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By Stocks4life · Posted
PERI Perion Network stock attempting to move higher off the 11.11 support area, https://stockconsultant.com/?PERI -
By Stocks4life · Posted
LVS Las Vegas Sands stock back to 44.66 triple support area, hold or breakdown? https://stockconsultant.com/?LVS -
By Stocks4life · Posted
EBAY stock nice top of range breakout, from Stocks To Watch, https://stockconsultant.com/?EBAY -
By HFblogNews · Posted
Date: 28th May 2024. Market News – Stocks Mixed, USD Down ahead of crucial inflation data later this week. Economic Indicators & Central Banks: ECB officials continue to flag a June cut, but even ECB chief economist Lane, hardly one of the hawks, stressed that policy settings will likely have to remain restrictive for the rest of the year. ECB’s Schnabel wants to reserve QE for moments of crisis. Villeroy says ECB shouldn’t rule out July cut. Lagarde will have to perform a difficult balancing act next week, to convince markets that all options remain open for the second half of the year. FT reported: Chinese property developers saw their shares rally in recent weeks after Beijing announced a real estate support package, but have subsequently sold off amid concerns the measures will not be enough to help the stricken sector. Japan’s service prices rose 2.8% year-on-year, the fastest increase in over 30 years, indicating a broadening inflation trend. This jump, surpassing economists’ 2.3% forecast, supports the case for the Bank of Japan to raise interest rates. The BOJ sees service prices as crucial for gauging inflation spread. This data may prompt the BOJ to consider an earlier rate hike, with some forecasts suggesting a possible move by July. Asian & European Open: Chinese equities declined with real estate companies dragging down the country’s benchmark index. European & US futures arehigher as the Dollar slipped before a swath of inflation prints that’s expected to influence the direction of global monetary policy. All eyes this week are on fresh inflation data from Australia to Japan, the euro region and the US. The ECB is set to release its April CPI expectations later in the day. Financial Markets Performance: The USDIndex slipped for a 2nd day, retesting 6-month trendline. Currently set at 104.35. Gold prices remained steady as the Dollar eased, with investors eyeing key US inflation data for hints on potential Fed rate cuts. Spot gold held at $2,342 per ounce. Oil prices steadied after 2 days of gains, i.e. at $78.70, despite rising Middle East tensions following the death of an Egyptian soldier in a clash with Israeli troops. Overall, prices have dipped since early April due to weakening demand from Asia, leading Brent’s prompt spread close to a contango structure, signaling increasing supply relative to consumption. Always trade with strict risk management. Your capital is the single most important aspect of your trading business. Please note that times displayed based on local time zone and are from time of writing this report. Click HERE to access the full HFM Economic calendar. Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE! Click HERE to READ more Market news. Andria Pichidi Market Analyst HFMarkets Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission. -
By HFblogNews · Posted
Date: 27th May 2024. The New Zealand Dollar Tops All Currencies, Gold Lags Behind Silver! Silver and Gold increase in value during Monday’s Asian Session. Silver rises more than 2.00%, considerably more than Gold. Will Gold gain momentum during the US trading session? Citi Group advise the price of Gold can potentially rise to $3,000 in the next 12 months. The institution also advises commodity prices are likely to remain high. The New Zealand Dollar is the best performing currency on Monday followed by the Japanese Yen. The Yen loses momentum as the Asian Session comes to an end. Of the NASDAQ’s 20 most influential stocks, only 4 ended Friday’s session in the red. The index ended the session 1.10% high and 0.06% higher in today’s Asian Session. XAUUSD – Gold Lags Behind Silver, But Where Will Buy Signals Materialize? The price of Gold fell significantly for 3 consecutive days and a total of more than 5.00%. However, investors want to determine how the price is likely to develop throughout the week. On the 2-hour chart the price is trading below the 50.00 on the RSI and below the 75-Bar EMA. Both these indicate a downward price movement. However, the price is trading at a previous support level and the RSI has risen above 40.00. So, at which point are investors likely to see buy or sell signals? The strongest signals will be able to be seen if the price witnesses a downward price movement as this will also be in line with the 2-hour chart and not provide conflicting signals. If the price trades below $2,341.30, the price will see an ultra-short-term signal for some bearish price action. If the price trades below $2,338.95, a short-term signal will indicate a slightly larger decline. Bullish signals will be active above $2,345.00 or at the breakout at $2,347.50. According to Citi group, the price of Gold still has the possibility of reaching as high as $3,000, but would require the Federal Reserve to start adjusting their policy. According to Citi Group, five rate hikes over the next 12 months will put Gold priced at $3,000. However, many economists believe the Federal Reserve will only cut on 1-2 occasion in 2024. Fed officials said the share of goods whose prices were growing by 3–5% or higher is now greater than it should be under normal conditions, and the employment sector remains resistant to the measures taken. However, according to Bostic, a transition to reducing borrowing costs is possible but not earlier than October. NZDCHF – High Inflation Continues to Support The New Zealand Dollar The best performing currency of the day is the New Zealand Dollar, while the worst performing is the Swiss Franc. However, due to the larger spread, which is traditional to this pair, investors hold on for larger price movements. On the 2-hour chart the price of the exchange has continuously traded above the 75-Bar EMA since the 13th May and is trading almost 3.50% higher over the past month. The upward price movement is largely due to the high inflation in New Zealand and the central banks reluctancy to indicate a rate adjustment in the near future. In addition to this, the Swiss National Bank also is believed to be one of the most bearish central bank globally. New Zealand’s inflation rate is continuing to decline and is not witnessing a slowdown like the US. However, the inflation rate remains at 4.00% significantly higher than Switzerland’s 1.4% inflation rate. Always trade with strict risk management. Your capital is the single most important aspect of your trading business. Please note that times displayed based on local time zone and are from time of writing this report. Click HERE to access the full HFM Economic calendar. Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE! Click HERE to READ more Market news. Michalis Efthymiou Market Analyst HFMarkets Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
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