BlackBull Markets does technical analysis on how to determine support and resistance levels using the S&P500 especially over the most recent market fall of 5% which is the largest fall in 20-years.
The death of Queen Elizabeth II on Sept. 8 beaconed a new era for the UK, coming on the heels of Elizabeth Truss taking office as prime minister and heralding the proclamation of King Charles as the new monarch.
These changes could be overwhelming for a country that has known only one monarch for 70 years. Even more daunting is that these changes happened amid...
US dollar bulls have seemingly halted their accension as they wait for the U.S. inflation data that is due this Tuesday.
The market is predicting that August's headline CPI may edge lower by 0.1%, further strengthening the case that US inflation has peaked.
Even so, it is said that the US dollar has priced in an 85% chance of a 75-basis-points rate hike from...
It was announced today that the Queen has passed away today after a 70 year reign. We look at whether this has affected the pound. For GBP/USD the market has not been affected as significantly as traders may have thought, considering the overall negative market sentiment.
The pound dollar continues to consolidate within the range indicated with the daily RSI...
For the last couple of months, the EUR has maintained a weak position against many of its trading partners. This includes the Canadian dollar.
The Canadian dollar has benefitted immensely from the high cost of crude, in addition to the Bank of Canada (BoC) moving much faster than the European Central Bank (ECB) to start hiking interest rates in the face of...
For the last couple of months, the EUR has maintained a weak position against many of its trading partners. This includes the Canadian dollar.
The Canadian dollar has benefitted immensely from the high cost of crude, in addition to the Bank of Canada (BoC) moving much faster than the European Central Bank (ECB) to start hiking interest rates in the face of...
Shares of Reliance Power (NSE: RPOWER) have been volatile after the Indian electric company secured a long-term debt agreement for up to 12 billion rupees ($150.4 million) from private equity firm Varde Partners, a US based investment firm focused on distressed assets in India.
RPOWER announced the deal on Sept. 5, sending its shares surging and at close of...
Is the Nas100 losing steam on its downward momentum? The RSI has cooled down to previously seen levels, however the value is a lot higher.
This price action could signal a reversal point for tech stocks.
Stock investments by US House Speaker Nancy Pelosi and her husband, venture capitalist Paul Pelosi, are again in the spotlight after shares of Nvidia (NASDAQ: NVDA) declined again after the pair reduced their interest in the semiconductor company.
Pelosi is the first female Speaker of the US House of Representatives and second in line to the presidency (after...
The Reserve Bank of Australia (RBA) will release its interest rate decision on Tuesday September 6. Forecasts are for another half-percent increase in the cash rate. If forecasts hold up, Tuesday’s rate hike will be the fourth consecutive 50-basis-points increase from the RBA, lifting the cash rate to 2.35% from the current 1.85%.
Still, even with another rate...
At August’s close, the USD can be said to have performed exceedingly well against its trading partners. The DXY climbed 3.2% over the month. Now it heads into a very important Non Farm Payrolls result, and investors will be looking for clues as to the USD’s next move.
The Non Farm Payroll data for August is released on September 2, 2022, and is perhaps more...
As the UK will announce a new Prime Minister on September 5th, we might expect heightened volatility in the GBP in the days before and after the election result. Moreover, the new policymaker has the potential to change the long-term trend of the pound, with the potential reforms conducted impacting the UK economy.
Only a few days remain until the new prime...
As the UK will announce a new Prime Minister on September 5th, we might expect heightened volatility in the GBP in the days before and after the election result. Moreover, the new policymaker has the potential to change the long-term trend of the pound, with the potential reforms conducted impacting the UK economy.
Only a few days remain until the new prime...
The dollar yen seems to have reached the top of the bollinger band channel suggesting that the movement may be running out of momentum whilst topping out against a previous local high. The RSI yet again fails to put in new highs, are we about to catch the top?
We're looking forward to finding out.
Twitter Inc . (NYSE: TWTR ) is on track to closing August on the red as billionaire Elon Musk finds new reasons to back out of his $44 billion deal to take over the social media company.
The company closed Aug. 30 just below $40.00. Over the last 30 days, the company peaked at $44.99, much lower than Musk's $54.20 per-share offer.
Amid the ongoing takeover...
Could we be nearing a bottoming range for the GBPUSD chart? We've been downtrending for a year and 2 months however we can see that the RSI is failing to put in new lows, this could be suggesting that we are well overdue for some bullish price action or at least a relief rally.
Let's keep an eye on this chart and see when our Supertrend flips green as its...
Ethereum's long-awaited “Merge” is expected to occur around Sept. 15, and is heralding fresh interest for the platform as it transitions to proof of stake from proof of work.
The Merge is considered as the most significant upgrade in Ethereum's history that is expected to reduce the platform's energy consumption by 99.95%.
Considering the benefits and the...
Oil has broken out of a sustained downtrend after forming a W bottom on the daily timeframe and subsequently pushing up and out of the bearish channel. Is oil bullish once again? Historical data seems to point towards more upside.
