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U.S. Recession Odds Fall With Fed Rate Cut, But Are Still Elevated

U.S. Recession Odds Fall With Fed Rate Cut, But Are Still Elevated

As expected, the probability of a U.S. economic recession began to diminish rapidly after the Federal Reserve implemented a half-point rate cut at its mid-September 2024 meetings.The change follows the recession odds setting a “triple-top” pattern, in which the probability of recession peaked for the third time after breaching a 70% threshold. The probability of recession […]
Natural Gas Forecast: Natural Gas Pulls Back On Tuesday 
                    
Energy and its Meaning

Natural Gas Forecast: Natural Gas Pulls Back On Tuesday Energy and its Meaning

When you look at the Tuesday session, we initially did try to rally, but we gave back those gains to test the $2.85 level. I think this is a situation where market participants will look at that massive candlestick from the Monday session and realized there is still a lot of bullish pressure underneath. After […]
EURUSD Reverses Course: Bulls Retreat As Key Support Breaks

EURUSD Reverses Course: Bulls Retreat As Key Support Breaks

The EURUSD pair has recently experienced a significant shift in momentum, marking an end to its impressive rally from 1.0761 to a peak of 1.0936. This upward move, which had been the focus of much market attention, appears to have run its course.In a sudden turn of events, the pair has retreated sharply from its […]
FX Daily: Markets Call A Republican Clean Sweep

FX Daily: Markets Call A Republican Clean Sweep

Image Source: Unsplash  Trump trades have boosted the dollar across the board as consensus rapidly grows around a Trump win. Markets are pricing in – even if potentially not in full – that the Republicans will also control Congress, but the House race remains very close. The call on the House will likely determine how far the dollar […]
Elliott Wave Technical Analysis: Neo Crypto Price News – Wednesday, Nov. 6

Elliott Wave Technical Analysis: Neo Crypto Price News – Wednesday, Nov. 6

Elliott Wave Analysis TradingLoungeNEO/ U.S. dollar(NEOUSD)NEOUSD Elliott Wave Technical AnalysisFunction: Counter TrendMode: CorrectiveStructure: FlatPosition: Wave (2)Direction Next higher Degrees: Wave ((2)) of ImpulseWave Cancel invalid Level:Details:Wave 2 is likely to end and price is rising in wave 3.NEO/ U.S. dollar(NEOUSD)Trading Strategy:The correction in wave 2 seems to be over so we focus on the five-wave rally of wave 3 […]
Bitcoin price hits new all-time high of $74,900

Bitcoin price hits new all-time high of $74,900

Key Takeaways Bitcoin reached a new all-time high of $74,978, surpassing its previous record. China’s fiscal stimulus and US election outcomes are influencing the crypto market. Share this article Bitcoin reached a new all-time high of $74,978 according to CoinGecko data, surpassing its previous record of $73,777, before settling at $74,518.Google search interest for Bitcoin […]
Elizabeth Warren secures third term, defeats crypto advocate John Deaton in Massachusetts

Elizabeth Warren secures third term, defeats crypto advocate John Deaton in Massachusetts

Key Takeaways Elizabeth Warren won her third term in the Massachusetts Senate race against crypto advocate John Deaton. Warren has been a vocal critic of the crypto industry and championed increased regulation and anti-money laundering legislation. Share this article Sen. Elizabeth Warren won re-election to a third consecutive term in the Massachusetts Senate race, defeating […]
Central Bank Gold Demand Rebounded In September

Central Bank Gold Demand Rebounded In September

Image Source: Unsplash After slowing in August, central bank gold buying rebounded in September.On net, central banks globally added 40 tons of gold to their reserves. This compares to an 8-ton increase in global central bank gold holdings in August, according to the latest data compiled by the World Gold Council.Total central bank gold reserves increased […]
Housing: Supply Chasing Demand

Housing: Supply Chasing Demand

To explain the high and rising price of housing, the standard economic intuition is that growth in supply isn’t keeping up with growth in demand. One piece of evidence supporting this intuition is the “vacancy rate”–that is, what share of owner-occupied housing or rental housing is empty?Here are a couple of figures from the ever-useful […]
Everyday Price Inflation At 0.3% Y/Y?

Everyday Price Inflation At 0.3% Y/Y?

Versus 2.4% for the CPI (in logs). Lots of people think the government’s statistics understates the true inflation rate. It used to be John Williamson at ShadowStats. Now it’s EJ Antoni at Heritage Foundation (who touts the use of Primerica’s everyday price index). But the American Institute for Economic Research’s “Everyday Price Index” (EPI) says […]