Top News and Analysis

S&P 500, Nasdaq 100 Update - Are Wall Street Indexes Set for a January Jump?

US stocks have seen two years of strong growth, driven by tech and AI stocks, and are expected to continue performing well in 2025. Concerns remain about high valuations and the dominance of the "Magnificent Seven" tech stocks. Tesla deliveries fell in the fourth quarter of 2024 due to increased competition and reduced subsidies. January historically sees strong performance in US stocks, and technical analysis suggests the S&P 500 may be poised for a recovery.

02-01-2025 11:05 GMT by Zain Vawda

EUR/USD Tug-of-War Continues, US Dollar Index (DXY) Steady

EUR/USD remains range bound as the year comes to a close, with the pair trading just above 1.0400. ECB policymakers are cautious about future rate cuts due to a sluggish Euro. The US Dollar Index (DXY) held its gains last week, supported by positive US data. The lack of liquidity may mean that upcoming US economic data (Pending Home Sales and Chicago Purchasing Managers Index) has little impact on the US Dollar.

30-12-2024 04:47 GMT by Zain Vawda

Bitcoin’s (BTC/USD) Exchange Reserves Low as Altcoins Steal the Show

Altcoins are rallying, with Ripple reclaiming its position as a top cryptocurrency by market capitalization, up to 3rd. Bitcoin's price remains range-bound, as investors appear to be diversifying into altcoins. Bitcoin exchange reserves have plummeted, indicating a potential supply squeeze and increased demand. The sustainability of the altcoin rally depends on Bitcoin holding its ground and the overall market sentiment. Most Read: EUR/USD Hugs 1.0500 Ahead of French No-Confidence Vote

04-12-2024 14:04 GMT by Zain Vawda

S&P 500 Eyes Fresh All-Time Highs Despite Trump Tariff Threats. 6500 by Year End?

President-elect Trump announced plans for tariffs on goods from Canada, Mexico, and China. Despite tariff concerns, the S&P 500 continues to climb, with economists predicting it could reach 6500 by year-end. The S&P 500 has historically performed well in December during election years, adding weight to the possibility of a "Santa Rally."

26-11-2024 13:23 GMT by Zain Vawda

Gold's (XAU/USD) Sharp Drop: Ceasefire Optimism and Bessent's Impact on Markets

Gold prices experience significant drop due to hopes of a Lebanon-Israel ceasefire and the announcement of Scott Bessent as US Treasury Secretary. US Treasury yields fall and the dollar weakens in response to Bessent's expected policies. Technical analysis indicates a bearish trend for gold in the short term, with potential support and resistance levels identified.

25-11-2024 16:26 GMT by Zain Vawda

Bitcoin’s (BTC/USD) Rocket Ride to Near $100,000, More to Come?

Bitcoin's price surge is fueled by institutional demand, growing mainstream acceptance, and a derivatives market boom. The derivatives market surge, while driving prices higher, also increases volatility and the risk of liquidations. ETF inflows have approached $2 billion in three days, further boosting Bitcoin's rally. Most Read: GBP/USD, GBP/JPY Price Action Ideas Post UK Inflation Release

21-11-2024 14:32 GMT by Zain Vawda

Tech Stocks in Focus: Will Nvidia's Q3 Earnings Propel or Sink the Market?

Wall Street indexes are experiencing volatility due to geopolitical tensions and anticipation of Nvidia's Q3 earnings report. The release of Nvidia's Blackwell chip is a major highlight, with potential implications for the AI and computing sectors.

20-11-2024 14:48 GMT by Zain Vawda

GBP/USD, GBP/JPY Price Action Ideas Post UK Inflation Release

UK Inflation rises to a 6-month high of 2.3% in October, driven by services inflation. GBP/USD faces downside pressure but could rally if the daily candle closes above 1.2680. GBP/JPY shows mixed technical signals with a potential for upside in the short term. Most Read: Gold Price Analysis: Is the $2,600 Breakout a Bullish Signal or a Temporary Retracement? The GBP received a shot in the arm this morning owing to an uptick in UK inflation data. Market participants immediately repricing their r

20-11-2024 05:58 GMT by Zain Vawda

Bitcoin's (BTC/USD) Bull Run: On-Chain Data Signals New Demand, $100k in Sight?

Bitcoin's Bull Run: On-Chain Data Signals New Demand, $100k in Sight? On-chain data analysis suggests a new wave of demand for Bitcoin. Institutional adoption of Bitcoin continues, with BlackRock's Bitcoin ETF holdings surpassing its Gold ETF. Most Read: USD/CAD Outlook: 1.4000 Remains Elusive as US CPI Fails to Inspire Breakout Bitcoin prices have continued their impressive run today breaching the 90000 mark for the first time.

13-11-2024 12:28 GMT by Zain Vawda

Apple (AAPL), Amazon (AMZN) Earnings Preview: AI Capital Spending and iPhone Sales in Focus

Apple and Amazon's upcoming Q3 2024 earnings reports are in the spotlight. Market participants are concerned about rising AI capital expenditures impacting profit margins. Can Amazon rebound from a disappointing Q2? Apple iPhone 16 sales in focus after strong debut in China.

31-10-2024 10:53 GMT by Zain Vawda

Bitcoin (BTC/USD) Takes a Pause, $75k Still On as OTC Inflows Decline

Bitcoin price breaks above $70k for the first time since July, driven by decreased OTC desk inflows. US spot ETFs see a surge in inflows, potentially linked to the upcoming US election and perceived pro-crypto stance of Donald Trump. Despite the pullback, bullish pressure remains, with the possibility of Bitcoin reaching new highs if inflows continue. Most Read: US Earnings: Reddit, Alphabet Beat Estimates, Nasdaq 100 Retreats with Meta Up Next Bitcoin prices have finally broken above the$70k h

30-10-2024 12:21 GMT by Zain Vawda

US Earnings: Reddit, Alphabet Beat Estimates, Nasdaq 100 Retreats with Meta Up Next

Alphabet and Reddit exceed Q3 earnings expectations, driven by strong ad sales and cloud revenue. Microsoft's Q1 FY2025 earnings will be a key indicator of broader AI demand, with Azure and AI services in the spotlight. Could Meta and Microsoft facilitate fresh highs on the Nasdaq 100? Nasdaq 100 remains range-bound ahead of Meta and Microsoft earnings releases.

30-10-2024 10:03 GMT by Zain Vawda

S&P 500, Nasdaq 100 - 2nd Estimate GDP Inspires Wall Street Turnaround

Nvidia's Q2 earnings beat estimates, but forward guidance disappoints. Other semiconductor stocks, like Broadcom, show positive performance despite Nvidia's mixed guidance. The S&P 500 eyes fresh all-time highs, with immediate support at 5538.

29-08-2024 13:03 GMT by Zain Vawda

S&P 500, Nasdaq 100 - Caution Reigns Ahead of Nvidia Earnings

The S&P 500 and Nasdaq 100 are trading cautiously ahead of Nvidia earnings and US PCE data. Nvidia's earnings this week could significantly impact the AI sector and set the tone for the stock market for the weeks ahead.

27-08-2024 12:09 GMT by Zain Vawda

Bitcoins (BTC/USD) Steady Range: Mt Gox Impact and Future Outlook

Bitcoin prices are currently range-bound, the range between 56,561 and 61,750 is keeping both buyers and sellers cautious. Mt. Gox moved 13,265 Bitcoins totaling and estimated $780 million.

21-08-2024 10:56 GMT by Zain Vawda

S&P 500, Nasdaq 100 - Eight-Day Winning Streak to End or Continue?

The S&P 500 and Nasdaq 100 are on an 8-day winning streak, the longest of 2024. US share buyback figures for 2024 (through August 9) are on par with those of 2022, reflecting positive market sentiment. The Nasdaq has seen an 8-day winning streak, with a daily chart bias favoring the bulls; Key resistance hurdles lie ahead.

20-08-2024 11:26 GMT by Zain Vawda

USD/CAD Teeters Near Critical Support Ahead of Canadian Inflation Data

USD/CAD is approaching a crucial support zone above 1.3600 ahead of Canadian inflation data. The Loonie has strengthened recently due to rising oil prices and USD weakness. Upcoming Canadian inflation and retail sales data, along with Fed policymakers' statements, will be crucial for USD/CAD's direction. Most Read: Gold (XAU/USD) Eyes Consolidation Above $2500/oz.

19-08-2024 13:13 GMT by Zain Vawda

Bitcoin (BTC/USD) Price Holds Steady as Accumulation Trend Signals Potential Breakout

Bitcoin's price has been range-bound between $58,500 and $61,600, influenced by market caution and various risks. The US government's sale of $594 million worth of Bitcoin, part of confiscated Silk Road funds, adds to market uncertainty. A shift towards Bitcoin accumulation, especially among large wallets and long-term holders, suggests renewed market confidence. Double Bottom pattern hints at a potential bullish rally. Will the range be broken? Most Read: Brent Crude – Oil eyes range breakout

15-08-2024 10:40 GMT by Zain Vawda

USD/CAD Consolidates at Support Ahead of Canadian Employment Data

USD/CAD found support ahead of Canadian employment data release. Positive US jobless claims data boosted sentiment and USD. Bank of Canada hopes for moderation in unemployment rate following 50 basis points of cuts. Most Read: Japanese Yen (JPY) Price Action: Following Dovish BoJ Comments, What Does Price Action Tell Us? USD/CAD seems to have found support ahead of crucial employment data set for release tomorrow. The Canadian economy, particularly its job market, has struggled more than its co

08-08-2024 10:05 GMT by Zain Vawda

S&P 500, Nasdaq 100 Slide Ahead of Microsoft (MSFT.O) Earnings

The S&P 500 and Nasdaq 100 continue their slide following underwhelming earnings reports and poor risk sentiment. Microsoft's Q4 earnings are anticipated to be $2.94 EPS on revenue of $64.5 billion, with cloud revenue expected to reach $36.8 billion. Investor focus is on AI earnings and future spending plans. JOLTZ job openings exceeded expectations, and coupled with easing inflation, rate cut discussions are prevalent.

30-07-2024 13:31 GMT by Zain Vawda