News

Jul 05
Nasdaq Stalls As Fed Expectations & China Data Weigh

Record Gains for Tech Stocks The Nasdaq recorded its strongest H1 in 40 years this year with a 32% gain. The US tech index has bene bolstered over the year so far by shifting Fed expectations and resilient US economic data which has pushed back against those warning of an incoming recession. Growing expectations earlier […]

Jul 05
EURJPY H4 | Bullish bounce off pullback support

TitleEURJPY H4 | Bullish bounce off pullback support TypeBullish Bounce Preference: Price could approach the pivot point at 156.769 and potentially reverse from here; we could see momentum carry price up to its 1st resistance at 158.47. Alternative scenario:If price breaks below the pivot point, it could hit the 1st support at 155.171. To discuss […]

Jul 05
Murrey Math Lines 05.07.2023 (USDJPY, USDCAD)

USDJPY, “US Dollar vs Japanese Yen” USDJPY quotes are above the 200-day Moving Average on H4, indicating a prevailing uptrend. The RSI has rebounded from the support line. In these circumstances, the price is expected to break the level of 5/8 (145.31) and rise to the resistance at 6/8 (146.87). The scenario can be cancelled […]

Jul 05
The cryptocurrency market digest (BTC, LTC). Overview for 05.07.2023

The BTC price rose to 30,831 USD by Wednesday. The flagship cryptocurrency is currently fully implementing the previously outlined trend with consolidation above 31,150 USD and a further climb to 33,000 USD. The bullish scenario is supported by a new application for licensing submitted by the BlackRock fund to the SEC. The fund attempts to […]

Jul 05
Gold Rallying As US/China Tensions Drive Safe-Haven Demand

China Trade Restrictions Announced Gold prices are rising today on safe-haven inflows after tensions between China and the US were seen ratcheting up a level. Overnight, China announced a fresh set of restrictions on exports of certain rare metals used in the semiconductor building process. Tit-for-tat actions based around the high-tech microchip sector have been […]