technical analysis

EURUSD fell heavily towards a fresh 6-month low and broke several supports during the process after the US dollar extended the bullish rally. ECB's possible pause in rate hike sentiments has been keeping the euro under pressure lately. However, the President of the European Central Bank (ECB)...

Gold is falling towards a potential support zone Gold has fallen strongly since the beginning of the week from prices $1,925 to $1,896 amid sustained USD buying, Fed rate hike expectations. It seems that it is now heading towards a potential support zone around prices $1,890 to $1,884 prices...

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Crude Oil (USOIL) Oil prices fell on Thursday as concerns about China’s economic outlook outweighed expectations of tighter supplies from extended cuts in Saudi Arabia and Russia. The market also digested mixed data from China, with overall exports falling 8.8% in August, while crude imports...

Shares of Apple (NASDAQ: AAPL), which is also the world's most valuable listed company, sharply reversed from the monthly highs. The stock dropped back to below $180 ahead of Apple’s annual event on September 12. As of writing this article, the stock trades at $176. The stock fell more than 4%...

Shares of the video game retailer GameStop (NYSE: GME) jumped more than 8% in after-hours trading on Wednesday after the company reported better-than-expected fiscal second-quarter earnings report. GameStop posted an adjusted loss per share of $0.03 and revenue of $1.16 billion topped the $0.14...

Crude oil prices spiked to fresh ten-month highs on Tuesday after the largest oil producers & exporters namely Saudi Arabia and Russia agreed to extend their voluntary oil production cuts through the end of this year, trimming 1.3 million barrels of crude out of the global market and boosting...

The euro remains under pressure against the US dollar and other currency pairs following the release of Eurozone inflation data. The latest Eurozone CPI report showed that the annual inflation rate was unchanged at 5.3% YoY in August. The inflation rate was expected to fall to 5.1%. On the other...

The price of Bitcoin (BTCUSD) has increased by more than 7% in the past 24 hours to $28,100 as the US court ruled in favor of Grayscale Investments, a subsidiary of Digital Currency Group, in regard to the application of a spot BTC ETF. The upside momentum was also lifted after the social media...

The US dollar pairs remain the centre stage of attention for the next two days. The dollar index, which tracks the U.S. currency against six major peers reversed from the 11-week highs and ended lower on Wednesday. The index had good two-way price moves since the beginning of this week...

Today all eyes are focused on the several purchasing managers surveys, countries such as Germany, the UK, the US, and the Eurozone. PMIs are significant as they tend to be reliable leading indicators of growth. A reading above 50 indicates expansion while a sub-50 print indicates contraction in...

Shares of California-based Zoom Video Communications (NASDAQ: ZM) rose 8% in after-hours trading on Monday after the company reported upbeat results for its second quarter. For the last quarter, Zoom revenue rose 4% year-on-year to $1.14 billion, beating Wall Street estimates of $1.1 billion...

Nvidia (NASDAQ: NVDA) is one of the best-performing semiconductor stocks this year. The stock recovered from the recent retracement and gained more than 8% on Monday, its biggest one-day % gain since May after the HSBC analysts reiterated a buy recommendation and hiked the stock's target price...

The largest cryptocurrency bitcoin (BTCUSD) plummets after the crypto pair failed to hold above the major diagonal trendline. The price of Bitcoin fell by 7.5% in 24 hours and in a flash crash, BTC temporarily fell towards the $25,000 mark. The fall leads to a cascade of liquidations in the...

The big-box retailer Target (NYSE: TGT) reported stronger-than-expected second-quarter earnings on Wednesday but slashed its full-year profit forecast. Target’s total revenue of $24.8 billion was down nearly 5% year over year. However, the stock jumped despite the company's reported mixed...

The British pound has regained bullish momentum after the release of UK inflation data. The CPI data showed the UK inflation rate dropped to the lowest level the country has seen since February 2022, driven by a significant decrease in food and energy prices. The Office for National Statistics...

Shares of the streaming and entertainment giant Walt Disney (NYSE: DIS) hit a fresh 6-week high of $92.60 on Thursday after the company reported its third quarter fiscal year 2023 earnings. However, the stock failed to extend the bullish momentum later as the Q3 results were not that positive...

USD to JPY price was trading at 144 on Thursday morning ahead of the upcoming US inflation data. The Japanese Yen remained under pressure against the US dollar throughout this week weighed down by the mixed comments from the FED policymakers and triggering a steady recovery in the US Dollar. The...

China’s economy slipped into deflation as consumer prices contracted for the first time in more than two years. Deflation is the opposite of inflation, in other words, a decrease in the prices of goods and services. The decline in exports and the ongoing problems in the real estate market are...

The euro reversed from the early gains and fell against all its major developed-market peers after the latest German inflation data showed more signs of slowing inflation, easing pressure on the European Central Bank to keep raising interest rates. The CPI data showed the annual inflation rate...