The decade of India?
India inks ‘watershed’ $100 billion free trade deal with four non-EU nations. India will lift most tariffs on several sectors with Switzerland, Iceland, Norway and Liechtenstein in a free trade agreement. New Delhi expects the agreement to generate $100 billion worth of investment over 15 years and 1 billion jobs in the world’s fifth-largest economy. https://lnkd.in/eTG7n-ZW Source: CNBC
Bitcoin rallied 346% from its low in November 2022 to hit a new all-time high last week, its first new high in 846 days. $BTC
Source: Charlie Bilello
Nvidia engulfing pattern
Nvidia (NVDA US) posted an Engulfing candelstick ! This candelstick is usually very negative, espacially when it's a big one like this (10% range). The trend remains bullish but after such a rallye and most indicators strentched to the maximum, there is a strong probability for a pullback or at least a sideways consolidation that could last quit a while. Keep also in mind that last swing low is at 662 representing the strong support.
Nikkei 225 Index broke swing support
Nikkei 225 Index (NKY) closed below swing support 38'876. This is the first sign of a trend change. Keep an eye over the next few days at this level. Source : Bloomberg
Chainlink always bullish trend
Chainlink (XLIUSD) always in a bullish trend. Last week consolidation hit a low at 16.84 intraday and a very strong candel reversal with a close above the strong support 17.60. This is good news for the trend. Today up 15%, trying to break all time high 21.709. Keep an eye at that level. Source : Bloomberg
Bitcoin Tops $70,000 For the First Time in History
source : stockmktnews
A "Goldilocks" us job report -> risk assets
Gold and digital gold rally after a soft US Jobs report. February Non-Farm-Payrolls beat estimates with 275k new jobs BUT 2 months revisions look notable with -167k. Unemployment rate rose to 3.9% from 3.7% and hourly earnings weaker than expected w/+0.1% MoM. January’s blow-out release has been relativized. Source: HolgerZ, Bloomberg
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Energy dependence and independence summarized in one chart
Source: JPMAM
