Key News: Canada - Manufacturing Sales (MoM) USA - S&P/CS HPI Composite - 20 n.s.a. (YoY) (May) USA - CB Consumer Confidence (Jul) On Monday, the Dow Jones Industrial Average extended its winning streak with an impressive eleventh-straight gain, primarily driven by a surge in energy stocks. Investor sentiment remained upbeat as they embraced the...
Key News: UK - S&P Global/CIPS UK Manufacturing PMI USA - S&P Global US Services PMI (Jul) The Dow Jones Industrial Average celebrated a remarkable milestone on Friday, securing its 10th consecutive weekly gain and extending its longest winning streak since 2017. However, the market's positive performance was tempered by cautiousness among traders ahead of...
Tech Titans' Earnings Fall Short as Dow Soars: Anticipation Builds for Fed's Rate Hike and Key Economic Data Key News: UK - Retail Sales (MoM) (Jun) Canada - Retail Sales (MoM) (May) Thursday was a day of divergent fortunes in the market's theater. The mighty S&P 500 and Nasdaq, usually riding high, stumbled and fell, their spirits dampened by the...
Greetings, traders! Welcome back to our daily Market Analysis. Today, we have gathered the top news and interesting fundamental analysis for your consideration. Let's dive in and stay informed! Key News: UK - CPI (YoY) (Jun) Eurozone - CPI (YoY) (Jun) USA - Building Permits (Jun) USA - Crude Oil Inventories Market Sentiment Boosted by Strong Earnings and...
Welcome back! Let me know your thoughts in the comments! ** USDJPY Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered...
Key News: USA - United States - Independence Day Australia - RBA Interest Rate Decision (Jul) Wall Street's main indices closed with modest gains on Monday in a shortened session, as Tesla (NASDAQ: TSLA) surged and bank shares showed resilience, signaling a subdued start to the second half of the year. Driven by news of record-breaking vehicle deliveries in the...
Key News: USA - Independence Day - Early close at 13:00 UK - Manufacturing PMI (Jun) USA - ISM Manufacturing PMI (Jun) Friday marked a momentous day on Wall Street as the three major indices experienced a robust surge, igniting a wave of optimism among investors. Notably, the Nasdaq, renowned for its focus on technology stocks, achieved an extraordinary feat by...
Mixed Trading Day Driven By Market Reactions To Powell's Remarks And Tech Stock Performance Key News: USA - Fed Chair Powell Speaks USA - GDP (QoQ) (Q1) USA - Initial Jobless Claims USA - Pending Home Sales (MoM) (May) During Wednesday's trading session, the Nasdaq saw a moderate rise, driven by the positive performance of large-cap stocks. However, contrasting...
Please if you found this helpful drop a like and follow, let us discuss it in the comment section. To me, this trend looks like expanding and also counting the ELLIOT wave inside the trend. We should be looking for a buying opportunity if the price continues holding the particular zone
Market reactions are varied and uncertain due to the ongoing uncertainties in Russia and concerns about inflation. Key News: Eurozone - ECB President Lagarde Speaks USA - Building Permits USA - Core Durable Goods Orders (MoM) (May) USA - CB Consumer Confidence (Jun) USA - New Home Sales (May) On Monday, the US...
Market Analysis: Global shares decline, dollar recovers as Fed pauses rate hikes; ECB and BOJ meetings awaited. Key events on the economic calendar include: New Zealand GDP (QoQ) for the first quarter. Eurozone Deposit Facility Rate announcement for June. Eurozone ECB Interest Rate Decision for June. US Core Retail Sales (MoM) data for May. US Initial Jobless...
US dollar remains depressed across the board as traders lowered Technical bias for the pair is bearish. Price action has slipped below 21-EMA and is on track to test cloud support.
☛S&P 500 on the Brink of Technical Collapse. A Risk-off mood Spurred Demand for Safe-haven Assets. ➤US stocks plummeted with Dow -2.37%, S&P 500 -2.95% & Nasdaq -3.62% On technical front S&P 500✔️ -Price broke below the Head & Shoulder Neckline, with lower highs of the right shoulder. -checkout my previous post about the target prices/levels to watch. ➤The US...
GOLD (XAUUSD) again bearish or soon breakout? We can expect breakout and huge pump here too and on daily charts , it is more clear. But in lower time frames we can see that correction and local fall is also expected like the red arrow on the chart. DISCLAIMER: ((trade based on your own decision )) <<💚💚💚💚💚💚💚💚press like👍 if you enjoy💚💚💚💚💚💚💚💚💚💚>>
And this applies to both to bulls and bears! Gold has the ugly habit that the priceaction dies down and the result is a tough sideways movement. The breakout above $1834 has not been achieved yet. This remains the bullish goal for the upcoming days. If Gold is able to breakt above $1834 we expect further bullish action. Happy Trading!
Although the Dow breaks the record mark of 35k the bulls are still weary to entrench themselves above this historic mark. Given the sideways movements over the last week, our primary expectation is a setback to the 34200 area. There we expect support and a turnaround to new all time highs. We are looking to go long at around 34200. What’s your take! Happy Monday!
...up up to the sky! The NASDAQ is pushing for new all-time highs. The resistance at 14996 is broken and the way for higher quotations is paved. We now expect further bullish action until we reach the 15600 area. To uphold the expectation the NASDAQ needs to stay above 14445. Happy Monday!
The bears are at it again and manage to bring the price back into regions of $31k. The market is thus following our primary expectation as stated in previous posts. We now see further selloffs to prices at around $26k. After reaching the blue trading box, we will evaluate long positions. Whats your guess? Cheers!