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Sensex Today Rallies 540 Points; Hitachi Energy Surges 11%

Sensex Today Rallies 540 Points; Hitachi Energy Surges 11%

After opening the day on a positive note, Indian share markets gained momentum as the session progressed and ended on a firm footing.The Nifty 50 and the Sensex, key indices of the Indian stock market, opened on a positive note and surged by over 1%. The majority of components within these indices showed gains, reflecting […]
The United States Enters Into Stagflation: Gold Breaks New Records

The United States Enters Into Stagflation: Gold Breaks New Records

The new wave of inflation that we have been deciphering in our articles over the past few weeks has not been accompanied this time by a marked improvement in the US economy.The latest retail sales figures are disappointing. Whereas the first wave of inflation was accompanied by a surge in retail sales, the current figures […]
Continuing Jobless Claims Revised Down For 20th Straight Week

Continuing Jobless Claims Revised Down For 20th Straight Week

As a reminder, in the real world labor market, 2024 has been a shitshow of layoffs… 1. Everybuddy: 100% of workforce 2. Wisense: 100% of workforce 3. CodeSee: 100% of workforce 4. Twig: 100% of workforce 5. Twitch: 35% of workforce 6. Roomba: 31% of workforce 7. Bumble: 30% of workforce 8. Farfetch: 25% of workforce […]
Ethereum, Is The Pullback Over?

Ethereum, Is The Pullback Over?

Ethereum bulls are trying hard to stay above the $3500 round number, catalyzing the Fed’s dovish commentary.Yesterday Fed decided to leave the interest rates intact at 5.25%-5.5% while maintaining their plan for three interest rates cuts in 2024 (four cuts were planned in December 2023, based on the median forecast).Fed’s Chairman Jerome Powell indicated that […]
USDJPY Retreats: Uptrend Taking A Breather Or Shifting Gears?

USDJPY Retreats: Uptrend Taking A Breather Or Shifting Gears?

USDJPY has encountered a hurdle after a strong surge, dipping from its recent high. This analysis examines the technical situation and explores potential scenarios for the currency pair. Bulls Meet Resistance: Pullback from Highs: USDJPY has seen a correction, pulling back from a high of 151.81 to reach as low as 150.26.   Support in Sight: […]
Gold Analysis: Record Highs Amid US Rate Cut Signals

Gold Analysis: Record Highs Amid US Rate Cut Signals

The easing of signals for future US interest rate hikes and the subsequent decline in the US dollar were a strong catalyst for gold prices to move towards new record levels. It reached the resistance level of $2222 per ounce, the highest ever, before stabilizing around $2203 per ounce at the start of Thursday’s trading […]
BoE, Federal Reserve Keep Interest Rates Steady Amid Inflation Watch

BoE, Federal Reserve Keep Interest Rates Steady Amid Inflation Watch

Image Source: Pexels  After today’s announcement by the Bank of England to hold key rates steady, both the BoE and the Federal Reserve have decided to maintain their current rates, with the BoE holding steady at 5.25% and the Fed keeping its benchmark rate in the range of 5.25% to 5.5%. This decision comes as both central […]
EUR/USD Plunges Following Fed’s Decision On Interest Rate Cuts

EUR/USD Plunges Following Fed’s Decision On Interest Rate Cuts

Image Source: Pixabay  The EUR/USD pair soared to a weekly high of 1.0933 on Thursday following the Federal Reserve System’s announcement of three interest rate cuts planned for 2024. These adjustments will reduce borrowing costs by 75 basis points.The interest rate remains at 5.5% annually, its highest in 23 years, and has been unchanged for five […]
Fed Dot Plot Projections Point To Stronger Growth And Rate Cuts

Fed Dot Plot Projections Point To Stronger Growth And Rate Cuts

The last release of the Fed’s quarterly Summary of Economic Projections, aka dot plots, was in December. At the time, the median 2024 GDP projection of the 19 Fed members was a relatively slow 1.4% growth. Further, they expected PCE prices to decline to 2.4% by year-end. Both estimates were slightly lower than their September […]
S&P 500’s Post-Fed Rally – Will It Last?

S&P 500’s Post-Fed Rally – Will It Last?

Stock prices reached new record highs, but is there any gas left?Yesterday’s FOMC Rate Decision release has been a game-changer for the stock market, at least for the short-term. The S&P 500 index has reached a new record high at the level of 5,226.19, gaining 0.89% and breaking a two-week-long trading range.This morning, the S&P […]