The recent surge in crude oil prices has been a notable event in the market. The price of crude oil managed to break through the $80.00 resistance zone, signaling a potential upward trend. However, the resistance at $82.50 posed a challenge for further gains. The formation of a key expanding triangle on the 4-hour chart
When considering investments in open markets, it is essential to be aware of the risks and uncertainties that are involved. The information provided on various platforms, including this page, contains forward-looking statements that should not be taken as concrete advice to buy or sell assets. It is crucial to conduct thorough research before making any
In a recent statement, BoJ Deputy Governor Ryozo Himino expressed his concerns about the impact of exchange-rate fluctuations on economic activity. Himino highlighted the broad and sustained effect of these fluctuations on inflation, going beyond mere import price adjustments. This acknowledgment of the complex relationship between exchange rates and economic indicators suggests a need for
In a recent interview with CNBC, Ming Wong, the vice president and CEO of Cisco Greater China, expressed Cisco’s optimism about its growing business with Chinese electric car companies as they expand overseas. Despite escalating trade tensions, Wong remains positive about the potential for growth in the EV segment, which is currently Cisco’s second-largest business
Recent signals from the Bank of Japan (BOJ) have hinted at a potential shift in its monetary policy towards quantitative tightening (QT) and a possible interest rate hike. This change in stance comes in response to renewed yen falls, which could lead to inflation surpassing the central bank’s 2% target by driving up import costs.
The short term Elliott Wave analysis for XAGUSD (Silver) suggests that the cycle from the 5.20.2024 high is still in progress, forming a double three structure. The downward movement from the high on 5.20.2024 saw wave ((a)) ending at 30.03 and wave ((b)) rallying to 32.29. Following this, wave ((c)) moved lower, ending at 29.36
The Indian Rupee has shown signs of strengthening against the weaker US dollar on Tuesday. This could be attributed to India’s inflows that might lift the INR. However, the upside might be limited due to the weakness in major Asian peers and higher oil prices. Traders are keeping an eye on the US Chicago Fed
The GBPJPY pair has been on an uptrend, reaching a high of approximately 202.50, the highest level since 2007. The Daily Relative Strength Index (RSI) indicates ongoing bullish momentum, but nearing overbought territory could suggest a potential correction. The Moving Average Convergence Divergence (MACD) also shows bullish momentum with rising green bars, although it may
Boeing has recently made an offer to acquire Spirit AeroSystems Holdings in a deal that has caught the attention of many investors. The deal, which is said to be mostly funded by stock, values Spirit AeroSystems at approximately $35 per share. This offer represents a premium of almost 6% over Spirit’s stock closing price, indicating
Recent data shows that the CB Consumer Confidence Index fell below 100 for the first time since July 2022. The drop is primarily attributed to consumer concerns about inflation. This decline in consumer confidence could have significant implications for the financial markets, particularly in the realm of currency trading. Investors are advised to closely monitor
The unexpected fall in the Jibun Bank Services PMI from 53.8 to 49.8 in June raises concerns about the economic outlook for Japan. This contraction, the first since August 2022, highlights potential weaknesses in the service sector. Of particular note is the slowdown in output price inflation, which reached its slowest pace in seven months.
The yen’s recent depreciation against the US dollar has raised concern among Japanese officials, leading to a potential intervention by the Bank of Japan. This weakening trend was last observed in late April when the yen traded above 160 yen per USD. The volatility in the currency market has prompted warnings against excessive fluctuations, signaling