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DJIA

Why the Markets Dropped, and Will it Continue?

Daniel John Grady Dec 19, 2024 48 0

Wednesday's market drop wasn't all that surprising, but it is somewhat uncharacteristic. Going into the latter half of December, typically the markets tend to outperform. With the Fed easing rates and the US economy reportedly in good…
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Technical Analysis

Intraday Market Analysis 03.05.2022

Jing Ren May 3, 2022 691 0

EURUSD sees further downside The euro continues to weaken over growth concerns in the eurozone amid the war in Ukraine. A tentative break below 1.0500 further put the euro under pressure. A lack of rebound suggests that the bears…
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Technical Analysis

Intraday Market Analysis 29.04.2022

Jing Ren Apr 29, 2022 639 0

USDJPY breaks higher The yen nosedived after the Bank of Japan vowed to keep its interest rates ultra-low. The dollar’s surge above the top range (129.30) of the recent consolidation forced early sellers to cover and switch…
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Technical Analysis

Intraday Market Analysis – CHF Bounces Back 12-04-2022

Jing Ren Apr 12, 2022 645 0

USDCHF hits resistance The Swiss franc rallies across the board as traders dump risk assets for safe haven ones amid uncertainty. The latest rebound came to a halt at 0.9370 from the late March sell-off. The RSI’s double top in the…
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Technical Analysis

Intraday Market Analysis – USD Seeks Support 01-04-2022

Jing Ren Apr 1, 2022 773 0

GBPUSD attempts to rebound The US dollar went sideways as February’s PCE fell short of expectations. The pair met stiff selling pressure around 1.3300, a supply zone next to the 30-day moving average. A break below 1.3120 may have…
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Stocks

StockWatch: US Indices Continue Winning Streaks!

David Kindley Mar 30, 2022 593 0

The Dow Jones and the S&P500 continued their winning streaks in yesterday’s session. The big performers on the indexes were Apple and Tesla, as the latter’s stock jumped over 8% on stock split rumors. Apple capped off an 11-day…
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Stocks

StockWatch: Dow Eyes 30000!

David Kindley Mar 14, 2022 621 0

A quick look back on 2021 and the Dow, in particular, enjoyed gains. But is the party over now for the big American indices? The Dow is down more than 9% so far this year, with the S&P and Nasdaq down 12% and 18% respectively.…
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Technical Analysis

Intraday Market Analysis 11.03.2022

Jing Ren Mar 11, 2022 674 0

NZDUSD consolidates gains The New Zealand dollar inched higher supported by roaring commodity prices. A break above the daily resistance at 0.6890 has put the kiwi back on track in the medium term. A bullish MA cross on the daily…
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Technical Analysis

The Week Ahead – The Next Move

Jing Ren Feb 25, 2022 1,859 0

AUDUSD struggles as sentiment worsens A deterioration in risk sentiment took a toll on the Australian dollar. War in Ukraine drove investors into safe havens and left riskier currencies such as the Aussie vulnerable. The sell-off…
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Stocks

StockWatch: The Dow Plunges as Russia Invades Ukraine!

David Kindley Feb 24, 2022 808 0

The Dow fell by 2.4% with the S&P500 and Nasdaq also down by 2.3% and 2.8% respectively, as the Russia-Ukraine crisis escalates. Brent oil moved over $100 a barrel as well, the highest in over seven years. Sanctions will…
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