Latest Market News
There was a sign of relief on geopolitical front, welcomed by asset markets, after the Russian Foreign Ministry said that a war with Ukraine was “unthinkable”, hinting that diplomatic resolution of the conflict may be in cards. The market focus today is on a portion of US price and employment data, namely PCE and employment […]
US Core PCE In FocusIt’s been a stunning week for the US Dollar with the greenback on curse to close out its biggest weekly gain since June 2021. A hawkish FOMC meeting, teeing up a March rate hike, followed by a bumper quarterly GDP reading has week and truly reignited demand for the Dollar. Traders […]
• Tesco broke resistance level 2.9670 • Likely to rise to resistance level 3.050 Tesco recently broke above the key resistance level 2.9670 (which stopped the previous short-term impulse wave 1 at the start of January) The breakout of the resistance level 2.9670 accelerated the active intermediate impulse wave (3). Given the clear daily uptrend, […]
• Natural gas broke resistance zone • Likely to rise to resistance level 5.000 Natural gas recently broke the resistance zone lying between the key resistance level 4.400 (which stopped the previous impulse wave (1)) and the 50% Fibonacci correction of the downward impulse from November. The breakout of this resistance zone accelerated the active […]
A big comeback Friday for stocks left the S&P 500 index SPX, +2.43%, Dow Jones Industrial Average DJIA, +1.65% and Nasdaq Composite Index COMP, +3.13% with sizable gains on the session and enough upward momentum to leave all three key U.S. stock benchmarks in the green in a week of extreme volatility on Wall Street. […]
Bitcoin (BTC) created resistance at $37,500 on Friday amid an increasing consensus that a new dive was underway. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Funding signals dip expectations Data from Cointelegraph Markets Pro and TradingView revealed $37,500 as the ceiling that capped price action overnight into Friday. BTC/USD had recovered from a trip to local […]