: Manufacturing Up, Mining Down
Chinese Industrial Profits Rise: Manufacturing Up, Mining Down Chinese Industrial Profits Rise, manufacturing up, mining down. Chinese industrial firms recorded a profit of 3.511 trillion yuan in the first half of the year, up 3.5% from the prior year, according to data from the National Bureau of Statistics on June 27. Manufacturing and utilities industries […]
BTCUSD – 26 Jul 2024
BTCUSD – 26 Jul 2024 BTCUSD 26 Jul 2024 On the daily timeframe, BTCUSD showed the ability to reverse the trend after experiencing a decline earlier this week. Bitcoin managed to utilize the kumo cloud as support, reversing the trend to bullish when it touched the kumo cloud. At this moment, Bitcoin is at a […]
Singapore Central Bank Holds Policy Steady: Adjusts Economic Outlook
Singapore Central Bank Holds Policy Steady: Adjusts Economic Outlook Singapore Central Bank Holds Policy Steady, adjusts Economic Outlook. Singapore’s central bank maintained its monetary policy settings for the fifth consecutive time while adjusting its economic outlook, forecasting cooler inflation and stronger growth. The Monetary Authority of Singapore (MAS) announced on Friday that it will uphold […]
USOUSD – 25 Jul 2024
USOUSD – 25 Jul 2024 USOUSD 25 Jul 2024 On the daily timeframe, USOUSD is showing a significant decline after failing to rally towards the R2 level earlier this month. The prevailing bearish trend has brought oil prices down below the kumo cloud, indicating strong selling pressure. Currently, oil is at the 76.666 price position […]
Ether Falls 7.9%: Crypto Market Faces Broad Declines
Ether Falls 7.9%: Crypto Market Faces Broad Declines Ether Falls 7.9%, Crypto Market Faces Broad Declines. Ether fell 7.9% over the past 24 hours, leading to a broader decline in the cryptocurrency market, which saw an overall decrease of 3.45%. Investors are weighing the impact of recent transfers by the defunct Mt. Gox exchange and […]
EURNZD – 24 Jul 2024
EURNZD – 24 Jul 2024 EURNZD 24 Jul 2024 On the daily timeframe, EURNZD is showing a strong bullish trend since the beginning of this month. The pair has strengthened significantly from the price position of 1.76775 to reach the current 1.83088. This increase shows that the bullish momentum is still dominant and the potential […]
Tech Stocks Lead Market Rebound: Nvidia Soars 4.8%
Tech Stocks Lead Market Rebound: Nvidia Soars 4.8% Tech Stocks Lead Market Rebound and Nvidia Soars 4.8%. Mainstay names in the tech sector spearheaded a broad market turnaround on Monday, with Nvidia shares recouping recent losses and gaining a solid 4.8%. The S&P 500 rallied over 1%, closing at 5,564.41, marking its best single-day performance […]
EURCHF – 23 Jul 2024
EURCHF – 23 Jul 2024 EURCHF 23 Jul 2024 On the daily timeframe, EURCHF experienced a trend reversal to bearish after having rallied steadily since last month. The pair failed to break through the kumo cloud and bounced back down, now at a price position of 0.96849. Although there is a clear bearish signal on […]
Guanghui Energy’s Share Repurchase: Up to 800 Million Yuan
Guanghui Energy’s Share Repurchase: Up to 800 Million Yuan Guanghui Energy’s Share Repurchase Up to 800 Million Yuan. Guanghui Energy, a prominent Chinese natural gas and coal producer, has announced plans to repurchase shares valued between 400 million yuan and 800 million yuan. This strategic move was disclosed in a recent filing with the Shanghai […]
UKOUSD – 22 Jul 2024
UKOUSD – 22 Jul 2024 UKOUSD 22 Jul 2024 On the daily timeframe, UKOUSD is trying to reverse the trend to bullish after being bearish since the beginning of this month. The commodity is inside a kumo with a price position of 83.367, and is trying to strengthen to break out of the kumo. However, […]
Chinese Central Bank’s Rate Cuts: A Step Toward Economic Stabilization
Chinese Central Bank’s Rate Cuts: A Step Toward Economic Stabilization Chinese Central Bank’s Rate Cuts, a Step Toward Economic Stabilization. The recent rate cuts by China’s central bank provide some reassurance that policymakers are addressing the ongoing economic slowdown. However, the substantial effort needed to revive the economy will have to come from fiscal policy, […]
XAGUSD – 19 Jul 2024
XAGUSD – 19 Jul 2024 XAGUSD 19 Jul 2024 On the daily timeframe, XAGUSD was bearish again after trying to rally but had to bounce down when it touched the resistance line. This decline brought the commodity into the kumo and is now at a price position of 29,652. The stochastic chart also shows a […]
ECB Holds Rates Steady: Signals Potential Cuts
ECB Holds Rates Steady: Signals Potential Cuts ECB Holds Rates Steady, signals Potential Cuts. The European Central Bank (ECB) held its interest rates steady but kept the door open for possible reductions later this year, signaling a cautious yet flexible approach to monetary policy. This move comes as investors eagerly await the Federal Reserve’s anticipated […]
USDSEK – 18 Jul 2024
USDSEK – 18 Jul 2024 USDSEK 18 Jul 2024 On the daily timeframe, USDSEK has not been able to regain strength and break through the kumo cloud. The pair is still sideways moving and has been below the kumo since two months ago, with the current price position at 10.55019. Despite the bullish signal on […]
HSBC Buys Back Shares in Hong Kong: Over 2 Million Shares Repurchased
HSBC Buys Back Shares in Hong Kong: Over 2 Million Shares Repurchased HSBC Buys Back Shares in Hong Kong, Over 2 Million Shares Repurchased. HSBC Holdings (HSBA) repurchased 2,164,800 shares in Hong Kong on Wednesday at a weighted average price of HK$67.22 per share, according to a Thursday filing with the Hong Kong Stock Exchange. […]
USDJPY – 17 Jul 2024
USDJPY – 17 Jul 2024 USDJPY 17 Jul 2024 On the daily timeframe, USDJPY experienced a trend reversal when it touched the resistance line last week after continuing to strengthen until it reached the 161.674 price position. Currently, despite being in a bearish trend and at the 158.021 price position, the pair is still holding […]
Canada’s Inflation Eases: Lower Fuel and Durable Goods Prices Drive Trend
Canada’s Inflation Eases: Lower Fuel and Durable Goods Prices Drive Trend Canada’s Inflation Eases, Lower Fuel and Durable Goods Prices Drive Trend. Canada’s annual inflation rate resumed its easing trend last month, driven by a deceleration in fuel prices and a decrease in the cost of durable goods. The country’s consumer price index (CPI) in […]
USDSGD – 16 Jul 2024
USDSGD – 16 Jul 2024 USDSGD 16 Jul 2024 On the daily timeframe, USDSGD seems to be trying to bounce back after experiencing a significant bearish trend earlier this month, which brought the price down below the kumo cloud. Currently, the pair is experiencing a bullish trend reversal and is at a price position of […]
Ethereum Price Surge: Breaking Key Resistance Levels
Ethereum Price Surge: Breaking Key Resistance Levels Ethereum Price Surge, breaking Key Resistance Levels. Ethereum’s price has surged significantly, breaking through the $3,250 resistance zone. This upward momentum pushed ETH beyond the $3,350 resistance, establishing a solid position in a positive zone. Following Bitcoin’s lead, Ethereum even moved above the $3,440 resistance level, highlighting a […]
XAUUSD Approaches Overbought Conditions Amid Strong Bullish Momentum
XAUUSD – 15 Jul 2024 As of July 15, 2024, XAUUSD (gold) is trading within a defined range between R1 and R2 levels on the daily timeframe, with strong bullish momentum. Currently priced at 2412.45, gold continues to reverse trends when approaching the kumo cloud, a key indicator of support. However, despite the continued upward […]
China’s Central Bank: Key Rates Unchanged
China’s Central Bank: Key Rates Unchanged China’s Central Bank, Key Rates Unchanged. On Monday, China’s central bank kept its key policy rates unchanged, signaling a likely hold on the benchmark lending rate later this month. This move underscores the central bank’s cautious approach to monetary policy amidst ongoing economic uncertainties. The People’s Bank of China […]
USDCNH – 12 Jul 2024
USDCNH 12 Jul 2024 On the daily timeframe, USDCNH is still in a bearish trend since experiencing a trend reversal earlier this month after trying to break the resistance line. Despite this, the pair remains above the kumo cloud with a price position of 7.2750. Currently, there is an ongoing bullish candle, reinforced by the […]
Tesla Launches New Model 3 Variant: Rear-Wheel Drive at Lower Price
Tesla Launches New Model 3 Variant Rear-Wheel Drive at Lower Price. Tesla (TSLA) unveiled a new rear-wheel drive variant of its Model 3 long-range vehicle on Thursday. Priced at $42,490, this new model is $5,000 cheaper than the all-wheel drive version, making it a more affordable option for consumers looking for a long-range electric vehicle. […]
Hong Kong SME Sentiment Weakens: Business Receipts and New Orders Decline
Hong Kong SME Sentiment Weakens, Business Receipts and New Orders Decline. Business sentiment among small and medium-sized enterprises (SMEs) in Hong Kong weakened in June compared to the previous month, according to data from the city’s Census and Statistics Department released Wednesday. The diffusion index on business receipts for SMEs fell to 41.4 in June […]
EURCHF – 11 Jul 2024
EURCHF 11 Jul 2024 On the weekly timeframe, EURCHF managed to continue the bullish trend that it started since experiencing a trend reversal mid last month. The pair managed to rally to the 0.97432 price position and break out of the kumo cloud, showing strong bullish momentum. The stochastic indicator also showed a rise towards […]
USDJPY – 10 Jul 2024
USDJPY 10 Jul 2024 On the weekly timeframe, USDJPY has been in a bullish trend since the beginning of this year. Although it has experienced some trend reversals, the bullish momentum is still quite strong and continues. The pair is above the kumo cloud with a price position of 161.437, showing the strength of the […]
Yen Nears 38-Year Low: Fed Caution and BoJ Speculation
Yen Nears 38-Year Low, Fed Caution and BoJ Speculation. The Japanese yen depreciated to around 161.5 per dollar, nearing a 38-year low as the dollar strengthened following Federal Reserve Chair Jerome Powell’s reaffirmation of a cautious approach to interest rate cuts. Powell emphasized the need for more data to confirm that inflation is moving sustainably […]
BTCUSD – 9 Jul 2024
BTCUSD 9 Jul 2024 On the weekly timeframe, BTCUSD is bearish after a trend reversal last month that brought it down from 69697.16 and is now at 57269.16. However, BTCUSD is still well above the kumo cloud. There appears to be oversold saturation on the stochastic indicator, which could allow for a bullish trend reversal. […]
Mt. Gox to Return 140,000 Recovered Bitcoin: Market Awaits Potential Sell-Off
Mt. Gox to Return 140,000 Recovered Bitcoin, Market Awaits Potential Sell-Off. Bitcoin prices (BTCUSD) hovered near a four-month low of $55,000 on Monday as crypto traders prepared for a potential market upheaval. The anticipation stems from the defunct Mt. Gox exchange, once the largest digital asset trading platform in 2014, is preparing to release 140,000 […]
NZDUSD – 8 Jul 2024
NZDUSD 8 Jul 2024 On the daily timeframe, NZDUSD has been in a bullish trend since the beginning of this month, bouncing back when it touched the kumo which acts as a support line. Currently, the pair is at a price position of 0.61457 and is still likely to continue as it is still above […]
Tesla’s Shares Surge 16% in Two Days: Short Sellers Lose $3.5 Billion
Tesla’s Shares Surge 16% in Two Days, Short Sellers Lose $3.5 Billion. Tesla (TSLA) stock is on a tear, rallying 16% in just two days following an upbeat quarterly deliveries update. This bull run has cost short sellers a staggering $3.5 billion. Among those affected is a surprising name: Microsoft co-founder Bill Gates. Elon Musk, […]
USDCNH – 5 Jul 2024
USDCNH 5 Jul 2024 On the daily timeframe, USDCNH seems to have experienced a trend reversal at the beginning of this month after previously continuing to strengthen until it touched 7.30669 before finally weakening and now stands at 7.28720. However, the pair is still well above the kumo cloud, suggesting that the bullish long-term trend […]
S&P 500 and Nasdaq Composite Hit Record Highs: Tesla Leads the Charge
S&P 500 and Nasdaq Composite Hit Record Highs. Both the S&P 500 and Nasdaq Composite tread into record territory after a holiday-shortened session saw investors excited about Tesla shares. The S&P 500 and the Nasdaq Composite are on a roll. Record after record, these two Wall Street darlings wrapped up Wednesday’s holiday-shortened session at fresh […]
GBPAUD – 4 Jul 2024
GBPAUD 4 Jul 2024 On the weekly timeframe, GBPAUD experienced a trend reversal two weeks ago which brought the pair into the kumo cloud. However, in the last week of last month, the pair managed to reverse the trend back to bullish and tried to rally. However, the stochastic chart still appears to be declining […]
ANZ Group: AU$4.097 Million Share Buyback Boosts Stock Price
The ANZ Group (ANZ) repurchased a total of 144,357 shares on Wednesday for a total price of AU$4.097 million, according to a Thursday filing with the New Zealand bourse. The buybacks were facilitated by ANZ-appointed brokers UBS Securities Australia and Macquarie Securities (Australia), the filing stated. This strategic move by ANZ Group indicates the company’s […]
MSFT – 3 Jul 2024
MSFT 3 Jul 2024 On the daily timeframe, Microsoft (MSFT) is seen well above the kumo cloud, showing the strength of the solid bullish trend since early last month. Although it experienced several trend reversals, this did not affect the ongoing bullish trend. Microsoft stock managed to reach a price of 459.37 and still shows […]
Microsoft and G42 AI Project Faces Scrutiny: National Security Concerns Arise
Microsoft and G42 AI Project Faces Scrutiny, National Security Concerns Arise. The $1 billion AI project between Microsoft Corporation (MSFT) and United Arab Emirates AI holding company G42 in Kenya is facing scrutiny due to national security concerns. Initially perceived as a potential model for extending the U.S.’s political and economic reach in the Global […]
EURCHF – 2 Jul 2024
EURCHF 2 Jul 2024 On the daily timeframe, EURCHF experienced a significant rise after a trend reversal occurred in the last week of last month. Despite being in a bullish trend, the pair is still under the kumo cloud. At the moment, EURCHF managed to reach a price position of 0.97000, but the stochastic indicator […]
German Inflation Falls in June: Eases ECB Concerns Over Sustained Price Pressures
German Inflation Falls in June, Inflation in Germany fell more than expected in June, signaling a more sustainable easing of inflationary pressures. This development is likely to reassure the European Central Bank (ECB), which recently cut interest rates for the first time in five years. According to the German statistics office Destatis, consumer prices were […]
AUDUSD – 1 Jul 2024
AUDUSD 1 Jul 2024 On the daily timeframe, AUDUSD is still moving sideways and has not managed to break the resistance line to reach higher prices. The pair went through several trend changes, but none of them showed any significant changes. After being bearish earlier today, AUDUSD is at a price position of 0.66658 and […]
Australian Dollar Holds Gains: Rate Hike Expectations Rise Amid Mixed Economic Data
Australian Dollar Holds Gains Rate Hike Expectations Rise Amid Mixed Economic Data. The Australian dollar has maintained its recent advance to around $0.666, hovering close to two-week highs. This stability is partly due to the greenback pulling back on data showing US inflation cooled in May, reinforcing expectations that the Federal Reserve will proceed with […]
GBPUSD – 28 Jun 2024
GBPUSD 28 Jun 2024 On the daily timeframe, GBPUSD is still in a bearish trend since last week. Although it had several trend reversals, there were no significant changes that managed to bring this pair out of the bearish trend. GBPUSD continues to fall towards the support line and the kumo cloud. On the stochastic […]
Coinbase and Stripe Partner: Enhancing Crypto Payment Solutions
Coinbase and Stripe Partner, In a significant move for the cryptocurrency world, Coinbase Global Inc. and payment processing giant Stripe have announced a strategic alliance aimed at revolutionizing cryptocurrency payment solutions. This partnership represents a crucial step forward in making digital currency transactions more accessible and efficient for users worldwide. As part of this collaboration, […]
EURUSD – 27 Jun 2024
EURUSD 27 Jun 2024 On the weekly timeframe, EURUSD is still sideways moving within the R1 and R2 ranges. Although this pair has experienced several trend reversals, there has been no significant change that brings EURUSD to continue to strengthen through R2 or weaken through R1. The pair is below the kumo after the previous […]
SoftBank to Invest $20M in Perplexity AI: Valuation Hits $3B
SoftBank to Invest $20M in Perplexity AI. Japanese technology investor SoftBank Group Corp Vision Fund 2 is set to invest between $10 million and $20 million in U.S. search startup Perplexity AI, Bloomberg News reported on Thursday. This investment is part of a larger $250 million funding round, boosting Perplexity AI’s valuation to an impressive […]
AUDUSD – 26 Jun 2024
AUDUSD 26 Jun 2024 On the weekly timeframe, AUDUSD is still below the S1 support line and has yet to show any significant movement, still struggling inside the kumo cloud. However, the pair is showing bullish conditions on candlesticks, which is reinforced by the appearance of stochastic whose graph is rising towards the 80 level. […]
Australian Dollar Surges: Inflation Data Fuels Rate Hike Speculation
Australian dollar surged past $0.667, reaching a two-week high after hotter-than-expected domestic inflation data bolstered bets that the Reserve Bank of Australia (RBA) could raise interest rates again following a hawkish pause in June. Australia’s Monthly CPI Indicator rose by 4% in May, up from 3.6% in April, and exceeded market expectations of 3.8%. This […]
USDCAD – 25 Jun 2025
USDCAD 25 Jun 2025 On the daily timeframe, USDCAD is still seen in a bearish trend since its decline last week. The pair continued to decline until it entered the kumo cloud and has not been able to show significant changes. However, on the stochastic indicator, the pair has gone below the 20 level, which […]
Ethereum ETFs Set to Launch: Lowering Barriers for Crypto Investing
Ethereum ETFs Set to Launch, The second-largest cryptocurrency, Ethereum (ETH), is poised to make a significant entry into Wall Street through eight exchange-traded funds (ETFs), lowering the entry barrier for crypto investing. These ETFs are speculated to launch on July 2, following approval by the Securities and Exchange Commission (SEC) last month. This move aims […]
USDHKD – 24 Jun 2024
USDHKD 24 Jun 2024 On the daily timeframe, USDHKD has not been able to show significant changes after experiencing a bearish trend that took it down below the kumo cloud last month. Despite several attempts to bounce back, the pair experienced another bearish trend reversal. Looking at the stochastic which is still in the range […]
Japan Struggles to Defend Yen: Dollar Strength Persists
Japan Struggles to Defend Yen, The relentless dollar strength is increasingly challenging for Japanese officials, who are running out of ideas on how to defend the yen. The USD/JPY pair advanced for a sixth straight session on Thursday, with renewed dollar strength pushing the exchange rate close to ¥159.00. These fresh gains brought the pair […]
BTCUSD – 21 Jun 2024
BTCUSD 21 Jun 2024 On the weekly timeframe, BTCUSD shows a bearish trend after experiencing a trend reversal when it reached a high price of 72046.92. Although the price is still well above the kumo cloud, the bearish indication is getting stronger as the stochastic indicator is showing a decline caused by being overbought in […]
Risk-On Trades Surge: Stocks Hit All-Time Highs, Gold Loses Luster
Risk-On Trades Surge are dominating the investment landscape, with stocks surging to all-time highs as gold fades from investors’ focus. On Thursday morning, gold prices (XAUUSD) moved slightly upward, reaching a weekly high of $2,345 per ounce, up about 0.2% on the day. Despite this uptick, the precious metal was largely sidelined as investors gravitated […]
USOUSD – 20 Jun 2024
USOUSD 20 Jun 2024 On the daily timeframe, USOUSD is showing a trend reversal after previously experiencing a significant bullish trend. The commodity’s attempt to rally through the kumo failed, and now looks set to resume its bearish trend. This trend reversal is reinforced by the stochastic indicator showing overbought saturation, signaling further downside potential. […]
China’s Benchmark Lending Rates: Central Bank Holds Steady
China’s benchmark lending rates remained unchanged, reflecting market expectations after the central bank held its policy rates steady earlier this month. On Thursday, the People’s Bank of China (PBOC) announced that the one-year loan prime rate (LPR) would remain at 3.45%, and the five-year rate would stay at 3.95%. These rates have been consistent since […]
EURNZD – 19 Jun 2024
EURNZD 19 Jun 2024 On the H4 timeframe, EURNZD experienced a bullish trend reversal after touching the support line. Although the pair is still below the kumo cloud, the bullish trend may still continue. A look at the stochastic indicator shows that there is oversold saturation, which indicates the potential for further strengthening. Traders should […]
Central Banks Shift Focus: Boosting Gold Reserves, Reducing Dollar Dependence
Central Banks Shift Focus Boosting Gold Reserves, Reducing Dollar Dependence. Central banks worldwide are set to increase their gold reserves over the next year, reflecting growing skepticism towards the U.S. dollar, according to a new World Gold Council report. Over 80% of respondents expect reserve managers to boost global bullion holdings, the highest on record […]
EURCHF – 18 Jun 2024
EURCHF 18 Jun 2024 On the weekly timeframe, EURCHF has seen a decline since touching the R1 resistance level in the middle of last month. The pair has experienced significant bearishness, bringing the price down through the kumo cloud and reaching a price position of 0.95308 last week. Referring to the stochastic indicator, there is […]
AI Surge Powers S&P 500: Weekly Gains Despite Friday Dip
AI Surge Powers S&P 500: Weekly Gains Despite Friday Dip. Despite a slight drop on Friday, the S&P 500 recorded a 1.6% gain for the week, buoyed by positive economic data and a cooling inflation number. This comes as a notable achievement for the broad-based index, which experienced a four-day streak of record-setting highs before […]
UKOUSD – 17 Jun 2024
UKOUSD 17 Jun 2024 On the weekly timeframe, UKOUSD is still moving sideways slightly below the kumo cloud. Although it has not managed to rally to break the kumo, the commodity is at a price position of 82.425 after experiencing another bearish trend reversal. On the stochastic indicator, the chart appears to be rising towards […]
China’s Central Bank Holds Key Rates Amid Economic Challenges
China’s Central Bank Holds Key Rates Amid Economic Challenges. China’s central bank kept its key policy rates unchanged on Monday, indicating a likely hold on the benchmark lending rate later this month. The People’s Bank of China (PBOC) injected 182 billion yuan ($25.09 billion) into the financial system via its medium-term lending facility, maintaining an […]
XAGUSD – 14 Jun 2024
XAGUSD 14 Jun 2024 On the daily timeframe, XAGUSD (silver) has continued to decline since the end of last month after bouncing down when it touched the resistance line. Despite several bullish trend reversals, the bearish trend still seems to be more dominant. Currently, silver is at a price position of 28.923 and is still […]
New Zealand’s Manufacturing Sector Faces Prolonged Contraction in May
New Zealand’s manufacturing sector continued its downward trend in May, extending a prolonged period of contraction, according to the latest BNZ – BusinessNZ Performance of Manufacturing Index (PMI). The PMI for May fell to 47.2, down from 48.8 in April, marking the sector’s 15th consecutive month of contraction. A reading below 50 indicates contraction, and […]
USDNOK – 13 Jun 2024
USDNOK 13 Jun 2024 On the weekly timeframe, USDNOK remains within the R1 and R2 ranges, with no significant movement capable of bringing the pair up to break R2 or down past R1. At the moment, USDNOK is inside a kumo after experiencing a trend reversal to bearish, with a price position of 10.59073. The […]
Stocks Surge Despite Fed’s Limited Rate Cut Projections
Stocks Surge Despite Fed’s Limited Rate Cut Projections. Stocks soared as investors digested the latest report from the US Federal Reserve and reacted positively to new inflation data. The Federal Reserve maintained its benchmark interest rate at 5.50% but signaled just one interest rate cut for this year, down from the prior projection of three […]
USDSEK – 12 Jun 2024
USDSEK 12 Jun 2024 On the daily timeframe, USDSEK is seen still moving sideways under the kumo cloud, indicating that the pair has not been able to strengthen and break through the kumo. The pair continues to experience trend reversal, and is currently at 10.48634. Based on the stochastic indicator, there appears to be a […]
Euro’s Stability Minimizes Inflation Impact
Euro’s Stability Minimizes Inflation Impact. The euro’s minor movements against the U.S. dollar before and after the European Central Bank’s decision to lower its key rate are too small to affect inflation in the eurozone, ECB Chief Economist Philip Lane stated on Tuesday. The ECB’s recent move to reduce its key rate to 3.75% from […]
USDSGD – 11 Jun 2024
USDSGD 11 Jun 2024 On the daily timeframe, USDSGD is still experiencing sideways movement and is inside the kumo cloud. This pair is experiencing price fluctuations caused by market volatility. After various ups and downs, USDSGD is currently at a price position of 1.35306. The pair seems to be in a bullish trend which is […]
