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GBP/USD Outlook: Williams Challenges Fed Rate Cut Expectations

GBP/USD Outlook: Williams Challenges Fed Rate Cut Expectations

The GBP/USD outlook takes a subtly bearish turn on Monday. The pair is retracing its steps from recent peaks due to comments by Federal Reserve Bank of New York President John Williams. On Friday, Williams challenged the market consensus for rate cuts, emphasizing that the Fed wasn’t currently deliberating on them and deeming speculation premature. However, […]
Daily Market Outlook – Monday, Dec. 18

Daily Market Outlook – Monday, Dec. 18

Image Source: Pixabay  Last week, a notable theme in the markets was a divergence in messaging from the Federal Reserve (Fed), Bank of England (BoE), and European Central Bank (ECB). The Fed adopted a somewhat dovish tone and did not resist market expectations for significant rate cuts in 2024. In contrast, both the BoE and ECB […]
Apple Shares Slide After Reports Of Chinese Ban Extending

Apple Shares Slide After Reports Of Chinese Ban Extending

According to recent reports, numerous more Chinese agencies and government-backed firms have instructed staff to stop bringing iPhones to work, accelerating the country’s efforts to block tech giants from parts of the world’s largest mobile market. Apple’s shares (AAPL) slid 0.7% in the premarket today. iPhone Ban Accelerates Across Chinese Agencies and State-backed FirmsApple shares slipped 0.7% […]
S&P 500 Jumps After Fed Pivots On 2024 Rate Cuts

S&P 500 Jumps After Fed Pivots On 2024 Rate Cuts

The S&P 500 (Index: SPX) rose for the seventh week in a row. The index closed out the week at 4719.19, almost a 2.5% increase over where it closed the previous week.Almost all of that upward movement came on Wednesday, 13 December 2023 after 2:00 PM, when the Federal Reserve first announced it would hold the Federal Funds Rate […]
Dow Breaks To New All-Time Highs On Weekly Chart

Dow Breaks To New All-Time Highs On Weekly Chart

It was a classic breakout for the Dow (DIA) as the index recorded a new all-time high. Weekly buying volume was the highest since January 2022. Technicals are net positive with the index shifting to a relative outperformance against the Nasdaq 100 (NDX).On daily timeframes, the action was more mixed. I had expected the Nasdaq […]
Ibm Stock Price Forecast: The Big Blue Is Not AB InBev

Ibm Stock Price Forecast: The Big Blue Is Not AB InBev

IBM (IBM) stock price has been in a remarkable rally in 2023, as investors cheered its turnaround strategy and investments in AI and quantum computing. The shares jumped to a record high of $166.25 last week, giving it a market cap of over $150 billion.  AI and quantum computing IBM, the giant technology company, is doing well as investors […]
Is Starbucks Still A Union-Buster?

Is Starbucks Still A Union-Buster?

Video Length: 00:41:55 Slate Money talks the Fed’s falling interest rates, Starbucks’ union woes, and star pitcher Shohei Ohtani’s lavish retirement plan.More By This Author:Slate Money Travel: Hotels That Don’t Rip You OffSlate Money Travel: Maybe We Should WalkThe Bully Of Bridgewater
Elliott Wave Technical Analysis Day Chart: U.S. Dollar/Japanese Yen – Monday, Dec. 18

Elliott Wave Technical Analysis Day Chart: U.S. Dollar/Japanese Yen – Monday, Dec. 18

Image Source: Unsplash  USDJPY Elliott Wave Analysis Trading Lounge Day  Chart, 18 December 2023U.S.Dollar/Japanese Yen (USDJPY) Day ChartUSDJPY Elliott Wave Technical AnalysisFunction:  Counter TrendMode: ImpulsiveStructure: red wave 1 of blue wave 3Position: black wave 1Direction Next Higher Degrees: red wave 2 of 3Details: Red wave 1 of blue wave 3 is in play. Wave Cancel invalid […]
FX Daily: One Last Big Central Bank Meeting

FX Daily: One Last Big Central Bank Meeting

The dollar is recovering some ground after the pushback from Fed officials against rate cut bets. However, the dovish Dot Plot may work as an anchor for rates and keep the dollar soft into the end of December. In Japan, the BoJ announces its policy in the early hours of tomorrow, and that will direct […]
Elliott Wave Technical Analysis 4 Hour Chart: U.S. Dollar/Japanese Yen – Monday, Dec. 18

Elliott Wave Technical Analysis 4 Hour Chart: U.S. Dollar/Japanese Yen – Monday, Dec. 18

Image Source: Pixabay  USDJPY Elliott Wave Analysis Trading Lounge 4 Hour  Chart, 18 December 2023U.S.Dollar/Japanese Yen (USDJPY) 4 Hour ChartUSDJPY Elliott Wave Technical AnalysisFunction: Counter TrendMode: ImpulsiveStructure: red wave 1 of blue wave 3Position: black wave 1Direction Next Higher Degrees: red wave 2 of 3Details: Red wave 1 of blue wave 3 is in play. Wave […]