Investing

Overall Analysis Oil continues its momentum towards downside with swing creation indicating selling opportunities.  Natural Gas is trying to break the selling trend, but 0.5 feb retracement gives strong rejection.  Oil Chart Analysis  Oil/USD 15-Minute Chart (Source: TradingView) On the 31st Oct 2024 trading session, oil prices showed a bull…

Overall Analysis Bitcoin continues to move within a sideways zone, showing strength on the upside. The previous swing is only 300 points away from its all-time high. Ethereum is slowly rallying upward, with high volatility evident in its price movement. Bitcoin Chart Analysis BTC/USD 15-Minute Chart (Source: TradingView) On the…

Overall Analysis Gold has reached an all-time high and is holding at that level. The price is forming an ascending triangle, indicating a potential upward move. Silver fell sharply during Wednesday’s trading session, and lower levels may be retested. High volatility and a lack of structure make it challenging for…

Starbucks (SBUX) stock reported poorer-than-expected preliminary fourth-quarter results, thereby showing a revenue decrease of 3% year over year to $9.1 billion and a drop of 24% in the adjusted earnings per share, now standing at $0.80. Investors’ swift response in the form of a more than 5% fall in premarket…

Overall Analysis EUR/USD is moving upward, forming an ascending channel. The price may face strong resistance around the 1.08703 level. EUR/GBP is in a downtrend on the higher time frame, with the price encountering resistance near the 0.83825 level. EUR/USD Chart Analysis  EUR/USD 15-Minute Chart (Source: TradingView) On October 30,…

S&P 500 and Stock futures dropped on October 31, when investors digested not-so-good results of the tech corporations and, on the other hand, looked forward to reports from Apple and Amazon. S&P 500 futures fell by 0.5%, with the Nasdaq 100 and Dow Jones futures equally falling by 0.6% one…

Overall Analysis The Australian Dollar/US Dollar has currently in a selling trend for a long, following a channel-based moment.  The Australian Dollar/New Zealand Dollar is also under selling pressure and is currently on a sensitive level. AUD/USD Chart Analysis  AUD/USD 15-Minute Chart (Source: TradingView) On the 29th Oct 2024 price…

Overall Analysis Oil continues its momentum towards downside with swing creation indicating selling opportunities.  Natural Gas trying to break selling trend, but 0.5 feb retracement gives strong reject.  Oil Chart Analysis Oil/USD 15-Minute Chart (Source: TradingView) On the 29th Oct 2024 oil price showed high volatile behavior, price is currently…

Overall Analysis Bitcoin continues making higher highs and higher lows on the 29th Oct trading session, missing all-time highs just by 400 points.  Ethereum continues its rally towards the upside, price took a pause from higher levels and closed sideways.  Bitcoin Chart Analysis BTC/USD 15-Minute Chart (Source: TradingView) On the…

Reddit stock gains momentum as the company’s first profitable quarter marks a significant milestone, pointing to a turning point for the social platform that has been unprofitable for almost two decades. It saw a cool $29.9 million profit on top of revenue of $348.4 million – a 68% increment from…