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SPY Reversed – What Now

SPY Reversed – What Now

S&P 500 couldn‘t make it above 4,825, and tanked – the two intraday rips failed at Dec 29 intraday lows of 4,797 – but swing trading profits were in for the clients already then for a total of +222 pts delivered during Dec, which brings the portfolio equity curve again nicely up (check all the explanations in the tweet […]
Turkish Inflation Rises In December

Turkish Inflation Rises In December

Image source: Pixabay  Turkey’s annual inflation rose as expected in December, ending 2023 at 65.7%. It’s likely to remain elevated in the near term due to wage adjustments – particularly to the minimum wage – as well as slower normalisation in domestic demand and hikes in administrative pricesTurkey’s monthly inflation came in slightly below of consensus at 2.93% month-on-month, with […]
EUR/USD: Will The Dollar Resume Lower With Key Data On Tap?

EUR/USD: Will The Dollar Resume Lower With Key Data On Tap?

Image Source: Pixabay  The EURUSD’s sluggish start to the year continued in the first half of Wednesday’s session, with investors showing preference to the US dollar ahead of key data releases from the world’s largest economy. The EURUSD has also been hurt by a poor start to the year for equities, with major indices extending their […]
Why There Could Be More Bank Failures In The U.S. In 2024

Why There Could Be More Bank Failures In The U.S. In 2024

Image Source: Pixabay  In 2023, there were a few regional bank failures in the U.S. This took investors by surprise, which led them to flee bank stocks in a panic.Here’s something worrisome: more bank failures could follow in 2024. It’s hard to see the worst as being behind us.At the moment, no one seems to be […]
BTC Dips 5.6% To $42.5k After Analyst Comments On ETF Approval In January

BTC Dips 5.6% To $42.5k After Analyst Comments On ETF Approval In January

Image Source: Unsplash  Bitcoin fell more than 5.5% on Wednesday after a crypto financial service provider said the US SEC will likely reject all spot ETF proposals in January.Cryptocurrency financial services firm Matrixport said in a new research report that the U.S. Securities and Exchange Commission (SEC) will likely reject all spot Bitcoin exchange-traded fund (ETF) […]
S&P 500 Forecast: Sees The 4800 Level As A Major Barrier 
                    
 

S&P 500 Forecast: Sees The 4800 Level As A Major Barrier  

Freepik The S&P 500 displayed an initial attempt at an overnight rally during Tuesday’s electronic trading, but this endeavor ultimately crumbled. The absence of the Santa Claus rally, which usually propels the market higher, contributes to the current situation. In light of these circumstances, a return to gravity seems plausible. The 4,700 level beneath may […]
Nasdaq 100 Forecast: Stocks Extend Losses Ahead Of FOMC Minutes

Nasdaq 100 Forecast: Stocks Extend Losses Ahead Of FOMC Minutes

Image Source: Pexels  US futuresDow futures -0.36% at 37584S&P futures -0.4% at 4724Nasdaq futures -0.58% at 16449In EuropeFTSE -0.59% at 7667Dax -1% at 16590 Investors rein in Fed cut bets ahead of data ISM manufacturing, job openings & FOMC minutes are due Apple falls further on iPhone worries Oil rises from a 3-week low    Investors […]
Fed Minutes Preview – Wednesday, Jan. 3

Fed Minutes Preview – Wednesday, Jan. 3

Image Source: Pixabay  Later today, we’ll get some more insight into the Fed’s December decision which shook things up in a big way after the central bank seemingly bent to the will of the market, moving back to the dovish side, signaling rate cuts over the coming months.Video Length: 00:01:06More By This Author:The Downside To Lower […]
One-Week U-Turn

One-Week U-Turn

Good morning, everybody.FreepikIt looks like we’re heading for a second red day (hopefully) as every single asset class has done a perfect U-turn over the past week. The end-of-year exuberance has perhaps morphed into a dawning realization that things maybe aren’t so peachy..Stocks are down. Bonds are done. Even precious metals. All these over-inflated prices […]
Holiday Moves Continue To Be Unwound

Holiday Moves Continue To Be Unwound

Image Source: Pixabay  Overview: The dollar is firm. Rates are mostly higher and equities are lower. The moves scored in the holiday-thin markets at the end of last year are being unwound. This does not appear complete yet. Geopolitical tensions remain high but do not seem to be having a direct market influence as both gold and […]