After opening with a corrective gap on the Eurostoxx 50, after closing at 4,885.74 points, today we have witnessed a strong buying presence . The all-time high of 4,564.03 points , set in 2008, was surpassed on January 12 after a technical rebound following the Epiphany holiday. Since last Thursday, the index seems to have consolidated a range between the new...
Bitcoin has once again staged an impressive rally, hitting two-year highs in the early hours of this past morning. This rally is mainly attributed to signs of capital inflows from ETF funds launched earlier this year. The cryptocurrency has seen an increase of around 10%, bringing its price to $56,293.4.
It is remarkable the change in outlook for Bitcoin, which...
- The American Dollar has regained strength against the Japanese Yen since the start of 2024 and the rebound on the long-term trend line. The market is now trading in a bullish channel, registering higher highs and lows, the medium-term trend is therefore bullish.
- In the shorter term, and since the rebound over 146.42, the market has continued to climb towards...
On Friday, the rising sun market surpassed a significant milestone at 38,957.44 points, surpassing the 1989 trading level , just before the so-called "Lost Decade". During the period from 1991 to 2001, Japan experienced economic stagnation and price deflation, from which it emerged, albeit at a slower pace compared to other industrialized nations. In terms of...
The DAX index starts on an uptrend , boosted by the positive close on Wall Street. Today, several crucial and expectation-boosting releases are expected from the German market, including Q4 2023 GDP growth, which is anticipated to be slightly negative at around -0.3% vs. 0% previously, as well as business sentiment reports from the IFO Institute at the University...
- The market has been trading in a bullish channel since the Q4 2023, the long-term trend is therefore bullish.
The technology stock index benefits from a growing appetite on the part of investors, particularly encouraged by the growth prospects for these assets thanks to the digitalization of economies, the craze for cryptographic markets as well as the boom...
- The Madrid stock market has registered a strong rallye since the end of November 2023, the medium-term trend is therefore bullish.
- More recently, the market has consolidated in a symmetrical triangle chart pattern, between December and today.
Today, the market continues its acceleration with an attempt to clear the upper bound of its symmetrical...
Today, both the Australian and U.S. dollar face two important pieces of news . The Federal Reserve (Fed) will announce its interest rate decision, and a cut is expected due to persistent inflation. However, implementing these significant cuts to control inflation could be challenging, especially with a U.S. president who continues to churn out greenbacks to fund...
Canadian inflation data showing a further drop in January. The next Fed meeting will provide details on rate cuts, and expectations are likely to be missed, which could raise inflation, or at least keep it at its current level. The Bank of Canada meeting on March 6 could bring significant rate changes, possibly with cuts in the second quarter of the year. The...
- the market has been trading in a wide 40$ range, between $80 and $120, since the end of 2023. The medium-term trend is therefore neutral.
- This range interrupted the underlying bullish trend started in the last quarter of 2023. Prices first failed to cross the $120 level, then corrected towards $80 where buyers were numerous and powerful enough to prevent the...
- since the impact below $95 during the 4th quarter of 2023, sellers have clearly taken control of the market. This sharp sell-off took prices to a new low of $68 at the end of December.
Since then, the acceleration of geopolitical tensions in the Middle East and the fear of a widening of the conflict to other nations such as Iran, prices have benefited from a...
Bitcoin has experienced a remarkable resurgence following the approval of Bitcoin ETFs, and one of the main beneficiaries of that revival has been Coinbase, whose share price is closely correlated to the leading cryptocurrency. This development boosted Coinbase's price by 57% in the last quarter, resulting in an incredible 64% increase in transaction revenue to...
- The market has been trading within a bearish channel since the end of December 2023, the medium-term trend is therefore bearish.
- Since the impact over 1.0700, buyers seem to have regained control of the market, taking prices close to the upper limit of their bearish channel.
- Although no significant break of any significant resistance has yet occurred, the...
Today we have witnessed some shocking news that has affected the British Pound , the Japanese Yen and the Australian Dollar. Japanese GDP showed a positive correction, although not enough to meet expectations, while Australian unemployment rates came in positive but below expectations. On the other hand, in the European morning we were faced with negative UK GDP...
- The market trades inside a bullish channel since beginning 2024. The mid-term trend is bullish.
- However, since a new all-time high registered above the 5,000.0pts mark 2 days ago, short-seller seem to have taken control of the market as prices quickly returned to their first support level around 4,970.0pts.
This short-term bearish price action can be...
After yesterday's news about turning the FTSE into a higher weighted index similar to the Nasdaq today we have seen a directional upward correction. The truth is that the London index already lived through a dot.com bubble in the 90's, and although this value weighting is currently very diversified with a lot of weighting to defensive companies or productive...
- Thanks to expectations of a dovish monetary turnaround in the United States during the 4th quarter of 2023, GOLD benefited from the weakness of the US dollar and recgistered higher highs and lows. The medium-term trend was therefore bullish.
- Since the start of 2024 and the end of hopes for rapid rate cuts, the yellow metal has come under pressure from a rise...
It is essential to understand the dynamics and correlation between the main European indices and the EuroStoxx 50. The EuroStoxx 50 is mainly influenced by the German DAX and the French CAC40, showing a strong long-term correlation between these indices. Although this high relationship is evident in the three major indices , it is not observed to the same extent...
