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Daily Market Outlook – Tuesday, March 12

Daily Market Outlook – Tuesday, March 12

Image Source: Unsplash  This morning, most Asian equity markets are on the rise, although Japan and one key index in China are experiencing declines. Bank of Japan Governor Ueda, testifying to parliament, refrained from indicating whether the BoJ will raise interest rates next week, stating that “more data will come this week.” Meanwhile, the New York […]
Boeing Whistleblower Found Dead In A Truck From “Self-Inflicted Gunshot Wound”

Boeing Whistleblower Found Dead In A Truck From “Self-Inflicted Gunshot Wound”

The latest twist in what can only be described as an onslaught of horrific news surrounding Boeing – or perhaps the sequel to the Hudsucker Proxy where a mysterious cabal is trying to spark a stock panic so they can buy the company for pennies on the dollar – came this afternoon when we learned that a […]
CPI Is Crunch Time For The EURUSD

CPI Is Crunch Time For The EURUSD

Image Source: Pexels  On March 12 we have the hotly anticipated US CPI print. So, here’s the outlook on the US CPI report coming up.Markets expect headline CPI to rise around 0.4% in February, and core inflation to go up by about 0.3%. Traders are getting more hawkish on rate hikes after January’s CPI jump, and […]
UK Wage Growth Slows As Jobs Market Cools

UK Wage Growth Slows As Jobs Market Cools

Private sector wage growth has dipped further and will probably reach the 4-4.5% area by early summer. We expect the first Bank of England rate cut in August.PixabayAt the margin, the latest UK jobs report is slightly dovish for the Bank of England. The unemployment rate edged higher to 3.9%, with the usual caveat that […]
US CPI Stands Out On Tuesday Calendar

US CPI Stands Out On Tuesday Calendar

Image source: Pixabay  Things have been relatively quiet as the week gets going. It seems market participants are waiting for some more bite that we’re getting in today’s economic calendar. As things stand, the rates market is pricing in 90 basis points of cuts at the Federal Reserve in 2024.Video Length: 00:00:46More By This Author:Traders Position […]
Montnets Going Overseas

Montnets Going Overseas

Recently, Montnets Technology said, “The Indonesian market is definitely the focus of investment at present, and the next step is Vietnam, Kenya and Nigeria in Africa. Because we mainly serve Chinese companies going overseas, we will go to whichever country has more Chinese companies. We also consider local laws, regulations and local policies, so in […]
Cardano Soars Past $0.780, Eyes $0.8320

Cardano Soars Past $0.780, Eyes $0.8320

 Photo by Executium on Unsplash   Cardano (ADA) sees a notable rise, surpassing the $0.705 resistance. A significant break above a bearish trend line, with price spikes above $0.780. ADA trades above crucial levels, eyeing the next resistances at $0.80 and $0.8320. Support levels to watch: $0.7380 and $0.6880, with potential dips to $0.6280. This week marked a […]
Sticky US Inflation And The Big BOJ Dilemma

Sticky US Inflation And The Big BOJ Dilemma

The dollar has found a bit of support into today’s US CPI data, which we expect to show a still too-hot 0.3% MoM core rate for February. The dollar can build on the release for some further stabilization. Meanwhile, BoJ headlines continue to move the yen. A March hike is under consideration, and Friday’s wage […]
S&P 500 Remains Bullish

S&P 500 Remains Bullish

PixabaySPX Monitoring purposes; Long SPX 3/8/24 at 5123.69.Our Gain 1/1/23 to 12/31/23 SPX= 28.12%; SPX gain 23.38%Monitoring purposes Gold:  Long GDX on 10/9/20 at 40.78.   Our gain for 2023 came in at 28.12% and SPX gain for 2023 came in at 23.38.  We made 8 SPX trades with one loss and 7 wins in 2023. This week […]
Market Briefing For Tuesday, March 12, 2024

Market Briefing For Tuesday, March 12, 2024

‘Immaculate Rotation’ – is a term heard these days to despite the market, as it muddles through mild consolidation, more than an (overdue full correction) that isn’t required in many areas that have not move significantly as of yet.PixabayThere are leveraged players overplaying some of the big stocks, while minor rotation has lifted the slightly secondary […]