Tech stocks have led the post-COVID-19 pandemic bull run, which received a hyper-boost with the release of ChatGPT in 2022, resulting in an AI-led tech rally. Tech stocks promise investors a piece of future growth, but they must accept high valuations and higher risk. Some analysts compare the recent AI-powered rally to the period preceding…
Despite the slight hawkish tilt from the Federal Reserve, stronger than expected US economic data and the 0.25% rate cut were enough to push major US stock market indices firmly higher to new all-time highs, followed by the precious metals Gold and Silver.
The EUR/USD finished this week of trading near the 1.17500 level, but certainly there is much more to the value of the currency pair that needs to be examined as this week gets ready to begin.
WTI Crude went into the weekend around 62.100 USD, this after producing momentum upwards on Tuesday and going above 64.400 but then reversing slightly lower, followed by dynamic selling Thursday and Friday.
Catch up on the latest weekly trends in forex, crypto, and indices. Key levels to watch and what could move markets next.
This week, the US Dollar (USD) struggled to stabilise, leading the US Dollar Index (DXY) to drop to new three-year lows near 96.20.