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XAUUSD | GOLDSPOT | New perspective | follow-up detailThe Federal Reserve delivered a surprise 50 basis point rate cut, sending gold prices skyrocketing past $2,600! 🤯 This larger-than-expected cut underscores the Fed's commitment to maintaining low unemployment as inflation continues to ease. 📉 🚨 Gold prices surged past $2,600, reaching all-time highs as speculation grows that the Fed will keep lowering borrowing costs. Along with rising geopolitical tensions in the Middle East, global central banks are now expected to follow the Fed's path of easing monetary policy and slashing interest rates. 🌍 The Fed’s December 2024 fund rate futures suggest another significant drop, with 53 basis points expected across the final two meetings this year. Markets are now pricing in a 25 bps cut in both November and December. 📅 What’s Next? Looking ahead to next week, key Fed figures like Atlanta Fed’s Raphael Bostic, Chicago’s Austan Goolsbee, and Minnesota’s Neel Kashkari will take center stage. Important data releases, including S&P Global Flash PMIs, housing data, and the Fed’s preferred inflation gauge, the Core Personal Consumption Expenditures (PCE) Price Index, will also play a vital role in shaping the XAU/USD outlook. 🔍 In this video, we analyze the technical structure of the gold chart and key fundamental factors to prepare for next week's trading. XAUUSD Technical Overview: This week, we're focusing on the $2,590 zone. This could be a make-or-break point. If gold stays above this zone: Bulls might maintain control, potentially pushing prices higher and setting up new highs. If gold drops below the zone, Bears might gain the upper hand in an attempt to retrace into the structure-support line of the ascending channel. Join me as we explore these factors and potential opportunities in the gold market. Like, subscribe, and hit the notification bell for the latest analysis and insights! 📌 Follow my journey as I map out the next moves in this dynamic market! #GoldPrices #XAUUSD #FederalReserve #InterestRates #JeromePowell #RateCuts #MiddleEastTensions #GoldTechnicalAnalysis #FOMC #MarketAnalysis #Inflation #GoldTrading #ForexTrading📺🔔💼 Disclaimer Notice: Trading in the foreign exchange market and other instruments carries a high risk and may not be suitable for all investors. The content provided here is for educational purposes only. Evaluate your financial situation and consult with a financial advisor before making any investment decisions. Past performance is not indicative of future results.
SAXO:XAUUSD
by darcsherry
1
VKTX Stock Soars to Record HighsViking Therapeutics (NASDAQ: NASDAQ:VKTX ) sent shockwaves through the biotech industry as it accelerated its timeline for a groundbreaking obesity treatment, propelling its stock to unprecedented heights. With the prospect of competing head-to-head with pharmaceutical giant Eli Lilly (NYSE: NYSE:LLY ), Viking's innovative approach promises a potential game-changer in the fight against obesity. Viking Therapeutics Surges on Accelerated Timeline In a surprising move, Viking Therapeutics announced an expedited timeline for the release of crucial data regarding its Eli Lilly-rivaling obesity treatment. The biotech firm now anticipates unveiling the results of its midstage trial for its weekly shot ahead of schedule, aligning with the imminent release of data from its oral drug study. Key Catalysts Driving Value: Leerink Partners analyst Thomas Smith underscores the significance of Viking Therapeutics' ( NASDAQ:VKTX ) accelerated catalyst path, citing multiple upcoming data readouts across obesity and NASH. Smith's bullish report emphasizes the potential for significant value inflection in VKTX shares, reflecting growing investor anticipation surrounding the company's groundbreaking developments. Viking's Dual Approach: Daily Pill and Weekly Shot Viking Therapeutics ( NASDAQ:VKTX ) is pioneering a multifaceted approach to combatting obesity, with two distinct treatment modalities in its pipeline. The company's innovative daily pill and weekly shot hold promise for addressing the diverse needs of patients battling weight-related health issues. Eli Lilly-Rivaling Potential: Implications for the Market With Viking Therapeutics ( NASDAQ:VKTX ) poised to challenge Eli Lilly in the obesity treatment arena, the biotech firm's accelerated timeline signifies a potential paradigm shift in the pharmaceutical landscape. As investors digest the implications of Viking's ambitious pursuits, industry watchers anticipate heightened competition and renewed focus on innovative solutions for obesity and related metabolic disorders. Market Response: In response to Viking Therapeutics' ( NASDAQ:VKTX ) groundbreaking updates, NASDAQ:VKTX stock surged by over 15%, reaching an all-time high of $28.10 in morning trades. The remarkable rally underscores investor confidence in the company's strategic vision and the transformative potential of its obesity treatment portfolio. Conclusion: Viking Therapeutics' ( NASDAQ:VKTX ) accelerated timeline for its Eli Lilly-rivaling obesity treatment marks a watershed moment in the biotech industry. As the company advances towards critical data readouts, the market eagerly anticipates the unfolding of a new chapter in the fight against obesity and related metabolic disorders. With NASDAQ:VKTX stock soaring to unprecedented heights, Viking's bold initiatives are poised to reshape the future of healthcare.
NASDAQ:VKTXLong
by DEXWireNews
Alphabet's ($GOOGL) Hit a 52-Week HighShares of Google-parent Alphabet ( NASDAQ:GOOGL ) hit a 52-week high Wednesday following reports of an impending shake-up in its core advertising business. Sean Downey, who leads Google’s ad business in North and South America, said in a department-wide meeting that the company's 30,000-person ad sales unit would be reorganized, according to people familiar with the matter. He did not specify whether the changes would involve layoffs. The reorganization comes as Alphabet leans on artificial intelligence to generate and place ads on Google, YouTube, and its other platforms. Alphabet generated $54.5 billion in revenue—or 80% of total revenue—from ad sales in the third quarter. Generative artificial intelligence can be substantially cheaper than conventional methods for both ad creators and sellers. WPP, the world’s largest advertising firm, struck a deal with Nvidia in May to create an AI-enabled content development engine. Google is paying to settle an antitrust lawsuit over its Google Google recently agreed to pay $700 million to settle a landmark antitrust lawsuit it was facing, and $630 million of that amount will be set aside for payouts to consumers. The settlement came after Google was accused of using its Google Play Store to dominate Android mobile apps as a monopoly and charge customers higher prices. Lawyers estimate around 102 million people will be eligible to receive some of that money and a good chunk will even be automatically compensated — an estimated 70% of those fully eligible. That's about 71.4 million people. Who is eligible for Google's settlement payout Those who are eligible for payment are described as people who had a "legal address" in the US in their Google payment profile when they bought an app from the Google Play Store or made an in-app payment between Aug. 16, 2016 and Sept. 30, 2023, according to legal documents. The address could have been in any of the 50 states, the District of Columbia, Puerto Rico, or the US Virgin Islands. Technical Analysis $GOOGLE shows strong development within a rising trend channel in the medium long term. The company experiences positive development and buy interest among investors is increasing. $GOOGLE has broken a resistance level in the short term and given a positive signal for the short-term trading range. The stock is testing resistance at dollar 140. This could give a negative reaction, but an upward breakthrough of dollar 140 means a positive signal.
NASDAQ:GOOGLLong
by DEXWireNews
BluetonaFX - USDJPY 150 Finally Broken & Approaching Record HighHi Traders! USDJPY has finally broken its psychological level at 150 with momentum and is now approaching the record high Apex Level at 151.946, and we could possibly reach a new record high this week. Price Action 📊 After weeks of trying to break above the psychological 150 level, the bears' resistance was finally broken, and now the market is trading with momentum, and the 152 handle looks to be the next target. All signals look bullish, although there might still be strong resistance here near the apex level due to it being a record high. Fundamental Analysis 📰 Traders were very disappointed with the BoJ's recent policy decision a couple of weeks ago, and this has really shown in the market. There is serious concern now for the Japanese yen, and the Central Bank will surely have to intervene to stop the yen from weakening further.   Support 📉 141.805: PREVIOUS DAY'S LOW Resistance 📈 151.946: APEX LEVEL Risk ⚠️ No more than 2% of your capital. Reward 💰 At least 4% of your capital. Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Long
by BluetonaFX
6
Should traders be watching Inflation data this week? Definitely!Inflation data from outside the US should pique traders interest this week. Several major economies will be reporting on actual inflation figures experienced during September 2021. Will they match their forecasted values, or will the data follow US inflation and surprisingly creep upward? Who should be watching the inflation data? Traders of the Great British Pound, South African Rand, Euro, Canadian Dollar, and the Japanese Yen should circle these dates in their economic calendars. Why does the Inflation data deserve special attention this week? While inflation data is usually closely watched, the surprising inflation figures released in the US last week means traders should be extra vigilant with their inflation watching. Last week, the US inflation rate (September, YoY) surprised the market by beating expectations. Inflation in the US was expected to report at 5.3%, level with the rate reported in August. However, the actual figure arrived ten basis points higher (5.4%) and returned inflation to the 13-year high seen a month earlier in July 2021. As it stands, Trading Economics is forecasting inflation in the US inflation rate (October, YoY) to rise another ten basis points to 5.5%. If inflation were to cross 5.6%, a new 30-year record would stand (US inflation Jan, YoY, 1991 was 5.7%). Calendar Dates to Circle: United Kingdom, GBP, Inflation Rate YoY September Wednesday, 7:00 pm (NZDT) What is the forecast for Sep: 3.2% South Africa, ZAR, Inflation Rate YoY September Wednesday, 9:00 pm (NZDT) What is the forecast for Sep: 4.9% European Union, EUR, Inflation Rate YoY September Wednesday, 10:00 pm (NZDT) What is the forecast for Sep: 3.0% Canada, CAD, Inflation Rate YoY September Thursday, 1:30 am (NZDT) What is the forecast for Sep: 4.1% Japan, JPY, Inflation Rate YoY September Friday, 12:30 pm (NZDT) What is the forecast for Sep: -0.4%
FRED:MICH
by BlackBull_Markets
SPX: New record high! How to proceed?Hello traders and investors! Let’s see how the SPX is doing today! Once again, we have a new record high, as usual. This is natural, as we have a strong and solid bull trend. Notice how the 21 ema is a reliable support level too, and as long as it keeps above it, the trend will be very bullish. The red line at 4,429 is another technical support, but there’s nothing indicating that it’ll drop to this point. Let’s see the daily chart: The index denied all its possible bearish signs, and it just resumed the trend. And the recent movement reinforces our idea that the 4,429 is the main key point here. As we discussed in our last study, I prefer to use this support to guide myself. If you are on SPX, and are nervous about it, you may just wait for a bearish structure in the 1h chart, like a bearish pivot point or any bearish chart pattern and let the market cash you out. I wouldn't use bearish candlestick patterns in the daily chart, as they fail most of the time. In addition, if the index loses this red line we’ll see a decent pullback. But for now, no bearish structures in the 1h chart, and no bearish signs in the daily chart. I’ll keep you guys updated, and in this case, remember to follow me to keep in touch with my daily analysis. Have a good day.
SP:SPX
by Nathan_The_Finance_Hydra
5
JP: Exports from Japan surged 16.1% year-on-year in MarchMM Analysis Exports from Japan surged 16.1% year-on-year in March, beating consensus expectations for a rise of 11.4%. It's absolute value has reached a recorded high since 2008 financia crisis, showing that a strong recovery momentum has been reflected on Japan's export data. China is still the largest driving country as usual, with a year-on-year increase of 37.2%. Other regions such as the US and europe all rebounded sharply. The annual growth of the three major goods (transportation, machinery, electrical equipment) has all come to a double-digit rebound. Transportation, which was suppressed by the shortage of automotive chips, has finally made a positive change. But the number short-term production of automotive chips still worth attention. Overall, in line with the explosive growth of machinery export orders in February (annual increase of up to 110%, record high in absolute value), it shows that overseas economic are recovering and corporate are more confident to expand its capital expenditures. Japan’s recent manufacturing and exports will still have a certain degree of growth momentum in the future.
TVC:NI225
by MacroMicro_Global
Bitcoin price new record The price breaks above the high of $ 58,000 ($ 48,590), what's the next goal? The price formed a cup-and-handle pattern. And the target price of this is almost $ 73,000 ($ 61,156) The shape of a cup-and-handle is already in the name, it resembles a cup with a handle. The price first peaks, then drops deeply. After that, the price recovers, to its original high. Below that you can now draw a round trend line, that is the cup --> see chart. After this, the course moves in a small channel, this is the handle of the cup, --> imagine this yourself. The price broke out! Then the target is as big as the distance between the highest and lowest point (the green line). In this case, the price can go to nearly $ 73,000 ($ 61,156).
BITSTAMP:BTCUSDLong
by Sharona_vf
SPX: New high! What could trigger a pullback here?Hello traders and investors! Let’s see how the SPX is doing today! The index is in a very strong bull trend, and there are no top, pullback or reversal signs ahead of us! We have a new record high today, which is incredible, but the only thing that bugs me is the volume. Despite the bullish run we had last week, the volume didn’t follow this movement, and in fact, it had decreased. Of course, this alone is not a reason to believe we’ll have a pullback next, as the price is not confirming anything yet , but is something to be aware of. Now, what kind of sign could work as a pullback sign? Let’s see the hourly chart for that: The index is supposed to do pullbacks to the 21 ema, and the trend will remain bullish, but if it loses the 21 ema, then we may consider a sharper pullback ahead, and if it starts trading below the black line at 3870, then the pullback will occur in the daily chart as well. Keep in mind that if these signs trigger a pullback, the index could drop to its purple trendline seen in the daily chart again (meaning, something between 2 – 2.5%) and this is fine. This would be just a pullback and we still would be in a bull trend. Pullback signs are different than reversal signs , which are slightly more complex to identify. But so far, we are good. Follow me to keep updated about my thoughts on the SPX and other stocks, and if you liked this idea, please, support it! Thank you very much.
SP:SPX
by Nathan_The_Finance_Hydra
9
$2000 - THE NEW GOLD ERA - GC1! - 30MN-Perfect nice uptrend angle. -Last Gape has been filled. -Nice rebound on the blue trending line. The GC1! has been showing some intense moments specially during the end of Asian Session and the middle of American Session. The blue trending line could probably be a support next week for a consolidation of the New Gold Era! The Gold above $2000. The Red Horizontal Line is Showing a very Important Support, Marking the History of GC1! Future. Markets always decide so keep this possibility in mind. For the moment the blue uptrend line is solid and possibility could be the broken by a ranging market showing tops at a new resistance line.
COMEX:GC1!Long
by Diallo_Charts_Ideas
3
(2017) History will repeat.🤩🤩💣💣💎Everything I know about cryptocurrency in the global market is suggesting the biggest bull run in the history of Bitcoin. Tiny story about how i started: I have learned so many things since i started in 2011, then i dropped the idea in 2013 due to increasing hash rates individual mining was not efficient and ineffective as well. (pool mining concept was introduced in that time). So, i started trading bitcoin. My experience in Stocks and ETFs is rich. hence i started as a crypto trader, and left the stock market. In these colourful years, i found crypto trading a lot easier than stocks. No gap openings, No time boundaries. The main thing which i’ve loved in this market is that it follows technical analysis very accurately.
COINBASE:BTCUSDLong
by Harshgp
3
SPX set to make new record high above 2900 this monthThe S&P 500 is finally ready to break out and achieve record closes once again. I have identified the zone before the next pullback. The next near-term top should occur by August 23 above 2900. The green box is my starting zone for the top. The black bordered polygon will most likely contain the top. There is strong resistance in this polygon. A short drop should occur after this top before another burst well above 2925 by mid-September. What are the real-world scenarios to likely drive this quick move up? My guess is a trade deal between the US and at least Mexico, possibly Mexico, Canada, EU, and/or China. I still have the actual market top on pace for November 2018. This top should be above 3000, but might not make it to 3100. More to follow.
SP:SPX
by StockSignaler
3