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February CPI – Market Sell Off Or Buy The Dip?

February CPI – Market Sell Off Or Buy The Dip?

Image source: Pixabay  This morning gives us the latest inflation update (more below) and, as we have been discussing, it will provide another data point for market soothsayers to help predict the timing of the Fed’s next easing cycle. For the Fed, it will be one of the last pieces of data collected before they begin […]
Oil Price In The Green Ahead Of OPEC Report Release 
                    
 
 

Oil Price In The Green Ahead Of OPEC Report Release    

Oil prices are trading in the green for a second consecutive day on Tuesday, with WTI Crude snapping above $78.PexelsOil traders are staying put in their bullish calls placed last week, very much noticeable in the options market. With the monthly OPEC Report due to be released this Tuesday, more upside could be on the […]
Bank Term Funding Program Shut Down, What Happens Next

Bank Term Funding Program Shut Down, What Happens Next

Image Source: Pixabay  Today is the last day for new loans from the Fed’s BTFP, and there is still $165 billion being borrowed from it. In fact, that balance increased just last week. What are the implications of the shutdown? We keep coming back to the same factor which was all over last March. And with […]
GBP/USD Price Corrects Gains After Mixed US NFP Data

GBP/USD Price Corrects Gains After Mixed US NFP Data

The GBP/USD price turned to the downside after reaching a high of 1.2893 on Friday. The pair is trading at 1.2820 at the time of writing. The pair is correcting gains after a massive bull run.Fundamentally, the US reported mixed data in the last trading session. The NFP came in at 275K in February, versus […]
SP 500 Forecast: Buyers Are Still Found For Every Dip 
                    
 

SP 500 Forecast: Buyers Are Still Found For Every Dip  

Pexels  The S&P 500 gave back a little bit on Monday morning, but it still finds buyers below to show strength and turn things around. Never forget that six or seven stocks are driving this market in the end. This is a dangerous precedent but may be more common now because of the passive investing […]
Dogecoin And Shiba Inu: Dogecoin Slips Below 0.18000 Level

Dogecoin And Shiba Inu: Dogecoin Slips Below 0.18000 Level

Dogecoin chart analysisOver the weekend, the price of Dogecoin managed to climb up to 0.18486 levels. There we encounter resistance and pull back from that level until Monday morning at the 0.15986 level. The price finds support there and starts a bullish consolidation. Additional support on that low is the EMA200 moving average. By the end […]
Elliott Wave Technical Analysis: Cocoa – Tuesday, March 12

Elliott Wave Technical Analysis: Cocoa – Tuesday, March 12

Photo by Rodrigo Flores on Unsplash  Cocoa Elliott Wave Analysis – breaks into a new all-time highCocoa, in its recent movements, has broken above its previous all-time high at 6696, surging to a new peak at 6789. This upward trajectory suggests a continuation of its bullish momentum. The question that arises is: how much further […]
USD/INR Analysis: Incremental Trend Lower Gains Speculative Intrigue

USD/INR Analysis: Incremental Trend Lower Gains Speculative Intrigue

The USD/INR has shown another round of solid correlation to the broad Forex market as the currency pair has ebbed lower in the past week. The USD/INR has displayed the ability to trade lower in the past week and this will get the attention of the currency pair’s speculators. The USD/INR is near 82.7200 as […]
The Commodities Feed: Markets Await US CPI Print

The Commodities Feed: Markets Await US CPI Print

Image Source: Pixabay  Most commodity markets are trading little changed this morning, awaiting the release of US CPI data scheduled later today that may provide more certainty on the timing of a change in the Federal Reserve’s policy. A hotter-than-expected reading would push back the timeline for when the Fed starts its easing cycle.  Energy – Record […]
EUR/USD: Stable Above 1.09 As Markets Await US CPI 
                    
 
 

EUR/USD: Stable Above 1.09 As Markets Await US CPI    

The EUR/USD outlook is mildly bullish on Tuesday morning, setting a positive tone ahead of the highly anticipated US inflation report. Adding fuel to the euro’s momentum, Peter Kazimir, Chief of Slovakia’s Central Bank, said the ECB should hold off on rate cuts until they have enough economic data.PixabayThe US inflation report will give more […]