Category Archive: Finance, No picture
Gold Price Remains On Tenterhooks With Eyes On Fed Policy Decision
Gold price (XAU) trades close to a more than three-week low around $2,285 in Wednesday’s European session. The precious metal weakens as the US Dollar and bond yields strengthen amid firm speculation that the Federal Reserve (Fed) will opt for maintaining a restrictive interest rate environment for a longer period due to inflation remaining persistently higher […]
Forex Today: Stocks Bearish As Markets Await Fed Meeting
Today’s meeting of the US Federal Reserve is expected to see hawkish rhetoric on the prospect of future rate cuts, with markets now not expecting any cut until November 2024. Unsplash The US Federal Reserve will be holding a policy meeting today. There is a near-universal expectation rates will be held, and the Fed will state […]
US Federal Reserve Decision Preview: Markets Look For Clues About Interest Rate Cut Timing
The US Federal Reserve (Fed) will announce monetary policy decisions following the April 30 – May 1 policy meeting on Wednesday. Market participants widely anticipate that the US central bank will leave the policy rate unchanged at 5.25%-5.5% for the sixth consecutive meeting. Pexels The CME FedWatch Tool shows that markets see little to no chance of […]
S&P 500 Forecast: Cautious Ahead Of FOMC Technical Analysis
Pixabay The S&P 500 fell somewhat significantly during the trading session on Tuesday, to reach down toward the 50-Day EMA indicator. That being said, the market is probably more or less paying attention to the idea that the FOMC meeting is the next day, and that does make quite a bit of sense that perhaps […]
Celsius Network burns 94% of CEL token supply after bankruptcy exit
Celsius Network, a previously embattled cryptocurrency lending platform, has burned 652.2 million CEL tokens, representing 94% of the total token supply.The transaction, which took place on April 30, sent the tokens to a null address, effectively removing them from circulation.According to data from Etherscan, the burned tokens were valued at approximately $83.2 million based on […]
Are You Better Off Than You Were Four Years Ago?
Unsplash GDP per capita, consumption per capita, disposable income per capita, unemployment, economic policy uncertainty, VIX, and Misery Index — plus median household income. Figure 1: GDP per capita now (blue), and four years ago (tan), both in bn.Ch.2017$ SAAR. Source: BEA.Figure 2: Consumption per capita now (blue), four years ago (tan), in 2017$ SAAR. Source: BEA.Figure 3: Disposable personal […]
WTI Oil Declines On Rising Inventories And Negotiations Between Israel And Hamas. Rising Unemployment In New Zealand May Force RBNZ To Start Cutting Rates Earlier
At the end of Tuesday, the Dow Jones Index (US30) decreased by 1.49%, while the S&P 500 index (US500) was down 1.57%. The NASDAQ Technology Index (US100) closed negative 2.04% yesterday. Rising labor costs pushed bond yields higher and pressured stocks. The US Employment Cost Index for the first quarter rose more than expected, which is hawkish for Fed policy.The US Federal […]
AUDJPY Forex Elliott Wave Technical Analysis
AUDJPY Elliott Wave Analysis Trading Lounge Day Chart, Unsplash Australian Dollar / Japanese Yen (AUDJPY) Day Chart AUDJPY Elliott Wave Technical Analysis FUNCTION: Counter TrendMODE: impulsive as C STRUCTURE: blue wave 1POSITION: blue wave 1DIRECTION NEXT HIGHER DEGREES: blue wave 2 […]
Market Briefing For Wednesday, May 1, 2024
Equilibrium was lost – when an earnings-based reflex rebound restored S&P to around the 50-Day Moving Average, and then Tuesday simply worked into a more notable sell-off, given an absence-of-bids ahead of the Fed decision. Pexels This is not even about any change in Fed outlooks (you heard all speculation for days if not longer), but is a conflicted scenario […]
Elliott Wave Analysis For Bitcoin, TLT Bonds, US 10 Yr. Yields, USD/ DXY, Gold, Silver, Copper, Uranium, Crude Oil, Natural Gas
Elliott Wave Analysis for Bitcoin, TLT Bonds, US 10 Yr. Yields, USD/ DXY, Gold, Silver, Copper, Uranium, Crude Oil, Natural Gas Commodity Market Elliott Wave Analysis Update: Dollar and Yields are higher and gold, silver, bitcoin, ETH/USD, copper, oil, and gas are lower. We can expect this weakness to continue over the next trading sessions. We […]
