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New Questions Emerge On Prospects For A June Rate Cut

New Questions Emerge On Prospects For A June Rate Cut

Forecasts that the Federal Reserve will start cutting interest rates in June took another hit after Monday’s relatively firm manufacturing-survey data for March. Markets are still pricing in moderate odds that easing will start at the end of the second quarter, but the incoming data is providing more support for again pushing the date for a dovish […]
Sensex Today Ends 27 Points Lower; Smallcap Stocks Rally

Sensex Today Ends 27 Points Lower; Smallcap Stocks Rally

After opening the day flat, Indian share markets pared some losses as the session progressed and ended the day muted.Benchmark indices were listless on Wednesday moving in a narrow range on either side of the flatline as investors looked for cues.At the closing bell, the BSE Sensex stood lower by 27 points.Meanwhile, the NSE Nifty closed lower by 7 […]
Bitcoin To Recover Above The 21-Period SMA?

Bitcoin To Recover Above The 21-Period SMA?

Bitcoin bulls have managed to post a moderate rebound after suffering a loss on the higher-than-expected ISM manufacturing PMI (50.3 vs 48.4 expected) has tumbled the investors’ appetite for riskier assets.BTC is now trading in between 21-period (key resistance level) and 50-period SMA, with the latter set to provide support if the Bitcoin bears try […]
Elliott Wave Analysis: GX Uranium

Elliott Wave Analysis: GX Uranium

Image Source: Pixabay  GX Uranium Elliott Wave AnalysisFunction – Counter trendMode – CorrectiveStructure – Emerging FlatPosition – Red wave (B) of blue 4 Direction – Red wave (C) should beginDetails – Wave (B) hits above $30. Price could reach 30.80-31.39 before completing wave (B). We will have to see a sharp return below 30 to confirm the start of wave (C)The GX Uranium ETF (URA) has been on a […]
Rate Adjustment Underpins Greenback

Rate Adjustment Underpins Greenback

Image Source: Pexels  Overview: The adjustment to US interest rates continues and this helps underpin the US dollar. The 10-year yield rose to 4.40% yesterday, the highest it has been since last November. It is trading 4.34%-4.38% today. The two-year yield is firm though holding below the Q1 high set last month near 4.75%. This week, for […]
S&P 500 Retreated From All-Time High: Is It Just A Correction?

S&P 500 Retreated From All-Time High: Is It Just A Correction?

Does yesterday’s decline in stock prices signal the beginning of a new downtrend?Stocks prices went down on Tuesday as some more pronounced profit-taking action occurred after a relatively flat Monday. The S&P 500 index lost 0.72% yesterday, closing slightly above the 5,200 level. On Friday, it reached a new record high of 5,264.85, and on […]
Hot Data Equals Less Cuts

Hot Data Equals Less Cuts

S&P 500 couldn‘t at least keep sideways on JOLTS coming in line with expectations, offering good intraday shorting without whipsaw. As per yesterday‘s lengthy article on trading and investing success in different asset classes and market environments, now with a lower low S&P 500 made, odds are stocks won‘t find very sound footing today just yet – especially given […]
Credit Stress Is Brewing As Market Complacency Rises

Credit Stress Is Brewing As Market Complacency Rises

Typically, credit spreads and yields on junk bonds align with credit stress and anticipated stress in the credit markets. Today, however, an aura of complacency reigns over the junk bond market as credit stress for junk-rated companies increases. The top graph, entitled Credit Stress is Building, courtesy of Bloomberg shows that defaults on junk-rated bank […]
ADP Employment Report Shows Wage-Growth Explode Higher In March

ADP Employment Report Shows Wage-Growth Explode Higher In March

Expectations were for a small increase in jobs added MoM in today’s ADP Employment Report, but instead we saw a sizable jump from +155k to +184k jobs added in March – the highest since July…Source: BloombergAlmost all cohorts were positive…Job gains in Services once again dominated Goods-Producing firms, but both saw increases in March…“March was […]
Gold Price Refreshes All-Time Highs Below $2,300 As Geopolitical Tensions Escalate

Gold Price Refreshes All-Time Highs Below $2,300 As Geopolitical Tensions Escalate

 Image Source: Pixabay   Gold price rises further to $2,290 as investors ignore higher bond yields. Fed policymakers see no urgency for rate cuts. Investors await the US ADP Employment Change, Services PMI, and Fed Powell’s speech. Gold price (XAU/USD) falls after refreshing all-time highs near $2,290 in Wednesday’s European session on multiple tailwinds. The near-term […]