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Gold Consolidating High

Gold Consolidating High

Image Source: Unsplash  Gold has generally drifted sideways for a couple of months now, consolidating high. That lack of progress has significantly eroded sentiment, bleeding off greed and stoking bearishness. But this healthy process is exactly what gold is needed to rebalance sentiment. After soaring to extremely overbought levels in April, greed grew excessive. The high […]
USD/CAD Price Analysis: BoC’s Rate Cut Plan Weighs On Loonie

USD/CAD Price Analysis: BoC’s Rate Cut Plan Weighs On Loonie

The USD/CAD price analysis indicates a bullish trend as the Canadian dollar depreciates following the BoC’s reaffirmation of its intention to cut rates. The loonie was also weighed down by a stronger dollar, which rose on safe-haven demand.–Are you interested in learning more about Ethereum price prediction? Check our detailed guide-Notably, the Bank of Canada became […]
When Will The Boom/Bust Rollercoaster End?

When Will The Boom/Bust Rollercoaster End?

Image source: Pixabay  How can we know for sure the stock market is in a bubble? Nvidia (NVDA) has been up 155% year to date; its market cap is over $3 trillion. The company has gained the equivalent of Amazon in just six months. And it is responsible for just over half of the S&P 500 […]
Chart Of The Day: Avidity Biosciences – Something’s Up?

Chart Of The Day: Avidity Biosciences – Something’s Up?

Image Source: Pexels  Author’s Note: Every once in a while I see a stock where most analysts predict decreasing Revenue and Earnings but they all seem to recommend it anyway — Here is a good example. Please tell me what I’m missing.The Chart of the Day belongs to the biotechnology company Avidity Biosciences (RNA). I found the stock by […]
FTSE Fighting To Break Longest Weekly Decline Since March

FTSE Fighting To Break Longest Weekly Decline Since March

Image Source: Unsplash  Britain’s FTSE 100 was on track to experience its longest weekly losing streak since March 2020 on Friday, as uncertainty surrounding interest rates and political unrest in Europe weighed on investors. The blue-chip FTSE 100 index declined by 0.06%, marking its fifth consecutive weekly drop with a 1.2% decrease. The repercussions of French […]
BRN On Track To Post The First Weekly Gain In Four Weeks?

BRN On Track To Post The First Weekly Gain In Four Weeks?

BRN may be able to post its first weekly gain in the past four weeks following the lower PPI and an uptick in initial jobless claims reading.Thursday’s macroeconomic releases have boosted the implied probability of an interest rate cut during the Fed meeting next September. Lower interest rates may boost the economic activity, thus the demand for black gold. […]
Will Google Acquire Hubspot And Enter The SaaS Business?

Will Google Acquire Hubspot And Enter The SaaS Business?

Inbound marketing specialist HubSpot (HUBS) recently reported its first-quarter results that continued to outpace market expectations. The company is seeing strong interest in the market because of talks about its acquisition by Google. HubSpot’s FinancialsHubSpot’s first quarter revenues grew 23% to $617.4 million, ahead of the Street’s forecast of $598 million. Non-GAAP EPS of $1.68 grew […]
Sensex Today Ends 204 Points Higher; Nifty Above 23,400

Sensex Today Ends 204 Points Higher; Nifty Above 23,400

After opening the day lower, Indian shares reversed the trend as the session progressed and ended on a positive note.Benchmark indices were quick to recoup morning losses to end the day higher for a third straight session.At the closing bell, the BSE Sensex stood higher by 182 points (up 0.2%).Meanwhile, the NSE Nifty closed higher by 67 points (up […]
USD/CAD Extends Upside To Near 1.3770 On Hawkish Fed Improves US Dollar’s Outlook

USD/CAD Extends Upside To Near 1.3770 On Hawkish Fed Improves US Dollar’s Outlook

The USD/CAD pair extends its upside to near 1.3770 in Friday’s American session. The Loonie asset strengthens as the US Dollar (USD) rises further due to a hawkish interest rate update by the Federal Reserve (Fed). Latest interest rate projections from Fed policymakers indicate that there will be only one rate-cut instead of three forecasted […]
Elliott Wave Technical Analysis: WTI Crude Oil Commodity

Elliott Wave Technical Analysis: WTI Crude Oil Commodity

Image Source: Unsplash  WTI Elliott wave analysis Function – Counter-trend Mode – Corrective Structure – Impulse for wave 1Position – Wave 2Direction – Wave 2 is still in playDetails – Wave a of 2 appears to be close to completion. We could see a deeper pullback for wave b of 2 in the coming days against 72.47. Crude Oil Elliott Wave AnalysisCrude oil […]