Tesla (NYSE:TSLA) is moving higher and Goldman Sachs was touting call options ahead of the October events. TSLA – Daily Chart The price of TSLA shares is now $260.50 after retaking the downtrend resistance line. The target on the upside would be $300 with some resistance just ahead around the $270 level. Goldman Sachs recently…
EURUSD will likely be the most volatile currency pair into the weekend with economic data from Germany and the US. EURUSD – Weekly Chart The price of the EURUSD exchange rate is hovering above the resistance at 1.1150. The next target to the upside would be at 1.1277. Investors could wait for confirmation on a…
Alibaba (NYSE:BABA) shares rose with the broader market and the company has announced new AI initiatives. BABA – Weekly Chart BABA shares have broken above the $90.51 level on the ADR and the next target for the stock is at $102.62. A strong close above that level can open up the $110-120 levels. Alibaba Group’s…
Bank of America (NYSE:BAC) could come under further pressure after Warren Buffett dumped more of the company’s stock. BAC – Weekly Chart BAC shares are weaker on a weekly basis and a bearish close could target the support at $38.57, with further support at $35. Warren Buffett’s Berkshire Hathaway conglomerate has been steadily reducing its…
Chinese stocks surged more than 7% after the government unveiled new stimulus measures. CH 50 – Daily Chart The price of the China 50 index surged to 12,316 on Tuesday, taking out four levels of resistance that were previously identified. The current level is the obstacle to further gains, with the May highs near 13,000 now in sight….
Chipmaker Micron (NYSE: MU) is set to release its latest earnings on Wednesday. MU – Daily Chart The price of MU is trading close to the 2022 high of around $97.62. That will be the key price with the earnings release after the stock slumps in recent months. Micron Technology has many analysts who are pessimistic about…
The AUDUSD exchange rate will be in focus on Tuesday with the latest interest rate decision from the Reserve Bank of Australia. AUDUSD – Daily Chart The AUDUSD exchange rate trades above recent resistance at the 0.6798 level and is eyeing the larger obstacle at the pre-2024 high of 0.6870. The Reserve Bank of Australia releases its…
Bitcoin is back above the $60,000 level as stock market strength boosts the world’s largest digital currency. BTCUSD – Daily Chart The price of BTC trades at $63,473 and has resistance just above $65,000. The larger target to the upside would be just ahead of the $70,000 level. Digital asset investment products saw a second straight week of…
ATFX, a leading global online trading platform, has announced completion of relocation of all MT Trading servers to Equinix Data Center in Hong Kong and OneZero Equinix Data Center in London, further enhancing its global trading infrastructure. This initiative aims to optimize services across China, Southeast Asia, Australia, MENA and LATAM ensuring that clients experience…
Summary Gold prices have surged to new highs following the Federal Reserve’s 50 basis point rate cut, fueled by geopolitical tensions and central bank buying, despite concerns of an impending recession. The price of gold has surged after the Federal Reserve slashed its interest rate by 50 basis points. XAUUSD – Weekly Chart The price of gold…
