Markets are also looking ahead to Monday's inauguration of President-elect Trump for potential clarity on forthcoming policy changes. US Stocks Post Strong Gains. All signs point to a possible break in resistance levels
The global oil market is tightening due to reduced supply from key exporters like Russia and Iran, as well as a surge in demand for heating fuels. Looking at the technical charts, oil prices are very tenacious, as if they are building firmer foundations in preparation for a subsequent breakout to the upside.
The largest crypto slipped to a session low of $91,250 on Thursday, losing about 9% in two days from its Jan. 7 peak above $102,200. BTC has recouped some of its losses and recently traded at $94,390, still down 2.2% over the past seven days.
For the week, gold is set for its best performance since mid-November last year. However, the technical setup is still bearish, given resistance at the $2,760/oz level is holding firm. Higher interest rates reduce its appeal as a non-yielding asset
Of the 44 recommendations that derive the current ABR, 37 are Strong Buy and three are Buy. Strong Buy and Buy respectively account for 84.1% and 6.8% of all recommendations. The ABR suggests buying Nvidia, but making an investment decision solely on the basis of this information might not be a good idea. The overpriced stock isn't going to continue to draw...
As 2025 approaches, traders are considering the potential impact of Donald Trump’s presidency, China’s economic efforts, and OPEC+'s gradual easing of production cuts.
I think the stock remains sought after in shorter time cycles. So you want to make money but you don't want to chase the stock high and purchase it, you can choose a short cycle option trade.
The precious metal has slid against stronger U.S. Treasury yields, with the market looking ahead to 2025 for fresh catalysts. Market pessimism around the prospect of significant U.S. interest-rate cuts in the new year have kept consistent downward pressure on gold prices in late December, reflecting hawkish Federal Reserve commentary and the inflationary nature of...
Will there be a bigger bubble in the rising stock market? Unbelievably, on a technical analysis level, the rise has not come to an end.
A clear move below the $3,300 support might push the price toward the $3,250 support. Any more losses might send the price toward the $3,220 support level in the near term. The next key support sits at $3,110.
Rather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock's fair value...
Would you increase your price target on NVIDIA to $167?
The retreat by traders underscores concerns about market volatility ahead of the election, with Bitcoin prices highly responsive to political dynamics.
Market volatility soars ahead of elections. Currently down six consecutive days; down 9.76% over this period.
Stock markets moved sideways and an uneasy calm settled over currencies and bonds as investors waited for the United States to choose a new leader with polls showing the contest on a knife edge. I think XAUUSD will rebound moderately.
Investors holding positions at high levels are in the most dangerous position. The higher the leverage, the greater the price fluctuations, the more difficult it will be for the investment account to withstand the huge retracements and eventual liquidation.
There's an invisible air mattress that just about does the job of protecting, and Wall Street investment managers are in again.
The more investors expect a "pullback", the less they expect it, and the more the index goes up!