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Market Analysis: EUR/USD Breakout Builds, USD/CHF Slides Lower Again
BySilas WEUR/USD started a fresh surge above 1.1740 and 1.1780. USD/CHF declined further and is now struggling below 0.7850. Important Takeaways for EUR/USD and USD/CHF Analysis Today · The Euro started a major increase from 1.1665 against the US Dollar. · There is a contracting triangle forming with support near 1.1775 on the hourly chart of…
SMART ZONE MT4 Indicator – ForexMT4Indicators.com
BySilas WThe SMART ZONE MT4 Indicator is designed to assist Forex traders by providing easy-to-read signals that highlight optimal market conditions. With its intuitive design, it identifies key price zones where the market is likely to reverse or continue trending. This can be a game-changer for traders who struggle to make sense of the fluctuating market…
Asda Loses Market Share Again
BySilas WAsda has reported further falls in sales figures as it continued to lose customers to other supermarkets. The retail chain is the third largest supermarket brand in the UK, but reported that its share of the market dropped again in the most recent quarter. Revenues in the first six months of the year rose by…
Markets Weekly Outlook – Rising US Job Fears, Geopolitics in the Spotlight – MarketPulse
BySilas WUS jobs data underwhelmed, triggering the SAHM rule, signaling a likely recession. The Magnificent 7 tech companies have lost nearly $1.75 trillion in market capitalization over the past 10 days. Rate cut bets for the US face significant revisions with recessionary fears weighing on global markets. Reserve Bank of Australia (RBA) next week. Will the…
China to issue $284 bn of special sovereign bonds this year – Reuters
BySilas WReuters reported on Thursday, citing two sources with knowledge of the matter, China is planning to issue special sovereign bonds worth about 2 trillion Yuan ($284.43 billion) this year as part of a fresh fiscal stimulus. Additional details China to issue 1 trillion Yuan of special bonds mainly to stimulate consumption. China to issue another…
Nvidia’s Forward Guidance Was Light
BySilas WMichael Belanger of GGM Advisory Inc. shares his thoughts on Nvidia Corp. (NVDA:NASDAQ) after their earnings were announced, and shares two ETFs he has his eyes on. Nvidia Corp. (NVDA:NASDAQ) reported earnings just after the close, and as expected, they had a blow-out quarter, but the forward guidance was deemed to be a tad “soft.” The…

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