Financial Markets Week-on-week, the main stock market indices were negative, with the S&P500 losing 0.8% and the NASDAQ 100 down by 2.5%. The RUSSEL 2000 was up by 3.4%. The beginning of the week was negative, but on Thursday and Friday, many stocks started recovering. The price of Gold is only slightly lower (-0.5%) and is around 2380$ per ounce. The next support is at around 2300$, but if gold breaks this level, it could fall until approximately 2150$. Silver dropped 4.4% for the week but is still holding above the 28$ level, which should be short term support for the metal. The barrel of WTI fell 2.8% and sits around 76$ per barrel. It is close to the 75$ support level. WTI has been trading on a range that is narrowing. Thus, during August we might see a bigger move either to the upside (above 82) or to the downside (below 75). Bitcoin fell 1.3% and is around 67300$. Bitcoin seems to be on a downward trend with the next supports around 60000 and 53000$. The relativ...

  Financial Markets Week-on-week, the main stock market indices were negative, with the S&P500 losing nearly 2% and the NASDAQ 100 down by 4%. The RUSSEL 2000 was up by almost 2%, but showed a topping tail due to some selloff during the latter part of the week. The price of Gold is only slightly lower (-0.4%) and is still around 2400$ per ounce. The next support is at around 2300$, but if gold breaks this level, it could fall until approximately 2150$. Silver dropped a significant 5.1% for the week but is still holding above the 28$ level, which should be short term support for the metal. The barrel of WTI fell 4.3% and is at a support level, around 78$ per barrel. It looks like WTI could continue in the range of 75 to 85$ over the next weeks. Bitcoin recovered 9.4% and is around 66500$. Bitcoin seems to be on a downward trend with the next supports around 60000 and 53000$. However, this price formation could also signal a bull flag consolidation before the next price mo...

Financial Markets Week-on-week, the main stock market indices were positive, with the S&P500 gaining 0.86%, the NASDAQ 100 nearly unchanged (minus 0.3%), while the RUSSEL 2000 was up by 6.3%, hitting an important resistance level. Gold's price is only slightly higher (+0.8%) and is still around ~2400$/oz. If gold breaks below the 2300$ level, it could fall until ~2150$/oz. Silver dropped 1.4% for the week but is still holding the 30$ level. Silver has some support around 28$ and resistance at 34-35$. The barrel of WTI was little changed and is staying at ~82$ per barrel. It looks like WTI could continue in the range of 75-85 USD/bbl over the next weeks. Bitcoin recovered 5.2% and is around 58700$. Bitcoin seems to be on a downward trend with the next support around 52000$. The relative strength of the US dollar (DXY) is slightly down (-0.8%), and has been stable in the range 104-106 since April 2024. Financial conditions (NFCI) have loosened by ~0.8% relative to the pr...

Financial Markets (Weekly) Week-on-week, the main stock market indices were positive, with the S&P500 gaining 1.9%, the NASDAQ 100 up 3.6%, while the RUSSEL 2000 was down by 1.4%, giving back the previous week's gains. Gold's price also jumped higher (+2.8%) and is now around ~2400$/oz. If gold breaks below the 2300$ level, it could fall until ~2150$/oz. Silver got pumped +7.1% and might contradict the downward trend of the past 6 weeks. Silver has some support around 28$ and resistance at 34-35$. The barrel of WTI rised to ~83$ per barrel. It looks like WTI could continue in the range of 75-85 USD/bbl over the next weeks. Bitcoin fell a whooping 9.3% and is around 56800$. The next support is around 52k$. The relative strength of the US dollar (DXY) is slightly down (-0.9%), and has been stable in the range 104-106 since April 2024. Financial conditions (NFCI) have tightened by ~2% relative to the previous week. This tightening is visible in the price of bitcoin (and ...