Top News and Analysis

USD/JPY Outlook: The US dollar bounce against the yen may face headwinds soon

The downward trajectory of the 10-year & 2-year yield spreads of US Treasuries/JGBs is likely to support a medium-term downtrend phase of the USD/JPY despite the recent rebound seen since 11 March.

18-03-2025 10:20 GMT by Kelvin Wong

WTI Oil Technical Outlook: Potential corrective rebound looms

The three-month downtrend phase of WTI crude oil from January has stalled at a major range support of US$65.40/barrel where a corrective rebound may be triggered at this junture.

17-03-2025 12:15 GMT by Kelvin Wong

Is Bitcoin (BTC/USD) Heading Lower? Examining Mt. Gox, Tariffs, and Technical Indicators

Bitcoins price volatility has been impacted by Trump's tariff policies, recession fears and Mt. Gox Transfers. Glassnodes's accumulation trend score shows shifts in investor sentiment and increased selling pressure. Mt.

13-03-2025 18:34 GMT by Zain Vawda

Bitcoin's (BTC/USD) Wild Ride - Open Interest, ETF Flows Amid Trump's Crypto Remarks

Bitcoin's (BTC/USD) price experienced significant volatility, dropping to $78k before rising to $95,000 due to Trump's cryptocurrency reserve comments, then settling around $86k. Open interest for Bitcoin is at a six-month low, which historically has preceded price jumps. Spot Bitcoin ETF flows saw a $94.3 million investment on the last day of February, ending a period of significant withdrawals. Can it continue? Technical analysis indicates a potential downtrend for BTC/USD.

03-03-2025 20:26 GMT by Zain Vawda

NVIDIA (NVDA) Earnings Today: AI Chip Demand and Dow Jones Impact

NVIDIA is expected to announce strong Q4 2024 earnings, driven by high demand for GPUs in data centers and AI applications. The market is closely watching how NVIDIA's earnings will reflect the demand for AI chips, especially after China's DeepSeek incident. Potential challenges for NVIDIA include possible tariffs on chips manufactured in Taiwan (TSMC) and new export restrictions to China.

26-02-2025 10:06 GMT by Zain Vawda

Bitcoin (BTC/USD) Holds Above $95k but Faces Significant Resistance Ahead

Bitcoin (BTC/USD) is holding above $95k but facing significant resistance. While spot Bitcoin ETFs have attracted substantial investments, there have been recent net outflows, and on-chain data suggests a cooling down in speculative appetite. Strategy's potential Bitcoin purchase, following a $2 billion fundraising, could be a catalyst for a future bull run. Most Read: Brent Oil Price Forecast: Supply Concerns and Technical Analysis Bitcoin has regained momentum after finding support at the key

20-02-2025 19:15 GMT by Zain Vawda

US CPI Release Today: What to Expect and Market Reactions

US CPI inflation data for February 2025 is being released today, and markets are closely watching due to recent increases in inflation expectations. Economists expect headline inflation to rise by 0.3% for the month, keeping the yearly rate at 2.9%. The article provides a table outlining potential market impacts based on different CPI scenarios on the US Dollar.

12-02-2025 05:41 GMT by Zain Vawda

Trump's Tariff Strategy: Trade War or Trade Deals?

President Trump's tariffs on Mexico and Canada have been postponed to March 1st after successful negotiations.

04-02-2025 05:45 GMT by Zain Vawda

DeepSeek vs. US Tech Giants: The Battle for AI Supremacy and Its Market Impact

DeepSeek, a Chinese AI startup, has launched a new open-source AI model that is reportedly as good as top chatbots but significantly cheaper. This news triggered a selloff in US tech stocks, with Nvidia and other chipmakers experiencing significant drops.

27-01-2025 11:49 GMT by Zain Vawda

S&P 500, Dow Jones (DJIA) Update - US Indexes Continue Advance on Trump AI Push

S&P 500 and Dow Jones continued to advance, boosted by strong earnings reports. President Trump announces major AI investment drive called Stargate. The Dow Jones has risen approximately 6% since January 13, and is approaching overbought territory on the RSI. Time for a pause? Earnings season continues with upcoming reports from GE Aerospace, American Express, and Verizon. Most Read: EUR/USD Technical Outlook: Is EUR/USD Poised for Potential 800-pip Rally? U.S.

22-01-2025 13:03 GMT by Zain Vawda

USD Index (DXY): Dollar Recovers as Tariffs Take Center Stage

President Trump's comments about potential tariffs on Canada and Mexico by February 1st caused increased market volatility and risk aversion. The US Dollar Index (DXY) experienced significant price swings due to uncertainty and shifting information.

21-01-2025 09:15 GMT by Zain Vawda

S&P 500, Nasdaq 100 Update - Strong Earnings Power Market Gains

TSMC's strong Q4 2024 earnings and positive 2025 forecast boosted market sentiment and drove gains in chip stocks like Nvidia. Overall corporate profits remain strong, with a high percentage of S&P 500 companies exceeding earnings estimates. Technically, the S&P 500 is still in a bearish trend, but a close above the 5981 handle could signal a change in structure and potential further upside. Most Read: Bitcoin (BTC/USD) vs. Nasdaq: Is the Correlation Affecting Crypto Outflows? U.S.

16-01-2025 08:53 GMT by Zain Vawda

Hang Seng Index: Transforming into a medium-term bearish trend despite improving Services PMI from China

Sentiment remains fragile in China and Hong Kong stock market even China services activities have improved in December. Weak market breadth and a persistent bearish trend of the Chinese yuan since November has added to more woes to the Hang Seng Index. Watch the 19,700/20,130 key medium-term resistance on the Hang Seng Index.

08-01-2025 04:26 GMT by Kelvin Wong

Bitcoin (BTC/USD) Breaks $100k: MicroStrategy Buys, Trump Effect, and Elon Musk's X Factor

Bitcoin breaches $100k mark amidst positive sentiment and MicroStrategy's buying spree. Whale activity and ETF inflows signal renewed institutional interest in Bitcoin. Elon Musk's X platform plans to introduce payments feature, potentially boosting crypto adoption. Technical analysis suggests Bitcoin's upward momentum may continue, with key resistance levels to watch.

06-01-2025 13:21 GMT by Zain Vawda

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