McDonald's stock has surged over 4.5% , reinforcing its bullish momentum, which had been paused after a prolonged neutral phase. Today’s earnings report has been a key driver, as the company posted earnings per share of $2.83 , in line with forecasts, along with a questionable sales figure of $6.39 billion , slightly below the $6.44 billion ...
Amid upside risks from Trump’s tariffs and downside pressures from policies favoring price cuts and overproduction, oil remains highly volatile, trading above key support levels while maintaining its broader downward trajectory from 2022 to 2025.
Critical support zones to monitor include $69.5, $66, and $64, which have acted as key rebound areas since December...
Currently hovering just above the intersection of minor horizontal and uptrend support, with momentum indicators such as RSI (14) and MACD continuing to generate bullish signals, a potential long setup is emerging in silver.
Bulls could consider establishing longs above $31.75, with a tight stop beneath this level or the minor uptrend established on January 27....
During the last trading session, Amazon's stock dropped by more than 3.5% , bringing its price below $230 per share. This sharp decline followed the company's quarterly earnings release yesterday, where it reported earnings of $1.86 per share , surpassing the expected $1.49 , and revenue of $187.79 billion , slightly above the $187.30 billion projected....
Gold pulled back from recent highs as the US dollar and bond yields rebounded on renewed inflation concerns. The University of Michigan’s Inflation Expectations survey surged to 4.3% from 3.3%, raising fears of persistent price pressures. Strong wage growth in January (0.5% month-over-month) further fuelled expectations that the Federal Reserve will maintain its...
In recent sessions, Google's stock has recorded a decline of over 8% in just a couple of trading days, as market confidence weakens following the company's latest earnings report (February 4). Google Cloud services revenue grew by 30% , falling short of the expected 35% , signaling that competition in the cloud sector is becoming increasingly aggressive for...
Sterling turned from confluent resistance today on the heels of the Bank of England interest rate cut. The objective yearly open is eyed at 1.2513 with the upper parallel of the September pitchfork further highlighting the technical significance of this zone.
Support rests with the 61.8% retracement at 1.2261 - losses should be limited to by this level IF...
Gold has been one of the most prominent assets in recent sessions, recording a valuation increase of over 4% in the last five trading sessions. This surge is primarily driven by investors flocking to the safe-haven asset as concerns grow over the economic tensions generated by the White House in recent days. The global economic growth outlook has weakened due to...
The markets remain in a risk-on mode, with major global indices rallying.
Earlier in Europe, the German DAX, the UK’s FTSE, and several other indices hit record highs. The FTSE outperformed due to weak UK economic data, which increased the likelihood of more rate cuts from the Bank of England. While the BoE cut rates as expected, two MPC members voted for a...
Silver continues to respect the extended trendline (May 2024–Jan 2025), marking the upper boundary of an expanding consolidation.
A rebound from $28.80 lifted XAGUSD toward the 32.60 resistance, aligning with the lower border of the Oct 2023–Oct 2024 uptrend, supported by haven demand from Trump Tariffs & Trade Wars.
Retracement risks are rising at the lower...
AUD/USD is testing minor support at .6262 following a failure to break the 50DMA. Whether it holds this level may determine which direction it takes later in the session.
If the price can’t break .6262 convincingly, longs could be established above with a stop beneath for protection. The aim would be to see a retest of the 50DMA with a break of that level...
The latest movements in the EUR/USD pair have been highly indecisive in the short term, with strength constantly shifting between the U.S. dollar and the euro. This is due to the increasingly neutral stance of both currencies, fueled by the ongoing tariff-related turmoil from the White House. Initially, these policies significantly strengthened the U.S. dollar,...
Oil prices have fallen noticeably since Trump’s last minute deal to delay tariffs. Yesterday’s rebound on Trump's "maximum pressure" plan for Iran has proven to be short-lived. The negative effect of a US-China trade war on demand, as well as rising global supplies, is what is holding back prices. Even if Trump hadn’t delayed tariffs on Mexico and Canada, when...
Gold hit another record high today at $2,877/ounce, approaching critical resistance levels at $2,890, $2,920 (the trendline connecting consecutive higher lows between February and November 2024), and the psychological checkpoint at $3,000.
Trade war risks between the world’s two largest economies, the U.S. (Trump) and China, are boosting haven demand for XAUUSD....
EUR/AUD has pulled back after failing to clear the December highs, bringing it within touching distance of uptrend support. With the 50-day moving average just below, it provides a bullish setup.
Longs could be initiated above the uptrend with a stop below the 50DMA for protection. It would be preferable to see the price test and hold the uptrend before...
Chart Analysis:
Bitcoin remains trapped in a broad consolidation range between $91,000 support and $109,000 resistance as price action struggles for direction.
1️⃣ Range-Bound Price Action:
Bitcoin continues to respect the $91,000 - $109,000 range, with multiple failed breakout attempts.
Recent price action suggests indecision, with neither bulls nor bears...
Chart Analysis:
The DAX Index continues its bullish trajectory, maintaining a steady uptrend with prices hovering near recent highs. Despite a minor pullback, the overall trend remains intact, supported by key technical levels.
1️⃣ Uptrend Intact with Rising Support:
The trendline (blue) continues to provide dynamic support.
A shallow retracement suggests...
Chart Analysis:
The U.S. Dollar Index (DXY) has pulled back from its recent highs after testing the 110.00 resistance level. The index remains within an established upward channel, but the latest price action suggests a short-term loss of momentum.
1️⃣ Uptrend Intact but Testing Support:
The index has been trading within a rising channel (highlighted in...
