When examining the monthly scale of EUR/USD, it becomes apparent that there is potential for a significant breakout. This is evidenced by the higher highs and higher lows that have been forming. In January 2023, the price reached a peak at $1.2448, followed by a higher low of $1.1803 in March 2023. Subsequently, another higher
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During Monday’s trading session, the GBPJPY pair continued its upward movement, hitting a peak of approximately 202.50, the highest level seen since 2007. Despite initial efforts by sellers to drive the pair down to 106.14, buyers managed to take control and push the pair to new cycle highs. The Daily Relative Strength Index (RSI) at
Fitch Ratings agency has revised its expectations regarding China’s policy rate, no longer anticipating a cut for this year. The initial forecast for one cut in 2024 has now been pushed back to the following year. This adjustment is influenced by the U.S. Federal Reserve’s decision to maintain high interest rates, impacting the exchange rate
In a market where concentration risk is a concern for investors, exploring value-oriented investments could be a wise decision. According to Phil McInnis, the chief investment strategist at Avantis Investors, taking a more diversified approach can provide better long-term returns compared to simply relying on index funds like the S&P 500. By focusing on companies
Nio, the Chinese electric car company, is gearing up for an expansion into the Middle East market as part of its strategic plan for growth and global presence. CEO William Li announced the move during an earnings call, revealing the company’s ambitious plans to introduce its products and services in the United Arab Emirates by
Dutch digital bank, Bunq, is eagerly anticipating the acquisition of a banking license from U.K. financial regulators by the end of this year or the beginning of next year. CEO and founder, Ali Niknam, expressed his hopes during an interview at the Viva Tech conference in Paris. Niknam acknowledged the potential challenges that may arise
In our recent assessment of the NASDAQ 100 (NDX), QQQ ETF, SP500 (SPX), SPY, Apple (AAPL), Tesla (TSLA), Amazon (AMZN), Nvidia (NVDA), Microsoft (MSFT), Meta Platforms (META), Netflix (NFLX), and Alphabet (GOOGL), we have identified a potential Elliot Wave pattern. Our analysis suggests that we are currently witnessing the development of Wave iii of (i)
Nvidia, a leading provider of artificial intelligence chips, experienced a significant surge in its shares, with prices increasing by over 10% in a single day. This surge came following the company’s announcement that its data center revenue had grown by an astounding 427% in the previous quarter. These impressive results surpassed Wall Street estimates, with
Upon analyzing the Elliott Wave charts of Ethereum ETHUSD, it is evident that the cryptocurrency is showing incomplete sequences in the cycle from its March peak. This signifies that there is more weakness expected in the short term for Ethereum. The projected target area for Ethereum is between 2700.3-2057.9, where potential buyers may step in.
In a bold move towards technological advancement, Swedish financial technology company Klarna has reported that a significant majority of its workforce is now utilizing generative artificial intelligence tools as part of their daily tasks. With over 87% of its employees engaging with AI tools such as OpenAI’s ChatGPT and the company’s own internal AI assistant,
The recent departure of Adam Dodds, the CEO of U.K. stock trading service Freetrade, has sparked a wave of changes within the company. As Dodds steps down and hands over the reins to Viktor Nebehaj, it signifies a new chapter for Freetrade. This transition comes at a crucial point in the company’s growth trajectory, as
Singapore’s second-largest bank, Oversea-Chinese Banking Corp (OCBC), recently reported a 5% increase in first-quarter profit, surpassing market expectations. The bank also announced a S$1.4 billion offer to privatize its insurance arm, Great Eastern. This move highlights OCBC’s strategic focus on enhancing its business portfolio and maximizing shareholder value. Additionally, OCBC forecasted a robust net interest