Euro Index and Yen: The Yen stopped its bullish run
Euro Index and Yen: The Yen stopped its bullish run At the beginning of this morning’s EU session, the euro index retreated to 1045.2, forming a new weekly low. This week’s high of the yen index was formed at the 736.2 level. Euro
AI Shares Drop: US and Asian Markets at a Decline
AI Shares Drop: Tech Sector Plummets Across US and Asia Markets Investors’ sell-off of technology stocks, particularly in the AI sector, caused sharp declines in Asian and US financial markets. On Wednesday, New York trading saw the S&P 500 drop 2.3%, the
Why an indicator that has foretold almost every recession doesn’t seem to be working anymore
Wall Street’s favorite recession signal started flashing red in 2022 and hasn’t stopped — and thus far has been wrong every step of the way. The yield on the 10-year Treasury note has been lower than most of its shorter-dated counterparts since that
Renewable energy demand could triple as electricity consumption surges
Renewable energy demand will triple over the next seven years as data center growth accelerates to facilitate the proliferation of artificial intelligence, NextEra Energy CEO John Ketchum said Wednesday. NextEra added 3,000 megawatts of renewable and storage projects to its order backlog in
USDCAD and USDCNH: USDCAD rises unstoppably above 1.38
USDCAD and USDCNH: USDCAD rises unstoppably above 1.38000 During this morning’s Asian trading session, USDCAD continued its previous bullish consolidation. Today, we watched USDCNH fall to the 7.20285 level, where a new weekly low was formed. USDCAD chart analysis During this morning’s Asian trading
Election News: Obama’s Support of Kamala Harris
Election News: Trump and Biden Campaign Vice President Kamala Harris has solidified her position as the prospective future of the Democratic Party since being embraced by Biden on Sunday. Additionally, she had already secured enough votes from the major party to
Nifty and German 40: Nifty is still on the defensive
Nifty and German 40: Nifty is still on the defensive This morning, we observed a new bearish gap in the Nifty index, down to the 24200.00 support level. Since Tuesday, the German 40 index has been in retreat. Nifty chart analysis This morning, we
Biden likely to keep same routine, accomplish ‘nothing’ in waning months of presidency: insiders
President Biden’s tenure in the White House expires in January, and political insiders from both sides of the aisle believe the remaining six months of his lame-duck presidency will consist largely of the same routine and ‘absolutely nothing.’ Biden suspended his
EURGBP and EURCHF: EURCHF is sinking deeper and deeper
EURGBP and EURCHF: EURCHF is sinking deeper and deeper During this morning’s Asian trading session, EURGBP initiated a strong bullish consolidation from the 0.83970 level. During this morning’s Asian trading session, EURCHF continued yesterday’s bearish trend, dropping to a new weekly low
Why almost everyone assumes Kamala Harris has to pick a White man as VP
As soon as it became clear that Vice President Harris was going to emerge as the likely Democratic presidential nominee, a certain knowing joke emerged almost simultaneously on social media: images of various “whites” — white wines, white paint chips,