Global Market Weekly Recap: June 10 – 14, 2024
Major asset classes marched to the beat of their own drum, even as the highly anticipated U.S. CPI and FOMC statement events came to shake up the markets.
Major asset classes marched to the beat of their own drum, even as the highly anticipated U.S. CPI and FOMC statement events came to shake up the markets.
Zain Vawda Market Analyst Zain is an experienced financial markets analyst and educator with a rich tapestry of experience in the world of retail forex, economics, and market analysis. Initially starting out in a sales and business development role, his passion for economics and technical analysis propelled him towards a career as an analyst. He…
When analysing the Tesla (TSLA) stock price chart six days ago, on the morning of 5 June, we:→ highlighted Elon Musk’s critical comments regarding the spending bill promoted by the US President;→ noted that a potential rift between Musk and Trump could have long-term implications, including for TSLA shares;→ outlined an ascending channel (marked in…
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Prop Firms That Accept US Clients: What You Need to Know Proprietary trading firms or prop firms have opened up exciting new paths for retail traders to access large amounts of capital without needing to risk personal funds. But if you’re based in the United States, you might wonder: Are prop firms legal in the…
Strategy: Flip 55 The Flip 55 is a trend-following strategy. This straightforward approach utilizes 2 moving averages has undergone extensive backtesting by our team, demonstrating a winning ratio between 70% and 80%. Recommended Timeframe This strategy is adaptable to various timeframes, including H1, H4, and Daily. Although it can be applied…
Week in Review: Bitcoin all-time highs, Weaker Dollar in another volatile week The US Dollar was once again on the main stage this week as we have observed initial market reactions after last Friday’s US Credit Rating Downgrade by Moody’s Agency. The Dollar Index (DXY) went back below the 100.00 level, Longer-end yields in US…