Bullish Patterns Suggest AUD/USD Uptick to 0.6480 Quick Look: AUD/USD currency pair shows recovery as US Dollar Index softens, enhancing bullish momentum Technical analysis highlights bullish patterns and indicators, including a hammer and inverse head and shoulders Upcoming US economic data (manufacturing, services, and GDP) to impact Federal Reserve policies and currency valuations In recent trading sessions, the AUD/USD currency pair has experienced a notable uptick. A retreat in the US Dollar primarily drives this increase. From last week’s peak of $106.20, the Dollar Index (DXY) has so ..read more

Alphabet Dominates with 76% Revenue from Advertising Quick Look: Alphabet’s Q4 ad revenue surged 11%, comprising 76% of total revenue, signalling a market recovery dLocal’s revenue grew 59% YOY; its model efficiently navigates payments in emerging markets Procore’s digital construction management platform drove a 29% revenue increase, enhancing industry efficiency Alphabet, the parent company of Google, is frequently spotlighted for its substantial investments in artificial intelligence (AI), yet many overlook its core business—advertising. In the fourth quarter, advertising revenues accoun ..read more

Gold Prices Fall to $2,305 Amid Easing Geopolitical Tensions Quick Look: Gold prices dropped; spot at $2,305.14 and futures at $2,319.70 due to easing Middle East tensions U.S. dollar strength and high-interest rate expectations further suppress gold demand Despite current declines, market sentiment for gold remains bullish, with strong support levels noted In recent trading sessions, gold prices have witnessed a notable decline, reflecting a shift in investor sentiment driven by geopolitical events. On Tuesday, spot gold prices fell by 0.9% to $2,305.14 an ounce, while metal futures for Ju ..read more

Housing Expenses Rise by Up to 12% After ECB Rate Increases Quick Look: ECB rate hikes since July 2022 raised housing expenses; homeowners +6%, renters +9%, mortgage holders +12% Average monthly housing cost in the Eurozone is €765; renters and mortgage holders pay 40% and 35% of income, respectively Geographic disparity: Ireland is highest at €900+; Austria is most expensive proportionally, dedicating 29-33% of income to housing In recent months, an escalating financial strain has become evident across Europe, especially among low-income groups. Research conducted by the European Central B ..read more

Cardano’s Market Cap Falls 20% in Volatile Month Quick Look: Cardano’s recent 20% loss places it as the 10th largest crypto despite a slight recovery Potential bullish pattern was noted by analyst Milkybull, predicting a possible new all-time high for ADA Price target and corrections anticipated; ADA may face a pullback before reaching higher values In the volatile world of cryptocurrency, few tokens have experienced the dramatic fluctuations seen by Cardano (ADA) in the past month. After losing nearly 20% of its market capitalisation, the token’s value dropped significantly, positioning it ..read more

BlockDAG ICO: The Next Evolution in Blockchain Infrastructure   At a Glance:  BlockDAG introduces a Directed Acyclic Graph (DAG) to enhance transaction speed and capacity, promising to overcome the scalability challenges faced by traditional blockchains like Bitcoin and Ethereum. Features mobile mining that allows users to mine cryptocurrencies directly from their smartphones using user-friendly interfaces and specialized ASIC-based miners. Raised $27 million in its presale with a total supply of 150 billion tokens; 33% allocated for presale, aiming to democratize and incentivize c ..read more

USDCAD and UDSCNH: USDCAD again below 1.3700 level After a week, USDCAD again dropped below the 1.37000 level.  During this morning’s Asian session, USDCNH was in a strong bullish consolidation with 7.25000 levels. USDCAD chart analysis After a week, USDCAD again dropped below the 1.37000 level. Last night, a new low was formed at the 1.36870 level. During the Asian trading session, we managed to stay above that level. Now there is a slight strengthening of the dollar and crossing above 1.37000. It is possible that the dollar will now strengthen in the US session and move to the EMA200 ..read more

EURAUD and EURNZD: Euro under pressure yesterday and today EURAUD has been in retreat since the beginning of this week.  During the Asian trading session, EURNZD retreated to a new weekly low at the 1.79815 level. EURAUD chart analysis EURAUD has been in retreat since the beginning of this week. The decline started from 1.66000, and this morning, in the Asian session, a new weekly low was formed at the 1.64860 level. We stopped there, and a strong impulse at the start of today’s EU session pushed us to the 1.65600 level. For a short while, we hoped that the euro would have the strength ..read more

Nifty index and German 40: German 40 again above 18000.0 At the market’s opening on Friday, the value of the Nifty index fell to 21777.65 level.  The German 40 index is back above the 18000.0 level again.  Nifty chart analysis At the market’s opening on Friday, the value of the Nifty index fell to 21777.65 level. We quickly consolidated there and started a recovery above the 22000.00 level, and the market closed at 22147.00. On Monday, the index makes an immediate bullish gap at the market’s opening and moves above the EMA200 moving average. It receives moving average support and ..read more

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