FTSE 100 Index May Reach 8500

USDJPY – near term action remains in extended sideways mode under new multi-week high (158.07) and consolidating December’s 5% advance. Limited dips (so far contained by rising 10DMA) suggest that larger bulls remain firmly in play and likely to resume after consolidation. The dollar remains well supported by the latest hawkish shift in Fed’s interest […]

On January 11, the highly publicized Bitcoin ETF began trading after it was officially approved by the SEC. On this day, the price of Bitcoin exceeded USD 48,800, as shown by the chart. Bloomberg writes that new US spot funds achieved net inflows of USD 819 million in the first two days of trading. However, […]

The People’s Bank of China (PBoC) has unveiled a stimulus package aimed at boosting economic growth. Key measures include a cut in the 7-day repo rate, a reduction in the required reserve ratio (RRR), and support for the mortgage market and property sector. Asian and European stock markets have reacted positively to the stimulus as […]