Technical Analysis Suggests Bullish Outlook for S&P 500 with Key Technical Levels to Watch

S&P 500 The recent decision by the FED to raise interest rates by 25 basis points was in line with what most analysts had expected. This move, combined with the Bank of England’s recent 50% rate hike, has contributed to a bullish state in US equities. While the Fed’s action is perceived as dovish compared … Read more

GBP/USD Pair Shows Bearish Trend: Technical Analysis & Impact of UK GDP Data

The currency exchange market has been volatile recently, with the GBP/USD pair showing significant movement. The pair has been heading toward the 1.2000 mark, despite experiencing several losses in the previous week. Currently, the exchange rate stands at 1.2030, reflecting the impact of recent events and decisions made by central banks. The downbeat of the … Read more

The Uncertain Future of the US Dollar: A Comprehensive Analysis of 2023 Trends

Despite a 10% decrease in value from September highs, the future of the US dollar appears uncertain as experts predict further weakening in the coming year. Despite a recent easing of inflation, economic indicators and market trends point to a potentially negative outlook for the world’s most widely traded currency. A range of factors, such … Read more

Tesla’s Model Y Gets Tax Credits, Boosting Stock Value and Driving Demand

Tesla Gets Model Y Tax Credits Tesla Inc. stocks have seen a significant increase in value, with shares rising 77% since January 2023. This growth can be attributed to the recent announcement that most Tesla Model Y electric vehicles will now fully qualify for tax credits. Investors have welcomed the news following the economic downturn … Read more

January Market Performance: ASOS Emerges as Top Performer, Airlines & Clean Energy Companies Thrive in Challenging Market

FTSE 350 Market Watch ASOS, the popular online fashion retailer, emerged as the best-performing asset in January despite facing a severe market storm. As a result, the company’s stock has surged 71% and continues to gain, rising 0.4% on Tuesday. Although the recent growth is impressive, ASOS’ stock is still below its levels from 2021. … Read more

Crude Oil Market Faces Uncertainty Amid Surplus, Drone Attack, and Recession Fears

Crude Oil Watch The oil market is already facing challenges with the surplus of crude oil from Russia, and the drone attack in Iran has added to the uncertainty. Moreover, the situation in the Middle East has escalated further with the attribution of the attack to Israel by a US official, causing high tensions in … Read more

Upcoming Rate Hikes by the FED and BoE: Impact on Financial Market & Economic Indicators to Watch

The upcoming week promises to be a tumultuous seven days for the financial market because the Fed Reserve and the Bank of England are to make important announcements regarding interest rate hikes. Analysts expect the Fed to slow the rate increases with a quarter-point rate hike, while other analysts predict the Bank of England to … Read more

Bed Bath & Beyond Inc. Faces Bankruptcy After JP Morgan Notice – Company Owes Over $1B

The big household retailer is reportedly nearing bankruptcy after receiving a notice from JPMorgan. The company is said to owe the bank over $1 billion, and according to a statement released by the company, they lack the monetary means to pay off the debt. This news surprises many, as Bed Bath & Beyond Inc. has … Read more

Crypto Market Primed for Selloffs – Here’s Why

BTC’s 30d MVRV has touched early 2021 bullish market regions, leading to unrealized profits for most investors. On-chain indexes show miners are selling, increasing challenges to the current rally. Developments such as United States banks suspending deals with cryptocurrency exchanges begin to pile up. Bitcoin has highly contributed to the latest uptrends in the cryptocurrency … Read more

Experts Predict Comeback for Norwegian Krone Against US Dollar: Insights & Challenges

Norwegian Currency to Rebound Against The USD Experts are predicting a comeback for the Norwegian Krone against the dollar, thanks to the immense wealth generated from the country’s oil production activities. According to market analysts, the market is undervaluing the currency given its recent performance and the significant revenue Norway receives from its energy exports. … Read more

Maker (MKR): Clearing This Hurdle Will Trigger Potential Upsides to $800

MKR seemed ready for surges toward the $800 mark. Unlike longer-term holders, Maker’s near-term investors saw gains. Maker (MKR) enticed its enthusiast within the previous few weeks following a more than 45% surge that propelled the alt to $746 from $504. Nevertheless, MKR could only reach a crucial selling momentum area. While writing these lines, … Read more

Should You Invest in Household Building Shares? Understanding the 2022 Market Decline & 2023 Opportunities

The stock market has been a rollercoaster ride in 2022, with household building shares taking a colossal hit. These shares have been the poorest performers in 2022, dropping by over 30%. This number raises the question: is this an opportune time to buy shares in the household building industry, or is it a risk? As … Read more