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S&P 500 Falls Short Of Reaching New High As 2023 Ends And 2024 Begins

S&P 500 Falls Short Of Reaching New High As 2023 Ends And 2024 Begins

The S&P 500 (Index: SPX) came close to reaching and surpassing its two-year-old record high of 4,796.56 from 3 January 2022 in the final weeks of 2023. Alas, the index fell short and closed out 2023 at 4,769.83, just 0.56% shy of setting a new record.That’s close enough for the S&P 500 to reach a new high […]
Gold Price Advances On Persistently High Rate-Cut Bets 
                    
Daily Digest Market Movers: Gold price moves higher on Fed’s rate cut bets

Gold Price Advances On Persistently High Rate-Cut Bets Daily Digest Market Movers: Gold price moves higher on Fed’s rate cut bets

Image Source: DepositPhotosGold price (XAU/USD) kicks-off the 2024 year on a promising note, demonstrating a firm-footing on Tuesday amid prospects of a reduction in interest rates by the Federal Reserve (Fed) starting in March. Factors that are boosting rate-cut hopes are significant progress in the underlying inflation declining towards 2% and easing labour market conditions due to […]
Why We Are Not Going Into A 1970s Type Of Inflation

Why We Are Not Going Into A 1970s Type Of Inflation

Image source: Pixabay  For quite a while there, you couldn’t go long without hearing about how the 2020s were about to repeat the 1970s. That was never any real risk, but why? What is inflation? Where does it come from (spoiler: not the Fed)? Most important of all, how can we tell? The answer to all […]
These 6 AI Category Performances Ranged From +167% To -3.7% In 2023

These 6 AI Category Performances Ranged From +167% To -3.7% In 2023

Image Source: Unsplash  If you are a regular reader of my articles you are aware that I track the performances of 6 AI categories on a weekly basis and have just had my 2023 summary articles published on TalkMarkets. If you have not been doing so, below are links to those categories as tracked in munKNEE’s […]
BTC/USD Forex Signal: The January Effect Starts

BTC/USD Forex Signal: The January Effect Starts

The BTC/USD pair has been crawling back in the past few days after bottoming at 41,300 on Saturday.  Bullish view Buy the BTC/USD pair and set a take-profit at 46,500. Add a stop-loss at 44,500.. Timeline: 1-2 days.  Bearish view Set a sell-stop at 45,000 and a take-profit at 44,000. Add a stop-loss at 46,500. Bitcoin price made […]
Sensex Today Trades Lower; M&M, L&T Top Losers

Sensex Today Trades Lower; M&M, L&T Top Losers

Asian shares were mostly on the backfoot on Tuesday, marking their first session of the new year, following the cuts in the US stocks on Friday as euphoria over rate cuts by the US Fed faded away.US Stock markets observed a public holiday on Monday on the account of the new year.Here’s a table showing […]
GBP/USD Price Analysis: Grapples To Recover Recent Losses, Trades Near 1.2730

GBP/USD Price Analysis: Grapples To Recover Recent Losses, Trades Near 1.2730

GBP/USD seems to hold its position above 1.2730 on the hawkish stance of BoE. MACD suggests a transition to a bearish market sentiment. A breach below 1.2700 could push the pair toward the 23.6% Fibonacci retracement at 1.2643. GBP/USD looks to halt a two-day losing streak, trading slightly higher near 1.2730 during the Asian hours […]
A Round Of Profit Taking As New Year Gets Going

A Round Of Profit Taking As New Year Gets Going

Image Source: Pixabay  As the new week and the new year gets going, we’re seeing a wave of profit taking kick in. This shouldn’t come as any surprise after the US Dollar had been aggressively sold and US equities aggressively bid in December.Video Length: 00:01:03More By This Author:US Dollar Closes 2023 On The Back Foot Former […]
What Is Going On In Mexico?

What Is Going On In Mexico?

Because your own strength is unequal to the task, do not assume that it is beyond the powers of man; but if anything is within the powers and province of man, believe that it is within your own compass also. ~ Marcus Aurelius FreepikIn this week’s Dirty Dozen [CHART PACK] we go over the 2023 leaders and losers, look […]
AUD/USD Forex Signal: Stuck In A Range As China Woes Mount 
                    
Bearish view

AUD/USD Forex Signal: Stuck In A Range As China Woes Mount Bearish view

Image Source: PixabayThe pair remains slightly above the 50-period moving average and the Woodie pivot point. Bullish view Buy the AUD/USD pair and set a take-profit at 0.6870. Add a stop-loss at 0.6700. Timeline: 1-2 days. Bearish view Set a sell-stop at 0.6800 and a take-profit at 0.6700. Add a stop-loss at 0.6875. The Australian dollar pulled back slightly on Tuesday […]