Monthly Archives: July 2024
41654156156Profit-making opportunities: Recognising Cup and Handle Pattern
Written on July 3, 2024 at 11:25 pm, by seoagencyteam
In the complex world of trading, patterns hold significant meaning as their formation represents the sentiments of the traders. Understanding and recognising these stock chart patterns can be the difference between a bullish or a bearish trade. One such pattern is the cup-and-handle pattern (C&H), which has helped investors recognise profit-making opportunities for decades. WilliamContinue Reading
Powell’s Dovish Tone Hammers Dollar
Written on July 3, 2024 at 5:58 am, by 王建军
Market Summary Federal Reserve Chair Jerome Powell indicated that recent U.S. economic data suggest inflation is returning to a downward trajectory. However, he emphasised the need for more evidence before the Fed considers shifting its current monetary policy. Consequently, the dollar eased from its recent highs, while U.S. equity markets, buoyed by the dovish tone,Continue Reading
Oil Price Gains On US Inventory Drawdown
Written on July 3, 2024 at 2:37 am, by 王建军
Fundamental Analysis * Supply Squeeze: Oil prices climbed in Asian trading on Wednesday, remaining close to two-month highs. This rise followed industry data indicating a significant drawdown in U.S. inventories over the past week, which bolstered demand optimism. According to the American Petroleum Institute, U.S. inventories decreased by nearly 9.2 million barrels in the weekContinue Reading
