Hello Traders,
Gold continues to make higher highs in the Asian session on the back of a weak dollar and expectations of interest rate cuts by the Fed. The CME Fedwatch tool shows a 94% probability of a 25 basis point cut in September, weakening the dollar to its lowest level in nearly four months and boosting gold.
Trade tensions with China escalate over...
- The market is trading inside a bullish channel since end of May ; The mid-term trend is then bullish for the Hedge funds' favorite index.
- The market has just reached a new all-time high above 5675pts, carried by rate cuts bets following strong Retail Sales data showing a more resilient US Economy than anticipated.
In addition, the technical landscape isn't...
Hello Traders,
We are in an era of intergalactic business, and Airbus (EPA:AIR, Ticker AT: AIR.FR/.GE) and Thales (EPA:HO) could join forces in the satellite arena. This potential alliance would create a strong pan-European space coalition to compete with the missile expertise of MBDA and large global players such as Lockheed Martin (NYSE:LMT), Northrop Grumman...
Recently, Amazon (NASDAQ:AMZN) has launched war on Chinese platforms Shein (private) and Temu (PDD Holdings Ticker: NASDAQ:PDD), both of which have been capturing significant market share in online retail sales. Amazon has announced the opening of a new online store for low-cost products shipped directly from China. Initially, this store will focus on brand-name...
Today, Monday, the Asian market started lower against the US dollar following Donald Trump's shooting over the weekend. The Japanese "Ocean Day" holiday celebrated on the third Monday of July, which is very important for the Japanese country, has led to moderate trading volumes without the Japanese market active. The Yen weakened slightly and on the alert of...
The German stock market closed with gains on Thursday with +0.72% and has continued its opening with +0.3%. The best stock of yesterday's session was Sartorius AG VZO ON which reached €243.40/ac. at the close, followed by RWE AG ST ON €34.03/ac. and Vovonia SE €29.19/ac. The worst performers were Airbus Group SE closing at €131.96, Deutsche Bank AG NA ON at...
Hello Traders,
The stock market seems to have entered a "TOC" or "Mania" phase of continued Success in what looks like a vertical climb since the 4th of July celebrations. The rate of change has shown that there is some acceleration in the trend, and is also reflected in the SPY ETF a reduction in trading volume and in part the increase in price is probably due...
- The market has registered higher highs and lows for 6-months ; the mid-term trend is then bullish
- Since the last market top, prices have registered another pull-back to $4.0774.
During this consolidation, the market has registered a rounding bottom pattern, highlighting the fact buyers remain powerful enough to switch market sentiment and lead prices to new...
Hello Traders
Jerome Powell has spoken and the economy seems to be not so "overheated" and the labor market seems calm after the "spikes" of 2020-2021. This could suggest that perhaps the much talked about interest rate cuts that have been mentioned may be coming. Powell spoke to the Senate informing them of the risks facing the economy. "risks on both sides" and...
- The market has been trading inside a bullish channel from November 2023 to May 2024, taking prices 6750pts to 8260pts ; the long-term trend was then bullish.
- As we approach the end of the trading season (Sell in May and go away), the market, which was already trading at an all-time high, started to consolidate inside a lateral rectangle.
This configuration...
- The market is trading inside a bullish channel started mid-june ; the short-term trend is then bullish.
- Over the last few days, we could notice a lack of strength as the market registered the last three tops.
This trend slowdown has been highlighted by a bearish divergence with the RSI indicator.
Both moving averages remain however bullish.
- Despite...
Hello Traders,
Today I want to pitch you a very interesting idea!
Baidu (Ticker AT:BIDU.US) the famous "Chinese Google" is going to die with the AI market and has launched its Ernier 4.0 model being cheaper than OpenAI's GPT4 model. $4.13/million vs $5/million.
Why might we be interested?
Although it is one of the Chinese companies with the highest risk premium...
September US bond futures have had a corrective spike this Friday following the non-farm payrolls (NFP) news. Since April it has been showing how the news of possible rate adjustments by the Fed have been consolidating the US bond to the upside. At the moment, if we look at the rise in gold and bonds, it tells us that it is becoming very interesting for the market...
- The market trades inside a slightly bearish channel, which took place following a 6-months bullish trend that sent prices to a new all-time high above $73K.
This consolidation started in March 2024, comes as a correction of the underlying bullish trend so far.
- However, with this week's new sell-off, Bitcoin is testing a key short-term support sell-off around...
Hello Trader,
The cloud enterprise sector is starting to anticipate a number of gray clouds and it is starting to look like there are several companies favored to get their act together or fall off the AI Boom list.
The Cloud services industry includes giants such as:
- Salesforce(NASDAQ:CRM)
- MongoDB(NASDAQ:MDB)
- WorkDay(NASDAQ:WDAY)
With BVP Nasdaq...
This day is Non-Farm Payrolls release day. U.S. employment growth has shown a slowdown with the unemployment rate holding steady at around 4% which gives the Fed room to control inflation without risk of recession. Today's Friday showing that annual wage growth is rising at its slowest pace in three years could put inflation on track to rise with Fed tightening....
Copper giant Codelco has reduced its production for another quarter, although it is expected to improve its data for the second quarter. Yesterday's close in the UK saw all metals mining companies close the market higher ahead of the parliamentary elections which look very much on track for a possible Labour victory. Precious metals and industrial metals mining...
- The market has been registering lower highs and lows for 6 weeks ; the short-term trend was then bearish.
- During that period, the market has evolved inside a bearish wedge pattern, a configuration that usually appears at the end of a bearish trend.
Indeed, this chart pattern is usually seen as the sign that sellers are becoming less and less powerful/numerous...
