FinanceWorld Markets Review: 15th April 2024 – US Dollar, Pound, S&P 500, Bitcoin
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The Future of US Dollar The Daily Sentiment Index (DSI) indicates whether an asset is overbought or oversold. Gold and silver are considered insurance against government abuse of the monetary system, and they can sit at 90s DSI for quite a while as the price stagnates or moves a bit higher. Silver is still undervalued,
FinanceWorld Markets Review: 09th March 2024 – Bitcoin Prediction, This Stocks Will Grow, EUR/USD Forecast
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Bitcoin is preparing for a next leg above $69K, while Ethereum is aiming for $4K as key trading levels are set Bitcoin and Ethereum are both facing significant resistance and potential profit-taking due to overbought conditions. Bitcoin started the week with positive momentum but faced selling pressure after attempting to break $69,000, dropping to $59,000
FinanceWorld Markets Review: 23th February 2024 – Nvidia, Bitcoin, US dollar
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Nvidia has significantly increased its stock market value by $277 billion. Nvidia, a California-based AI chip designer, has added $277 billion to its market capitalization, marking the biggest one-day jump in history. The company’s shares surged by 16.4%, reaching a new record high of $785.38, bringing its market value to just under $2 trillion. This
FinanceWorld Markets Review: 15th February 2024 – SPX500, Bitcoin, USD/JPY
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The S&P 500’s key support cushions have fallen following a hot CPI, potentially leading the index back to 5000 The S&P 500 fell by around 1.4% following the CPI report, which came in at 3.1% y/y versus median analysts’ estimates of 2.9%. The core CPI came in at 3.9%, higher than estimates for 3.7% and