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Sensex Today Tanks 4,390 Points | Nifty Ends Below 22,200, Down 5%

Sensex Today Tanks 4,390 Points | Nifty Ends Below 22,200, Down 5%

After opening on a negative note, Indian share markets Slipped further as the session progressed and ended the day weak.The benchmark Sensex dropped as much as 5,661 points, or 7.4% to hit an intraday low of 70,785.12 levels, on Tuesday, 4 June.The sharp drop was primarily driven by uncertainty surrounding the outcome of the Lok Sabha […]
EUR/GBP Holds Key Support Of 0.8500 With Focus On ECB Policy Decision

EUR/GBP Holds Key Support Of 0.8500 With Focus On ECB Policy Decision

 Image Source: Unsplash   EUR/GBP holds the 0.8500 support tightly ahead of the ECB policy meeting. Investors will keenly focus on the ECB’s rate-cut path beyond June. UK’s persistent wage growth remains a barrier for the BoE pivoting to policy normalization. The EUR/GBP pair remains subdued above the psychological support of 0.8500 in Tuesday’s American session. […]
Real Private GDP Continues To Rise

Real Private GDP Continues To Rise

Image source: Pixabay  Given BAC’s news earlier that businesses and consumers are slowing their purchases, this bears close watching over the coming months.“Davidson” submits: US Real GDP reported this week has some concerned that the economy is slowing. The series that is more important is the Real Private GDP by my analysis. The logic goes as such: 1)      Real GDP includes Government Expenditure […]
USD/JPY Analysis: Under Selling Pressure

USD/JPY Analysis: Under Selling Pressure

The Japanese yen rose to around 155.80 yen against the US dollar, hovering near its strongest level in two weeks as the US dollar weakened on the back of weak US manufacturing data that supported expectations of rate cuts by the Federal Reserve. Domestically, investors are looking to Japanese wage and household spending data this […]
Gold, Silver And Crypto | How Charts Look Before A Dollar Meltdown

Gold, Silver And Crypto | How Charts Look Before A Dollar Meltdown

The US dollar is on the brink of a major meltdown. This is apparent based on fundamental and technical analysis. Over the last 5 years, the US dollar has sustained some major damage through policy without losing much value against other fiat currencies.In other words, the market has not yet taken into account the true […]
This Silver Bull Still Has Strong Legs

This Silver Bull Still Has Strong Legs

Image Source: Pixabay  Last month, silver cracked the key resistance of $30 an ounce level for the first time in over a decade. It’s been quite a bull run for silver, and Chen Lin thinks it has plenty of legs left.Lin is the founder of Lin Asset Management, and during a recent interview with Kitco News, he […]
Bitcoin Price On Verge Of Major Breakout?

Bitcoin Price On Verge Of Major Breakout?

Bitcoin’s recent price behavior suggests a big move is imminent.Note how prices have been hemmed into a tighter “triangle” trading range of late.Since hitting a two-month low coming into May 2024, when prices fell into sub-$60k waters, prices of the world’s largest crypto have been on a recovery.Prices have since found support from a lower upward trendline, along with its 21-day […]
Elliott Wave Technical Analysis: MicroStrategy Inc.

Elliott Wave Technical Analysis: MicroStrategy Inc.

Image Source: Unsplash  MSTR Elliott Wave Analysis Trading Lounge Daily Chart, MicroStrategy Inc., (MSTR) Daily ChartMSTR Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: MotivePOSITION: Minor wave 1.  DIRECTION: Top in Minor wave 1.  DETAILS: Looking for a top in either Minor wave 1 or else Intermediate (5).MSTR Elliott Wave Analysis Trading Lounge 4Hr Chart,MicroStrategy Inc., (MSTR) 4Hr ChartMSTR Elliott Wave […]
Indices Surge As Commodities Shift In Dynamic Market Highlights

Indices Surge As Commodities Shift In Dynamic Market Highlights

Dow Jones (U30USD)The Dow Jones Industrial Average had its best session of the year on Friday, capping off a strong month. This rise followed the release of economic data that met expectations, including the core personal consumption expenditures price index, which increased by 0.2% in April as anticipated. Core PCE rose 2.8% annually, just above […]
Roaring Kitty Goes All In On GameStop

Roaring Kitty Goes All In On GameStop

Image Source: Unsplash  GameStop shares traded nearly 100% higher in pre-market trading before Monday’s official 9:30 ET opening. The reason is a Tweet and Reddit post from Roaring Kitty. On Twitter, he shared the picture below of an Uno playing card. Further, on Reddit, Roaring Kitty posted for the first time in three years. It sounds […]