The S&P 500 and the Nasdaq 100 index’s break above key resistance confirms that the 2022-2023 downtrend has ended, raising the odds of a resumption of the long-term uptrend. While Nasdaq looks a bit tired, DJIA appears to be on the verge of a bullish break.
Schlagwort-Archiv: Market
Gold Q3 Technical Forecast: Recent Breakdown Signals More Losses
The recent breakdown in gold prices could portend further losses for the yellow metal early in the third quarter.
Q3 Euro Fundamental Forecast: Deteriorating Data to Test ECB’s Resolve
Worsening economic data in Germany and wider Europe sets up an interesting third quarter as the ECB maintains hawkish resolve. Euro to feel the pressure
Bitcoin Q3 Technical Forecast: Candlestick Patterns Hint at Potential Bullish Continuation
Bitcoin Prices may see a short-term pullback in the early part of Q3 but remains poised for further gains.
Q3 Top Trade: Canadian Dollar Could Rise Further Against the US Dollar in the Third Quarter
The Canadian dollar’s rise against the US dollar above key resistance points to further gains on improving risk appetite amid resilient global growth, signs of a turnaround in commodity prices, and hopes of more stimulus from China.
Bitcoin Looking to Shrug Off Regulatory Concerns and Push Even Higher
Bitcoin is entering the third quarter of the year on the front foot and is looking to print a new yearly high after rallying sharply in the last weeks of June.
US Dollar Q3 Fundamental Outlook – It’s All About Data
US inflation is moving lower but remains uncomfortably high, helped in part by a robust US jobs market
Japanese Yen Q3 Technical Forecast: USD/JPY and EUR/JPY on Bullish Paths
USD/JPY and EUR/JPY maintain a positive technical outlook heading into the third quarter, as sentiment around the Japanese yen continues to be extremely bearish.
Equities Q3 Fundamental Outlook: Uptrend Solidifies as Fear of Missing Out Effect Sets In
The spectacular run in US equities looks set to spill over in the third quarter, thanks to improving overall sentiment after the raising of the US debt ceiling, reduced stress in the banking system, the resilience of the US economy, and hopes that global interest rates are peaking
Crude Oil Q3 Technical Forecast: Brent Bulls Lick Their Lips
Oil technicals enter Q3 on the back of a broad consolidation where an upside breakout eyes the long-term trendline and $80 mark