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EUR/GBP has been pacing back and forth inside a range that’s been holding since November last year.The pair is closing in on the top, so could it be due for a bounce or a break?Better keep these nearby inflection points on your radar!EUR/GBP: 4-hour<img src="https://infofinance-prod.s3.ap-southeast-1.amazonaws.com/20250311_Bieu_do_Ky_thuat_EURGBP_Tien_Gan_Nguong_Khang_Cu_trong_Vung_Giao_Dich_1_ba0a6c3c40.jpg" alt="20250311 Biểu đồ Kỹ thuật EURGBP Tiến Gần Ngưỡng Kháng Cự trong Vùng Giao Dịch 1.jpg">Shifting monetary policy biases for the European Central Bank (ECB) and Bank of England (BOE) since late last year have mostly kept this pair inside a range visible on the 4-hour time frame.While the ECB has reiterated its data-dependent approach to easing, BOE policymakers have had a “finely balanced” and “dovish split” decisions highlighting a tight battle between hawks and doves.Can these policy biases remain intact and keep EUR/GBP inside its range?Remember that directional biases and volatility conditions in market price are typically driven by fundamentals. If you haven’t yet done your homework on the Japanese yen and Canadian dollar, then it’s time to check out the economic calendar and stay updated on daily fundamental news!The pair is nearing the range resistance at the .8450 minor psychological mark and R1 (.8450), which could attract some selling pressure back to the nearby support zones.If the ceiling holds, watch out for a dip back to the middle of the range at the pivot point (.8350) or all the way back down to support at the .8250 minor psychological mark.Still, keep your eyes peeled for potential bullish candlesticks busting through the range resistance and suggesting that a rally of the same height as the chart pattern could follow. Do look out for a potential bounce off the next upside target at R2 (.8520) as well.As always, watch out for other top-tier catalysts that could impact overall market sentiment, and make sure you practice proper position sizing when taking any trades!Source: Niko

EUR/GBP has been pacing back and forth inside a range that’s been holding since November last year. The pair is closing in on the top, so could it be due for a bounce or a break?

EUR/GBP Approaching Range Resistance

Chart Art: EUR/GBP Approaching Range Resistance

President Donald Trump shared his intent to purchase a Tesla on Tuesday to support Elon Musk as the electric vehicle maker’s sales and share price face pressure from the CEO’s foray into global politics, most notably as head of Trump’s cost-cutting Department of Government Efficiency.“I’m going to buy a brand new Tesla tomorrow morning as a show of confidence and support for Elon Musk, a truly great American,” Trump wrote in a post published early Tuesday morning on Truth Social.Trump said “radical left lunatics” are “illegally and collusively” boycotting Tesla, which the president described as one of the best automakers in the world. This action, Trump said, was meant as an attack on Musk and what he stands for.It is not illegal for consumers to boycott companies. The Supreme Court in 1982 ruled the First Amendment protects Americans’ rights to protest private businesses.Musk’s support of Trump in the run-up to last year’s presidential election and subsequent leadership in his government efficiency initiative has sparked backlash. Analysts have cited this reputational shift as a driver of trouble for the automaker’s stock, which posted its worst day since 2020 on Monday and is down 45% in 2025.Musk acknowledged the hit to his businesses in an interview Monday, saying he was running them “with great difficulty” because of his high-profile role with this administration. He told Fox Business that as head of DOGE, “you’re giving up your other stuff.”Reports of vandalized Tesla vehicles and dealerships, as well as protests, offered evidence of mounting opposition to Musk hitting a boiling point. A drop in European sales raised alarm that Musk’s presence as a political figure across the world was hampering the brand image.“When people’s cars are in jeopardy of being keyed or set on fire out there, even people who support Musk or are indifferent Musk might think twice about buying a Tesla,” Baird analyst Ben Kallo said Monday on CNBC’s “Squawk on the Street.”Trump said in his post that Musk is doing a “fantastic job” and “putting it on the line” to help the U.S. His comments follow a New York Times report last week that unveiled criticisms from Cabinet members of Musk’s government efficiency initiatives.Tesla shares popped more than 4% in Tuesday morning trading. In addition to Trump’s promotion of Tesla, the stock may also be helped by a note to clients from Morgan Stanley advising them to pick up shares after the steep decline.&nbsp;Cre: CNBC | Alex Harring

President Donald Trump shared his intent to purchase a Tesla on Tuesday to support Elon Musk as the electric vehicle maker’s sales and share price face pressure from the CEO’s foray into global politics, most notably as head of Trump’s cost-cutting Department of Government Efficiency.

Trump calls Tesla boycott ‘illegal’ and says he’s buying one to support Elon Musk

Gold (XAU/USD) has stabilized and rebounded after dropping more than $20 yesterday, currently trading around the $2,900 mark. Earlier, investor concerns over a potential U.S. economic downturn triggered broad-based declines across equities and commodities, with precious metals—especially gold—following suit.Market Sentiment and Key DriversGold held above $2,880 after sliding nearly 1% on Monday. Over the weekend, former U.S. President Donald Trump warned that the U.S. economy could face challenges before improving, emphasizing potential tariff adjustments in his trade policy. This fueled market concerns about a possible economic slowdown.As financial markets experienced sharp declines, some investors liquidated gold positions to cover losses in other asset classes, leading to short-term downward pressure on the metal.Despite recent volatility, gold has gained 10% year-to-date, setting new highs. The rally has been driven by uncertainties surrounding Trump’s policies, ongoing central bank purchases, and expectations that the Federal Reserve may further ease interest rates. Lower borrowing costs generally support non-yielding assets like gold.<img class="image_resized" style="width:50%;" src="https://infofinance-prod.s3.ap-southeast-1.amazonaws.com/20250311_Vang_phuc_hoi_giao_dich_quanh_2_900_USD_con_rat_nhieu_ho_tro_1_1165d177d7.jpg" alt="20250311 Vàng phục hồi giao dịch quanh 2.900USD, còn rất nhiều hỗ trợ 1.jpg">ETF Flows and Hedge Fund PositioningWhile higher gold prices have dampened physical demand in key Asian economies, inflows into gold-backed ETFs remain stable. According to Bloomberg data, gold ETF holdings reached their highest levels since December 2023 as of last week.However, some investors had already begun reducing gold exposure ahead of Monday’s sell-off. The latest data from the U.S. Commodity Futures Trading Commission (CFTC) shows that hedge funds' net long positions in gold have fallen to a nine-week low.Gold’s Long-Term Bullish Factors Remain IntactAlthough the recent correction appears broad-based, underlying support remains strong. Factors such as geopolitical risks, the potential for global trade conflicts under Trump’s policies, and expectations of Fed rate cuts continue to provide a favorable backdrop for gold.Focus on U.S. Inflation Data and Fed Policy ExpectationsInvestors are closely monitoring upcoming U.S. inflation data to gauge the likelihood of further Fed rate cuts:Consumer Price Index (CPI) – scheduled for release on WednesdayProducer Price Index (PPI) – scheduled for release on ThursdayMarkets have now fully priced in a Fed rate cut in June. Fed Chair Jerome Powell noted on Friday that it remains unclear whether Trump’s proposed tariffs would lead to higher inflation. Generally, lower interest rates enhance gold’s appeal, as they reduce the opportunity cost of holding the non-yielding asset.Technical Outlook: XAU/USD Price ActionOn the daily chart, gold found support at the previously highlighted $2,880 level and has since rebounded, currently trading near $2,900. A decisive break above this level would be seen as a bullish signal, with upside targets at the 21-day EMA, followed by resistance at $2,929 and $2,942.In the short term, gold remains in a consolidation phase, as depicted by two green trendlines. However, the medium-to-long-term outlook remains bullish, supported by an RSI holding above 50.Key Levels to Watch:Support: $2,880 – $2,868Resistance: $2,900 – $2,929 – $2,942As market participants await critical inflation data, gold’s near-term trajectory will likely hinge on Fed policy signals and broader risk sentiment.

Gold (XAU/USD) has stabilized and rebounded after dropping more than $20 yesterday, currently trading around the $2,900 mark. Earlier, investor concerns over a potential U.S. economic downturn triggered broad-based declines across equities and commodities, with precious metals—especially gold—following suit.

Gold Prices Stabilize and Recover After Sharp Decline

As Tesla's stock price crashes, frustrated investors are yearning for their CEO back.As you may have heard, Elon Musk has instead been in Washington, DC, overseeing a cost-cutting government overhaul. As he's worked to scrap entire agencies and lay off thousands, the company's stock has slipped. Shares have been down each of the past seven weeks that Musk has been in Washington.The cumulative damage is stunning. At Monday lows — amid a 4% sell-off for the tech-heavy Nasdaq — Tesla stock plunged 15%, its biggest single-day drop since September 2020.Tesla stock has plummeted 55% from a mid-December record high and is down more than 40% year to date.Much of the angst among Tesla investors stems from concerns that Musk doesn't appear to be committing enough time to the company in his CEO role — at least compared to his prior level of involvement.Musk, who famously slept on the floor of Tesla's factories during hard times, has reportedly been sleeping on the floor of his DOGE government office, just steps from the White House.In addition to leading SpaceX, X, xAI, and Neuralink, Musk is also an avid gamer and the father of more than 10 kids.Another fundamental issue dragging on Tesla — plummeting vehicle sales in locations like Europe and China — and investors haven't had a lot to be excited about.<img class="image_resized" style="width:50%;" src="https://infofinance-prod.s3.ap-southeast-1.amazonaws.com/20250311_Gia_Co_Phieu_Tesla_Lao_Doc_Nha_Dau_Tu_Muon_Elon_Musk_Tu_Chuc_CEO_vao_Nam_2025_1_e7e3f933f3.jpg" alt="20250311 Giá Cổ Phiếu Tesla Lao Dốc Nhà Đầu Tư Muốn Elon Musk Từ Chức CEO vào Năm 2025 1.jpg">Tesla investors aren't thrilledThe retail stock-trading platform StockTwits can be a gauge of investor dissatisfaction with Musk's non-Tesla activities.A recent (unscientific) poll on the site asked, "Is Musk's White House focus hurting Tesla?" About 60% of respondents said "Yes - Tesla needs his focus," while 25% said no, citing media hype for fueling the narrative, and the remaining 15% blamed non-Musk forces.Garrett Nelson, a senior equity analyst at CFRA Research, said his firm senses investor frustration."We think shareholders have legitimate concerns about Elon Musk being spread too thin, and it's become clear he's now spending more time on DOGE than anything else," he told BI.Nelson, who believes Musk's focus on DOGE is unlikely to conclude until the middle of 2026, has a simple solution: promote someone.The company needs to "elevate a member of senior management to take on additional responsibilities to keep Tesla on track with its near and intermediate-term goals," he said.But that might not be enough for one longtime Tesla investor, Ross Gerber.Tesla is stumbling and analysts think Elon Musk's politics are to blameIn a February interview, Gerber told BI that Musk has damaged Tesla's brand and that the "simplest solution" would be for him to step back entirely from day-to-day operations. He thinks someone else should be hired as CEO."The truth of the matter is the company should be run by somebody who isn't so political and can bring the brand back, if that's possible," Gerber said.The catch-22However, Nelson and Gerber said there's a risk that Tesla's stock could continue to decline if Musk stepped down as CEO."If you're a Tesla shareholder, you're caught in a catch-22, whereby Musk's presence accounts for a significant percentage of the company's value, but his presence is also starting to weigh on the company's brand perception and financial performance," Nelson said.Gerber estimated that "about $150 to $200 per share" of Tesla is based on Musk's presence. Tesla was trading above $300 a share when Gerber made that comment on February 26.For Dan Ives, a research analyst at Wedbush and a longtime bull on Tesla stock, it doesn't matter. He says there's no chance Musk would ever step down."Musk is going to be CEO of Tesla for at least the next five to seven years and likely longer," Ives told BI last week.Ives argued that Tesla is in its most innovative period of the past five years and the stock's future value hinges on its autonomous and robotics developments rather than its EV sales."Many times over the last 15 years, Musk has been counted out and so has Tesla, and we view this as no different," Ives said.Credit: Business Insider | Mathew Fox

As Tesla's stock price crashes, frustrated investors are yearning for their CEO back.

With the stock cut in half, Tesla investors want their CEO back

Gold (XAU/USD) has dipped to around &nbsp;$2,912/ounce, falling nearly 10 from its intraday high of $2,918 reached earlier in the session. The recovery of the U.S. Dollar is seen as the primary pressure point causing gold to retreat from its daily peak.Key Data and News Highlights<img src="https://infofinance-prod.s3.ap-southeast-1.amazonaws.com/1_7404a0bb24.jpg" alt="1.jpg">The U.S. Labor Department reported that the economy added 151,000 jobs in February, slightly below the 160,000 jobs expected by economists surveyed by Reuters. The unemployment rate stood at 4.1%, compared to the anticipated 4%.Federal Reserve Chair Jerome Powell stated early Friday that the Fed will take a cautious approach to easing monetary policy, adding that the economy "remains in good shape."While gold is a hedge against inflation, rising interest rates can diminish its appeal as it does not yield interest.Markets are currently pricing in expectations for the Fed to begin cutting rates starting in June, with a total of 76 basis points in rate cuts anticipated for the remainder of the year.Market FocusAttention is now turning to the upcoming Federal Reserve meeting. Additionally, inflation reports and retail sales data will provide further guidance for broader market trends, particularly for the gold market.Gold's slight decline reflects the interplay between a stronger Dollar and shifting expectations around monetary policy, with investors closely monitoring economic indicators for future direction.Source: BestSCTrans: Infofinance.com

Gold (XAU/USD) has dipped to around  $2,912/ounce, falling nearly 10 from its intraday high of $2,918 reached earlier in the session. The recovery of the U.S. Dollar is seen as the primary pressure point causing gold to retreat from its daily peak.

Gold Edges Lower as Dollar Rebounds: Key News and Trends

The Federal Reserve's aggressive start of the easing cycle has rekindled inflation worries in the U.S. bond market, as some investors fear looser financial conditions could re-ignite price pressures.<figure class="image"><img src="https://infofinance-prod.s3.ap-southeast-1.amazonaws.com/1_21468ce18c.webp" alt="1.webp"></figure>Yields on longer-dated Treasuries that are most sensitive to the inflation outlook have risen to the highest since early September, with some investors worried that the Fed's shift in focus from beating back inflation to protecting the job market could allow for a rebound in price pressures."I think there are questions around how quickly inflation will be able to get to the Fed's target if we're in a cutting environment, and if we're in an environment where the Fed is saying we want to support the labor market before the labor market gets weak," said Cayla Seder, macro multi-asset strategist at State Street Global Markets. She expects long-term yields, which rise when prices fall, to climb further as the market bets on stronger growth and inflation.Fed Chair Jerome Powell said last week the 50 basis point interest rate cut that kick-started the U.S. central bank's descent was a "recalibration" of rates aimed at maintaining strength in the labor market while inflation moves sustainably to the Fed's 2% goal.The Fed's emphasis on economic resilience fueled concerns that the path to lower rates could be slow and bumpy. Fed officials' forecasts on interest rates also suggested a more gradual pace in cuts than what the market anticipated.Expectations for inflation over the next decade as measured by Treasury Inflation-Protected Securities (TIPS) increased after the Fed's announcement on Wednesday, with the 10-year breakeven inflation rate rising to 2.16% on Thursday, its highest since early August. It hit a new high of 2.167% on Monday.An auction of 10-year TIPS on Thursday, after the Fed's rate-setting meeting, was lapped up by investors, with non-dealers absorbing 93.4% of the $17 billion Treasury debt sale, the highest share since January. Flows into U.S. dollar inflation-linked bonds, however, were negative in the week ending on Monday, according to LSEG data."Investors are once again concerned with the specter of reflation," BMO Capital Markets rates strategists said in a note last week. Matt Smith, fund manager at Ruffer, said he has been adding inflation protection to his portfolio over the last few days and weeks.Many in the market have fresh memories of the selloff that happened when a dovish pivot by the Fed in December was followed by months of upside surprises on inflation and employment.The Goldman Sachs U.S. financial conditions index, a measure of the availability of credit in the economy, eased over the course of this year despite interest rates remaining at their highest in over two decades. The day after the Fed's decision, it decreased to its lowest since May 2022."We think inflation is going to remain relatively benign ... but the more aggressive the Fed cuts, the more you have to question that," said Brendan Murphy, head of fixed income, North America, at Insight Investment.

The Federal Reserve's aggressive start of the easing cycle has rekindled inflation worries in the U.S. bond market, as some investors fear looser financial conditions could re-ignite price pressures.

Analysis-Fed's bumper rate cut revives 'reflation specter' in US bond market

Costco Wholesale shares edged lower in early Tuesday trading after a top Wall Street analyst clipped his rating on the bulk discount retailer heading into its fourth quarter earnings report later in the week.Costco &nbsp;(COST) , one of the top-performing stocks in the retail sector this year, has added around $160 billion in market value over the past twelve months as its focus on aggressive pricing in a limited number of items, as well as increased efficiency in its higher-margin online division, has consistently added to bottom line gains.<img src="https://infofinance-prod.s3.ap-southeast-1.amazonaws.com/1_02bb42b1dc.webp" alt="1.webp">The group also unveiled its first membership fee increase in more than seven years over the summer under new finance chief&nbsp;Gary Millerchip, taking the price of its executive card to $125 per year.D.A. Davidson analyst Michael Baker said at the time of the increase that the move will likely add around $377 million in total revenues of the next two years and generate an annual profit boost of around $189 million.However, other changes brought by the group over the summer, including the scanning of membership cards at store entry points, may blunt sales gains over the three months ending in August, while the stock's impressive gains have given it "little room for error" with respect to near-term performance, according to Truist Securities analyst&nbsp;Scot Ciccarelli.'Little room for error'"The business remains strong and is gaining share across nearly all trade classes, with arguably the highest barriers to entry in retail," he said.&nbsp; "However, recent changes like scanning IDs on entry and packaging adjustments to their chickens could create some sales headwinds."Ciccarelli lowered his rating on Costco stock to 'hold' from 'buy', while keeping his $873 price target in place ahead of the group's fourth quarter earnings, which are slated for after the close of trading Thursday."Key catalysts are now in the rearview mirror, and the stock's current valuation leaves little room for error," Ciccarelli said."Costco is up around 60% in the last 12 months (multiple up by roughly 20 turns) versus the S&amp;P's 30%, and it’s now trading at about 54x forward [earnings per share], a multi-decade high," he said. "Therefore, we downgrade Costco and will look for a more attractive re-entry point."

Costco Wholesale shares edged lower in early Tuesday trading after a top Wall Street analyst clipped his rating on the bulk discount retailer heading into its fourth quarter earnings report later in the week.

Analyst revisits Costco stock price target, rating, ahead of earnings

Ethereum remains under selling pressure, struggling to reclaim the key $2,300 resistance level. Technical indicators still suggest a bearish trend, with BBTrend showing signs of improvement but remaining negative, indicating that bullish momentum has yet to fully develop.<img src="https://infofinance-prod.s3.ap-southeast-1.amazonaws.com/1_21ffeb3122.jpg" alt="1.jpg">At the same time, the number of Ethereum whales has seen a slight uptick, possibly in response to the White House Crypto Summit, as investors anticipate regulatory shifts or the potential inclusion of ETH in the U.S. strategic crypto reserves. For Ethereum to shift into an uptrend, it must break key resistance levels and sustain strong buying pressure.BBTrend Indicates Uptrend Has Yet to FormEthereum’s BBTrend has improved to -2.6 from -5.12 just a day ago. BBTrend, short for Bollinger Band Trend, is a technical indicator used to assess price trends and momentum by measuring price deviations from the moving average.A deeply negative BBTrend suggests strong bearish momentum, while a positive reading signals increasing bullish strength.For Ethereum to gain upward momentum, BBTrend needs to break above 0 and push into higher levels. Two days ago, it briefly turned positive, reaching 1.98 before reversing downward, signaling weak buying pressure.If BBTrend can surpass its previous high and maintain positive territory, it would confirm stronger momentum, increasing the likelihood of Ethereum sustaining a bullish trend.Whale Accumulation Increases, But Overall Trend Remains Bearish<img src="https://infofinance-prod.s3.ap-southeast-1.amazonaws.com/2_b1eaa3207c.jpg" alt="2.jpg">The number of Ethereum whales—addresses holding at least 1,000 ETH—has risen slightly to 5,768 from 5,762 on March 5. However, the overall trend remains downward, as there were 5,828 whale addresses on February 22.Tracking large investors is crucial, as whale activity often signals shifts in market sentiment. Accumulation typically reflects confidence in price appreciation, whereas distribution suggests potential selling pressure.The recent uptick in whale numbers may be linked to the White House Crypto Summit, with large investors positioning themselves ahead of potential regulatory developments and the possibility of ETH being added to the U.S. strategic crypto reserves.Source: tradingview.comTrans: Infofinance.com

Ethereum remains under selling pressure, struggling to reclaim the key $2,300 resistance level. Technical indicators still suggest a bearish trend, with BBTrend showing signs of improvement but remaining negative, indicating that bullish momentum has yet to fully develop.

Ethereum (ETHUSD) Struggles to Break Above $2,300 Amid Bearish Pressure

Investing.com-- U.S. President Donald Trump’s executive order to establish a strategic <a href="https://www.investing.com/crypto/bitcoin">Bitcoin</a> reserve and a separate digital asset stockpile is a positive step for crypto, signaling White House support for digital assets, TD Cowen analysts said in a note.The executive order, issued ahead of the White House Crypto Summit, mandates that the U.S. government retain Bitcoin seized through criminal or civil asset forfeitures, excluding those returned to victims, used for law enforcement, or shared with states.While the order instructs Treasury and Commerce secretaries to explore ways to acquire additional Bitcoin without burdening taxpayers, TD Cowen analysts remain skeptical that such acquisitions will materialize.“This is a compromise,” TD Cowen analysts wrote, noting that the government is not actively purchasing digital assets but simply refraining from selling seized ones.The move, however, could impact U.S. debt management, as the government will need to borrow funds instead of liquidating digital assets for cash, according to TD Cowen.The initiative is expected to draw political opposition, particularly from Democrats, who may argue that retaining digital assets forces taxpayers to speculate on crypto, analysts said.However, the brokerage does not see this opposition derailing the reserve or stockpile.Treasury has 60 days to assess whether new legislation is required to implement the order.&nbsp;Source: investing.com

U.S. President Donald Trump’s executive order to establish a strategic Bitcoin reserve and a separate digital asset stockpile is a positive step for crypto, signaling White House support for digital assets, TD Cowen analysts said in a note.

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Chart Art: EUR/GBP Approaching Range Resistance

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