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Fundamental Analysis

GHX GamerCoin I am not a financial advisor; this analysis is based solely on technical indicators and trends. Please consult a professional financial advisor for personalized investment advice. If the price maintains its current support level and breaks above $0.1861 (0.382 Fibonacci), it could move toward $0.2259 or higher, aiming for 0.618 Fibonacci at ~$0.2657+. If bearish momentum continues and the price drops below current support, it may retest lower levels The price is currently near its recent lows, which could act as a long-term support zone or buying opportunity. Beyond the 0.236 level, volume significantly decreases, meaning there could be a price acceleration if the price breaks out upward. The community strongly believes it will reach its fair price of 1$+. While $1+ may not be out of the question for GHX in the long term, achieving this goal likely depends on both project fundamentals and favourable market conditions. The technical indicators on the chart suggest that the token would need to break several strong resistance zones before this milestone can be reached. gamerhash.com
Long
by Vlad_Tesla
BTC - InterView 23.12.2024Good week friends An amazing week awaits us after a quality correction we returned to our trading range Christmas this week for our American friends the stock market closes early on Tuesday, and there is no trading at all on Wednesday. For me the chart looks good and is going to rise strongly in the immediate time frame after a very high-quality and healthy correction of about 13% on the chart of the market king "Bitcoin" An excellent news environment awaits us this week that will give us a lot of fuel to continue the upward trend On Monday 23.12.2024 The CB Consumer Confidence Index awaits us at 17:00 Tuesday Although the stock market closes early we have two important news Monthly Durable Goods Orders at 15:30 New Home Sales at 17:00 Wednesday 25.12.2024 The stock market is completely closed - Christmas. Thursday 26.12.2024 Initial claims for atab fees at 15:30 Crude oil stocks at 18:00 Green Week in the IDF, good luck
Long
by FineMei
Bitcoin’s Christmas Trap: Be Cautious🚨 Bitcoin’s Christmas Trap: Be Cautious 🚨 CRYPTOCAP:BTC Alert As the festive season unfolds, Bitcoin has soared to an impressive $95,233.00. While this rally might spark excitement, investors should tread carefully. History warns us of Bitcoin’s holiday volatility, where quick gains can be followed by dramatic drops. --- 🔍 Key Insights to Keep in Mind: 1️⃣ ⚡ Market Volatility: The crypto market is notorious for its unpredictability. Rapid price surges often precede steep corrections. 2️⃣ 📈 Historical Trends: December has been a rollercoaster month for Bitcoin, with sharp gains sometimes overshadowed by sudden sell-offs. 3️⃣ 🌎 External Influences: Global economic shifts, regulatory updates, and investor sentiment can swing Bitcoin’s price unexpectedly. --- 💡 Tips for Smart Investing: 🧠 Stay Updated: Keep a close watch on market news and trends to make informed choices. 📊 Diversify Wisely: Spread your investments across various assets to reduce risks. ⏳ Avoid Impulses: Resist making hasty decisions based on short-term price movements. --- 📌 Final Thought: While the holiday season might inspire optimism, approach Bitcoin investments with caution. Align your decisions with your financial goals and risk tolerance. Stay sharp, stay safe, and invest wisely!
BINANCE:BTCUSDShort
by AlphaBull-Trading
Palantir ($PLTR): Positioned for Major Upside Palantir Technologies ( NASDAQ:PLTR ) just announced a game-changing partnership with Anduril, SpaceX, OpenAI, and other private sector giants to form a consortium targeting U.S. government contracts. This move positions NASDAQ:PLTR as a key player in the tech-defense ecosystem, directly competing against the traditional military-industrial complex. With this strategic backing from innovative companies, Palantir is poised for long-term growth and a potential re-rating of its value. Key Highlights: • Increased exposure to high-value government contracts. • Diversified partnerships across AI, aerospace, and defense. • Strong momentum in the defense-tech sector. Technically, NASDAQ:PLTR continues to show solid support levels, with the potential for a breakout as these partnerships materialize. Watch for volume spikes and news updates for entry opportunities!
NASDAQ:PLTRLong
by justin_p_mcfarland
1
IO Weekly Technicals Review [2024/51]: Bearish Trend StrengthensSGX TSI Iron Ore CFR China (62% Fe Fines) Index Futures (“SGX IO Futures”) fell last week, closing USD 3.82/ton lower by 20/Dec (Fri). SGX IO Futures opened at USD 104.45/ton on 16/Dec (Mon) and closed at USD 100.63/ton on 20/Dec (Fri). Prices briefly touched a weekly high of USD 105.80/ton on 17/Dec (Tue) and a low of USD 99.80/ton on 20/Dec (Fri). It traded in a range of USD 6/ton during the week, which was wider than the prior week. Prices tested the pivot point of USD 104.60/ton at the start of the week and closed below the S1 point of USD 101.85/ton. Volume peaked on 19/Dec (Thu), as iron ore prices declined by 0.9%, as the PBoC kept its loan prime rates unchanged. Iron Ore Fundamentals in Summary Iron ore prices declined for the week ending 20/Dec, following the PBoC's decision to keep loan prime rates unchanged on 19/Dec. Earlier optimism over China’s 2025 monetary policy easing plans faded after the rate pause dampened market sentiment. Australia’s Department of Industry, Science and Resources said in a quarterly outlook that iron ore prices will average USD 80/ton in 2025 and then drop to USD 76/ton in 2026. With the US dollar touching a two-year high, Iron Ore prices are turning bearish with markets awaiting China’s next move to support its economy. China's port iron ore stockpiles inched up 0.01% to 145.85 million tons in the week ending 20/Dec, according to MMI data . Based on seasonality, SGX IO Futures Jan contract traded 18.8% below its last 5-year average (USD 123.99/ton). Short-Term Moving Averages Indicate Reversal in Bullish Trend The 9-day moving average crossed the 21-day moving average from above, culminating in a death cross on 20/Dec (Fri). This signals the potential onset of a bearish trend. Long-Term Averages Signal Potential Beginning of a Bearish Trend IO prices tested the 200-d SMA at the start of the week but sharply fell, closing below the 100-d SMA by the end of the week. This indicates the beginning of a bearish trend as prices fell below both the long-term moving averages. MACD Points to Growing Bearishness, RSI Inches Towards Oversold Territory The MACD indicates a growing bearish sentiment starting from 18/Dec. Meanwhile, the RSI is at 40.60 and is inching towards oversold territory treading below the midpoint, while the RSI-based moving average is at 51.90. Volatility Inched Down, Price Closed Below 23.6% Fibonacci Level Volatility declined moderately last week. Prices tested the 50% Fibonacci level at USD 105.4/ton at the start of the week but quickly declined in the week to close below the 23.6% Fibonacci level at USD 100.35/ton. Going forward, the 23.6% Fibonacci level will act as resistance while the 38.2% level at USD 103.15/ton will act as the support. Selling Pressure Intensified, Price Trading at Low Volume Nodes Selling pressure continues to dominate and has grown stronger since the start of December, according to the Accumulation/Distribution (A/D) indicator. The price is trading at a relatively low-volume node. Price also closed the week below the lower Bollinger Band. Iron Ore Prices Likely to Fall in December Despite Seasonality Iron ore prices generally increase in December due to seasonal patterns that prompt restocking in anticipation of China's Lunar New Year, driven by higher demand for steel production. However, it looks like in December 2024, prices will likely decline. IO Futures Only Aggregate Exposure Financial Institutions (FIs) and Managed money are net long with 124.7k and 26.6k lots across all futures expiries. Physical market participants and Others are net short with 110.1k and 41.2k lots across all futures expiries. Overall futures open interest as of 13th Dec 2024 stood at 1,259,936 lots. Source: SGX IO Futures & Options Aggregate Exposure Financial Institutions (FIs) and Managed money are net long with 121.5k and 37.1k lots across all futures & options expiries. Physical market participants and Others are net short with 117.6k and 41k lots across all futures & options expiries. Overall futures & options open interest as of 13th Dec 2024 stood at 1,565,080 lots. Source: SGX Historical Futures Aggregate Exposure by Market Participants Physical participants have switched from net long to net short over the last quarter. Managed Money has shifted from net short to net long. Financial Institutions continue to hold net long positions since the second quarter of this year. Source: SGX Hypothetical Trade Setup Despite expectations of seasonally strong demand ahead of the Lunar New Year, market sentiment for SGX Iron Ore remains bearish. China's sluggish economic recovery suggests a rebound may hinge on monetary policy easing in 2025. Additionally, technical indicators reinforce the bearish outlook, with prices falling below both short- and long-term moving averages. A short position on SGX Iron Ore could be a strategic way to express this view. We propose a hypothetical trade setup involving selling the SGX Iron Ore January Futures Contract at USD 102/ton, with a stop loss at USD 105/ton and a target price of USD 97/ton, yielding a reward-to-risk ratio of 1.67x. Each contract provides exposure to 100 tons of iron ore, resulting in a potential gain of USD 500/lot ((102 - 97) x 100) against a risk of USD 300/lot. This calculation excludes transaction costs, such as clearing broker and exchange fees. The SGX requires a minimum initial margin of USD 1,188/lot and a maintenance margin of USD 1,080/lot. DISCLAIMER This case study is for educational purposes only and does not constitute investment recommendations or advice. Nor are they used to promote any specific products, or services. Trading or investment ideas cited here are for illustration only, as an integral part of a case study to demonstrate the fundamental concepts in risk management or trading under the market scenarios being discussed. Please read the FULL DISCLAIMER the link to which is provided in our profile description.
SGX:FEFX2024Short
by MintBulkCommods
Long MLP ETF & Short Micro Nat Gas Futures on Shifting SeasonaliHenry Hub Natural Gas (US LNG) prices have surged 46.2% since November 2024, driven by colder weather forecasts, rising European gas prices, increased feed gas to U.S. LNG facilities, and expectations of stronger domestic and European demand. US LNG prices typically climb in winter as U.S. heating needs spike, with the December-March period marking a net drawdown in storage. However, the recent rally has been volatile. Shifting weather forecasts triggered fluctuations, including a sharp 7.6% one-day drop on 27/Nov. Source: CME CVOL Turbulent fundamentals, choppy weather, and uncertain geopolitics have forced implied volatilities on US LNG to spike to levels of 99.47 on 20/Dec, unseen over the last 12 months. Supply concerns in Europe have further supported the uptrend. In reducing reliance on Russia, EU’s demand for US LNG has intensified, which accounted for 48% of the imports in H1 2024. US LNG exports increased to 14 bcfd in December, up from 13.6 bcfd in November, reflecting strong activity. For 2024, US LNG shipments are projected to reach 86.9 million metric tons, about 720,000 tons (0.8%) higher than in 2023, reports Reuters . Trump’s re-election has fired up optimism of accelerated LNG project approvals, increased drilling, & relaxed pipeline regulations, potentially boosting US LNG exports. DATA CENTRES TO DRIVE ELECTRICITY CONSUMPTION GROWTH The growing adoption of AI-driven technologies and the expansion of data centres are significantly increasing electricity demand, placing utilities at the forefront of powering the tech industry's rapid evolution. Source: IBISWorld Deloitte projects U.S. data centre electricity demand to rise sharply reaching 515–720 terawatt-hours (TWh) by 2030 (up from 180–290 TWh in 2024; CAGR of 17%). Tech giants are turning to renewables and nuclear energy to meet rising energy needs. However, challenges with wind and solar intermittency, alongside the delayed rollout of modular nuclear reactors, make natural gas indispensable. Source: EIA STEO US LNG remains dominant, generating 43% of U.S. electricity. It is solidifying its role as the backbone of tech energy needs. MIDSTREAM GAS COMPANIES PRIMED TO BENEFIT FROM TRUMP’S SECOND TERM Trump’s support for US oil & gas is expected to push production up. LNG exports surged under his administration, rising from 186.8 Bcf in 2016 to 2,390 Bcf in 2020. Source: EIA While increased supply could exert downward pressure on US LNG prices, particularly as winter demand wanes, lower gas prices benefit utilities by improving cost efficiency. Additionally, rising electricity demand supports pipeline, LNG infrastructure, & midstream gas companies, which are less exposed to price fluctuations than drillers. Performance of midstream energy stocks is a function of production volumes & pipeline capacity rather than energy prices. Record U.S. oil production has kept pipeline utilization rates high, supporting midstream revenues. However, infrastructure deficits in key regions have created transportation bottlenecks, leading to backlogs. The completion of new pipelines, storage units, processing facilities, and export terminals will ease these supply constraints. A Trump presidency could expedite the approval of LNG transport infrastructure. LNG exports remain a key growth driver as new terminals and processing plants come online. Even if US LNG prices fall to USD 2/MMBtu, producers will remain profitable due to higher global LNG pricing. The US is the largest LNG exporter and is set for further growth. The EIA projects LNG exports to rise by 15% to nearly 14 Bcfd in 2025, driven by increased capacity. MLP ETFs CAPTURE US ENERGY OUTPUT GROWTH WITH REDUCED EXPOSURE TO PRICES To capitalize on the expected growth in natural gas production, exports, and supply infrastructure, there are many alternatives. Investing into listed Master Limited Partnership (MLP) is one among them. An MLP is a publicly traded entity that combines the tax benefits of a partnership with the liquidity of listed stocks. MLPs manage midstream infrastructure like pipelines, storage, & processing facilities for transporting and processing oil & gas. The main drawback of MLPs is their complex tax form, potentially leading to higher taxes upon investment exit. To address this, an MLP ETF, which invests in a diversified group of MLPs focused on energy infrastructure, offers convenience of trading, diversification, high dividend yields, and simplified tax reporting. The low correlation to underlying energy prices has made MLP ETFs increasingly attractive to investors over the past year. These ETFs are the only one in energy segment to attract inflows in 2024, while broader energy and other subsectors faced outflows, according to ETFTrends.com . The largest MLP ETF in the U.S., the Alerian MLP ETF ( AMEX:AMLP ) recorded USD 1.30 billion in net inflows over the past year, while the Energy Select Sector SPDR ETF (XLE) and Vanguard Energy ETF (VDE) saw outflows of USD 3.24 billion and 745.2 million, respectively. Since 2015, on average, AMEX:AMLP has gained 2.7% in January, while $Henry Hub has increased by 6.8%. Additionally, the ETF has exhibited a lower standard deviation, indicating less volatility. AMEX:AMLP tracks the Alerian MLP Infrastructure Index ( LSE:AMZI ), which comprises North American-based energy infrastructure MLPs generating most of their cash flow from fee-based midstream activities. With an AUM of USD 9.6 billion, AMEX:AMLP is the second-largest energy ETF. The ETF has a yield of 7.87% and an expense ratio of 0.85%. The ETF’s largest holdings are major MLPs, such as ENERGY Transfer, NYSE:MPLX , and ENERGY Products Partners, among others. HYPOTHETICAL TRADE SETUP The AMEX:AMLP gained significant investor attention post-Trump’s re-election, with net inflows of USD 518.2 million from 06/Nov to 20/Dec, including USD 152 million on 06/Nov—the highest in the past year. Its appeal lies in a healthy yield, low sensitivity to interest rates, and a fee-based model that stabilizes cash flows, making it less volatile than other energy subsectors. Looking ahead, MLP yields are expected to remain attractive as interest rates decline. However, since the start of December, AMEX:AMLP fell sharply while the $Henry Hub gained 17%. This correction in the AMEX:AMLP prices offers a compelling entry-level, given the favourable macroeconomic conditions and positive seasonality going into January. Bullish drivers aside, risks to the downside exist from policy shifts and weather linked price volatility. Portfolio managers who wish to invest into AMEX:AMLP ETF could consider hedging the downside risk using CME Micro Natural Gas Futures. Each lot of Micro Natural Gas Futures represents 1,000 MMBtu. CME Micro Natural Gas Futures contract expiring in February 2025 (MNGG2025) settled at 3.412/MMBtu last Friday. On that basis, each lot of MNGG2025 represents a notional value of USD 3,412. For the spread trade to be effective, a portfolio manager will require 72 shares of AMLP ETF to hedge against one lot of CME Micro Natural Gas Futures. This paper posits a hypothetical trade setup consisting of long 72 shares of AMEX:AMLP and short 1x CME Micro Henry Hub Natural Gas February Futures Contract (expiring on 01/Feb). An entry at 13.9 coupled with a target at 16.1 and stop-loss at 12.6 delivers a 1.27x-1.62x in reward-to-risk ratio. MARKET DATA CME Real-time Market Data helps identify trading set-ups and express market views better. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs tradingview.com/cme . DISCLAIMER This case study is for educational purposes only and does not constitute investment recommendations or advice. Nor are they used to promote any specific products, or services. Trading or investment ideas cited here are for illustration only, as an integral part of a case study to demonstrate the fundamental concepts in risk management or trading under the market scenarios being discussed. Please read the FULL DISCLAIMER the link to which is provided in our profile description.
AMEX:AMLPLong
by mintdotfinance
PRODIGAL SOLANA?Today, on this idea, I'm not going to disclose my position on the header. Nevertheless, I'm still overall bearish on the contract . I have marked out a bearish order block in the 4H timeframe, currently the block of orders is being mitigated, and I've marked out the 50% level of the order candle of which I expect price to respect before a possible trend continuation . I'm not placing orders yet, I'll look to seek entry levels at my intermediate timeframe and my lower timeframe (an advice). So back to the question, are we going to see a prodigal BYBIT:SOLUSDT.P ? IMO Hell naw! (Surprised on my precised answer? Lol), Psychologically speaking; festive periods are bad periods for long trades (I will tutorial on that). Now that we know its most unlikely that Solana will go back to papa anytime for now, when should we expect this bloody race to end; SOON! This will lead to the AltSeason , Long investors should not be worried, and this is a good period for accumulation of these alternative coins and tokens ahead of what's big. The cashout level? That's where my swing liquidity lie (and if market dumps more, we should see a bloody $175 - $166 been broken, the latter is a wild expectation). Remember to DYOR. LEAVE A FOLLOW!
Short
by earthtraderx
2
NVIDIA $NVDA | FALL OF THE CHIP KING, WHO'S UP NEXT? - Dec22'24NVIDIA NASDAQ:NVDA | FALL OF THE CHIP KING, WHO'S UP NEXT? - Dec22'24 NASDAQ:NVDA BUY/LONG ZONE (GREEN): $136.25 - $149.00 NASDAQ:NVDA DO NOT TRADE/DNT ZONE (WHITE): $133.00 - $136.25 (can be extended to $127.25 - $136.25) NASDAQ:NVDA SELL/SHORT ZONE (RED): $118.25 - $133.00 (can be extended to $118.25 - $127.25) NASDAQ:NVDA Trends: NASDAQ:NVDA Weekly Trend: Bullish NASDAQ:NVDA Daily Trend: Bullish NASDAQ:NVDA 4H Trend: Bearish NASDAQ:NVDA 1H Trend: Bearish NASDAQ:NVDA stock has been in a downtrend since their last earnings release on Nov20, who will become the next trillion-dollar chip maker? Trying a new style of analysis. Previously would erase the zones that I would reference in the past, but now I will include them, as I have been constantly updating my NASDAQ:NVDA analysis for other to use and follow along. After we saw the fall from the Nov20 earnings report, price pulled back to the previous price level the day of earnings release, before tumbling back into the bearish zones. The down trend has not been broken for NASDAQ:NVDA , but bulls should look for a break above 136.25 and bears should look for continuation below 133.00 or 127.25. I will link below my previous NASDAQ:NVDA analysis, along with my NASDAQ:SMCI analysis and NASDAQ:AMD analysis! This is what I would personally look at before entering trades, everything is subject to change on a daily basis and as I analyze different timeframes and ideas. ENTERTAINMENT PURPOSES ONLY, NOT FINANCIAL ADVICE! trendanalysis, trendtrading, priceaction, priceactiontrading, technicalindicators, supportandresistance, rangebreakout, rangebreakdown, rangetrading, chartpatterntrading, chartpatterns, spy, sp500, s&p, fed, federalreserve, fedrate, fedratecut, interestrate, jeromepowell, fedchair, 50bps, volatile, volatility, nvidia, nvidiapricetarget, nvdatrend, nvidiatrend, nvdasetup, nvidialongs, nvidiashorts, chipmakers, smci, amd, supermicro, advancedmicro, chipmakertrends, newchipmakers, trilliondollarchipmakers, nvidiaproducts, nvidiachips, nvdachips, nvdatrend, nvdaprice, nvidiaprice, nvidiaanalysis, nvidiasetups, nvdaideas,
NASDAQ:NVDA
by TonyAiello
HBI - Daily - Bull Target Reach"Click Here🖱️ and scroll down👇 for the technicals, and more behind this trade!!! ________________________________________________________ ________________________________________________________ ======================== ..........✋NFA👍.......... ======================== 📈Technical/Fundamental/Target Standpoint⬅️ Technical Analysis: - Price Manipulation: The price of the asset has likely been artificially influenced since October 18th, 2024, suggesting a potential reversal towards the $7 price level in the first quarter of 2025. - Low Bot Activity and Volatility: This indicates a less chaotic market environment, potentially making price movements more predictable. - Bearish Trend Change: A shift towards a bearish sentiment on the daily chart was confirmed on December 19th, 2024. Fundamental Analysis: - Stagnant Growth and Profitability: Annual growth and profitability have remained relatively unchanged since 2020. - Modest Earnings Growth: Earnings have shown a slight increase in the past three quarters, but not a significant breakthrough. 🌎Global Market Sentiment⬅️ - Seasonal Trends: While December typically sees a positive close for the Russell 2000, January is historically known for a bearish close. This seasonal pattern could influence the asset's direction. ================================= ...🎉🎉🎉Before You Go🎉🎉🎉… ================================= Leave a like👍 and/or comment💬. We appreciate and value everyone's feedback! - assetsandcoffee📈☕"
NYSE:HBIShort
by RoninAITrader
DISCOUNT LIQUIDITY HUNT (A potential 5RR trade)I'll just be brief with the description as the chart is easy to comprehend. We witness a sudden spike in price reversing the previous downtrend (but are the bears done? Lol that's a topic for another day). We will just seek to trade while the trend last. In this chart I have defined good trade areas, we will look to trade IRL to IRL. While the market structure was being shifted, a level of imbalance was created, and we're seeking the market to correct and fill this imbalance before it decide where to trade next. The imbalance lies within our discount level which is a good buy, and different levels are being pointed out in the chart. You can decide to trade at my entry level or buy at the IOFED level (which is perhaps most appropriate lol). LEAVE A FOLLOW!
Long
by earthtraderx
$BITF - Time to Shine?NASDAQ:BITF This stock have been relatively unimpressive since its big rally in March 2024. Bitfarms Ltd. NASDAQ:BITF presents a compelling bullish opportunity for investors as the company positions itself for significant growth. Despite underwhelming performance since its March 2024 rally, recent developments suggest potential for higher prices in the months ahead. With Bitcoin crossing the $100,000 mark, Bitfarms is well-positioned to capitalize on increased cryptocurrency adoption. Its synthetic HODL strategy, which saw a 286% rise in long-dated Bitcoin call options, reflects confidence in higher Bitcoin prices, further supporting its bullish outlook In conclusion, Bitfarms’ strategic upgrades, market positioning, and Bitcoin’s bullish environment support a favorable outlook. Investors seeking exposure to the cryptocurrency mining sector may find NASDAQ:BITF an attractive candidate for medium- to long-term growth. I will post further Exit/ TP objective as we see NASDAQ:BITF move out of its current consolidation.
NASDAQ:BITFLong
by WolfAdams
HolderStat | BTC is rising. Will it break through $100K?📈 Bitcoin price jumped to $98,120 (+5% overnight), but trading volumes are down 10%. Meanwhile, funding rates remain low and total open interest in futures is up 1.3% - the market is preparing to move, but where to? 💸 Outflows from BTC ETFs have slowed but are still significant, and strong resistance at $100K remains unbroken. The nearest support is far away - at $93K. Interestingly, top wallets are refraining from activity on this correction so far. _____________________ 📊 Want more useful analytics? Like and subscribe to stay up to date with the most relevant trading ideas! Always DYOR! 🔬
by HolderStat
1
DOT. Consolidation & Recovery. Ready for the Next Breakout.BINANCE:DOTUSDT At the moment, I believe most altcoins have hit their lows, making this an excellent opportunity to look for entry points. After reaching their minimums, prices have entered consolidation phases and started to recover gradually. I expect a return to the structure, brief sideways trading, and a subsequent upward breakout. The $7.5–$6.7 range looks quite appealing for buys, with targets at $9.712–$11.649. DYOR.
Long
by trendbooster
USD/JPY calm as BoJ Core CPI risesThe Japanese yen is showing limited movement on Tuesday. In the North American session, USD/JPY is trading at 157.33, up 0.11% on the day at the time of writing. The yen is having a dreadful time as it continues to lose ground against the strong US dollar. Since Oct. 1, the yen has plunged 9.5% and the yen's woes could force the Bank of Japan to intervene on the currency markets in order to prop up the ailing currency. The BoJ Core CPI index, which is closely watched by the central bank, rose to 1.7% y/y in November, up from 1.5% in October and above the market estimate or 1.5%. This release follows last week's national headline inflation release, which jumped to 2.9% in November from 2.3% in October. This was the highest level since October 2023.  The gain was driven by sharp increases in food and electricity prices. Notably, core CPI, which excludes food, rose from 2.6% to 2.7% and core-core CPI, which excludes food and energy, climbed from 2.3% to 2.4%. Any way you cut it, inflation is moving higher and that has raised expectations that the Bank of Japan will raise rates in early 2025. The BoJ held rates at last week's meeting and BOJ Governor Ueda said that since underlying inflation was only increasing "at a moderate pace", the BoJ could take its time in raising rates. However, with inflation rising and the yen pushing closer to the 160 level, the BoJ could respond with a rate hike as early as January. The BoJ is also concerned with the incoming Trump administration, which has pledged to slap tariffs on US trading partners. Bank policy makers will be nervously watching if Trump moves ahead with tariffs or is his bark worse than his bite. The BoJ meets next on Jan.24, a day after Trump is sworn into office. There is resistance at 157.51 and 157.86 156.93 and 156.58 are the next support levels
by OANDA
1
GRASS. Support Tested, Resistance in Sight. 12/24/24BYBIT:GRASSUSDT The asset price has returned to the price range where support from buyers was previously observed. Support is a level where buyers are willing to purchase the asset, halting its decline. In this case, the range is $2.3437–$1.9320, making it a safe zone to accumulate spot positions, at least targeting the nearest resistance level at $3.4860. Opening a swing position can also be considered. I expect a reversal pattern to form at this support level, signaling a potential trend shift from bearish to bullish (the structure currently forming is highlighted on the chart). Projected movement is outlined on the chart. DYOR.
Long
by trendbooster
1