The Australian share market kicks off a holiday-shortened week with modest gains, with Discretionary, Information Technology and Materials offsetting Financials. At the closing bell, the benchmark S&P/ASX 200 index climbed +24.3 points, or +0.36%, to… Read More
The Australian dollar remained directionless on Friday, yet still held above the US$0.7700 handle, as the bearish sentiment is expected to emerge into this week, duly to the technical assessment. Viewing the technical standpoint, the… Read More
West Texas Intermediate (WTI), the benchmark for New York-traded crude oil prices continues its slow decline since its retreat from the 11-month highs last week after an unexpected climb in U.S. crude inventories. Crude inventories… Read More
The precious yellow metal was generally positive throughout last week as President Joe Biden is now in the White House and takes the reins of a national effort to vaccinate most Americans. He has pledged… Read More
U.S. stock market closed mixed on Friday, as Wall Street now casts its eye toward a fresh round of the earnings reports. After a big week on Wall Street, the S&P 500 fell slightly on… Read More
Wall Street eased back from record closing-highs on Friday and ended on a mixed tone. After a big week, the Australian share market is expected to start on a positive note, however, could be contained… Read More
After much excitement this week, investors took the comfort of giving a quiet sigh from the departure of former President Donald Trump, while President Joe Biden on Wednesday took the oath of office to become… Read More
Early Friday, the Australian Bureau of Statistics (ABS) released the preliminary reading for the December month Retail Sales data from Australia. According to the (ABS), Retail Sales dropped -4.2%, missing the -1.5% forecast, with the… Read More
West Texas Intermediate (WTI), the benchmark for New York-traded crude oil prices continues its retreat from the 11-month highs hit last week, as investors worry on the new pandemic restrictions in China which may curb… Read More
The precious yellow metal retreated from the 2-week highs on Thursday, with the key resistance remaining intact at $1,878. With President Joe Biden now in the White House, he takes the reins of a national… Read More
Wall Street rose to another record on Thursday as investors bet on big tech companies strong earnings next week. With President Joe Biden now in the White House, he takes the reins of a national… Read More
Australian shares are poised to open lower as Wall Street ends the daily session mixed and barely above the waterline. The major averages struggled for direction on Thursday, as large-cap technology continues to trend higher…. Read More
Thursday’s price action witnessed the ASX bulls reclaim the 6,800 thresholds for the first time since late February, as the inauguration of U.S. President Joe Biden lifted expectations for a return to a stable global… Read More
The Australian Dollar advances further to an intraday high of US$0.7776 on Thursday after displaying a mildly negative reaction to the December jobs report. Australia’s jobless rate ticked lower to 6.6% in December to hit… Read More
West Texas Intermediate (WTI), the benchmark for New York-traded crude oil prices fell on Wednesday, as President Joe Biden was sworn into office, sparking hopes for another stimulus package and smoother vaccine rollout ahead. Former… Read More
The precious yellow metal advances to a two-week high on Wednesday as the US Dollar slipped as hopes of a massive U.S. stimulus package under the new Joe Biden administration. F ormer President Donald Trump… Read More
Former President Donald Trump left office on Wednesday, as President Joe Biden took the oath of office to become the 46th U.S. president and Vice President Kamala Harris was sworn in as the first female… Read More
Australian shares are expected to follow Wall Street’s lead and open firmer on Thursday as all three major U.S. stock indexes rallied to a record close as President Joe Biden was sworn into office, sparking… Read More
Once again, the gains were widespread throughout the share market, as the ASX advanced for the second consecutive session on Wednesday. Investors welcomed comments from Janet Yellen, President-elect Joe Biden’s designated nominee for Treasury Secretary… Read More
The Australian Dollar continues to fluctuate below and above the US$0.7700 threshold, after following its latest bounce off US$0.7671, during the overnight’s session on Tuesday. The rebound followed by a weaker greenback after Janet Yellen,… Read More
West Texas Intermediate (WTI), the benchmark for New York-traded crude oil prices rose on Tuesday, ahead of Joe Biden’s inauguration as U.S. president on optimism that more government stimulus will eventually lift global economic growth…. Read More
Spot gold prices edged higher on Tuesday as the US Dollar weakened after Janet Yellen, President-elect Joe Biden’s designated nominee for Treasury Secretary and a former chair of the Federal Reserve, appeared before the Senate… Read More
Wall Street displayed a positive move to the upside on Tuesday, with all three major U.S. stock indexes reversing from a losing week, as Janet Yellen in her Senate confirmation hearing called for more fiscal… Read More
All three major U.S. stock indexes rose on Tuesday, rebounding from a losing week, as investors digested results from the new U.S. earnings season. With U.S. technology stocks led the gains, as Janet Yellen in… Read More
The Australian share market closed higher on Tuesday and is now within striking distance of its 11-month high posted at 7,197.20, back in mid-February 2020. The gains were widespread throughout the share market, with the… Read More
The Australian Dollar staged a minor rebound after posting some modest losses on Monday, although the brakes were hit near the US$0.7655-60 support level after inking in an intraday low of US$0.7658. In economic data,… Read More
West Texas Intermediate (WTI), the benchmark for New York-traded crude oil prices retreated slightly on Monday as a bid-tone emerged for the US Dollar. Oil prices clawed back some losses after Chinese data showed the… Read More
Technical outlook – Examining the technical structure Cann Group Limited (CAN), we have noticed that there are many positive takeaways from the broader technical pattern (monthly) or more to the point the primary assessment. Based… Read More
Technical Outlook – The weak price action over the past three months is now slowly heading back to the bullish foundations, which was viewed as a rejection in March 2020 from $0.40. It is assessed… Read More
Technical outlook – Technical analysis may appear complicated on the surface, but it boils down to an analysis of supply and demand in the market to determine where the price trend is headed. In this… Read More
Technical outlook – Examining the technical structure Cann Group Limited (CAN), we have noticed that there are many positive takeaways from the technical pattern. Based on the leading indicators, the Moving Average Convergence Divergence (MACD)… Read More
Technical outlook – Technical analysis has many instruments for traders and investors looking for trade inspiration or wanting to reaffirm trade ideas and analysis. The current market pattern has found support from the trendline, which… Read More
Technical outlook – Technical analysis is an excellent tool for traders and investors looking for trade inspiration or wanting to reaffirm trade ideas and analysis. The leading indicators Moving Average Convergence Divergence (MACD) and the… Read More
