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Nvidia’s Meteoric Rise: A Double-Edged Sword

Nvidia’s Meteoric Rise: A Double-Edged Sword

Nvidia (NVDA) has been on an extraordinary trajectory, witnessing its stock price skyrocket more than seven times over the last three years and soar over 160% in 2024 alone. This remarkable growth can be attributed to Nvidia’s pioneering advancements in graphics processing units (GPUs), which have cemented the company as a leader in the tech industry. […]
Retail Sales Disappoint In May, April Revised Even Lower

Retail Sales Disappoint In May, April Revised Even Lower

BofA’s practically omniscient analysts were more in line with consensus this month for their US retail sales forecast, with a return to growth expected in May’s data (after a less enthusiastic April print).Notably, however, consensus and BofA were over-optimistic as the headline retail sales rose just 0.1% MoM (vs +0.3% MoM exp). Worse still, April’s 0.0% […]
NZD/USD Partially Recovers After The Release Of Lower-Than-Expected US Retail Sales

NZD/USD Partially Recovers After The Release Of Lower-Than-Expected US Retail Sales

NZD/USD recovers almost a quarter of a percent to trade in the 0.6110s after the US Dollar (USD) softens, following the release of monthly US Retail Sales data, which shows shoppers tightened their belts in both April and May. Retail Sales rose 0.1% month-over-month in May but fell below the 0.2% forecast by economists. April’s flat reading, meanwhile, […]
Bitcoin dominance reaches 56%, showing cyclical performance trends over Ethereum

Bitcoin dominance reaches 56%, showing cyclical performance trends over Ethereum

While Bitcoin’s price continues to trend downward, its dominance in the general crypto market has, in contrast, surpassed 56%.At the time of writing, Bitcoin is down 11% from its most recent all-time high. According to data from Glassnode, the level of dominance that Bitcoin is now displaying was previously observed earlier in April this year. […]
Bitcoin reduced volatility points to market growth and institutional influence

Bitcoin reduced volatility points to market growth and institutional influence

Bitcoin’s (BTC) recent price movements reflect a newfound stability in the crypto market, with a notable decrease in volatility, highlighted by a report by on-chain analysis firm Kaiko. Last week, amid US macroeconomic updates, Bitcoin experienced a brief surge from $66,000 to nearly $70,000 before settling back above $66,600, as per the Kaiko BTC Benchmark […]
The RBA Kept Interest Rates On Hold And Remained Hawkish

The RBA Kept Interest Rates On Hold And Remained Hawkish

Image source: Pixabay  At the end of yesterday, the Dow Jones Index (US30) added 0.49%, while the S&P 500 Index (US500) was up 0.77%. The Nasdaq Technology Index (US100) closed positive 0.95%. On Monday, the S&P 500 Index (US500) closed at a record high, ignoring rising Treasury yields, with technology stocks continuing to rise amid continued Fed speeches. Philadelphia Fed President Patrick Harker said on […]
Unlocking ASX Trading Success: National Australia Bank Limited

Unlocking ASX Trading Success: National Australia Bank Limited

Image Source: Pixabay  ASX: National Australia Bank Limited – NAB   Elliott Elliott Wave Technical Analysis TradingLounge (1D Chart)Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with National Australia Bank Limited – NAB. We determine that NAB will continue to push higher with wave iii-grey of wave (iii)-orange. We updated our Trade Recommendation (Long Trade with NAB) yesterday. NAB […]
GBPJPY To Close Above Psychologically Important 200 Level?

GBPJPY To Close Above Psychologically Important 200 Level?

GBPJPY decreasing ~0.08% percent since the previous trading session’s close. Over the past 4 weeks GBPJPY has lost around ~1.46%. Over the last 12 months, its price rose by ~10.26%.Looking ahead, according to Bloomberg’s FX model, the GBPJPY is expected to trade (with 75.9% probability) within the 197.728 – 203.010 range during the next 7 days.GBPJPY may be experiencing higher levels […]
Liquidity Crunch

Liquidity Crunch

Image Source: Pexels  Twelve years of continuous central bank interventions (2010 to 2022) helped to sustain near-zero interest rates, which increasingly starved capital of conventional investment income/yield—the long-standing engine of compound returns.The finance sector capitalized on the yield void by offering high-fee products that touted elevated returns and on-demand liquidity. Many retail and institutional capital allocators […]
Two Trades To Watch: DAX, USD/JPY Forecast – Tuesday, June 18

Two Trades To Watch: DAX, USD/JPY Forecast – Tuesday, June 18

Image Source: Unsplash  DAX rises as the mood improves, ZEW economic sentiment is due ZEW economic sentiment to rise to 50 vs 47.1 previously Political uncertainty in France is easing DAX’s recovery lacks conviction European stocks are heading higher, tracking gains in Wall Street and Asia overnight as the rebound from last week’s sell-off continues.Last week, […]