About: anakin

Recent Posts by anakin

Stocks Dip Amid Overvaluation Concerns and Currency Markets React to Rate Cut Speculation

Following a five-week winning streak, stock markets experienced a decline, prompting investor worries about potential overvaluation. Major indices, including the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite, dropped due to selling pressure on Big Tech stocks. However, Bitcoin hit a 19-month high while gold reached unprecedented levels, benefiting companies like Marathon Digital, RiotContinue Reading

Written on December 5, 2023 at 1:40 am
Categories: Today's Analysis

Week Ahead: Markets to Focus on US Jobs Report and Rate Statements from RBA and BOC

Various events are set to impact the markets this week, most notably the rate decisions of major central banks including the Reserve Bank of Australia and the Bank of Canada. Traders are advised to exercise caution and stay informed about the latest developments to ensure a successful week of trading. Here are the upcoming marketContinue Reading

Written on December 4, 2023 at 2:57 am
Categories: Week Ahead

Dow Hits Yearly High, Tech Surges, and Dollar Rebounds – Impact on Federal Reserve’s Policy Shift

November witnessed robust stock market rallies with the Dow Jones surging to a new yearly high, marking an 8.9% gain while the S&P 500 and Nasdaq also experienced significant growth. Cooling inflation figures hinted at a potential shift in the Federal Reserve’s policy, driving investor optimism. Tech stocks like Nvidia, Tesla, Alphabet, and Meta dominatedContinue Reading

Written on December 1, 2023 at 2:54 am
Categories: Today's Analysis

U.S. Futures Signal Positive Closure, Salesforce and Snowflake Surge, Fed Rate Cut Speculations Dominate Forex Trends

As November draws to a close, U.S. stock futures indicate a favorable end to the month for major indexes, propelled by surges in Salesforce and Snowflake following stellar earnings. Despite marginal movements in the Dow and S&P 500, both remain near their year-to-date highs, while the Nasdaq holds close to its 2023 peak. November promisesContinue Reading

Written on November 30, 2023 at 2:35 am
Categories: Today's Analysis

Fed’s Dovish Shift Boosts Stock Market: Dow, S&P 500, Nasdaq Hit New Highs | Currency Market Reacts to Rate Cut Speculations

Amidst optimistic Federal Reserve comments signaling a possible pause in interest rate hikes, the stock market continued its climb, with the Dow Jones, S&P 500, and Nasdaq closing at record highs. Notable contributors included Boeing, Nike, and Walmart, while Newmont Corporation and Synchrony Financial surged in the S&P 500. Concurrently, currency markets responded to aContinue Reading

Written on November 29, 2023 at 2:16 am
Categories: Today's Analysis