TAG: SP500
Bitcoin Forecast: Potential Price Drop Ahead
Currently, the price of Bitcoin is undergoing a correction and testing the psychological level of 60000. Should the price of this asset break the level through, it might either test the supporting level of 49000 or target the level of 40000. Also, the pot...
5 months ago
Ethereum Forecast: Potential Price Rise Ahead
As of now, the price of Ethereum is undergoing a downward correction following Bitcoin. It is currently testing the level of 30000. However, the price of this asset might eventually target the level of 2716, gain the required support, rebound, and rise. S...
5 months ago
S&P500 Forecast: Potential Price Reversal Ahead
The daily timeframe of the New Zealand Dollar shows the newly formed downtrend between the points 0.6369 and 0.6216 as well as the horizontal level of 0.6082. This level almost coincides with the 50% Fibonacci retracement from the latest ascending move. T...
5 months ago
Stocks Roar Back As US Recession Fears Fade
Cooler Inflation Boosts StocksUS stock markets are racing higher this week as traders react to better-than-forecast US data. Following a heavy correction lower at the start of the month, the S&P has now fully reversed those losses and is back in the g...
2 months ago
S&P Racing Back to Highs Ahead of Powell
S&P Near HighsUS stock market prices are surging higher this week as anticipation grows ahead of a keenly awaited speech by Fed chairman Powell at the top of the week. With inflation having fallen again last month traders are widely expecting a dovish...
1 month ago
The FTSE Finish Line - August 20 - 2024
The FTSE Finish Line - August 20 - 2024FTSE Energy & Miners Weigh, Breaking The Winning StreakEnergy and copper mining sectors caused the UK's FTSE 100 benchmark stock index to fall by 0.76% on Tuesday; however, gains were limited by hopes that the U....
1 month ago
Stocks Rally As Powell Gives September Rate-Cut Signal
Stocks Higher on Fed SignalsUS stock markets are starting the week on a strong footing following Fed chairman Powell’s dovish remarks on Friday. Speaking at the Fed’s Jackson Hole Symposium, Powell confirmed that the Fed will adjust policy when it meets n...
1 month ago
USD Holds Steady as Market Awaits Key Economic Data Amidst Tech Sector Turmoil
The US Dollar is treading water, trapped in a narrow trading range, as market participants await crucial economic indicators, including the JOLTS Job Openings report and the much-anticipated Nonfarm Payrolls release. These data points are expected to offe...
1 month ago
US Stocks Falling As Traders Brace For NFP Fireworks
Stocks SlippingThe downturn in stock markets ahead of today’s US NFP might be seen as profit taking ahead of a volatile event. However, the selling is perhaps a more worrying sign, given the downside volatility we saw last month. Typically, ahead of expec...
1 month ago
Bitcoin Forecast: Potential Price Correction Ahead
The price of Bitcoin is heading down and approaching the supporting level of 49500. It is also important that the broken downtrend is located next to this support. The price of this asset might gain the required support and rise. So, let’s observe what is...
1 month ago