Is it too late to buy Alibaba stock? The news that shook the stock market One of the most well-known Chinese companies, Alibaba, is about to become six well-known Chinese companies. The e-commerce giant announced that it is going to split into six independent units soon – and its stock celebrated this fact with 14%…
The Instability in the Banking Industry The recent troubles facing crypto-friendly banks The banking industry is facing instability, and in the US, problems became clearly visible when three crypto-friendly banks ran into trouble earlier this month. These entities are the now well-known Silvergate Bank, Silicon Valley Bank, and Signature Bank. Signature has since been taken…
EUR/USD bears driving the market What’s happening with EUR/USD? EUR/USD bears have taken control of the market after a four-day break, causing the major currency pair to drop to 1.0830. This comes after the pair made a U-turn from the weekly high in the previous day’s trading. Currently, the Euro pair is showing signs of…
Gold Price Jostles Within Short-Term Symmetrical Triangle Bulls and bears compete around $1,963 The price of gold (XAU/USD) is currently experiencing mild losses as bulls and bears jostle within a short-term symmetrical triangle. This price action comes ahead of a key inflation release that could potentially impact the market significantly. Market Overview Yesterday, the US…
AUD/USD: The Risk-Barometer Status What is Happening in the Markets? The AUD/USD pair is currently hovering around the 0.6680 mark, experiencing some volatility in today’s trading session. The previous session ended on a downbeat note, with the pair facing losses attributed to a rebound in the US Dollar and disappointing inflation numbers from Australia. The…
Hi Traders! USDJPY short term forecast and technical analysis is here. The way I would like to analyze the chart for setups is based on multi-timeframe confirmations If you would like to learn more about the way we trade and the technical analysis we use then check out the Home Trader Club. Spoiler alert –…
OKX Managing Director of Global Institutional Lennix Lai on Regulation and Licensing The Future Success of Crypto and Web3 Sectors By: [Your Name] OKX Managing Director of Global Institutional Lennix Lai recently emphasized the importance of regulation and licensing in ensuring the future success of the crypto and Web3 sectors. According to Lennix Lai, these…
US Data Improve But Continue to Show Weakness The dollar ended the session sluggishly on Tuesday, despite key data points coming in better than expected, as the figures still pointed at persistent weakness Gold rose 0.90% but remains largely mixed, shy off the 2k handle. Chart: AUSUSD Key Factors for Today: Stronger-than-expected US data fail…
