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Asian Stock: China Hongqiao Group

Asian Stock: China Hongqiao Group

Company: China Hongqiao Group LimitedBloomberg ticker: 1378 HKMarket cap: US$14,315mBackground: China Hongqiao Group Limited is one of the largest aluminum producers in the world, with an annual production capacity of 6m tons. The company has 11 major production bases around the globe and has become one of the largest miners of bauxite, which is the main source of aluminum. […]
Daily Market Outlook – Thursday, Aug. 22

Daily Market Outlook – Thursday, Aug. 22

Image Source: Pixabay  Following the generally positive signals from global markets overnight, Asian stock markets are mostly up on Thursday. The Japanese market reversed the losses from the previous session and is now much higher on Thursday. The Nikkei 225 is trading back above the 38k handle supported by financial, technology, and exporter firms. The market […]
Our CyberSecurity SaaS Software Stocks Portfolio Has Reversed Direction: -15% In July: +13% MTD

Our CyberSecurity SaaS Software Stocks Portfolio Has Reversed Direction: -15% In July: +13% MTD

Image Source: Pixabay  An IntroductionWith cybercrime damage reported (see here) to possibly reach $10.29 trillion by 2025 sophisticated cyber security is crucial to protect networks, systems and other digital infrastructure from malicious cyber attacks (see here). It is estimated that cyber security spending was only $188B in 2023 and, with research (source) forecasting that corporate spending on […]
Gold Did Not Reach The Target; The Area Needs To Be Broken

Gold Did Not Reach The Target; The Area Needs To Be Broken

Image Source: Pixabay  Today you will see gold price prediction based on the technical analysis. What is the support and resistance on the daily time frame for XAUUSD. What to expect where the price will breakout for the XAUUSD based on the supply and demand zones.Video Length: 00:03:41More By This Author:Gold Moved Down To 2509.93 As Said; […]
Elliott Wave Technical Analysis: Nifty 50 Index – Thursday, Aug. 22

Elliott Wave Technical Analysis: Nifty 50 Index – Thursday, Aug. 22

NIFTY 50 INDEX – NIFTY (1D Chart) Elliott Wave / Technical Analysis: Function: Corrective Lower (Intermediate degree, orange.)  Mode: Corrective  Structure: Potential Impulse within larger degree Corrective Wave  Position: Potential Minute Wave ((ii)). Not marked as still early.  Details: As discussed earlier, potential Minor Wave 5 Grey of Intermediate Wave (5) Orange might be complete around 25100 mark. Furthermore Minute Waves ((i)) and ((ii))  (not labelled on Daily Chart) could be complete […]
AI Confirms That Gold Is A Good Investment

AI Confirms That Gold Is A Good Investment

Image Source: Pixabay  The price of an ounce of gold has broken through the symbolic $2,500 level, and this rally seems far from over, confirming its key role in everyone’s savings. We know why gold is a good investment – we often talk about it here. However, to make sure we haven’t missed anything, and in the interests […]
A US Inflation Round-Trip?

A US Inflation Round-Trip?

The US inflation rate rose and now has fallen. How close is the US economy to completing the round trip? For thinking about this question, here are a few useful figures from the posts at the blog of the Council of Economic Advisers.(For those unfamiliar with the CEA, it’s administratively part of the White House. It […]
Data Continues To Cement September Fed Cut

Data Continues To Cement September Fed Cut

US payrolls numbers were revised down by 818k, which is a lot but within the range of economists’ estimates. Overall, the UST curve bull steepened. Today, wage data and PMIs in the eurozone will help euro rates find direction independent of the US.depositphotosUS payrolls lowered in line with expectationsThe provisional revision of US payrolls suggests 818k fewer […]
The Australian Index Has Been Growing For 10 Consecutive Trading Sessions

The Australian Index Has Been Growing For 10 Consecutive Trading Sessions

Image Source: Unsplash  Stocks in the US ended the session higher on Wednesday. The Dow Jones Index (US30) rose by 0.14%, while the S&P 500 Index (US500) gained 0.42%. The Nasdaq Technology Index (US100) closed positive, 0.57% yesterday. Stocks rose on Wednesday after a significant downward revision to US payrolls data and a dovish FOMC meeting minutes from July 30-31 drove bond yields lower […]
USD/JPY: Downtrend Continues, But A Rebound Could Be On The Horizon

USD/JPY: Downtrend Continues, But A Rebound Could Be On The Horizon

USD/JPY has seen a sharp decline, dropping from 149.36 to as low as 144.45. What to Expect Next Potential for Further Decline: As long as the 147.34 resistance level holds, the pair could continue to decline, with the next target around the 143.60 area. Possible Rebound: The fall from 149.36 appears to be a correction […]