REASONS WHY !! AI Integration and Advancements: Meta has been prioritizing the integration of artificial intelligence across its applications, which has played a crucial role in the company’s rally2. The market has responded positively to Meta’s efforts in developing and monetizing AI applications, leading to a boost in the stock price. 2. Digital Advertising...
📊 Market Sentiment: Bearish Market sentiment for CME_MINI:ESH2024 Futures is influenced by the Federal Reserve's approach to rate cuts, global economic slowdown, China's economic policy, shifts in market sectors, and developments in the wind energy sector. 🌍 Global Financial and Economic News: Federal Reserve's Cautious Approach to Rate Cuts: The Federal...
With Bitcoin's future tied to $43k support, a drop may lead to $37k, yet regulatory shifts and global acceptance suggest $50k by Jan 2024. Bitcoin’s next move is tied closely to its ability to maintain the $43k support level. A dip below this critical threshold could see the cryptocurrency sliding to $37,000. Conversely, holding above this mark may set the stage...
Current Market Position: The long-term charts indicate that the potential for a continued downtrend in Bitcoin remains strong. This observation is based on the overall market structure and recent price movements. Fibonacci Retracement and Resistance: The price of Bitcoin is retracing to a significant Fibonacci zone, which is a common area for potential...
Bitcoin's current price is $28070 with a -0.87% change in the past 24 hours. The Relative Strength Index (RSI) is at 61.5, which suggests that the coin is currently in neutral territory. Looking at the Fibonacci retracement levels on the 4-hour timeframe, we see that Bitcoin is currently trading below the 0.5 Fibonacci level at $26184, which suggests that the...
Volkswagen's EVs Are Taking Off in China, May Soon Surpass NIO's Market Share On October 22, SAIC Volkswagen ID.3 was launched in the country at CNY 159,888 to CNY 173,888 per vehicle. Volkswagen China achieved a milestone of 10,000 EV sales in September 2021. We dissect Volkswagen's EV sales through three perspectives: product, production and marketing. A...
Latest Developments: April 21 – At their April meeting, the BOC kept its overnight rate unchanged at 0.25%, as expected. However, the central bank also signalled to markets that it could start hiking rates in late 2022 while also reducing the scope for its bond buying program. April 21 – Canada CPI for March increased to 2.2% Y/Y, versus a prior of 1.1%. CPI...
Latest Developments: April 26 – The UK’s coronavirus count increased to 4,406,946 cases (+2,064). April 21 – CPI for March increased to 0.7% Y/Y (prior 0.4%) and printed at 0.3% M/M (prior 0.1%). Core CPI increased to 1.1% Y/Y (prior 0.9%) and printed at 0.4% M/M (prior 0.0%). April 20 – The unemployment rate for February fell to 4.9% from a prior of 5.0%...
Latest Developments: April 21 – At their April meeting, the BOC kept its overnight rate unchanged at 0.25%, as expected. However, the central bank also signalled to markets that it could start hiking rates in late 2022 while also reducing the scope for its bond buying program. April 21 – Canada CPI for March increased to 2.2% Y/Y, versus a prior of 1.1%. CPI...
Latest Developments: April 21 – CPI for March increased to 0.7% Y/Y (prior 0.4%) and printed at 0.3% M/M (prior 0.1%). Core CPI increased to 1.1% Y/Y (prior 0.9%) and printed at 0.4% M/M (prior 0.0%). April 20 – The UK’s coronavirus count increased to 4,393,307 cases (+2,524). March 31 – GDP for Q4 printed at 1.3% Q/Q and -7.3% Y/Y, revised from 1.0% and...
Latest Developments: April 9 – Canada’s employment report for March saw the unemployment rate fall to 7.5% (prior, 8.2%) with employment change printing at 303.1K (prior, 259.2K). March 17 – Canadian CPI for February increased to 1.1% Y/Y, versus a prior of 1.0%. CPI printed at 0.5%% M/M versus a prior of 0.6%. Regarding the BoC’s core measures, Common CPI...
Latest Developments: April 14 – The UK’s coronavirus count increased to 4,378,304 cases (+2,490). March 31 – GDP for Q4 printed at 1.3% Q/Q and -7.3% Y/Y, revised from 1.0% and -7.8%, respectively. The report published by the ONS also noted that household savings for the quarter grew to their biggest ever level. This is supportive of recent comments from the...
Latest Developments: April 9 – Canada’s employment report for March saw the unemployment rate fall to 7.5% (prior, 8.2%) with employment change printing at 303.1K (prior, 259.2K). March 17 – Canadian CPI for February increased to 1.1% Y/Y, versus a prior of 1.0%. CPI printed at 0.5%% M/M versus a prior of 0.6%. Regarding the BoC’s core measures, Common CPI...
Latest Developments: April 12 – The UK’s coronavirus count increased to 4,373,342 cases (+3,567). March 31 – GDP for Q4 printed at 1.3% Q/Q and -7.3% Y/Y, revised from 1.0% and -7.8%, respectively. The report published by the ONS also noted that household savings for the quarter grew to their biggest ever level. This is supportive of recent comments from the...
Latest Developments: April 7 – The UK’s coronavirus count increased to 4,367,291 cases (+2,763). March 31 – GDP for Q4 printed at 1.3% Q/Q and -7.3% Y/Y, revised from 1.0% and -7.8%, respectively. The report published by the ONS also noted that household savings for the quarter grew to their biggest ever level. This is supportive of recent comments from the...
Latest Developments: March 31 – GDP for Q4 printed at 1.3% Q/Q and -7.3% Y/Y, revised from 1.0% and -7.8%, respectively. The report published by the ONS also noted that household savings for the quarter grew to their biggest ever level. This is supportive of recent comments from the BoE, who expect a significant increase in consumer activity once lockdowns are...
Latest Developments: March 17 – Canadian CPI for February increased to 1.1% Y/Y, versus a prior of 1.0%. CPI printed at 0.5%% M/M versus a prior of 0.6%. Regarding the BoC’s core measures, Common CPI remained at 1.3% while Trimmed Mean increased to 1.9% and Median CPI slowed to 2.0%. March 10 – At their March meeting, the BoC kept policy unchanged as expected;...
Latest Developments: March 28 – The UK’s coronavirus count increased to 4,333,042 cases (+3,862). March 24 – CPI for February slowed to 0.4% Y/Y (prior 0.7%) and printed at 0.1% M/M (prior -0.2%). Core CPI slowed to 0.9% Y/Y (prior 1.4%) and printed at 0.0% M/M (prior -0.5%). March 18 – At their March meeting, the BoE kept its official Bank Rate unchanged at...