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“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.
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Nasdaq has filed with the SEC to pioneer tokenised securities trading in the U.S., aiming to integrate blockchain-based settlement while maintaining traditional investor protections.
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Hong Kong stocks hit four-year highs on Fed rate cut hopes, with the Hang Seng up 0.8%, while mainland markets fell as SMIC slumped 9% after an acquisition deal, dragging tech shares. Gold miners gained on rising prices, and Hong Kong property shares surged.
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Indian government bonds are expected to rally following reassurance from the finance minister that the fiscal deficit target will be met and the borrowing plan will remain unchanged. This positive sentiment, coupled with a drop in U.S. yields and the implementation of CRR cuts, has boosted the debt market.
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A White Marubozu is a bullish candlestick pattern in technical analysis. It forms when the opening price is the lowest for a given period and the closing price is the highest.
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