Wall Street closed the week on a high note as corporate and economic data showed signs of decreasing inflation. In addition, the Personal Consumption Expenditures (PCE) index, a key measure of inflation, supported the rally. As a result, the three major indices – the S&P 500, the Dow Jones Industrial Average, & the Nasdaq Composite […]
AUD/USD is on an upside stance, exploring new peaks since last year (August). Meanwhile, optimistic MADC signals support buyers. Almost overbought Relative Strength Index and many obstacles challenge immediate upsides. AU-USD bulls celebrate the massive Aussie inflation stats, with the quote renewing 5-month highs near 0.7115 early Wednesday. Alongside Australia’s upbeat quarterly CPI (Consumer Price […]
Market Overview On Monday, Wall Street ended positively as all major indices saw gains. The Dow Jones Industrial Average increased by 0.76%, the S&P 500 by 1.19%, and the Nasdaq by 2.01%. The Nasdaq hit staggering highs, driven by the semiconductor sector. This week is shaping up to be a significant one for earnings, with […]
Netflix stock has been on a roll lately, thanks to some impressive Q4 results that have sent investors scrambling to get in on the action. The streaming giant announced that it had added over 7.5 million new subscribers during the quarter, which is an impressive number by any standard. This strong performance is just the […]
DOGE price pierced the $0.0813 hurdle and attempted to use the barrier for further upsides. A rebound from the area might trigger a 10% price move toward the $0.0946 selling climax. Flipping $0.813 into resistance would cancel DOGE’s bullish thesis. Dogecoin price reflects clear bounce-off signals at a steady support floor. Resetting bullish strength might […]
GBP-USD revives intraday low as it snaps a 3-day uptrend following the key United Kingdom data. British Retail Sales dipped to -1.0% month-on-month in December against the expected 0.5% and prior -0.4%. Hawkish Fed enables the USD to pare the latest losses regardless of downbeat U.S. data. Positive remarks from Bailey of BoE, JPMorgan’s positive […]
Rolls-Royce Holdings plc, the luxury car maker, has reported record sales in 2022 with an average unit price of $500,000. The company attributes this uptick in sales to a fall in demand for Chinese cars due to COVID-19 regulations. As a result, Rolls-Royce has also reported that they have orders that run deep into 2023, […]
When investing in the stock market, many people focus on finding stocks that have the potential to provide a high return on investment. One strategy that investors can use to identify such stocks is to look for companies that have strong value and are undervalued by the market. These types of stocks provide a great […]
According to analysts, Russia is increasingly relying on oil and gas revenues to support its efforts in Ukraine. Therefore, analysts predict that the Russian government may have to raise taxes if oil and gas prices do not meet expectations. As a result, this tax rise may not be good for the general living conditions of […]
China’s December ended on a low, with a sharp export decline due to cooling global demand. Moreover, their import market is experiencing a sharp downturn owing to the new wave of COVID-19 infections and property downturn. According to Reuters, these threats highlight the economic threat to the colossal country’s economy. China’s Exports and Imports China’s […]
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The United States dollar trades relatively flat against other leading currencies on Thursday morning as investors await the U.S. inflation data release later today. Many renowned institutions and banks remain on the sidelines, awaiting data clarifying upcoming interest rate decisions. The March United States Dollar Index hovered at 102.790 during this writing, losing 0.13% or […]
It’s a quiet Wednesday for the GBP-USD, without United Kingdom economic signals to contemplate. The lack of data will leave GBP-USD under the influence of the market’s risk sentiment. The pair showcased movements today morning. Market anticipations of softer United States inflation figures supported partial revivals of the latest loss. Nonetheless, while softer inflation numbers […]
The Decline in Stock Prices Shares are currently trending downward as investors’ attention shifts towards rising interest rates and an upcoming speech by the head of the Fed Reserve. The main UK stock index has consistently declined throughout the day, showing a decline of 0.29%. Analysts downgraded two companies, causing Anglo American to decrease by […]
How has SpaceX yet to give us an initial public offering, despite the company’s strides in space travel? Elon Musk’s company has made many headlines with new space technology, including Starlink and the company’s priced Falcon line of space crafts. However, after 20 years of the company’s exploits, it seems painfully clear that SpaceX may […]
In 2022, the stock market experienced a significant downturn. The S&P 500 index fell by 20%, marking its worst performance since the global financial crisis in 2008 when it saw a 38.4% downturn. The Dow Jones Industrial Average also closed the year down 8.5%, while the Nasdaq dropped by 33%. Investors and analysts attribute these […]
Ethereum (ETH) Ethereum started Wednesday with heavy fluctuations falling to $1,212 before the crypto began to rally. At $1,212, ETH avoided falling below the first key support level. A major or key support level is a price level at which there is a concentration of demand for an asset and acts as a floor. That […]
Good news for European stock markets! The STOXX 600 index soared to a strong start in the new year, fueled by upbeat manufacturing data from the eurozone. This statement suggests that the economic downturn may not materialize, and investors are more optimistic. In addition, consumer discretionary and autos assets saw impressive gains, while luxury brands […]
BTC and ETH joined the broad market slump on Friday. United States economic indicators underperformed predictions, sending risk assets further down. Cryptocurrency market conditions flashed bearishness early today. 2022’s last day opens with a bearish stance. Bitcoin and other cryptos, such as ETH, saw continued struggles as market headwinds deteriorated investor mood. Bulls should heighten […]
ETH attempts minor upticks towards the barrier of $1.2K. The price wavers under $1.2K and the 1hr 100-Simple Moving Average. Kraken data shows a break above a crucial bearish line with $1,195 resistance on the 1hr chart. ETH/USD remains susceptible to massive dips to $1.1K or even $1K. Ethereum continues its bearish narratives under the […]
