Gold prices rose on Wednesday as Middle East tensions had investors looking for safety in the safe haven of yellow metal. Moreover, a decline in the dollar made gold cheaper for foreign buyers, increasing its demand. Notably, the Israel-Hamas war has escalated since last week with more strikes on vessels in the Red Sea. Additionally, Read More…
Nasdaq futures jumped approximately 2% Thursday morning following a strong earnings report from Nvidia, a leader in AI chip design. The company exceeded Q4 revenue expectations and projected Q1 revenue to triple, fueled by robust demand for its artificial intelligence chips. In premarket activity, Nvidia shares skyrocketed 12.9%, poised to add over $200 billion to its market Read More…
Weekly The weekly chart of the Nikkei Futures has been in a strong uptrend, as indicated by the SuperTrend indicator, which has been green for an extended period. The Awesome Oscillator (AO) is positive too as the Japanese index surges to new highs. Key Levels to Watch on the Weekly: Daily On the daily chart, Read More…
Japan’s stock market has reached new heights not seen since the country’s asset bubble in the late 1980s. Back then, share prices soared to astronomical levels, fueling a national mood of affluence and speculation. 87-year-old investor Kazukuni Yamazaki recalls the spectacle of daily stock fluctuations drawing crowds of eager onlookers, including young office workers. Luxury Read More…
Gold prices have demonstrated remarkable resilience in recent weeks, rebounding from dips and maintaining an upward trajectory overall. This precious metal’s recovery is attributed primarily to the weakening of the US dollar and lower Treasury bond yields, both of which enhance gold’s appeal as an investment hedge. Technical analysts have identified key support levels around Read More…
Equities closed lower on Tuesday as investors continued to absorb the shock of higher-than-expected US inflation. US markets stayed closed on Monday due to a holiday. Meanwhile, last week, the rally in equities reversed when the US reported upbeat consumer and wholesale inflation figures. As a result, investors lost hope of early Fed rate cuts Read More…
