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Watch Dow Jones Industrial Average Rejection At Resistance

Watch Dow Jones Industrial Average Rejection At Resistance

Image Source: PixabaySince returning from holidays it has been a straight forward series of gains for markets. The index that had made the most progress is the Dow Jones Industrial Average ($INDU). Today’s action had suggested a potential breakout, but it got pegged back by the close with the Dow finishing on an inverse hammer at […]
The Bulls In The Stock Market Shouldn’t Feel Like Winners Yet

The Bulls In The Stock Market Shouldn’t Feel Like Winners Yet

Image Source: PixabayIn the long term, the stock markets are dominated by fundamental developments. In the short term, however, sentiment has a greater influence. And in the last four weeks, these sentiments have reached extreme levels on both sides…The General Sentiment Indicator with the Short Term Inputs reached typical lows at the beginning of the month, […]
Here’s The Script The Fed’s Jackson Hole Statement Really Flipped

Here’s The Script The Fed’s Jackson Hole Statement Really Flipped

Image Source: UnsplashIt was cute to watch Chairman Powell speak at a luxurious resort at Jackson Hole, on the edge of the old Frontier.To his credit, he addressed the root causes of inflation – spending and monetization… but then he laughed off the notion that they got the “transitory” part wrong. It’s easy for those in […]
Nvidia In Focus As A Macro Date With Destiny Approaches

Nvidia In Focus As A Macro Date With Destiny Approaches

Image Source: UnsplashMARKETSThe Dow Jones Industrial Average hit an all-time high on Monday, even as the tech behemoths decided to take a breather, leaving U.S. stock indexes with a mixed finish. The S&P 500 slipped 0.3%, flirting with its July record, just 0.9% away. Meanwhile, the Nasdaq took a 0.9% stumble, dragged down by the usual […]
Australian Dollar Declines On USD Recovery, Outlook Bright

Australian Dollar Declines On USD Recovery, Outlook Bright

Image Source: Unsplash AUD/USD declines amidst rising risk-off sentiment. China’s PBOC keeps its 1-year MLF rate steady at 2.30%, which failed to trigger movements on the AUD. The RBA’s hawkish stance supports the Australian Dollar. The AUD/USD declined by 0.30% to 0.6775 in Monday’s session as the Australian Dollar (AUD) edged lower despite hovering around a seven-month high […]
Gold Price Uptrend Set To Extends Above $2,500 As Fed Rate Cut Looms

Gold Price Uptrend Set To Extends Above $2,500 As Fed Rate Cut Looms

Image Source: Pixabay Gold rises post-Powell’s Jackson Hole comments on potential September policy easing. Powell cites inflation control, labor market concerns; Daly echoes rate cut expectations. US Durable Goods Orders jump 9.9% in July, showing economic strength; Middle East tensions boost Gold’s appeal. US 10-year yields reach 3.81%; traders scale back on 50 bps cut bets, […]
Canadian Dollar Rises On Monday As Markets Recover Footing

Canadian Dollar Rises On Monday As Markets Recover Footing

Photo by Michelle Spollen on Unsplash The Canadian Dollar rose another quarter percent against the Greenback. Canada has a fresh GDP update looming ahead later in the week. Markets are recovering their composure after a Fed splurge last week. The Canadian Dollar (CAD) is broadly higher on Monday, kicking off the new trading week with an across-the-board recovery […]
Nvidia Earnings: What You Should Know

Nvidia Earnings: What You Should Know

Image Source: PixabayEarnings season is nearing its end, with the vast majority of S&P 500 members already delivering quarterly results. The Q2 cycle has overall been resilient, underpinned by a strong showing from Tech, with the same expected for the current period (Q3).Still, we’ve got the most important release of the Q2 cycle on deck for […]
Dow Hits Record High But Nasdaq Dumps As Oil & Gold Jump

Dow Hits Record High But Nasdaq Dumps As Oil & Gold Jump

Image Source: PixabayAmid the doldrums of summer liquidity, today saw some give back from Friday’s euphoric response to Jay Powell’s latest flip-flop.Rate-cut expectations declined (most notably focused on a shift from 2024 to 2025)…Source: BloombergStocks – broadly-speaking – did not love it and gave some back with the Nasdaq the biggest loser (and S&P dragged down by […]
Stocks Drop As Market Waits For Nvidia’s Results

Stocks Drop As Market Waits For Nvidia’s Results

Image Source: PixabayIt was a quiet day, with the S&P 500 down about 30 bps and the Nasdaq 100 down around 1%. The market seems to be in a holding pattern, and we are waiting for Nvidia (NVDA) to report its results on Wednesday afternoon. The stock’s implied volatility for $130 calls expiring on August 30 […]