Underwhelming results from Tesla and Alphabet painted the equity markets in the red yesterday. The S&P500 experienced its worst selloff since December 2022 with a 2.30% drop. It tested its 50-DMA (near 5428) to the Read more…
Daily Pivots: (S1) 0.9563; (P) 0.9620; (R1) 0.9652; More…. EUR/CHF’s fall from 0.9772 continues today and intraday bias stays on the downside. With 61.8% retracement of 0.9476 to 0.9772 at 0.9589 broken, next target is Read more…
Risk aversion has firmly gripped the markets, leading to the steepest selloff in US stocks since 2022 overnight. This sharp decline continued into the Asian trading session, with Nikkei plunging nearly 3%. The market rout Read more…
Short Term Elliott Wave View in Ethereum (ETHUSD) suggests the impulse sequence ended at $3562.6 high started from 7.05.2024 low. Below there, it favors corrective pullback in wave (2). In daily sequence, it ended ((4)) Read more…
Japan’s government maintained its economic assessment but noted a more pessimistic outlook for exports due to weakening demand from China. According to the Cabinet Office’s Monthly Economic Report, the Japanese economy is recovering at a Read more…
US stocks took a steep dive overnight, with S&P 500 and NASDAQ Composite suffering their worst sessions since 2022, down -2.31% and -3.64% respectively. The sell-off was triggered by disappointing earnings reports from tech giants Read more…
Key Highlights Crude oil prices started a fresh decline below the $80.00 support. A connecting bearish trend line is forming with resistance at $78.80 on the 4-hour chart. USD/JPY declined heavily below the 155.50 support. Read more…
AUDCHF broke support level 0.5865 Likely to fall to support level 0.5735 AUDCHF currency pair recently broke the key support level 0.5865 (which stopped the previous correction (A) in the middle of June). The breakout Read more…
GBPAUD broke multi-month resistance level 1.9510 Likely to rise to resistance level 1.9700 GBPAUD currency pair recently broke above the multi-month resistance level 1.9510 (which has been reversing the price from February). The breakout of Read more…
When was the last time you ventured out to your local mall because you really, really had to go? If that question had been asked several decades ago, your answer probably would’ve been something like Read more…