Latest Market News
XAUUSD, “Gold vs US Dollar” As we can see in the H4 chart, XAUUSD has formed a Hanging Man pattern not far from the resistance level. At the moment, the asset is reversing in the form a new descending impulse. In this case, the downside correctional target may be the support area at 1915.00. At […]
Oil prices reduced their gains to 4% during trading today, Wednesday, with Brent crude trading below 110 dollars, with the release of the US inventories report and the decision of the OPEC + alliance. And oil prices jumped more than 8%, and Brent crude exceeded $113 during trading, as fears escalated of supply disruptions due […]
BAE Systems Rallying One of the big market themes we are seeing as a result of the conflict in Ukraine is a surge in stock prices of weapons manufacturers and armourers. With Ukraine heavily buying arms and NATO countries supporting the effort alongside their own purchases, defence stocks have ballooned in recent days. Looking ahead, […]
BOC Up NextThe Bankof Canada is the next G10 central bank to take centre stage. The BOC will meetlater today for its March rates decision and the market is broadly expectingthe bank to deliver a further increase. Traders are anticipating a further .25%rate hike from the bank in line with the sort of pattern seen […]
The speculation regarding the U.S. Federal Reserve’s tightening cycle and recent geopolitical developments may have resulted in panic selling by short-term traders. Analysis from Glassnode suggested that traders who had purchased Bitcoin (BTC) near the November 2021 high liquidated their positions in the past two and half months. This supply was absorbed by high conviction […]
MGM Resorts International MGM, +4.32% late Wednesday said that its board of directors has authorized a new $2 billion share buyback program, saying that it believes there’s “tremendous value” in its stock at current level. The company has $524.6 million remaining under a previous authorization, and it plans to use its remaining capacity before starting […]