In this video, I look at 3 Hong Kong stocks that share a compelling technical setup: each built a massive multi-year base, corrected significantly from their highs, and are now showing early signs of a bullish reversal.
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BlackRock, Inc. (BLK) and Citadel Securities are two of the investors supporting the TXSE Group Inc. (TXSE) in establishing a new US money market, the Texas Stock Exchange (TXSE). This proposed exchange will offer a platform for the listing and trading of US equities and exchange-traded assets. TXSE’s founder and CEO, James Lee, indicated the…
USDJPY: The USD/JPY pair is losing stability near 157.75 during the early Asian session on Friday, following the release of Tokyo Consumer Price Index (CPI) inflation data.The Japanese yen (JPY) rose after the data was released. Trading volumes are likely to be low ahead of the New Year holiday next week. The Statistics Bureau of…
The alluring world of financial markets beckons with the promise of substantial rewards. But navigating its ever-shifting tides can be a daunting task, especially for new traders. Fortunately, a plethora of tools exist to equip you for success, and trend indicators are a cornerstone of any technical analysis toolbox. Today, we delve into the Identify…
Investors in Nike (NKE) can hardly call 2024 a successful year:→ while the S&P 500 index (US SPX 500 mini on FXOpen) has risen by over 20% since the beginning of the year and is hovering near historic highs,→ the price of NKE shares has dropped by about 20% in 2024 and is now more…
The share price of Paramount (PARA) suffered a drop of over 7% on Tuesday amid the ongoing buyout issues. The falling price coincided with the end of the go-shop period, during which the media company sought alternative offers. With billionaire Edgar Bronfman Jr. taking a step back from the battle to gain control of Paramount,…
If you’ve been glued to the news this month, you’re likely witnessing the frustrating uncertainty caused by the ongoing U.S. government shutdown. Key official releases like the highly-anticipated Non-Farm Payrolls (NFP) jobs report and the top-tier Consumer Price Index (CPI) inflation data have been delayed for weeks now. In this economic data “guessing game,” traders…