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Political Tensions Rise In Bulgaria As Country Waits For Euro Green Light

Political Tensions Rise In Bulgaria As Country Waits For Euro Green Light

Bulgaria is set for decent growth in 2024. It’s due to adopt the euro next year, but political and inflationary concerns remain and it’s still waiting for a final decision to become part of the eurozone club.PexelsAt the time of writing, we are still unsure whether there’ll be an imminent snap election in Bulgaria. Our […]
Nasdaq 100 Forecast: Rally Signals Strength

Nasdaq 100 Forecast: Rally Signals Strength

Short term pullbacks will find plenty of support near the 50 day EMA and then again at the 16,950 level. The NASDAQ 100 rallied early during the trading session on Monday as it looks like traders are coming back with more of a risk on attitude this week. It all started in Asia with Asian indices […]
Elliott Wave Technical Analysis: Silver

Elliott Wave Technical Analysis: Silver

Image Source: Pixabay  Silver Elliott Wave Analysis- ‘Buy the Dip’ to continue the rally?Silver Elliott Wave Analysis Function – Counter-trend Mode – Impulse Structure – Impulse Position – Wave 3 of (A) Direction – Wave 4 of (A)Details – Wave 4 dip is ongoing. Expected to be shallow probably toward 24.5 before resuming higher for wave 5 of (A).In slightly over […]
Japanese Yen Commentary – Tuesday, March 19

Japanese Yen Commentary – Tuesday, March 19

BOJ Hikes RatesThe Japanese Yen is collapsing lower this morning despite the BOJ making the historic move overnight to tighten rates for the first time since 2007. Having lifted rates to between 0% and 0.1%, the BOJ has unwound the last central bank negative rates monetary policy regime and has also ended its Yield Curve […]
JPMorgan Forecasts A Gold Price Of $2,500

JPMorgan Forecasts A Gold Price Of $2,500

In a January 2024 publication, JPMorgan unveiled its outlook for the gold price. The world’s leading bank, with a market capitalization of over $500 billion, stated that “a cutting cycle is expected to be positive for bullion and supportive of a rally in prices in the second half of 2024”. As gold settles at all-time […]
Fed Meeting Tomorrow: What To Expect

Fed Meeting Tomorrow: What To Expect

Image Source: DepositPhotosThe eyes of the finance world are on the United States, as the Fed meets today and tomorrow to discuss decisions on interest rates at their policy meeting on March 19th and 20th.This week’s FOMC meeting, followed by a press conference by chair Jerome Powell tomorrow afternoon, promises to be especially significant.For the first […]
Asian Stock: WPG Holdings

Asian Stock: WPG Holdings

TM Editors’ note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence.Company: WPG Holdings LimitedBloomberg ticker: 3702 TTMarket cap: US$4,700mBackground: WPG Holdings Limited is a Taiwanese company that distributes electronic components such as computer chipsets, memory-integrated chips, and application-specific standard product (ASSP) ICs. The company serves as OEM and […]
Tuesday Talk: Still Talk Of The Town – Inflation

Tuesday Talk: Still Talk Of The Town – Inflation

Inflation doesn’t seem to be moving higher, but its downward trajectory seems to have slowed to a crawl, around 3.2%, which is keeping interest rates higher than anticipated, but also keeping the brakes on runaway inflation.UnsplashOn Monday the S&P 500 closed at 5,149, up 32 points, the Dow closed at 38,790, up 76 points and the […]
Solana’s Impressive Surge: Breaking $200 And Beyond

Solana’s Impressive Surge: Breaking $200 And Beyond

Solana chart analysisThe price of Solana rose above the $200.00 level for the first time this year on Sunday. Yesterday, the price continued to rise until reaching the $209.90 level. We stopped there and started a pullback to the first support at $195.00. There, we encountered the EMA50 moving average, which stopped the fall of Solana.In the […]
Financial Conditions Make A Monetary Roundtrip And Undercut The Need For Rate Cuts

Financial Conditions Make A Monetary Roundtrip And Undercut The Need For Rate Cuts

Last week, financial markets stared in dismay at “sticky” inflation numbers on the consumer and wholesale side. Both the CPI (consumer price index) and wholesale inflation (the producer price index or PPI) printed slightly higher than “expected” (headline and core). While overall momentum still favors an eventual confirmation for those who declared inflation dead last year, a more important reality […]