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
Upon analyzing the long-term BTC/USD chart, it is evident that Bitcoin’s price is facing a crucial juncture. The chart reveals two distinct channels that Bitcoin has been oscillating within. These channels include a bullish channel that originated in 2023 amidst Bitcoin ETF approval rumors and a bearish channel that emerged in March 2024 after the
Recent projections indicate that New Zealand house prices are expected to rebound in the coming year, with a forecasted 6% increase. This turnaround is attributed to the interest rate cuts implemented by the Reserve Bank of New Zealand, aimed at stimulating the housing market. Despite a previous surge in prices during the COVID-19 pandemic, the
The release of Black Myth: Wukong marked China’s entry into the world of AAA video games, sending shockwaves through the industry. Within just three days of its launch on Aug. 20, the action game set in mythological China sold over 10 million units, shattering records and demonstrating the country’s potential in the global gaming market.
Japanese corporate spending on plant and equipment has risen significantly by 7.4% year-on-year in the second quarter, as reported by the Ministry of Finance. This data is a positive sign for the economy, indicating a potential domestic-led recovery in economic growth. With the upcoming release of revised gross domestic product (GDP) figures, the solid expenditure
China plays a significant role in the Australian economy, accounting for one-third of Australian exports. With over 50% of Australia’s GDP linked to trade, any changes in China’s manufacturing sector could have a direct impact on the Australian economy and the Aussie dollar. A rise in exports to China could potentially boost the Australian economy
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 discussion surrounding the relationship between the political party affiliations of U.S. presidents and economic growth has been a subject of considerable analysis. While some studies have indicated a correlation between the party in power and economic performance, it is essential to recognize that correlation does not equate to causation. Factors such as global economic
Gold has been attempting to break through the glass ceiling at $2525 an ounce on the spot market for the past two weeks. The consistent battle between pullbacks and rallies near this resistance level indicates strong buying pressure. If this trend continues, we can anticipate a breakout to historical highs in the near future. A
The latest data on EUR/USD reveals an intriguing economic landscape within the Euro Zone. While overall inflation has seen a decline, services have emerged as a key player with an annual rate of 4.2% in August, surpassing the previous month’s 4.0%. This rise in services costs has led to speculation about a potential “Olympic effect”
Brazilians are set to experience an increase in their electricity bills for the month of September. This decision was made by the local power regulator Aneel in response to a decline in reservoir levels at hydroelectric plants. Despite the country’s efforts to incorporate wind and solar power into its energy mix, over half of Brazil’s
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