Nvidia (ticker: NVDA) is set to announce its Q4 FY2025 earnings results after the market closes today. The report will be for the full fiscal year and covers the period between 1 November (2024) and 31 January (2025).
As the last of the Magnificent Seven stocks to report, Nvidia’s earnings results are a widely anticipated market event. Heading into the earnings...
Australian CPI inflation data (Consumer Price Index) will be released tomorrow at 12:30 am GMT. Based on estimates from Refinitiv, the year-on-year (YY) CPI print is forecast to have risen by 2.5% in January, matching December’s reading (2024). However, the current estimate range remains broad: between a high of 2.9% and a low of 2.1%.
RBA: Cautionary Cut
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If it appears as if the price of spot gold (XAU/USD) chalks up an all-time high every week, it is. In fact, the precious metal rallied northbound for eight consecutive weeks, and opposing bearish themes are few and far between. Geopolitical risks, uncertainty surrounding US President Donald Trump’s tariff plans, and limited resistance until around US$3,000 (as...
The US dollar (USD) – per the US Dollar Index – is on track to end February on the ropes following January’s monthly indecision candle at the resistance of 109.33. I believe USD bears have space to drive towards a ‘local’ descending support around 105.40ish, extended from the high of 107.35.
Similarly, the daily timeframe demonstrates scope for sellers to...
From the daily timeframe, SOL/USD (Solana versus the US dollar) recently connected with support from US$163.90, aided by the H1 timeframe chalking up an inverted head and shoulders pattern. With the formation’s neckline consumed (taken from the high of 107.88), further outperformance towards the pattern’s profit objective at 179.90 could be seen.
While the UK is evading US tariffs for now, its economy continues to face a somewhat undecided future, with taxes on business set to increase in April and a lingering drag from the elevated interest rates.
However, this week’s focus shifts to a rather busy slate of economic data in the UK. Regarding tier-1 metrics, I will largely focus on Tuesday’s employment...
The Reserve Bank of Australia (RBA) will meet this Tuesday and is widely anticipated to deliver its first rate cut in four years amid easing inflationary pressures. I am ‘reasonably’ convinced that the central bank will reduce the Cash Rate this week, a belief based on inflation and growth data that delivered prints south of the RBA’s recent projections (released...
Following the RBNZ cutting its Official Cash Rate (OCR) by 50 basis points (bps) in November 2024, economists and investors expect another bumper 50 bp rate reduction on Wednesday this week – with an outside chance of a more minor 25 bp reduction. A 50 bp (25 bp) adjustment would bring the OCR to 3.75% (4.00%). In addition, markets are also expecting another 75...
Price action on the weekly timeframe of DOG/USD (Dogecoin versus the US dollar) recently touched gloves with an equal AB=CD support pattern at US$0.21452, a base complemented by a 1.27% Fibonacci extension ratio and a 61.8% Fibonacci retracement ratio. Traders long the pair tend to take aim at the 38.2% and 61.8% Fibonacci retracement ratios derived from between...
Following a 12% plunge since topping out at US$0.6942 at the beginning of October 2024 – with pullbacks few and far between – the AUD/USD (Australian dollar versus the US dollar) is pencilling in what appears to be a diamond bottom pattern around US$0.6150ish (made up of a broadening formation and a possible symmetrical triangle).
What’s technically interesting...
Versus the US dollar, spot gold climbed to a fresh all-time high of US$2,817 last week, though, given current chart studies, it could be due a retracement.
The monthly timeframe is knocking on the door of resistance between US$2,923 and US$2,730 (formed by a 1.272% Fibonacci projection ratio and a 100% projection ratio, respectively). Additionally, the RSI...
The ECB (European Central Bank) continued policy normalisation today, with another 25 basis points (bps) worth of cuts across all three benchmark rates. This marks the fourth consecutive rate reduction, bringing the Deposit Facility Rate, the Refinancing Rate, and the Marginal Lending Facility Rate to 2.75%, 2.90%, and 3.15%, respectively.
Frankly, I was not...
According to the US Dollar (USD) Index, the USD finished the week on the ropes, down 1.8%. Despite the growing sense that US President Trump may not live up to the hype of his pre-inauguration statements – placing a question mark on USD upside – technical studies appear to favour bulls.
Long-Term Technicals Favour Bulls
Technically speaking, I have been...
According to technical studies on the daily chart, Bitcoin versus the US dollar (BTC/USD) is now consolidating between support from US$91,591 and US$108,396.
US$100,000 remains a widely watched barrier within the consolidation, along with the 50-day SMA at US$97,615. Despite the ranging action, BTC/USD is entrenched in a bullish trend with a clear upside bias....
Today’s inauguration is undoubtedly a big event for traders, analysts, and the global economy.
Everyone is watching.
Let’s be frank: regardless of your opinion of Donald Trump or his proposed policies, his Presidential election win over Democrat candidate Kamala Harris on 5 November 2024 was nothing short of remarkable. It was a sweeping victory, and Trump...
Capping a decisively sweeping victory on 5 November 2024 in what many called a ‘historic comeback’, Republican Donald Trump will be inaugurated as the 47th president of the United States (US) on Monday at 5:00 pm GMT (midday EST). This marks his second run for the highest office.
The ceremony is set to take place at the Capitol building. Supreme Court Chief...
While the price of Gold (XAU/USD) has been rangebound since December 2024, a possible AB=CD harmonic support zone at US$2,471 continues to call for attention. A 61.8% Fibonacci retracement ratio also complements this support at US$2,473. Investors will also likely take note of the double-top pattern around the December 2024 peak of US$2,726. The pattern’s neckline...
Since early December 2024, BTC/USD (Bitcoin versus the US dollar) has traded tentatively around US$100,000. What is interesting from a technical perspective is the formation of a potential (complex) head and shoulders top pattern (left shoulders at US$99,806 and US$104.047; head at US$108.396; possible right shoulders at US$99,887 and US$102.750). Were price...
