The US labour market continues to cool, but red-hot Nvidia first hit a record high then recorded a 10% intra-day drop, the USD had its longest losing streak since last October, and gold and Bitcoin reached all-time highs – these are just some of the headlines from last week. Asia is starting this week with better inflation figures out of China, but prospects of higher interest rates and a stronger JPY mean that Japanese shares are off their all-time high. Mensur Pocinci, our Head of Technical Analysis Research, notes that in a bull market, momentum peaking indicates a slowing uptrend, which is followed by a sideways consolidation, not a lasting decline in prices.
00:00 Introduction by Helen Freer (Investment Writing)
00:26 Markets wrap-up by Mike Rauber (Investment Writing)
07:09 Technical Analysis update by Mensur Pocinci (Head of Technical Analysis Research)
11:02 Closing remarks by Helen Freer (Investment Writing)
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