The three-month downtrend phase of WTI crude oil from January has stalled at a major range support of US$65.40/barrel where a corrective rebound may be triggered at this junture.
9 hours ago
by Kelvin Wong
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Bitcoins price volatility has been impacted by Trump's tariff policies, recession fears and Mt. Gox Transfers. Glassnodes's accumulation trend score shows shifts in investor sentiment and increased selling pressure. Mt.
Mar 13
by Zain Vawda
Bitcoin's (BTC/USD) price experienced significant volatility, dropping to $78k before rising to $95,000 due to Trump's cryptocurrency reserve comments, then settling around $86k.
Open interest for Bitcoin is at a six-month low, which historically has preceded price jumps.
Spot Bitcoin ETF flows saw a $94.3 million investment on the last day of February, ending a period of significant withdrawals. Can it continue?
Technical analysis indicates a potential downtrend for BTC/USD.
Mar 03
by Zain Vawda
NVIDIA is expected to announce strong Q4 2024 earnings, driven by high demand for GPUs in data centers and AI applications.
The market is closely watching how NVIDIA's earnings will reflect the demand for AI chips, especially after China's DeepSeek incident.
Potential challenges for NVIDIA include possible tariffs on chips manufactured in Taiwan (TSMC) and new export restrictions to China.
Feb 26
by Zain Vawda
Bitcoin (BTC/USD) is holding above $95k but facing significant resistance.
While spot Bitcoin ETFs have attracted substantial investments, there have been recent net outflows, and on-chain data suggests a cooling down in speculative appetite.
Strategy's potential Bitcoin purchase, following a $2 billion fundraising, could be a catalyst for a future bull run.
Most Read: Brent Oil Price Forecast: Supply Concerns and Technical Analysis
Bitcoin has regained momentum after finding support at the key
Feb 20
by Zain Vawda
US CPI inflation data for February 2025 is being released today, and markets are closely watching due to recent increases in inflation expectations.
Economists expect headline inflation to rise by 0.3% for the month, keeping the yearly rate at 2.9%.
The article provides a table outlining potential market impacts based on different CPI scenarios on the US Dollar.
Feb 12
by Zain Vawda
President Trump's tariffs on Mexico and Canada have been postponed to March 1st after successful negotiations.
Feb 04
by Zain Vawda
DeepSeek, a Chinese AI startup, has launched a new open-source AI model that is reportedly as good as top chatbots but significantly cheaper.
This news triggered a selloff in US tech stocks, with Nvidia and other chipmakers experiencing significant drops.
Jan 27
by Zain Vawda
S&P 500 and Dow Jones continued to advance, boosted by strong earnings reports.
President Trump announces major AI investment drive called Stargate.
The Dow Jones has risen approximately 6% since January 13, and is approaching overbought territory on the RSI. Time for a pause?
Earnings season continues with upcoming reports from GE Aerospace, American Express, and Verizon.
Most Read: EUR/USD Technical Outlook: Is EUR/USD Poised for Potential 800-pip Rally?
U.S.
Jan 22
by Zain Vawda
President Trump's comments about potential tariffs on Canada and Mexico by February 1st caused increased market volatility and risk aversion.
The US Dollar Index (DXY) experienced significant price swings due to uncertainty and shifting information.
Jan 21
by Zain Vawda
TSMC's strong Q4 2024 earnings and positive 2025 forecast boosted market sentiment and drove gains in chip stocks like Nvidia.
Overall corporate profits remain strong, with a high percentage of S&P 500 companies exceeding earnings estimates.
Technically, the S&P 500 is still in a bearish trend, but a close above the 5981 handle could signal a change in structure and potential further upside.
Most Read: Bitcoin (BTC/USD) vs. Nasdaq: Is the Correlation Affecting Crypto Outflows?
U.S.
Jan 16
by Zain Vawda
Sentiment remains fragile in China and Hong Kong stock market even China services activities have improved in December.
Weak market breadth and a persistent bearish trend of the Chinese yuan since November has added to more woes to the Hang Seng Index.
Watch the 19,700/20,130 key medium-term resistance on the Hang Seng Index.
Jan 08
by Kelvin Wong
Bitcoin breaches $100k mark amidst positive sentiment and MicroStrategy's buying spree.
Whale activity and ETF inflows signal renewed institutional interest in Bitcoin.
Elon Musk's X platform plans to introduce payments feature, potentially boosting crypto adoption.
Technical analysis suggests Bitcoin's upward momentum may continue, with key resistance levels to watch.
Jan 06
by Zain Vawda
US stocks have seen two years of strong growth, driven by tech and AI stocks, and are expected to continue performing well in 2025.
Concerns remain about high valuations and the dominance of the "Magnificent Seven" tech stocks.
Tesla deliveries fell in the fourth quarter of 2024 due to increased competition and reduced subsidies.
January historically sees strong performance in US stocks, and technical analysis suggests the S&P 500 may be poised for a recovery.
Jan 02
by Zain Vawda
EUR/USD remains range bound as the year comes to a close, with the pair trading just above 1.0400.
ECB policymakers are cautious about future rate cuts due to a sluggish Euro.
The US Dollar Index (DXY) held its gains last week, supported by positive US data.
The lack of liquidity may mean that upcoming US economic data (Pending Home Sales and Chicago Purchasing Managers Index) has little impact on the US Dollar.
Dec 30, 2024
by Zain Vawda
Altcoins are rallying, with Ripple reclaiming its position as a top cryptocurrency by market capitalization, up to 3rd.
Bitcoin's price remains range-bound, as investors appear to be diversifying into altcoins.
Bitcoin exchange reserves have plummeted, indicating a potential supply squeeze and increased demand.
The sustainability of the altcoin rally depends on Bitcoin holding its ground and the overall market sentiment.
Most Read: EUR/USD Hugs 1.0500 Ahead of French No-Confidence Vote, Breakou
Dec 04, 2024
by Zain Vawda
President-elect Trump announced plans for tariffs on goods from Canada, Mexico, and China.
Despite tariff concerns, the S&P 500 continues to climb, with economists predicting it could reach 6500 by year-end.
The S&P 500 has historically performed well in December during election years, adding weight to the possibility of a "Santa Rally."
Nov 26, 2024
by Zain Vawda
Gold prices experience significant drop due to hopes of a Lebanon-Israel ceasefire and the announcement of Scott Bessent as US Treasury Secretary.
US Treasury yields fall and the dollar weakens in response to Bessent's expected policies.
Technical analysis indicates a bearish trend for gold in the short term, with potential support and resistance levels identified.
Nov 25, 2024
by Zain Vawda
Bitcoin's price surge is fueled by institutional demand, growing mainstream acceptance, and a derivatives market boom.
The derivatives market surge, while driving prices higher, also increases volatility and the risk of liquidations.
ETF inflows have approached $2 billion in three days, further boosting Bitcoin's rally.
Most Read: GBP/USD, GBP/JPY Price Action Ideas Post UK Inflation Release
Bitcoin prices continue to rise and print fresh highs as speculation continues to grow around a favorabl
Nov 21, 2024
by Zain Vawda
Wall Street indexes are experiencing volatility due to geopolitical tensions and anticipation of Nvidia's Q3 earnings report.
The release of Nvidia's Blackwell chip is a major highlight, with potential implications for the AI and computing sectors.
Nov 20, 2024
by Zain Vawda