Top News and Analysis

Bitcoin's (BTC/USD) Bull Run: On-Chain Data Signals New Demand, $100k in Sight?

Bitcoin's Bull Run: On-Chain Data Signals New Demand, $100k in Sight? On-chain data analysis suggests a new wave of demand for Bitcoin. Institutional adoption of Bitcoin continues, with BlackRock's Bitcoin ETF holdings surpassing its Gold ETF. Most Read: USD/CAD Outlook: 1.4000 Remains Elusive as US CPI Fails to Inspire Breakout Bitcoin prices have continued their impressive run today breaching the 90000 mark for the first time. The world's largest cryptocurrency is now up around 30% since elec

Nov 13, 2024 by Zain Vawda

Apple (AAPL), Amazon (AMZN) Earnings Preview: AI Capital Spending and iPhone Sales in Focus

Apple and Amazon's upcoming Q3 2024 earnings reports are in the spotlight. Market participants are concerned about rising AI capital expenditures impacting profit margins. Can Amazon rebound from a disappointing Q2? Apple iPhone 16 sales in focus after strong debut in China.

Oct 31, 2024 by Zain Vawda

Bitcoin (BTC/USD) Takes a Pause, $75k Still On as OTC Inflows Decline

Bitcoin price breaks above $70k for the first time since July, driven by decreased OTC desk inflows. US spot ETFs see a surge in inflows, potentially linked to the upcoming US election and perceived pro-crypto stance of Donald Trump. Despite the pullback, bullish pressure remains, with the possibility of Bitcoin reaching new highs if inflows continue. Most Read: US Earnings: Reddit, Alphabet Beat Estimates, Nasdaq 100 Retreats with Meta Up Next Bitcoin prices have finally broken above the$70k h

Oct 30, 2024 by Zain Vawda

US Earnings: Reddit, Alphabet Beat Estimates, Nasdaq 100 Retreats with Meta Up Next

Alphabet and Reddit exceed Q3 earnings expectations, driven by strong ad sales and cloud revenue. Microsoft's Q1 FY2025 earnings will be a key indicator of broader AI demand, with Azure and AI services in the spotlight. Could Meta and Microsoft facilitate fresh highs on the Nasdaq 100? Nasdaq 100 remains range-bound ahead of Meta and Microsoft earnings releases.

Oct 30, 2024 by Zain Vawda

S&P 500, Nasdaq 100 - 2nd Estimate GDP Inspires Wall Street Turnaround

Nvidia's Q2 earnings beat estimates, but forward guidance disappoints. Other semiconductor stocks, like Broadcom, show positive performance despite Nvidia's mixed guidance. The S&P 500 eyes fresh all-time highs, with immediate support at 5538.

Aug 29, 2024 by Zain Vawda

S&P 500, Nasdaq 100 - Caution Reigns Ahead of Nvidia Earnings

The S&P 500 and Nasdaq 100 are trading cautiously ahead of Nvidia earnings and US PCE data. Nvidia's earnings this week could significantly impact the AI sector and set the tone for the stock market for the weeks ahead.

Aug 27, 2024 by Zain Vawda

Bitcoins (BTC/USD) Steady Range: Mt Gox Impact and Future Outlook

Bitcoin prices are currently range-bound, the range between 56,561 and 61,750 is keeping both buyers and sellers cautious. Mt. Gox moved 13,265 Bitcoins totaling and estimated $780 million.

Aug 21, 2024 by Zain Vawda

S&P 500, Nasdaq 100 - Eight-Day Winning Streak to End or Continue?

The S&P 500 and Nasdaq 100 are on an 8-day winning streak, the longest of 2024. US share buyback figures for 2024 (through August 9) are on par with those of 2022, reflecting positive market sentiment. The Nasdaq has seen an 8-day winning streak, with a daily chart bias favoring the bulls; Key resistance hurdles lie ahead.

Aug 20, 2024 by Zain Vawda

USD/CAD Teeters Near Critical Support Ahead of Canadian Inflation Data

USD/CAD is approaching a crucial support zone above 1.3600 ahead of Canadian inflation data. The Loonie has strengthened recently due to rising oil prices and USD weakness. Upcoming Canadian inflation and retail sales data, along with Fed policymakers' statements, will be crucial for USD/CAD's direction. Most Read: Gold (XAU/USD) Eyes Consolidation Above $2500/oz.

Aug 19, 2024 by Zain Vawda

Bitcoin (BTC/USD) Price Holds Steady as Accumulation Trend Signals Potential Breakout

Bitcoin's price has been range-bound between $58,500 and $61,600, influenced by market caution and various risks. The US government's sale of $594 million worth of Bitcoin, part of confiscated Silk Road funds, adds to market uncertainty. A shift towards Bitcoin accumulation, especially among large wallets and long-term holders, suggests renewed market confidence. Double Bottom pattern hints at a potential bullish rally. Will the range be broken? Most Read: Brent Crude – Oil eyes range breakout

Aug 15, 2024 by Zain Vawda

USD/CAD Consolidates at Support Ahead of Canadian Employment Data

USD/CAD found support ahead of Canadian employment data release. Positive US jobless claims data boosted sentiment and USD. Bank of Canada hopes for moderation in unemployment rate following 50 basis points of cuts. Most Read: Japanese Yen (JPY) Price Action: Following Dovish BoJ Comments, What Does Price Action Tell Us? USD/CAD seems to have found support ahead of crucial employment data set for release tomorrow. The Canadian economy, particularly its job market, has struggled more than its co

Aug 08, 2024 by Zain Vawda

S&P 500, Nasdaq 100 Slide Ahead of Microsoft (MSFT.O) Earnings

The S&P 500 and Nasdaq 100 continue their slide following underwhelming earnings reports and poor risk sentiment. Microsoft's Q4 earnings are anticipated to be $2.94 EPS on revenue of $64.5 billion, with cloud revenue expected to reach $36.8 billion. Investor focus is on AI earnings and future spending plans. JOLTZ job openings exceeded expectations, and coupled with easing inflation, rate cut discussions are prevalent.

Jul 30, 2024 by Zain Vawda

USD/JPY Declines Sharply as BoJ Considers Rate Hike Next Week

The Japanese Yen is gaining against its G7 counterparts due to rumors that the Bank of Japan (BoJ) will reduce bond buying and potentially raise interest rates. Governor Ueda has emphasized wage growth as a key factor, and both average wages and average cash earnings YoY have shown a steady upward trend. Japan is set to establish a national minimum wage standard of 1,054 yen per hour on average, the largest increase ever. Most Read: Oil Price Update: Brent Holds Critical Support Amid US Inv

Jul 24, 2024 by Zain Vawda

Bitcoin (BTC/USD) Slips Following Mt. Gox Movements, ETH ETF to Go Live

Bitcoin prices have fallen from their recent high due to concerns over Mt. Gox repayments. Despite the drop in Bitcoin's price, BlackRock's spot Bitcoin ETF saw its largest inflow in over four months. From a technical standpoint, Bitcoin found support over the weekend but a hanging man candlestick close hinted at potential downside. ETH ETF to go live.

Jul 23, 2024 by Zain Vawda

FTSE 100 Consolidates, S&P 500 Faces Critical Test, Earnings Ahead

The FTSE 100 is currently consolidating, trading within a range, with the possibility of a significant breakout. Glencore and Anglo American experiencing declines while Compass reports strong revenue growth.

Jul 23, 2024 by Zain Vawda

USD/CAD Eyes Breakout as Oil Price Slide Continues, BoC Meeting Next

USD/CAD is nearing a breakout after being range-bound since April, potentially driven by falling oil prices and a weakening Canadian Dollar. The Bank of Canada (BoC) is expected to cut rates this week due to rising unemployment, falling consumer spending, and slowing GDP per capita. However, the rate cut may already be priced in, limiting its impact on USD/CAD. Most Read: Weekly Market Outlook: US PCE, GDP, and Earnings Expected to Drive Volatility USD/CAD is back at the top end of the wedge pa

Jul 22, 2024 by Zain Vawda

Safe Havens Gain Favor Amid Geopolitical Tensions and US Election Uncertainty, Gold Above $2400/oz, DXY Slips

Increased geopolitical tensions in the Middle East and US election uncertainty have caused a rise in safe-haven demand, particularly for Gold. The US Dollar has weakened due to concerns about a potential Kamala Harris presidency and its implications on the economy. Market sentiment is expected to be driven by US election developments and geopolitical issues in the first half of the week.

Jul 22, 2024 by Zain Vawda

Weekly Market Outlook: US PCE, GDP, and Earnings Expected to Drive Volatility

This week, markets were influenced by trade war fears, US political developments, and a global cyber outage. In Asia, the Japanese yen weakened, and Chinese authorities remained silent on economic goals despite weak data. Next week, US PCE and GDP data, along with Euro Area and UK PMI data, and potential Chinese economic measures will be key drivers of market volatility. The Nasdaq 100's weekly chart shows a potential evening star candlestick pattern, hinting at further downside. Read More: JPY

Jul 19, 2024 by Zain Vawda

Bitcoin (BTC/USD) Soars Amidst Surging ETF Inflows

Increased investor confidence fueled by a $1.04 billion inflow into Bitcoin Spot ETFs. Bitcoin miners, particularly in the US, are accumulating Bitcoin in anticipation of another potential rally, with Marathon Digital Holdings aiming to significantly increase its hashrate. Technically, Bitcoin's breakout above a long-term descending trendline suggests further upside potential. Most Read: Oil Price Update – Oil Prices Hold Firm as Chinese Demand Concerns Rise Bitcoin prices enjoyed somewhat of a

Jul 15, 2024 by Zain Vawda

USD/CAD stalls after Canadian PMI data and Fed Chair Powell's remarks. Where to next?

USD/CAD is rangebound, frustrating traders, thanks to a host of factors from rate differentials to rising oil prices. Canadian PMI data has been softer than expected, with decreased output, new orders, and employment. Stronger oil prices have kept the Canadian dollar supported of late.

Jul 02, 2024 by Zain Vawda