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Global Market Weekly Recap: May 8 – 12, 2023
Despite volatility was a bit muted, it was another topsy-turvy week for the financial markets as traders juggled debt ceiling issues, earnings results, and shifting central bank biases.
Equities and commodities were off to a bullish…
GETR jumps over 70% following HyreCar deal
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Getaround has agreed to buy HyreCar for $9.45 million.
Getaround stock soared 70% at Friday’s open.…
Gold Prices Veer Off Bullish Path as US Dollar Firms but Outlook Still Upbeat
GOLD PRICES OUTLOOK:Gold prices retreat modestly heading into the weekend, undermined by U.S. dollar strength and rising U.S. yieldsDespite the precious metal’s subdued performance this week, the medium-term outlook remains…
Pound Sterling bleeds lower, after release of Michigan Sentiment Index, breaks below 1.2500
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Pound Sterling vs US Dollar falls by over 100 pips on “Super Thursday”.
BoE Governor Bailey…
Copper Prices Drop on Weaker Chinese Data, Demand Concerns
Copper News and AnalysisSoft Chinese data and reduced copper demand brings recovery into questionTechnical levels to consider when analysing the potential for a bearish continuation for copperThe analysis in this article makes use of…
Rising bets for a move to 1.0830
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EUR/USD accelerates the decline and drops to 1.0890.
The following contention area appears around…
Bullish Move Stalls at Channel Resistance
US Dollar (DXY) AnalysisUS dollar basket turns at significant long-term level after yesterday’s surgeDXY tests channel resistance as we head into the weekend with the debt ceiling issue still unresolvedThe analysis in this article makes…
TSLA shares rise as Elon Musk raises prices, hires Twitter CEO
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Tesla hikes prices across US models.
CEO Elon Musk says he has hired a CEO for Twitter.
The new…
WTI and Brent Crude Recovery on Hold after US CPI
Oil (WTI, Brent Crude) Technical Analysis
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WTI Finds Resistance – Potentially Halting 4-Day RecoveryWTI prices have partially recovered from the panic…
Will support hold or break?
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Dax 40 June breaks out of the diamond top pattern.
Dax 40 breaks to the downside for a sell signal.…