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…
Weekly Chart The weekly time frame shows that price is approaching the previous all-time high, a big milestone for Bitty. The swing high extensions (Swing:SH Ext at 32165) serve as a reference point for potential resistance on further moves up. This swing indicator will likely print a higher low soon around $40,000. Key Levels to Read More…
Oil prices rose slightly on Monday due to supply concerns as jitters in the Middle East escalated. However, trading volume was thin as US markets were closed for the President’s Day holiday. Moreover, markets were closed earlier than usual. WTI and Brent futures (Source: ICE, Nymex) Oil has risen as supply concerns due to Middle Read More…
Weekly Chart The weekly chart has formed spinning tops near the recent all-time high. This tells us that there is indecision in the market. The RSI is currently overbought at 71.31. before the formation of the spinning tops there was only 1 red week out of 14. This amount of bullish price action cannot last Read More…
