Author: kumbhorg

Created on January 23, 2025  | Updated on January 23, 2025 The bullish environment continues for global equities, led higher by the US stock market, especially AI technology, which saw the S&P 500 Index trade at a new all-time high late yesterday.Stock markets are generally bullish globally, with the USA’s market performing well, led higher by the election of President Trump who traditionally makes boosting the stock market one of his top policies. The S&P 500 Index reached a new record high at 6,100 yesterday but fell back a bit at the end of the session and failed to make a…

Daily Pivots: (S1) 1.2291; (P) 1.2333; (R1) 1.2359; More… Intraday bias in GBP/USD remains neutral as consolidation pattern from 1.2099 is still extending. Further decline is expected with 1.2486 support turned resistance intact. On the downside, break of 1.2099 will resume the fall from 1.3433 to 100% projection of 1.3433 to 1.2486 from 1.2810 at 1.1863. In the bigger picture, rise from 1.0351 (2022 low) should have already completed at 1.3433, and the trend has reversed. Further fall is now expected as long as 1.2810 resistance holds. Deeper decline should be seen to 61.8% retracement of 1.0351 to 1.3433 at…

Daily Pivots: (S1) 155.68; (P) 156.20; (R1) 157.04; More… Intraday bias in USD/JPY stays neutral for the moment, and some more sideway trading might be seen. On the downside, sustained trading below 55 D EMA (now at 154.73) will extend the correction from 158.86 to 38.2% retracement of 139.57 to 158.86 at 151.49 next. However, firm break of 158.86 will resume the whole rally from 139.67 to retest 161.94 high. In the bigger picture, price actions from 161.94 are seen as a corrective pattern to rise from 102.58 (2021 low). The range of medium term consolidation should be set between…

Daily Pivots: (S1) 1.0368; (P) 1.0401; (R1) 1.0461; More… Intraday bias in EUR/USD remains neutral for the moment. On the upside, firm break of 1.0435 resistance will extend the rebound from 1.0176 to 38.2% retracement of 1.1213 to 1.0176 at 1.0572. Rejection by 1.0435 will keep the correction from 1.0176 relatively short. Firm break of 1.0176 will resume whole fall from 1.1213. In the bigger picture, fall from 1.1274 (2023 high) should either be the second leg of the corrective pattern from 0.9534 (2022 low), or another down leg of the long term down trend. In both cases, sustained break…

Investors appeared to be biting their nails ahead of U.S. President Trump’s speech in the World Economic Forum, which delivered on major announcements and big market moves. The S&P 500 index surged to a fresh record high while WTI crude oil tumbled sharply to close nearly 2% in the red. Here are the latest headlines and how financial assets performed: Headlines: New Zealand visitor arrivals recovered 1.0% month-on-month in November after staying flat in the previous month Japan’s trade deficit narrowed from 0.39T JPY to 0.03T JPY (-0.51T JPY forecast) as exports hit record high U.K. CBI industrial order expectations…

New York CNN Business  —  Honda and General Motors are teaming up to create a new generation of fully autonomous vehicles. Honda will invest $2 billion over 12 years into GM’s autonomous vehicle subsidiary, Cruise. GM and Cruise have been building and developing self-driving versions of GM’s Chevrolet Bolt EV electric car with plans to deploy a fleet of them for public use next year. With Honda’s engineering and financial assistance, Cruise will begin developing a new vehicle that is not based on any existing car, the companies said. It will represent the next step in autonomous driving, one in…

Liquid restaking protocol Puffer Finance has unveiled CARROT, a rewards token users can earn by staking, providing liquidity and voting on governance proposals.

Today, U.S. President Donald Trump signed an executive order (EO) related to Bitcoin and cryptocurrency, titled “Strengthening American Leadership In Digital Financial Technology”. This EO officially banned the creation and issuance of a central bank digital currency (CBDC) in the United States, defining a CBDC as “a form of digital money or monetary value, denominated in the national unit of account, that is a direct liability of the central bank.”“Except to the extent required by law, agencies are hereby prohibited from undertaking any action to establish, issue, or promote CBDCs within the jurisdiction of the United States or abroad,” the…

Lizo MzimbaEntertainment CorrespondentLol Crawley/Universal PicturesAdrien Brody plays Hungarian immigrant and holocaust survivor László TothThe Brutalist tells the story of Hungarian immigrant and holocaust survivor László Tóth, who is trying to rebuild his life in post-war America through his work as an architect.Oscar winner Adrien Brody delved deep into his own family history for his portrayal of the character, reflecting on his mother and grandparents’ experiences in fleeing their native Hungary, which after World War Two was becoming a satellite state of the Soviet Union.”The wonderful thing is, it’s an opportunity for me to honour my ancestral struggles – my mother…

By Terry Ashton, updated January 22, 2025Xlence, un courtier en ligne international, offre des conditions de trading exceptionnelles et des conseils professionnels. Offrant l’accès à une gamme variée d’instruments financiers, y compris le forex, les métaux, les contrats à terme, les matières premières, les actions et les indices, Xlence se distingue par sa gamme complète de produits et sa flexibilité en matière de trading. Cet avis sur Xlence explore les 5 principaux outils qui font de Xlence un choix privilégié pour les traders.Avec des spreads serrés, des prix compétitifs, des options d’effet de levier flexibles, des plateformes avancées et une assistance à…