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Why We Think The Federal Reserve Will Hold Out For A September Rate Cut

Why We Think The Federal Reserve Will Hold Out For A September Rate Cut

Image Source: Pexels  With favorable economic data providing officials with greater confidence that US inflation is moving steadily along the right path, we think that Wednesday’s FOMC meeting should offer a clearer hint that the Federal Reserve’s next move will be an interest rate cut.Video Length: 00:01:21 Why we think the Federal Reserve will hold out for a September rate cut […]
USD/CHF Price Analysis: Jumps To Near 0.8850 As US Dollar Advances

USD/CHF Price Analysis: Jumps To Near 0.8850 As US Dollar Advances

USD/CHF moves higher to near 0.8850 as the US Dollar posts a fresh two-week high. The Fed is expected to begin reducing interest rates in September. USD/CHF trades in a Falling Channel chart pattern. The USD/CHF pair climbs to near 0.8850 in Monday’s New York session. The Swiss Franc asset gains as the US Dollar (USD) […]
Gold Analysis: Uptrend May Return Quickly

Gold Analysis: Uptrend May Return Quickly

By the end of last week’s trading, the price of gold (GLD) rose to $2,390 per ounce before closing at $2,388 per ounce.  depositphotos  Furthermore, this represented a 1% decrease from the previous session as markets continued to analyze the latest economic data for clues regarding the Federal Reserve’s policy outlook.    Both the monthly headline […]
Focus On Fed Decision And US Tech Earnings

Focus On Fed Decision And US Tech Earnings

Image source: Pixabay  As the week gets going, we’re pretty much staring at a market in the same position we were in to close out the previous week. Risk appetite has picked up, commodities are trying to find a bottom, and currencies are doing their best to bounce after a healthy period of US Dollar demand.Video […]
Ethereum ETF launch propels crypto fund inflows to record $20.5 billion

Ethereum ETF launch propels crypto fund inflows to record $20.5 billion

Key Takeaways New Ethereum ETFs attracted $2.2bn in inflows, while Grayscale’s trust saw $1.5bn in outflows. Digital asset investment products reached $99.1bn in total assets under management. Spot Ethereum exchange-traded funds (ETFs) started trading in the US market last week, attracting $2.2 billion in inflows, but faced selling pressure from incumbent products. As reported by […]
Ethereum ETFs Attract $2.2B Inflows: CoinShares

Ethereum ETFs Attract $2.2B Inflows: CoinShares

According to the latest CoinShares report, the newly issued spot Ethereum ETFs have pulled up a significant $2.2 billion in inflows alongside a 542% hike in ETH (ETH-X) exchange-traded products.depositphotos The new inflows milestone was tempered by $285 million in overall net outflows from Grayscale’s $1.5 billion Ethereum trust. Alongside ETH developments, Bitcoin (BITCOMP) also has […]
BTC/USD Forecast: Strong But Stretched

BTC/USD Forecast: Strong But Stretched

If we can break above the $68,000 level, then I think it’s likely that the market could go looking to the $73,000 level. Pullbacks at this point in time will continue to pay close attention to the 50 day EMA that we had bounce from. But even after that, we have the 38.2% Fibonacci retracement […]
USD/CAD Forecast: Bullish Momentum Continues On Dovish BoC

USD/CAD Forecast: Bullish Momentum Continues On Dovish BoC

The USD/CAD forecast shows a solid uptrend as the Canadian dollar extends declines, driven by increased expectations for BoC rate cuts. Additionally, the loonie remains weak due to falling oil prices.The Canadian dollar had a bearish week after the Bank of Canada implemented its second rate cut on Wednesday. Moreover, the central bank indicated that […]
Unlocking ASX Trading Success: Woolworths Group Limited – Monday, July 29

Unlocking ASX Trading Success: Woolworths Group Limited – Monday, July 29

Image Source: Unsplash  ASX: WOOLWORTHS GROUP LIMITED – WOW Elliott Wave Technical AnalysisTradingLounge (1D Chart)Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with WOOLWORTHS GROUP LIMITED – WOW. We see WOW.ASX potentially pushing lower in the short term.ASX: WOOLWORTHS GROUP LIMITED – WOW Elliott Wave Technical Analysis ASX: WOOLWORTHS GROUP LIMITED – WOW 1D Chart (Semilog […]
Market Blast – July 29, 2024

Market Blast – July 29, 2024

The FuseEquity futures are rallying this morning, trying to follow through on Friday’s sharp up move. With so much volatility in the markets right now we are neither overbought or oversold any longer, but that could change with a strong move in either direction. End of month is nigh and that might spur some late […]