Latest Market News
Out of the vast number of individuals who attempt to engage in trading within the financial markets, only a small group manages to achieve success. This doesn’t necessarily mean that these few individuals never commit trading mistakes in their trading journey; everyone does. Nonetheless, in order to flourish in the financial markets, it’s essential to […]
Mixed Results From Netflix The latest set of earnings from Netflix yesterday did little to encourage investors that the company is headed for a new ‘golden era’. On the headline figures, the numbers were broadly in line with expectations. EPS came in a little over forecasts at $2.85 vs $2.85 forecast while revenues were a […]
UK CPI Still Too High On the back of a higher-than-expected wage growth figure earlier this week, today’s UK CPI data has effectively confirmed a further .25% hike from the BOE next month. Headline CPI was seen cooling to 10.1% in March, down from the prior month’s 10.4% reading, but still well above the 9.8% […]
XAUUSD, “Gold vs US Dollar” At the support level, gold has formed a Hammer reversal pattern. Currently, the instrument is going by the reversal signal in an ascending wave. The target for the growth might be 2040.00. After testing the resistance, the pair could break it and continue with the uptrend. However, the quotes may […]
USDJPY, “US Dollar vs Japanese Yen” On H4, the quotes are above the 200-day Moving Average, indicating the prevalence of an uptrend. The RSI has rebounded from the support line. In this situation, the price is expected to rise above 6/8 (134.37) and reach the resistance level of 7/8 (135.93). The scenario can be canceled […]
Tesla In Focus Today As US earnings season rolls on, the main focus today will be on Morgan Stanley and Tesla. Given fairly solid banking sector results so far, expectations are for further positivity from today’s MS data which should help strengthen confidence and solidify expectations for a .25% hike from the Fed next month. […]