When looking back three years ago, a forecast was made for CrowdStrike Holdings, Inc. (CRWD) indicating an important market cycle coming to an end in a specific price range. The anticipation was that after this cycle ended, a significant correction would follow. This correction was expected to mark the conclusion of an impulse for CRWD
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US inflation, as measured by the PCE Price Index, remained steady at 2.5% YoY in July. This stability has had an impact on the strength of the US Dollar, which has been gaining due to the perception of a robust economy despite the subdued inflation rates. The labor market remains a focal point for the
The recent US Personal Consumption Expenditures (PCE) report has sent shockwaves across the market, particularly affecting the price of gold. Following the report, there has been a significant drop in gold prices, with it slipping below $2,500. This fall has further fueled expectations of a rate cut by the Federal Reserve in September. The Fed’s
The EUR/USD pair saw some upward movement, trading near 1.1080 in the early Asian session on Friday. This came after the US Gross Domestic Product (GDP) growth rate exceeded expectations in the second quarter, as reported by the Department of Commerce. The figure of 3.0% annual growth outperformed the forecast of 2.8%, signaling a strong
The NZD/USD pair is showing strength around the 0.6280 level in the early Asian session, marking a 0.57% increase for the day. This upward movement can be attributed to New Zealand’s Business confidence reaching the highest level in a decade, according to the recent ANZ Business Outlook survey. The surge in business confidence has provided
The Indian Rupee (INR) faced downward pressure in the early Asian session, influenced by the weakening of Asian currencies and increased USD demand from importers. This trend is further exacerbated by the anxiously awaited speeches by Fed officials Christopher Waller and Raphael Bostic, which have the potential to provide fresh impetus to the market. Additionally,
As the Indian Rupee weakens in Tuesday’s early Asian session, several global economic events are contributing to this trend. Month-end USD demand and higher crude oil prices are two significant factors that weigh on the INR. Traders are also keeping a close eye on the US August CB’s Consumer Confidence report ahead of key events
The Dow Jones Industrial Average reached an all-time high, while tech giants like Nvidia, Microsoft, Amazon, Meta Platforms, and Tesla took a step back from their recent rallies, causing the S&P 500 to slip 0.3% and the Nasdaq to stumble by 0.9%. This shift in the market dynamics actually signals a broader rotation, with small-cap
The S&P 500 showed signs of recovery after a weak Thursday close, with subtle clues indicating that interest rate sensitive plays were set to outperform largecaps. This insight was shared with clients, hinting at a strong week ahead. The lack of protest from rates and growing confidence in a soft landing contributed to this shift.
When it comes to trading foreign exchange, it is crucial to understand the risks involved. Trading on margin carries a high level of risk, which may not be suitable for all investors. The high degree of leverage can work against you, leading to significant losses. Before diving into foreign exchange trading, it is essential to
The AUD/USD pair recently experienced a drop, moving down to 0.6950 due to a recovery in the USD. This adjustment comes after a strong uptrend that saw the pair gaining around 2% in previous sessions. The narrative of monetary policy divergence between the Federal Reserve (Fed) and the Reserve Bank of Australia (RBA) has been
The recent RBA Minutes have indicated that the current cash rates are likely to stay in place for a longer period. This has led to speculation that the Australian Dollar may continue to advance its gains in the near future. Despite the suggestion that a rate cut is unlikely soon, the market sentiment towards the