Market Insights
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Market Insights
Is the Fed Out-Hawking the ECB?
Key Points: The strong demand for the US dollar, driven by high US jobs data, pressures the EUR/USD. ECB’s hawkish stance includes recent rate hikes and signals for more, but the Fed’s aggressive approach may overshadow it. Technical indicators suggest bearish momentum for EUR/USD, favoring Fed policies over the ECB’s. The EUR/USD is holding just…
08 February 2023
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Market Insights
Gold Holding Above $1,900: How Long Can It Last?
Key Points: Gold is holding above $1,900, reaching $1,929 before a slight decline. The RSI indicates gold is in extreme overbought conditions. The next key levels to watch are $1,900 and $2,000, with potential Fed rate hikes influencing price action. Gold has surged over $300 per ounce in the last 10 weeks, briefly consolidating around…
16 January 2023
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Market Insights
Two Currency Trades to Consider in January
USD vs. GBP: Key Events: US inflation data on January 13 and UK GDP data on the same day, followed by UK inflation data a few days later. Outlook: With US inflation expected to dip from 7.1% to 6.5%, this will be a critical factor for USD traders. The UK’s GDP and upcoming inflation data…
07 January 2023
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Market Insights
Gold Holds Steady Above Key Resistance Amid CPI News and Fed Rate Hike
Following the recent CPI news, gold surged past the daily resistance level of $1,808.00, closing above it for the first time. Despite a slight pullback after the Federal Reserve’s interest rate decision, gold remains resilient, showing no signs of discouraging bulls or empowering bears. Since its March 2022 peak, gold has recovered nearly half…
14 December 2022
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Market Insights
Dogecoin Eyes Breakout Amid Consolidation and Elon Musk Speculation
Dogecoin (DOGE) is showing signs of entering a new phase of consolidation as the week begins, with the price hovering near the resistance level of $0.1070. The coin appears poised to challenge this resistance, signaling a potential upside breakout. Dogecoin recently underwent a significant trend reversal after experiencing a sharp rally in late October…
06 December 2022
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Market Insights
Euro Pulls Back Against Dollar Amid Reports of Russian Missile Strike in Poland
The Euro has lost ground against the US dollar following reports that Russian missiles struck inside the Polish border, resulting in the deaths of two Polish citizens. This development has sparked concerns due to Poland’s status as a NATO member, raising the potential for a significant geopolitical escalation. The decline in the Euro is…
15 November 2022
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Market Insights
Post-Twitter Buyout: Is Pinterest the Next Big Stock for Traders?
With Elon Musk’s acquisition of Twitter now finalized and the company no longer publicly traded, investors are on the hunt for comparable stocks to fill the void. Traders might find a suitable alternative in Pinterest, a social media platform that often positions itself as the antithesis of Twitter and Instagram, promoting inspiration over negativity. …
31 October 2022
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Market Insights
Investor Sentiment Diverges as Earnings Season Kicks Off: Will the S&P 500 Defy Expectations?
As the latest U.S. earnings season begins, investor sentiment is divided. While many are cautious, hoping the earnings reports will offer clarity amid ongoing inflation concerns and monetary policy changes, opinions on the market’s direction vary. A Bloomberg survey revealed that over 60% of 724 respondents believe the third-quarter earnings season will drive the S&P…
18 October 2022
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Market Insights
Gold Drops 700 Pips Amid Rate Hike Speculations: Can It Rebound?
Gold has experienced significant downward pressure since Tuesday, with a total decline of around 700 pips. The sharpest move occurred when gold broke through the critical support level of $1,680, plunging to approximately $1,660 per ounce within a single four-hour period. This marked one of the largest shifts triggered by unexpected U.S. inflation data. Before…
15 September 2022
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Market Insights
Reliance Power’s Stock Volatility Sparks Exchange Inquiry Amid New Funding Deal
Reliance Power, a leading private sector power generation and coal resources company in India, has recently experienced significant stock volatility following a major financial development. The company, majority-owned by Anil Ambani, announced a long-term debt agreement for up to 12 billion rupees (approximately $150.4 million) with Varde Partners, a U.S.-based investment firm focused on distressed…
06 September 2022
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Market Insights
Pelosi’s Nvidia Stock Sale Raises Eyebrows Amid Market Decline and Legislative Ties
Recent stock transactions by U.S. House Speaker Nancy Pelosi and her husband, Paul Pelosi, have once again drawn public scrutiny, particularly regarding their investment in Nvidia (NASDAQ: NVDA). The couple sold 25,000 shares of the semiconductor giant in July, valued between $1 million and $5 million. The shares were sold at $165.05 each, resulting in…
05 September 2022
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Market Insights
Euro’s Struggle Below Parity: Bearish Momentum Signals Further Downside for EUR/USD
The euro’s recent attempt to rally was met with resistance, as the EUR/USD pair failed to close above the critical 1.0320 level last week. This inability to breach the 50-Day Moving Average has created a potential bull trap, providing an opportunity for short sellers and setting the stage for the euro to hit parity with…
23 August 2022
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