Trading Opportunities

Divergence found on EUR/CAD pair

From the weekly timeframe, EUR/CAD is primarily on a downtrend. We also see a classic divergence in the Money Flow Index (MFI). The Money Flow Index (MFI) is a technical indicator that measures how money flows into and out of...

Why is Anil Ambani’s Reliance Power up 40%?

Shares of Reliance Power (NSE: RPOWER) have been volatile after the Indian electric company secured a long-term debt agreement for up to 12 billion rupees ($150.4 million) from private equity firm Varde Partners, a US based investment firm focused on...
nvidia

Nvidia draws attention to Pelosi’s stock picks 

Stock investments by US House Speaker Nancy Pelosi and her husband, venture capitalist Paul Pelosi, are again in the spotlight after shares of Nvidia (NASDAQ: NVDA) declined again after the pair reduced their interest in the semiconductor company. Pelosi is...

Will the AUD turn on Tuesday’s rate hike?

The Reserve Bank of Australia (RBA) will release its interest rate decision on Tuesday September 6. Forecasts are for another half-percent increase in the cash rate. If forecasts hold up, Tuesday’s rate hike will be the fourth consecutive 50-basis-points increase...

DXY monthly forecast ahead of NFP

The Non Farm Payroll data for August is released on September 2, 2022, and is perhaps more eagerly anticipated than normal. The reasons for this are detailed in Monday's market review Pound and gold head lower before NFP data. The...
gbp

UK electing new leader; how will this affect the GBP?

As the UK will announce a new Prime Minister on September 5th, we might expect heightened volatility in the GBP in the days before and after the election result. Moreover, the new policymaker has the potential to change the long-term...
twtr

How will TWTR’s price react to court saga?

Twitter Inc. (NYSE: TWTR) is on track to closing August on the red as billionaire Elon Musk finds new reasons to back out of his $44 billion deal to take over the social media company. The company closed Aug. 30...
nfp

Pound and gold head lower before NFP data

July’s NFP report, which will be released this Friday, September 2, is forecast to deliver 300K jobs. Will the NFP beat forecasts once more? And if it does, how will investors and traders react, now that they must fold this...
aramco

Aramco eyes diversification after record Q2 income

Is Saudi Aramco (TADAWUL: 2222) looking to diversify its income sources after soaring oil prices helped it deliver record-high earnings in the second quarter. Saudi Aramco saw its net income attributable to shareholders' equity nearly double during the three-month period...
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