September 2024 - Page 84 of 200 -

US Markets React To Aggressive 50bps Fed Rate Cut As Powell Signals Caution On Further Easing

Sep 19, 2024 Jeremy Parkinson Finance 0

It looks like the market is digesting the Fed’s aggressive 50 bps rate cut, which marks a bold start to its easing cycle. The initial rally in the major averages, followed by a pullback, shows that while the rate cut was largely welcomed, investors are now grappling with Fed Chair Powell’s message that further cuts […]

Corn Commodity Elliott Wave Technical Analysis – Thursday, September 19

Sep 19, 2024 Jeremy Parkinson Finance 0

Corn Elliott Wave AnalysisCorn prices have experienced a notable rebound, rising approximately 14% since the late August 2024 low. This upward movement serves as a corrective phase against the broader decline that began in May 2024. While the short-term outlook suggests further upside potential, the medium-term analysis leans towards a bearish continuation, with prices expected to settle […]

Brinker International (EAT) Stock: A Classic Volatility Contraction Pattern (VCP)?

Sep 19, 2024 Jeremy Parkinson Finance 0

Image Source: DepositPhotosBrinker International (EAT) is showing signs of a classic technical setup that could lead to a strong breakout. The stock has had a strong rally followed by a period of choppy movement. What’s particularly noteworthy is the contraction of volatility—an important signal that often precedes significant price moves.In the first phase of the chart, […]

Why The Bank Of England Won’t Diverge From The Fed For Long

Sep 19, 2024 Jeremy Parkinson Finance, No picture 0

The Bank of England may have got a head-start on the Federal Reserve, but the tone from UK policymakers is still much more cautious. Later this year, however, we think the Bank will be more confident in the inflation outlook and will be content with accelerating the pace of cuts. The BoE is much more cautious […]

Polymarket users outperform economists in predicting US rate cuts

Sep 19, 2024 Jeremy Parkinson Cryptocurrency, No picture 0

Key Takeaways 54% of Polymarket users correctly predicted the 50 bps Fed rate cut, outperforming 92% of economists. The crypto market value grew by 3.7% following the rate cut, while equities markets closed negatively. Share this article The majority of economists’ forecasts for the Fed interest rate decision on Sept. 18 were wrong, with 105 […]

Stocks Higher, Dollar Lower: Post-Fed

Sep 19, 2024 Jeremy Parkinson Finance, No picture 0

The Federal Reserve’s 50 bp rate cut has made for a volatile 15 hours or so in the foreign exchange market. As North American traders return to their posts, the greenback is heavy. They will find that only the yen and Russian ruble are softer. Norway delivered a hawkish hold, and the krone leads the […]

NextEra Energy Inc Stocks Elliott Wave Technical Analysis – Thursday, September 19

Sep 19, 2024 Jeremy Parkinson Finance 0

NEE Elliott Wave Analysis Trading Lounge Daily Chart,NextEra Energy Inc.,(NEE) Daily Chart NEE Elliott Wave Technical AnalysisFUNCTION: Trend MODE: Impulsive STRUCTURE: Motive POSITION: Wave 5 of (1). DIRECTION: Upside in 5. DETAILS: Looking for upside into wave 5 in what appears to be a post triangle thrust. Looking for 100$ to be the next TradingLevels to be reached. NEE Elliott Wave Analysis Trading Lounge 1H Chart,NextEra Energy Inc.,(NEE) 1H Chart NEE Elliott Wave Technical AnalysisFUNCTION: Trend MODE: Impulsive STRUCTURE: Motive POSITION: Wave (iv) of {iii}- DIRECTION: Upside in […]

Coca-Cola Co Weekly Bullish Sequence

Sep 19, 2024 Jeremy Parkinson Finance 0

Coca-Cola Co (KO) started a new bullish cycle on October 2023. As discussed in our previous article, the stock rallied from our blue box area after ending a corrective double three structure. The impulsive rally suggested the start of wave III to the upside and this year KO managed to break above 2022 into new all time […]

The US Fed Surprised The Market With A Sharp Rate Cut. Australia’s Labor Market Remains Resilient

Sep 19, 2024 Jeremy Parkinson Finance, No picture 0

Stocks rallied first on Wednesday afternoon, with the S&P 500 (US500) and Dow Jones (US30) rising to new record highs and the NASDAQ (US100) rising to a 3-week-high. The FOMC’s decision on Wednesday to cut the target range for the federal funds rate by 50 bps and project another 50 bps rate cut before the […]

SP500 Daily Trade Plan – Thursday, September 19

Sep 19, 2024 Jeremy Parkinson Finance, No picture 0

In this update we review the recent price action in the emini SP500 futures contract and identify a trading plan for the session ahead and price objectives to target.Video Length: 00:02:13More By This Author:FTSE Investors Cautious As Fed Decision On Deck Ahead Of BoE BTCUSD Critical Levels Into The FOMC FTSE Prints Two Week Highs […]