Asian stocks rebounded, with South Korean stocks leading the gains after experiencing their worst plunge in history. Initial market volatility was triggered by the Middle East conflict, but sentiment subsequently showed signs of recovery. The South Korean KOSPI index rose 8.6%, and Japanese stocks gained 2.7%, pushing the MSCI Asia Pacific index higher for the […]

Asian stocks experienced their biggest plunge in nearly a year, with South Korean stocks posting their biggest drop since the 2008 global financial crisis, as growing concerns about a war with Iran triggered capital outflows from some of the world’s best-performing markets. The MSCI Asia Pacific Index plunged 4.5%, while South Korean stocks fell as […]

Stocks fell and bonds declined further as the Iran-Iraq war entered its fourth day with no signs of abating, amid fears of a prolonged disruption to energy markets and soaring inflation. S&P 500 futures fell 1.6%. Benchmark stock indices in Europe and Asia were on track for their biggest one-day drop since April. Brent crude […]

On Tuesday, Asian stocks faced renewed pressure as the Iran war caused oil prices to surge, triggering inflation concerns and dragging down bond prices, while US stocks erased early losses. The dollar and gold prices rose as investors sought safe-haven assets. Japanese stock index futures fell, and Australian stocks opened lower. Hong Kong futures contracts […]

Based on the 4-hour chart for XAUUSD, the technical picture shows a strong bullish momentum, with the following key observations: Price Action and Moving Averages Gold has recently broken out of a consolidation phase with consecutive large bullish candles, reaching a new recent high around $5,363 per ounce. The short-term (red) and medium-term (blue) moving […]

With the fourth-quarter earnings season nearing its end, only a few companies remain to release their reports, including Broadcom, JD Sports Fashion, and Costco Wholesale. The US economic data schedule is packed, with key releases including the February jobs report, the ISM Purchasing Managers’ Index (PMI) survey, and January retail sales data. The US is […]