- The market has been trading within an ascending channel since mid-February. The short-term trend, fueled by the growing prospect of rate cuts in the United States, is therefore bullish.
- Technically speaking, we can see that the surge in price since the rebound over 1.0700 has been very gradual, punctuated by very short-term correction phases, like a...
During the Asian session, gold has experienced a significant price increase due to U.S. consumer data that revealed higher than expected inflation and fears that interest rates may be higher than expected. It has reached a high of $2,195.02 before retreating to $2,163, finding a temporary consolidation point there. Its previous range was between $2,100 and $1,962....
- The GBPJPY pair has rebounded strongly since the start of the year and the impact over 178.75. The market registered higher highs and lows, pushing prices 7% up in less than 2 months. The medium-term trend was therefore bullish.
- However, the market twice failed to break out its last high at 191.20.
This failure led prices to break their uptrend line, as well...
During the Asian session, most regional currencies moved imperceptibly, while the U.S. dollar has remained stable as it awaits its inflation data that will determine the Fed's possible direction for rate cuts. As a result, Pacific currencies have moved in a flat to lower range causing the Australian dollar to remain at a two-month high, the rupee at a six-month...
Cocoa has sustained a price escalation of the last 54 weeks marking a growth of 60.88%, after which a sideways range has formed. Cocoa futures reached a trading high of 6676 points, driven by inflation increases and the Federal Reserve's price tightening, which have caused this incredible upward push in the commodity. Most of the major chocolate companies in the...
Analyzing the recent behavior of the Ibex 35, we observe a week marked by a sideways movement, highlighting a strong bullish breakout on Wednesday , followed by a bullish continuation today. This momentum has followed a range-bound price construction since the end of February. Although industrial production communications were not as negative as expected, and...
- The market has been registering higher highs and lows since October 2023, the long-term trend is therefore bullish.
- Very recently, the market ended a flag consolidation after a strong rebound above $1992 which led prices to a new all-time high above $2150
- The appetite for the yellow metal is clearly back. Investors, disappointed by persistent monetary...
After the economic turmoil generated in the markets by the Fed's statements this week, US indices have reacted with a slight correction. This afternoon, data on industrial production, retail sales and sovereign debt auctions will be crucial (short term, 15 and 30 years ahead), as well as the US government unemployment figures, which will impact the markets,...
The combination of yesterday's Super Tuesday with Trump and Biden again at the top of the list, together with Jerome Powell's announcement, generated a significant rebound in both gold and Bitcoin against the US dollar. The hamburger country's indexes experienced a notable drop caused as we say by the Federal Reserve announcement, which caused a rebound effect in...
Yesterday, the U.S. experienced a cut in the price of its major indices following Monday's Fed statement. This week, manufacturing, employment and non-farm payrolls data will determine the trend of the US indices. In addition to these economic events, this week features data from companies focused on AI investing, such as Broadcom, MongoDB, Nvidia, Target, Macy's,...
This week, Federal Reserve Chairman Jerome Powell is expected to reiterate his intention to correct inflation through interest rate adjustments, with the 2% target set at the last FOMC meeting in January. Although the U.S. economy remains robust, inflation has declined in recent months, but not enough to warrant a sustainable return to the Fed's annual target and...
In this morning's Asian market hours, optimism about a possible interest rate cut by mid-year boosted the market sharply causing it to start unexpectedly strong, especially the oil market, including both West Texas and Brent crude oil in a tremendous price rally. Brent futures experienced a notable increase. At the start of the European session, an increase in...
The Australian dollar has been pressured at the start of the Asian market session by lower-than-expected retail sales, leading to upward momentum in other currency pairs, such as the euro. This morning, we face a slew of European economic data that could influence all of its crosses .
Of particular note are figures related to employment, GDP growth, production...
After opening with a corrective gap on the Eurostoxx 50, after closing at 4,885.74 points, today we have witnessed a strong buying presence . The all-time high of 4,564.03 points , set in 2008, was surpassed on January 12 after a technical rebound following the Epiphany holiday. Since last Thursday, the index seems to have consolidated a range between the new...
Bitcoin has once again staged an impressive rally, hitting two-year highs in the early hours of this past morning. This rally is mainly attributed to signs of capital inflows from ETF funds launched earlier this year. The cryptocurrency has seen an increase of around 10%, bringing its price to $56,293.4.
It is remarkable the change in outlook for Bitcoin, which...
- The American Dollar has regained strength against the Japanese Yen since the start of 2024 and the rebound on the long-term trend line. The market is now trading in a bullish channel, registering higher highs and lows, the medium-term trend is therefore bullish.
- In the shorter term, and since the rebound over 146.42, the market has continued to climb towards...
On Friday, the rising sun market surpassed a significant milestone at 38,957.44 points, surpassing the 1989 trading level , just before the so-called "Lost Decade". During the period from 1991 to 2001, Japan experienced economic stagnation and price deflation, from which it emerged, albeit at a slower pace compared to other industrialized nations. In terms of...
The DAX index starts on an uptrend , boosted by the positive close on Wall Street. Today, several crucial and expectation-boosting releases are expected from the German market, including Q4 2023 GDP growth, which is anticipated to be slightly negative at around -0.3% vs. 0% previously, as well as business sentiment reports from the IFO Institute at the University...
