Market Rallies After A Retest Of SupportAs noted last week, the market broke the 50-DMA and closed the week at the 100-DMA. Things did not look good heading into this week. However, the market rallied off the 100-DMA and retraced to the 50-DMA. Then, on Wednesday morning, a hotter-than-expected CPI report led to a sharp 1.5% selloff that retested the 100-DMA a second time. Things looked a bit dire, but strong words from Nvidia’s (NVDA) CEO sent stocks surging higher to a 1% gain by the close. That reversal cleared resistance at the 50-DMA, confirming the retest of the previous support. That bullish action continued through Friday, clearing ...
The market had been gradually scaling back from speculation of a 50 bp cut this week by the Federal Reserve. The euro and sterling tested important technical support near $1.10 and $1.30 respectively. The Dollar Index set last week’s high after the August CPI. However, the general tone of the markets changed, spurred at least initially by a Dow Jones story that many observers believe was likely planted by senior Fed official to put a 50 bp cut back on the table. That set the proverbial cat among the pigeons. The odds of a 50 bp cut went up to nearly 50% fat the end of the week from less than 20% at Wednesday’s settlement after the...
This video will show you what is expected on the Bitcoin market based on the technical analysis. Which support and resistance levels are in front of the BTC price and which breakout is gonna happen. Based on the technical analysis this video analysis on BTC | Bitcoin will show you what to expect.Video Length: 00:03:19 More By This Author:GOLD Daily Analysis, XAUUSD Analysis & XAUUSD Forecast – Friday, September 13 Gold Reached 2525.80, Next Move Follows, XAUUSD Analysis & XAUUSD Forecast GOLD Targeting Next Resistance, XAUUSD Analysis & XAUUSD Forecast – Wednesday, September 11...
Uber Technologies Inc. (UBER) saw its stock jump over 5% on Friday after announcing an expanded partnership with Waymo, the autonomous driving subsidiary of Alphabet Inc.The collaboration will bring fully autonomous ride-hailing services to Austin and Atlanta by early 2025, marking a significant milestone in Uber’s strategy to integrate autonomous vehicles (AVs) into its platform.Waymo’s all-electric Jaguar I-PACE vehicles will be available for UberX, Uber Green, Uber Comfort, and Uber Comfort Electric rides in these cities, with plans to scale the fleet into the hundreds over time.This expansion builds on Uber’s previous deals, includi...
The crypto market has recently seen some ups and downs, with Bitcoin facing many fluctuations. According to a recent post by a CryptoQuant analyst known as ‘Kripto Mevsimi,’ the Bitcoin Market Value to Realized Value (MVRV) ratio has dipped below its 365-day moving average.This specific indicator often identifies potential market bottoms and zones where recovery could begin. While the drop in MVRV could suggest an “opportunity for long-term investors,” the analyst warns that caution is needed. Bitcoin Will Recover If Its MVRV Does ThisThe MVRV (Market Value to Realized Value) ratio is a metric used in cryptocurrency to assess whe...
The good news is: New lows disappeared last week. The NegativesThe negatives all went away last week. The PositivesThe first chart covers the last 6 months showing the NASDAQ composite (OTC) in blue and a 10% trend (19 day EMA) of NASDAQ new highs (OTC NH) in green. Dashed vertical lines have been drawn on the 1st trading day of each month. OTC NH followed prices upward last week. The next chart is similar to the one above except it shows the S&P 500 (SPX) in red and NY NH in green has been calculated with NYSE data. NY NH continued rising confirming the index move.The next chart covers the past 6 months showing the OTC in blu...
Today you will see EURUSD price prediction based on the technical analysis. What is the support and resistance on the daily time frame for EURUSD. What to expect where the price will breakout for the EURUSD based on the supply and demand zones.Video Length: 00:02:57More By This Author:GOLD Daily Analysis, XAUUSD Analysis & XAUUSD Forecast – Friday, September 13 Gold Reached 2525.80, Next Move Follows, XAUUSD Analysis & XAUUSD Forecast GOLD Targeting Next Resistance, XAUUSD Analysis & XAUUSD Forecast – Wednesday, September 11...
Gold has proven very strong in recent months, powering up to many new records. All these naturally fueled more-bullish sentiment, leaving traders expecting more gains. While this gold bull is indeed likely to rally much higher in coming months, the risks of a pullback are mounting. Gold’s primary short-term driver is speculators’ gold-futures positioning, which has grown very overextended and due to reverse.For better or worse, these traders punch way above their weights in bullying around gold prices. Their outsized impact derives from the extreme leverage inherent in gold futures. At $2,500 gold, each 100-ounce futures contrac...
Uranium demand is projected to outstrip supply as the world races to expand nuclear energy almost overnight. The U.S. in late 2023 headed up a coalition of countries across four continents pledging to triple nuclear energy capacity by 2050. The Bull Case for UraniumThe rapid revival of nuclear power sent uranium prices to their highest levels in over 15 years, soaring from $30 at the start of 2021 to $100 in January 2024. Despite a pullback, uranium prices hover around $80, up roughly 60% since the start of 2023. Alongside rising demand come supply worries, which are made worse by the geopolitical backdrop. Russia reportedly supplies around...
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