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US markets fell yesterday as investors questioned the wave of higher AI spending pledged by Big Tech, even though every major name that reported this week beat lofty expectations on earnings, revenue and cloud growth. The Nasdaq 100 dropped nearly 1.5%, with Microsoft down almost 3%, and Meta plunging 11%, breaking below its 200-day moving […]

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Nasdaq 100: Short-Term Bullish Trend Remains Intact Despite a Less Dovish Powell

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16/01/2024

Gold Wave Analysis

Gold reversed from support level 2020.00 Likely to rise to resistance level 2075.00 Gold recently reversed up from the pivotal support level 2020.00 (former minor support from the middle of December). The support level 2020.00 was strengthened by the lower daily Bollinger Band and by the 61.8% Fibonacci correction of the upward impulse 1 from […]
08/06/2024

Weekly Focus – ECB in No Rush to Commit to Further Ccuts

The ECB delivered the widely anticipated first 25bp rate cut but kept its forward-looking guidance vague. Lagarde noted there was a ‘strong likelihood’ the ECB would dial back the restrictiveness of their monetary policy going forward but was not ready to pre-commit or even discuss the possible timing of the next cut. The updated economic […]
13/02/2025

Nikkei 225 index Wave Analysis

Nikkei 225 index reversed support level 38000.00 Likely to rise to resistance level 40285.00 Nikkei 225 index recently reversed up from the support level 38000.00, which is the lower border of the narrow sideways price range inside which the index has been moving from last October. This support area was strengthened by the lower daily […]