Tesla has postponed the launch of its highly anticipated robotaxi by approximately two months to October, according to a Bloomberg News report. This delay stems from a directive for the design team to rework certain elements of the vehicle. Following the news, Tesla’s shares experienced an 8% decline, closing at …
Read More »Bitcoin’s Bear Trap: Is the Recent Price Plunge a Buying Opportunity?
Bitcoin’s price has been on a downward spiral, hitting a four-month low as concerns mount over increased selling pressure from various sources, including Mt. Gox refunds and actions by the German government. However, some experts believe this might be a “bear trap,” luring investors into selling prematurely before a potential …
Read More »Dollar Stabilizes Following CPI-Induced Slide, Yen Volatility Sparks Intervention Speculation
The U.S. dollar found its footing on Friday after a sharp decline to a one-month low, triggered by softer-than-expected inflation data that fueled expectations of a September rate cut by the Federal Reserve. However, the broader foreign exchange markets remained cautious due to volatility in the Japanese yen, which strengthened …
Read More »Gold Prices Ease Slightly After Rallying on Rate Cut Expectations
Gold prices experienced a minor dip in Asian trading on Friday, but still held strong gains from the previous session, bolstered by softer-than-expected U.S. inflation data that fueled expectations of a September interest rate cut. Gold’s Strong Performance: The yellow metal surpassed the significant $2,400 an ounce level on Thursday, …
Read More »Dow Jones: Bullish Momentum Drives Index Higher 12/7/2024
Oil, Crude, trading
Read More »USD/JPY: Potential for Rebound After Sharp Losses 12/7/2024
japanese-yen
Read More »GBP/USD: Strong Bullish Momentum, Further Upside Potential 12/7/2024
Oil, Crude, trading
Read More »WTI: Bullish Momentum Resumes, Eyes on Further Upside 12/7/2024
US crude oil futures prices rebounded after a brief downward correction, successfully breaking above the 82.00 psychological resistance level and reaching a high of $83.14 per barrel. Technical Outlook: The technical outlook remains bullish, with the 4-hour chart showing a bullish technical structure and the price holding above the 81.80 …
Read More »Gold: Strong Bullish Momentum, New Highs in Sight 12/7/2024
Gold prices have surged significantly, exceeding our previous target of 2400 and reaching a high of $2424 per ounce, confirming the bullish trend we anticipated in our last report. Technical Outlook: Gold prices have successfully consolidated above the psychologically significant 2400 level, with the simple moving averages (SMAs) continuing to …
Read More »EUR/USD: Bullish Momentum Gains Strength, Further Upside Potential 12/7/2024
The EUR/USD pair has advanced, reaching our previously identified target of 1.0880 and peaking at 1.0888, confirming the positive outlook outlined in the previous technical report. Technical Outlook: Today’s analysis reveals a strengthening bullish momentum. The pair has broken above the pivotal 1.0840 resistance level (23.60% Fibonacci retracement), which now …
Read More »