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S&P 500 Rockets To New High As Fed Confirms Rate Cuts Are Coming

S&P 500 Rockets To New High As Fed Confirms Rate Cuts Are Coming

For S&P 500 (Index: SPX) investors there was one, and only one, market moving headline during the week that was. The Federal Reserve confirmed on Wednesday, 20 March 2024 that interest rate cuts are coming in 2024.That confirmation was like lighting off a rocket on Wall Street. The index rose nearly 0.9% after the Fed’s “dot-plot” projection of […]
Bitcoin Jumps 4.9% To $67,462 Amid ETF Optimism

Bitcoin Jumps 4.9% To $67,462 Amid ETF Optimism

Image Source: DepositPhotosIn an impressive turnaround, Bitcoin’s price leapt on Monday, clawing back some of the losses incurred last week, thanks to sustained capital flows into exchange-traded funds (ETFs) and the keen anticipation surrounding the upcoming “halving” event. The world’s premier cryptocurrency, which had experienced a sharp decline from its record highs, plummeting as low as $60,000, […]
Gold Forecast: Consolidation After Big Move

Gold Forecast: Consolidation After Big Move

It’s probably only a matter of time before we make it to the $2,500 level, as market participants continue to do whatever they can to protect wealth in a very uncertain environment Gold has pulled back just a bit during the trading session on Friday, as it looks like we have plenty of noise out […]
Two Trades To Watch: USD/JPY, Oil Forecast – Monday, March 25

Two Trades To Watch: USD/JPY, Oil Forecast – Monday, March 25

Image Source: Pixabay  USD/JPY holds steady amid intervention threat Japanese officials warned over speculative FX trades 152.00 seen as a clear line in the sand Fed speakers in focus USD/JPY hovers below 151.90 USD/JPY is holding steady at the start of the new week after booking gains of 1.6% last week.The pair rallied last week despite […]
Continue Buying Big Tech On AI Play As Fed Set To Cut Rate Soon

Continue Buying Big Tech On AI Play As Fed Set To Cut Rate Soon

The US stock market soared to unprecedented heights as a slim majority of Fed officials stood firm on their projections to implement three interest rate cuts this year, despite recent inflation figures coming in stronger than expected.While the latest data failed to instill enough confidence among officials to initiate rate cuts, Powell maintained his stance that […]
GBP/USD Forex Signal: Sterling Slumps

GBP/USD Forex Signal: Sterling Slumps

GBP/USD Slumps After BoE Decision; Selling favored at 1.2530, with buying at 1.2610. Sterling hits lows, affected by dovish BoE and Fed meetings. Eyes on US data, technicals suggest continued drop. Bearish view Sell the GBP/USD pair and set a take-profit at 1.2530. Add a stop-loss at 1.2650. Timeline: 1-2 days.  Bullish view Set a buy-stop […]
Daily Market Outlook – Monday, March 25

Daily Market Outlook – Monday, March 25

Image Source: Pexels  On Monday, Asian stock markets are trading with a mix of results, influenced by the global market trends from Friday. Some traders are considering taking profits from the recent market strength. There is also a sense of optimism regarding the future of interest rates after the US Fed’s recent monetary policy announcement. Although […]
USD/JPY Loses Ground On Monday After Intervention Talk

USD/JPY Loses Ground On Monday After Intervention Talk

USD/JPY drops slightly after intervention talk from Japan’s chief of FX, Masato Kanda.  Recent weakness in the Yen should be attributed to speculation not fundamentals, Kanda said.  The authorities may intervene to correct the situation, propping up the Yen.  USD/JPY is trading down almost a tenth of a percent in the 151.300s at the start of […]
FX Daily: PBoC Pushback Softens The Dollar Bull Case

FX Daily: PBoC Pushback Softens The Dollar Bull Case

Image Source: Pixabay  Last Friday, many were focused on the sharply higher USD/CNY and questioning whether Chinese authorities were allowing a new period of renminbi weakness. The PBoC has pushed back against that overnight. Looking ahead in this holiday-shortened week, we are all expecting a firm US inflation print on Friday. It’s another tough week for dollar bears. […]
Elliottwave Technical Analysis: U.S. Dollar/Japanese Yen Forex

Elliottwave Technical Analysis: U.S. Dollar/Japanese Yen Forex

Image Source: Pixabay  USDJPY Elliott Wave Analysis Trading Lounge Day Chart,  U.S.Dollar/Japanese Yen(USDJPY) Day Chart  USDJPY Elliott Wave Technical AnalysisFUNCTION: Counter Trend              MODE: Impulsive as C              STRUCTURE: blue wave C              POSITION: Black wave Z of B        DIRECTION […]