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Shares jumped to a record high Monday following positive chatter from Wall Street analysts on iPhone 17 demand.
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AWS outage: Company working to restore service as users report a resurgence in issues
Downdetector showed user reports of problems at sites including Amazon, Snapchat, Disney+, Reddit and Canva. -
Highly successful people do 5 things when dealing with a difficult boss, says career expert: ‘Don’t despair’
Working for (or with) a control freak “can push anyone to the brink,” says executive coach Melody Wilding. -
Dow Jones Industrial Average rises on key tech rally stocks, government shutdown hopes
The Dow Jones Industrial Average (DJIA) caught a bullish tailwind on Monday, rising over 450 points to kick off the new trading week. -
Dow Jones Industrial Average rises on key tech rally stocks, government shutdown hopes
The Dow Jones Industrial Average (DJIA) caught a bullish tailwind on Monday, rising over 450 points to kick off the new trading week. -
Tech review: Earnings take centre stage as Apple reaches record high
Apple has been the second worst performing Magnificent 7 stock so far this year, however, the successful launch of the new iPhone 17, which is outselling the iPhone 16 by more than 10%, has pushed the stock up to a record high on Monday, and the stock price is surging by 4% at the start of this week. -
Tech review: Earnings take centre stage as Apple reaches record high
Apple has been the second worst performing Magnificent 7 stock so far this year, however, the successful launch of the new iPhone 17, which is outselling the iPhone 16 by more than 10%, has pushed the stock up to a record high on Monday, and the stock price is surging by 4% at the start of this week. -
Silver rises on safe-haven demand amid US shutdown, geopolitical risks
Silver (XAG/USD) advances on Monday, trading around $52.20 per troy ounce at the time of writing, up 0.70% on the day. The grey metal recovers strongly after Friday’s correction, supported by renewed demand for safe-haven assets as geopolitical and fiscal concerns weigh on market sentiment. -
Silver rises on safe-haven demand amid US shutdown, geopolitical risks
Silver (XAG/USD) advances on Monday, trading around $52.20 per troy ounce at the time of writing, up 0.70% on the day. The grey metal recovers strongly after Friday’s correction, supported by renewed demand for safe-haven assets as geopolitical and fiscal concerns weigh on market sentiment. -
GBPUSD technicals. Buyers stall the fall against swing area and 100 hour MA
The GBP/USD pair is trading with volatile, short-term swings today, leading to a modest intraday decline. This period of consolidation has allowed the rising 100-Hour Moving Average (MA) to catch up with the price action.
Critical Support Cluster
The pair is currently testing this hourly MA near 1.3400. This level is reinforced by a short-term swing area defined by 1.3391 and 1.34048. The combination of the 100 hour MA and the swing area is acting as a strong defensive cluster, which is essential for keeping the short-term bias bullish.Inflection Point
If the price breaks decisively below this confluence point (specifically, the 1.3391 swing low), the technical bias would immediately switch to the downside, targeting the 200-HMA as the next major support.Key Resistance Targets
On the upside, buyers face immediate resistance at the 38.2% Fibonacci retracement of the move down from the September high, which sits at 1.3430. A sustained break above this Fib level is necessary to intensify the bullish pressure. The subsequent targets are:-
The Friday high at 1.34704.
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A stronger, dual technical barrier at 1.34865, where the 100-Day Moving Average (DMA) converges with the 50% Fibonacci retracement from the September high.
This article was written by Greg Michalowski at investinglive.com.
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