Yesterday's performance of the major US indices (S&P500, Nasdaq and DowJones) and Russel2000, and its impact on investment strategies showed a negative close for the Nasdaq and S&P500 indices, while the Russel2000 closed positive (+0.10%). This move indicates a shift in investor focus away from the technology and growth stocks that have dominated the market over...
- Since its last high peak around 0.6370 at the end of 2023, the NZDUSD has been trading in a bearish channel. The medium-term trend is therefore bearish.
- This decline has recently accelerated after the second impact of the market below the upper limit of the channel, at 0.6207.
The market broke a very short-term uptrend line (dotted lines), ending a bullish...
In today's oil market, we have witnessed a strong bullish rally after a -3.37% drop last week between Tuesday and Friday. This momentum is due in part to increased conflicts in the Middle East and on the Ukraine front with Russia. The disruption created in Russian refineries with Ukrainian attacks by fighter drones throughout the month have created geopolitical...
Today finds us at the European Summit of the Eurozone Council, a biannual meeting held in Brussels to set the rules for stability, coordination, economic governance and monetary policy in the union. This morning, German business climate data and releases from President Nagel of the German Bundesbank will be released, along with UK retail sales data. This will...
- Since the end of February, the market has been accelerating upward, making higher highs and lows, and trading above a bullish trendline.
The short-term trend is therefore bullish.
- However, since the impact on a 3-month high at $25.15, a sharp price sell-off has taken place on the white metal. The market suddenly pulled-back just above its first available...
Today, the Bank of England will release key inflation data, and the British government will unveil industrial production figures, both crucial for the London index. While unfavorable inflation figures are anticipated, the British economy is showing financial resilience, propelling the index to 7,746.82 points following positive results from several companies since...
- The market has been trading above a bullish trendline since end of December 2023, the mid-term trend is then bullish for EURJPY.
- Very recently, and with the 4th impact over its bullish trendline around 160.20, the market has significantly accelerated to the upside. Indeed, the first hawkish monetary move in 17 years in Japan has put the Japanese Yen under...
The Dow Jones has maintained a sideways movement since the end of February , in part due to industrial companies' expectations of inaction on debt policy changes by the Federal Reserve to curb current inflation. The index has been consolidating prices all month, closing yesterday with a 0.83% gain at 39,110 points, driven also by the Standard & Poor's 500 and...
- The Japanese benchmarks has been registering higher highs and lows since 2023, the long-term trend is therefore bullish.
- Since the bullish breakout of the flag pattern, prices have accelerated to a new all-time high at 40,470pts.
Since then, the market pulled-back over 38,525pts, mostly driven by profit taking following a sharp rally, as well as anticipation...
Today is a day full of important economic events for the Eurozone. Highlights include a speech by Vice President Luis de Guindos, along with the release of key data on unemployment and economic sentiment in the Eurozone, as well as production figures from Portugal. Later in the day, we will be watching for inflation rates in Canada and U.S. housing permits. This...
- The market still trades inside a bullish channel started at the end of December 2023, the long-term trend is bullish for the black gold.
- Since beginning of February, and the fourth impact on the lower bound of the bullish channel, the market has accelerated towards the 50% retracement of the sell-off which took place during Q4 2023.
The long-term moving...
The impact of several Chinese economic indicators has pushed the Hang Seng index higher, albeit with mixed results: while retail sales, industrial production and foreign investment data beat expectations causing the index to correct higher, the unemployment rate showed a slight increase of 0.1% from the previous one. The anticipation of this week's meetings of...
- The market has been trading above a bullish trendline since end of October, the long-term-trend was therefore bullish.
- However, as previously discussed in our previous analysis, we could notice that the trend was slowing down has newer tops were registered with less and less strength.
Following a new historical high at 18,425.0pts, investors' appetite for...
This day, the DAX40 has started higher , recovering the ground lost in recent days. Expectations for the euro zone are upbeat, especially for inflation, trade balances and retail sales data, with expectations for an improvement in German earnings standing out. Sales in the Italian market will be key for the Milan index, looking to close the week in positive, if...
- Share prices of the microchip giant have been trading above a bullish trend line since the end of October, the long-term trend is therefore bullish.
- We can easily observe that prices follow phases of bullish impulse and bearish corrections, entirely symptomatic of an healthy bullish trend.
Correction phases allow the market to take a break, take some profits...
The crude oil market has experienced a reduction in demand this week, holding prices steady since Monday, after weeks of losses in value due to a decrease in demand, especially from the main importer, the Chinese market which put the price on Monday at $76.49. During today's Asian session, crude oil has shown a 3.62% increase from Wednesday's European open to the...
- The market has been trading within an ascending channel since mid-February. The short-term trend, fueled by the growing prospect of rate cuts in the United States, is therefore bullish.
- Technically speaking, we can see that the surge in price since the rebound over 1.0700 has been very gradual, punctuated by very short-term correction phases, like a...
During the Asian session, gold has experienced a significant price increase due to U.S. consumer data that revealed higher than expected inflation and fears that interest rates may be higher than expected. It has reached a high of $2,195.02 before retreating to $2,163, finding a temporary consolidation point there. Its previous range was between $2,100 and $1,962....
