Hang Seng Tech Index has skyrocketed 46% in under three months, with a sharp 13% jump in just three days. What’s driving this surge, and more importantly, will it continue?
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Gold prices found stability above $2700/oz after an initial drop. Historically, gold prices saw an initial two-day rally followed by a decline after Trump’s 2017 inauguration, driven by safe-haven demand and uncertainty. Technically, gold appears to be in a “wait and see” mode, with a bounce off the 2700 handle suggesting potential upside. Markets will…
The EUR/USD weekly forecast shows a rebound in the dollar. The greenback fell in anticipation of a rate cut by the Fed. Powell noted that employment risks had increased. The EUR/USD weekly forecast shows weakness as the US dollar recovers ground after the Fed’s rate cut, as the impact has already been priced. Ups and…
The chart for Tesla (TSLA) shares reveals:→ At the beginning of December, the price was around $350;→ Yesterday, the trading session closed above $420, surpassing the previous all-time high near $410 set in 2021. The primary driver of this bullish sentiment appears to be the partnership between Elon Musk and Donald Trump. Since the 5…
Plus500 has made a significant stride in its international expansion strategy by securing a license from the Canadian Investment Regulatory Organisation (CIRO). The move, announced earlier this week, allows Plus500 to offer over-the-counter (OTC) products directly to Canadian clients, marking a pivotal moment for the company as it broadens its reach and diversifies its revenue…
The Japanese yen is in negative territory on Tuesday. In the North American session, USD/JPY is trading at 154.44 up 0.46% on the day. No clarity from BoJ summary of opinions The Bank of Japan summary of opinions indicated a lack of clear direction regarding the timing of a rate hike. This will leave traders…