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US Dollar Looks Set To Remain Steady Ahead Of BoJ And Fed Meetings

US Dollar Looks Set To Remain Steady Ahead Of BoJ And Fed Meetings

 Image Source: Pixabay   The US Dollar trades stable in a tight range on Monday.  Traders brace for a historic week ahead with the BoJ poised to snap its decade-long negative interest rate regime.  The US Dollar Index trades around the mid 103.00s and is expected to remain steady.  The US Dollar (USD) is having a […]
S&P 500 Forecast: Buy-On-Dip Strategy Prevails 
                    
 

S&P 500 Forecast: Buy-On-Dip Strategy Prevails  

The S&P 500 initially fell pretty hard during the trading session on Friday. But later in the day, we have seen buyers come back in to try to pick things up. That might have been European panic. It may have been just the big sell order that triggered a bunch of algorithmic trading, we just […]
Commodities Overtake US Stocks As Performance Leader In 2024

Commodities Overtake US Stocks As Performance Leader In 2024

It had to end eventually. Whether last week’s shift in the pole position endures is something else entirely. But for the moment, US equities are no longer leading the horse race for the major asset classes year to date, based on a set of proxy ETFs through Friday’s close (Mar. 15).WisdomTree Enhanced Commodity Strategy Fund (GCC), which […]
Over The Weekend, Bitcoin Tested Support At $65,000 Level

Over The Weekend, Bitcoin Tested Support At $65,000 Level

Bitcoin chart analysisOver the weekend, Bitcoin’s price remained under pressure below the EMA200 moving average. On Saturday morning, we tried to test and move above $70000 but failed to do so. A bearish consolidation followed, dropping the price below the $67,500 level. The price also broke through that support level and continued until the end of the […]
JP225 On The Way Back To 40000?

JP225 On The Way Back To 40000?

Japan’s benchmark stock index has eased away from its record high, having flirted with the 40,600 level on March 6th.However, JP225 has since discovered support around the 38,330 region – a key support area over the past month, as this stock index pulls away from “overbought” conditions. For a longer-term perspective, Wall Street predicts that […]
S&P 500 Investors Riding A Disappointing Roller Coaster

S&P 500 Investors Riding A Disappointing Roller Coaster

As trading weeks go, the second week of March 2024 resembled a disappointing roller coaster ride for investors. The S&P 500 (Index: SPX) climbed to a new record high of 5,175.27 on Tuesday, 12 March 2024, but then went on to lose 1.1% of that new high value by the end of the week on the […]
Elliott Wave Technical Analysis: Soybean

Elliott Wave Technical Analysis: Soybean

Image Source: Unsplash  Soybean Elliott Wave AnalysisFunction – Trend Mode – Corrective Structure – Zigzag Position – Red wave (4) of blue C Direction – Downwards for red wave (5) of blue C Details – Wave (4) hits a key resistance zone and could be held from further rally toward the 1327 invalidation level. A break below 1160 should be a […]
Inflation Down In 20 European Union States Today

Inflation Down In 20 European Union States Today

This morning, the European Commission’s Eurostat data centre revealed the CPI inflation readings for the month of February 2023.According to the statistics, inflation was at 2.6% year-on-year (YoY) last month, in line with expectations.   Inflation comes down in the EU This shows a decrease of 0.2% from January’s inflation reading of 2.8%. It also represents a significant drop, […]
Bitcoin Commentary

Bitcoin Commentary

BTC Volatility ContinuesVolatility around the prior all-time highs continues in Bitcoin this week. The market pulled back from new record highs around the mid $74k mark, with price now holding back below $69355 for now.  We’re hearing plenty of chatter about current price action with some calling the current pull-back sign of a top in […]
Weekly Market Pulse: An Economic Overview

Weekly Market Pulse: An Economic Overview

Over the last two years the evolution of the US economy has been driven by a return to “normal”. The distortions of the response to COVID had a profound impact on the economy that I believe will persist for many years. The change in cash levels at the household level were large and have proved […]