Welcome to today’s Market Blast.
Today, we will take a look at Forex Trading on USDCHF, the USD Index, Silver XAGUSD, Gold XAUUSD, WTI, Brent Crude Oil, the DAX, the NASDAQ, the DJIA, and Apple.
Just a reminder that these videos are only an observation of current market conditions, and these are not to be considered as trading advice.
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Tim Cook is stepping down as Apple CEO.
Investors and analysts will be watching Apple shares at today’s open and over the next few weeks to see if the new man, taking over in September, can carry the amazing momentum of Cook.
The big questions will revolve around the use of AI.
AI is fuelling lots of investment in tech equities as we see the NASDAQ at all-time highs again.
Investors seem to be ignoring the Iran war, and the risk-on move is continuing all over the world.
We spotted some indices last time that have not achieved all-time highs, and we will watch such indices as the Dow Jones Industrial Average and the DAX.
As I am making this video, it seems that Iran war peace talks may or may not continue today, so we may or may not see another fall in the price of WTI and Brent Crude Oil.
Keep an eye on the news as both sides are not in agreement on each other’s terms.
We see gold and silver still climbing, but Gold seems to be consolidating.
In fact, when we move out to the 1-hour chart, we see price action in a trading range with price action at a key level and the stochastic oscillator very oversold and turning back up.
If we look back at the USD Index, we see USD consolidation, but we may see more bearish action after some technical signals.
If so, we will be watching this Falling wedge on USDCHF, which may fall further or reverse.
