Technical Analysis
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Trade of The Day – GBP/JPY
Facts: The bounced off the lower limit of 1:1 structure at 217.52 Main trend on the pair remains upward Recommendation:…
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Technical analysis – Is Rheinmetall testing the upper boundary of its descending channel?
Shares of Germany’s largest defense contractor, Rheinmetall, are up nearly 3% today amid a broad-based global rally in defense stocks.…
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Lockheed Martin and RTX raise guidance. Defense stocks move higher
Key takeaways The largest U.S. defense contractors surprised investors with strong quarterly earnings. Lockheed Martin and RTX shares are up…
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Wheat climbs to the highest level since May 2024. Black Sea export risks fuel rally
CBOT wheat futures have climbed above 700 cents per bushel for the first time in months as investors increasingly price…
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Alphabet and Tesla Weigh on Wall Street, While Oil Prices Renew Investor Concerns
Wall Street remains under pressure today, with the major indices trading on the weaker side of the market. Investors are…
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UK CPI set to show receding inflation in June as GBP/USD fails at May highs
The UK’s ONR Office publishes the June CPI data on Wednesday. The UK headline CPI is expected to ease toward…
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EUR/JPY Price Tests ascending triangle top above 186.00
EUR/JPY is testing the ascending triangle’s upper boundary near 186.20. The 14-day Relative Strength Index at 57.48 suggests constructive but…
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Gold rallies to over two-week high, eyes $4,150 as traders track US-Iran diplomacy efforts
Gold attracts strong follow-through buying amid hopes for US-Iran diplomacy. Rallying oil prices fuel inflation concerns and bolster bets for…
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TSMC Raises AI Chip Prices. Is the Bill for the Artificial Intelligence Boom Starting to Grow?
The news that TSMC plans to increase prices for the production of its most advanced chips by as much as…
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Samsung Enters the Era of “Physical AI” and Robotics; Shares Rise 3%
Samsung Electronics (SMSN.UK) has officially announced the establishment of a new strategic unit— Robotics eXperience (RX) . This move is…
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