Tag: S&P 500

February 08, 2023 BY Steffy Bogdanova

Technical Market Outlook and Review: Although the price of gold is higher this week, momentum has been sluggish

XAU/USD (Gold) Although the price of gold is higher this week, momentum has been sluggish, consequently establishing a potential bearish flag pattern on the daily chart between $1,881 and $1,862. Rupturing the lower boundary, the said pattern not only permits chart pattern traders to project the pattern’s profit objective, it also exposes the 50-day simple…

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Market Analysis
February 06, 2023 BY Steffy Bogdanova

Technical Market Outlook and Review: On the back of a buoyant dollar, downside risks for the EUR/USD remain high

XAU/USD (Gold) The price of gold ended European trading considerably off best levels versus the US dollar on Monday after H1 price pencilled in a picture-perfect rejection from Quasimodo support-turned resistance from $1,879. This reaffirms not only the scope for short-term flow to zero in on H1 Quasimodo resistance-turned potential support at $1,857, it also…

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European stock market experiences positive change
February 03, 2023 BY Steffy Bogdanova

Technical Market Outlook and Review Ahead of the NFP

S&P 500 Recent movement on the S&P 500 has largely been one sided since the index journeyed above weekly trendline resistance last week, taken from the high at 4,818. Up 2.7% on the week, the next level of resistance to perhaps throw a spanner in the works is Quasimodo resistance on the weekly scale at…

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forex and crypto market analysis
September 07, 2020 BY Steffy Bogdanova

Daily Market News: Europe up as US takes breather for Bank Holiday

What to watch US markets are closed on Monday for a public holiday. JD Sports Fashion: Tomorrow, London-listed JD Sports Fashion will release its latest quarterly earnings. The firm is ahead of the broader market year-to-date, although its share price is still down 14.6%. Back in April the company scrapped its final dividend and chairman…

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forex and crypto market analysis
September 03, 2020 BY Steffy Bogdanova

Daily Market News: Tesla hits the brakes after mammoth rally

What to watch Broadcom: Semiconductor and infrastructure software firm Broadcom has seen its share price jump 18.7% year-to-date, including a 4% rally on Wednesday, the day before its latest quarterly earnings report. The near $150bn market cap firm has found some of its services and products, which are used to help build and maintain IT…

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