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The NASDAQ’s rally was capped by the 60-day EMA, as ongoing tariff wars and the Federal Reserve’s reluctance to cut rates-or its intention to keep rates elevated for as long as possible-continue to weigh on investor sentiment. Given these headwinds, there is a risk that the NASDAQ may continue to slump.

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The offshore Chinese yuan (USDCNH) has tested the 7.37 level for the fourth time since October 2022, signaling a potential breakout. Historically, such scenarios often lead to interest rate hikes, as seen with currencies like the Turkish lira, Russian ruble, and Argentine peso during periods of special economic situation. However, trading USD/CNH via CFDs is...

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Gold has rallied since 22 October, with the latest surge starting on 23 October. While the long-term outlook remains bullish, short-term consolidation will not be a surprise

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In early February, JPMorgan and HSBC requested significant physical gold deliveries from COMEX, spurring a notable withdrawal of gold stocks from LBMA and shipments to COMEX vaults—this activity, coupled with market rumors of potential gold tariff adjustments and revaluation, created volatility. However, the U.S. Treasury dismissed any plans for revaluing gold,...

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The chart illustrates the logarithmic scale of the S&P 500 index since 1933. From 1933 to 1997, the index consistently followed an upward-sloping channel. Key years such as 1942, 1949, 1974, and 1982 saw the index test the lower boundary of this channel. However, since 2009, following the introduction of quantitative easing (QE), the uptrend has shifted to a...

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This is a 15-minute chart of gold, and today is Friday. Currently, gold is showing a smaller price range, and the gap between the gold price and the 10-day moving average (960) is narrowing, indicating that the upside momentum is weakening. If gold closes below the 10-day moving average this week, it will mark the first time since January 13, 2025, that it has...

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Warren Buffett Is selling stocks at a record pace and avoiding his favorite stock for the first time since 2018 (source: Yahoo Finance November 4, 2024) Nvidia's Blackwell GPUs are sold out for the next 12 months — chipmaker to gain market share in 2025 (source: toms hardware October 11, 2024). THE GOOD NEWS IS NVDA is incredible; the bad news is that it is all...

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Chancellor Rachel Reeves outlines a transformative budget aimed at addressing the UK's £40 billion fiscal gap through strategic tax increases while committing to public service growth. Here are the key highlights: (Source: The Guardian, FT) Main Tax Changes Overall Tax Increases: The budget introduces £40 billion in tax hikes, primarily targeting higher earners...

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Metals markets analyst Steve St. Angelo estimates that in the first half of 2024, the total weighted average cost of production among the leading silver miners rose to at least $26 per ounce. Silver prices have surged over 6%, surpassing $33.6 per ounce. This rise poses a risk of significant financial losses for five U.S. banks holding large short positions in...

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Last week, silver futures (SIZ4) closed at 33.94, marking a new high since 2014 and breaking above the previous 2023 peak. This suggests the potential for further rallies. The weekly spot chart indicates a measured target of 49. As of 18 October 2024, silver has outperformed other key assets year-to-date, with a 33.84% gain. Gold rose 25.32%, the S&P 500...

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After more than a year of manufacturing PMI stay below 50, meaning the manufacture activity is below average, recently (start Oct 2023) the manufacturing PMI seems recovering in US, UK, France, Italy, Greece. and if manufacturing is getting better, oil demand should be elevated and so the oil price.

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The Bank of Japan's consideration of terminating its negative interest rate policy signals a potential narrowing of the interest rate disparity between Japan and the US, possibly resulting in a short-term appreciation of the JPY. Wage However, Governor Ueda stresses that BOJ is closely monitoring the sustainability of inflation, particularly in light of wage...

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On January 1, 2024, Japan experienced a significant seismic event, a 7.6 magnitude earthquake. The aftermath is still being assessed. Examining past earthquakes reveals a pattern: after the 1995 Hanshin Earthquake, the Nikkei dropped by 19.75%, and following the 2011 Tohoku Earthquake with a magnitude of 9, the Nikkei declined by 18.49%. If history repeats, with...

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Recent polls indicate a decline in Rishi Sunak's popularity below that of predecessor Truss among pivotal British voters. The Tories face a net loss of 520,000 votes since the Prime Minister's October conference speech, intensifying pressure on Sunak as he strives to narrow the gap with Labour leader Keir Starmer. Historical data reveals substantial GBP/USD...

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Two distinct patterns have emerged in the gold market. First, a cup and handle pattern has been evolving since 2009, extending up to the present. Upon closer inspection of the handle portion, it becomes evident that it's shaping a broadening formation, specifically a right-angled and descending one. These combined patterns indicate significant upside potential for...

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Last week, the Bank of Japan (BOJ) decided to maintain interest rates at their current levels. However, Japan's Financial Minister, Shunichi Suzuki, made it clear that he is open to exploring various options within the currency market. Notably, both US Treasury Secretary Janet Yellen and Japan's Prime Minister Fumio Kishida have hinted at the possibility of...

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During a congressional hearing on Tuesday, Federal Reserve Chairman Jerome Powell announced that the central bank is expecting to raise interest rates multiple times in the coming months. Powell also stated that the Fed would be ready to speed up its monetary policy tightening if necessary. This announcement is consistent with previous hints from other Fed...

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There are three lines in the chart, one is S&P500, one is the US 10-year treasury yield, and one is the 3-month treasury yield. In the past, the SPX usually lead the 3-month yield is falling. This means Fed will cut interest rates aggressively when the market turns into a downtrend. However, it's different this time. The S&P500 had a low in Oct 2022, and the Fed...