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Bitcoin Commentary – Wednesday, May 1

Bitcoin Commentary – Wednesday, May 1

Bitcoin Breaks SupportBitcoin prices have fallen back to their lowest level since February today, with BTC futures breaking down below the 60695 price level which has underpinned the market over recent months. Fears of a hawkish shift from the Fed are amplifying the selling with traders bracing for a firmer Dollar on the back of […]
Forex Today: Stocks Bearish As Markets Await Fed Meeting

Forex Today: Stocks Bearish As Markets Await Fed Meeting

Today’s meeting of the US Federal Reserve is expected to see hawkish rhetoric on the prospect of future rate cuts, with markets now not expecting any cut until November 2024.  Unsplash  The US Federal Reserve will be holding a policy meeting today. There is a near-universal expectation rates will be held, and the Fed will state […]
Coffee Commodity Elliott Wave Technical Analysis

Coffee Commodity Elliott Wave Technical Analysis

Coffee Elliott Wave Analysis  Function – Counter-trend  Mode – Corrective  Structure – Possible Zigzag for B  Position – Wave B of (Y) Direction – Wave B of  (Y) is still in progress Details – Wave B is still in progress. It looks to be in the last leg for a zigzag structure. The decline could continue to […]
May Day Fed Day

May Day Fed Day

Overview: Much of Asia and Europe are off for the May Day labor holiday. The dollar is mostly softer in the thin activity. However, the dollar has edged higher against the yen to approached JPY158. Image via Marc To Market The euro initially fell to $1.0650, a six-day low and where a billion euros in options expire later today. […]
US Federal Reserve Decision Preview: Markets Look For Clues About Interest Rate Cut Timing 
                    
 

US Federal Reserve Decision Preview: Markets Look For Clues About Interest Rate Cut Timing  

The US Federal Reserve (Fed) will announce monetary policy decisions following the April 30 – May 1 policy meeting on Wednesday. Market participants widely anticipate that the US central bank will leave the policy rate unchanged at 5.25%-5.5% for the sixth consecutive meeting. Pexels The CME FedWatch Tool shows that markets see little to no chance of […]
S&P 500 Forecast: Cautious Ahead Of FOMC 
                    
 
Technical Analysis

S&P 500 Forecast: Cautious Ahead Of FOMC   Technical Analysis

Pixabay  The S&P 500 fell somewhat significantly during the trading session on Tuesday, to reach down toward the 50-Day EMA indicator. That being said, the market is probably more or less paying attention to the idea that the FOMC meeting is the next day, and that does make quite a bit of sense that perhaps […]
Bitcoin Price Prediction For May: Here’s What In Store For BTC Price 
                    
 
 

Bitcoin Price Prediction For May: Here’s What In Store For BTC Price    

The recent 5% drop in Bitcoin’s price, pushing it down to $60,000, highlights a significant downturn following a weeks-long decline from its peak near $75,000 in mid-March. Now, Bitcoin faces a double whammy as it breaches a crucial technical support level, potentially signaling further short-term downside.  Pixabay Bitcoin Price to Take a Dip Below $40K? Experts Weigh […]
What Blackstone’s Huge Office Mortgage Write-Off Really Means

What Blackstone’s Huge Office Mortgage Write-Off Really Means

Last week, commercial mortgage REIT Blackstone Mortgage Trust (BXMT) reported first-quarter earnings, and the loan charge-offs are starting to pile up.Pixabay The BXMT results give us a snapshot of the commercial mortgage market, specifically office mortgages.We can also examine the prospects for this finance REIT and its competitors.  BXMT has a $21.1 billion portfolio of 171 senior loans […]
Median Household Income In March 2024

Median Household Income In March 2024

Motio Research reports median household income increased in March 2024. The firm estimates the income earned by a typical American household increased by $906 (+1.2%) from its initial estimate of $77,265 for Febuary 2024.Motio Research’s estimates are based on income data collected by the U.S. Census Bureau as part of its monthly Current Population Survey. The firm adjusts […]
Visualizing Global Gold Production In 2023 
                    
 
 

Visualizing Global Gold Production In 2023    

Over 3,000 tons of gold were produced globally in 2023.In this graphic, we list the world’s leading countries in terms of gold production. These figures come from the latest USGS publication on gold statistics (published January 2024). China, Australia, and Russia Produced the Most Gold in 2023China was the top producer in 2023, responsible for over 12% of total global […]