Day: June 16, 2023

Factory Output Falls The latest data out of China overnight has given more cause for concern over the health of the world’s second largest economy. Industrial production was seen rising just 3.5% last month, down sharply from the 5.6% output seen over the prior month. This marks the slowest level of factory output since February […]

American stock index S&P 500 has closely approached the broken uptrend; therefore, it might potentially undergo correction soon. The asset’s price is likely to drop and target the level of 4195. So, let’s observe what might happen. Bitcoin has been moving along the supporting level of 25200 for many days in a row, trying to […]

The two-week consolidation period of gold price around $1950 has ended with a breakdown below the lower bound of the main ascending channel: The risk is increasing that sellers will temporarily seize the initiative, as buyers have lost their main stronghold in the form of the ascending corridor that started back in October 2022. From […]