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Fed Speak Tempers Rate Cut Expectations

Fed Speak Tempers Rate Cut Expectations

Image Source: Pixabay  The biggest takeaway into Friday is the latest round of Fed speak. These Fed officials reiterated their stance rates should be kept restrictive for a longer period of time until there is more clear evidence inflation is heading back towards the 2% target.Video Length: 00:01:11More By This Author:Investors Get The Perfect Combination Of […]
Sensex Today Trades Lower; Nifty Below 22,400

Sensex Today Trades Lower; Nifty Below 22,400

Stocks in Asia opened broadly lower Friday as traders reassessed the path forward for interest rates, while equities in Hong Kong braced for further gains on bullish corporate results.Shares in Japan and Australia fell, while futures for Hong Kong pointed to early gains after the Golden Dragon index of US-listed Chinese companies rose 2.5% Thursday […]
Gold Forecast: Struggles At Resistance Barrier

Gold Forecast: Struggles At Resistance Barrier

Gold has pulled back from the crucial $2,400 level during trading on Thursday, which is an area that has been important multiple times. With that being said, I think we are just simply entering some type of consolidation area more than anything else. The $2,400 level above continues to be an area that I’ll be […]
Solana leads as the fastest among large-scale blockchains — CoinGecko

Solana leads as the fastest among large-scale blockchains — CoinGecko

Research from CoinGecko says that Solana is the fastest among large-scale blockchains, with its actual daily average transactions per second (TPS) reaching a record high of 1,504 on April 6, 2023 as the meme coin mania took off. Such a statistic makes Solana roughly 46 times faster than Ethereum, and 5 times faster than Polygon.To […]
Elliott Wave Technical Analysis: U.S. Dollar/Japanese Yen – Friday, May 17

Elliott Wave Technical Analysis: U.S. Dollar/Japanese Yen – Friday, May 17

Image Source: Pixabay  USDJPY Elliott Wave Analysis Trading Lounge Day Chart,      U.S.Dollar/Japanese Yen(USDJPY) Day ChartUSDJPY Elliott Wave Technical Analysis  FUNCTION:  Trend                                              MODE: corrective                         […]
Euro Consolidates After Hitting Channel Resistance

Euro Consolidates After Hitting Channel Resistance

Image Source: PixabayThe EURUSD currency pair has failed to break above the top of the rising price channel visible on the 4-hour chart, pulling back from the 1.0894 high. This price action suggests that a consolidation phase is likely underway within the broader uptrend that originated from the 1.0600 low. Further Pullback Expected  Another leg lower […]
Cocoa Price Forecast: Commodity Expert Sees A 150% Upside

Cocoa Price Forecast: Commodity Expert Sees A 150% Upside

Photo by Alexandre Brondino on Unsplash Cocoa has moved into a deep bear market as it tumbled by over 38% from its YTD high. Pierre Andurand, a well-known commodity trader sees more upside this year. He cited climate change, disease, and the lack of fertilizer in key countries. Cocoa price has tumbled hard recently as some hedge funds unwound […]
Natural Gas Enthusiasts Rejoice: Long-Term Sinewave Continues To Perform

Natural Gas Enthusiasts Rejoice: Long-Term Sinewave Continues To Perform

Image Source: UnsplashI know a lot of folks here are ga-ga over natural gas. I am so delighted to see that its long-term sinewave, which I’ve talked about off and on for the past year, continues to perform.More By This Author:Bearish Bets Amid Market HighsSurprised It’s Not HigherMarkets In The Green: Prospects For New Highs Every Day
China’s April Activity Data Disappointed As Heightened Caution Persists

China’s April Activity Data Disappointed As Heightened Caution Persists

Image Source: Pexels China activity monitor   Retail sales growth fell to a new post-pandemic low  April’s data continued to show a shift away from consumption as a growth driver for 2024. April retail sales growth fell to 2.3% YoY, down from 3.1% YoY in March, bringing the year-to-date growth rate to 4.1% YoY. The largest drag […]
Metals Report For Thursday, May 16

Metals Report For Thursday, May 16

Image Source: PixabayIn this video, Ira Epstein reviews the day’s trading in the gold and other relevant metal markets.Video Length: 00:06:15More By This Author:SPDR ETF Report For Thursday, May 16Financial Markets Report For Thrusday, May 16Metals Report For Wednesday, May 15