Evening Star Pattern – What Is It and How to Trade
The Evening star pattern is the opposite of the Morning star candlestick pattern. The Japanese “Evening star” pattern signals that a bullish market cycle nears its end, and an uptrend will…
Yen skids to fresh 38-year low; US dollar tumbles after weak data
By Gertrude Chavez-Dreyfuss and Amanda Cooper NEW YORK/LONDON (Reuters) – The yen sank to a fresh 38-year low against the U.S. dollar and a record trough versus the euro on…
Plug Power Stock Forecast for 2024, 2025-2026, and beyond
Plug Power Inc., a leader in hydrogen fuel cell technology, has been redefining energy consumption since its inception in the 1990s. As a key player in the renewable energy sector,…
Piercing Candlestick Pattern – What Is It and How To Use It
A “Piercing” pattern received its name due to the principle of its construction on the price chart. This Japanese candlestick pattern belongs to reversal patterns and significantly influences an asset’s…
Oil prices steady after large draw from US crude inventories
By Arunima Kumar (Reuters) -Oil prices steadied on Wednesday after trading higher on a bigger than expected drawdown in U.S. crude stockpiles while economic headwinds from China and the euro…
French Government Fiscal Policy Crucial to Market Stability, Warns ECB
The European Central Bank (ECB) has highlighted the importance of the French Government fiscal policy in maintaining market stability. In a recent statement, ECB Vice President Luis de Guindos emphasized…
Gold Market Catalysts: Effect on Prices amid Economic Uncertainty
Gold prices have performed remarkably well this year. Gold market catalysts, especially in the context of central bank buying and global economic uncertainty, have significantly influenced this performance. With the…
Citi: Gold investment demand to rise
Citi analysts have introduced a framework for understanding and forecasting gold prices, which they state aims to rejuvenate investment in this asset by providing a robust, regime-independent model. This framework…
Aussie to Get Fresh Start. Forecast as of 03.07.2024
The Reserve Bank of Australia has been increasing its interest rate too slowly. Inflation remains stubborn and does not slow down. It may be necessary to tighten the monetary policy…
Oil prices steady as lessening hurricane concerns balance bumper drawdown
Investing.com– Oil prices steadied Wednesday, largely handing back early gains but remaining near two-month highs after industry data showed U.S. inventories dropped substantially last week, boosting optimism over demand. At…
