“RSI trending up” means that the Relative Strength Index (RSI) values are increasing, suggesting strengthening momentum in the price of the stock. This can indicate potential upward movement and may be used by traders to identify buying opportunities.Read More
The S&P 500 and Nasdaq achieved record highs, fueled by Oracle’s surge due to AI demand and encouraging inflation data, bolstering expectations of Federal Reserve interest rate cuts. AI-related chip stocks also rallied, while Apple declined. Investors are now awaiting consumer prices data for further inflation insights.Read More
Gold prices saw a slight increase. This happened after U.S. producer price data came out lower than expected. The data increased anticipation of a Federal Reserve interest rate cut. Investors are now waiting for U.S. Consumer Price Index data. The Federal Reserve is expected to make a decision on interest rates next Wednesday.Read More
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