Sensex Today Tanks 502 Points; Nifty Ends Below 23,200
After starting the day on a negative note, the benchmarks dragged further as the session progressed and ended the day on a weak note.Benchmark equity indices, BSE Sensex and NSE Nifty50, ended the Wednesday session in negative territory.At the closing bell, the BSE Sensex stood lower by 502 points (down 0.6%).Meanwhile, the NSE Nifty closed lower by 137 points […]
Cisco Systems Inc: Chart Analysis
Image Source: Pixabay Good morning everybody. Time for our chart of the week, and this week we’re gonna focus in on a big tech name – one of the former four horsemen – Cisco Systems; CSCO is the symbol. So let’s take a look at this chart. It’s had a really nice run since the start […]
The Housing Sector Now Hoists A Red Flag Recession Warning
The very important construction data from the long leading housing sector was mixed this morning for November.The most leading datapoint, permits, increased 86,000 on an annualized basis to 1.505 million. Even more importantly, single family permits, which have the least noise and most signal of any of the datapoints, continued their rebound from their recent […]
USD/CHF Price Forecast: Rotates Near Key Supply Zone Ahead Of Fed Policy
USD/CHF ticks higher to near 0.8945 ahead of the Fed policy meeting at 20:00 GMT. The Fed is expected to cut interest rates by 25 bps to 4.25%-4.50%. The Swiss agency has lowered GDP growth to 0.9% and 1.5% for the current year and 2025, respectively. The USD/CHF pair moves slightly higher to near 0.8945 in […]
Dow Looks To Avoid 10 In A Row
There’s a positive tone in futures this morning, but what makes today slightly different from the last two weeks is that the Dow futures are slightly outperforming on the session, and the equal weighted S&P 500 is up slightly more than the cap-weighted index. Could this be the long-awaited day of positive breadth where the […]
EUR/USD Analysis: Bearish Outlook Ahead Of US Interest Rate Cut
As previously anticipated, the EUR/USD pair has maintained a downward trend, stabilizing around and below the 1.05 support level, confirming the strong dominance of bears in the market. At the beginning of today’s crucial Wednesday trading session, the Euro-Dollar pair is stabilizing around the 1.0485 support level. Today, the primary focus will be on the […]
Elliott Wave Technical Analysis – MicroStrategy Inc.
MSTR Elliott Wave Analysis Trading LoungeMicroStrategy Inc., (MSTR) Daily ChartMSTR Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: MotivePOSITION: Wave {v} of 3.DIRECTION: Pullback in (iv) of {v}.DETAILS: Looking for completion in wave (iv) to then continue higher and complete the five wave move into Minute wave {v} and back towards 500$.MicroStrategy Inc., (MSTR) 1H ChartMSTR Elliott Wave Technical […]
Fed, BoE And BoJ Interest Rate Meetings In Focus
The Federal Reserve (Fed), the Bank of England (BoE) and the Bank of Japan (BoJ) will announce their interest rate decisions today and tomorrow so most economists will be focused on the post-meeting statements to understand the future policy course for three of the major central banks worldwide.In other news, UK CPI inflation rose by 2.6% in […]
Should The Fed Cut Interest Rates Today?
The market is confident that a 25-basis-points reduction is a done-deal for today’s policy announcement, based on Fed funds futures. But the question of whether the Fed should cut is more complicated.Recent inflation data has been sticky, which dulls the case for more cuts. The counter-argument points to a gradual but conspicuous softening of the labor market. […]
Fed Decision Preview – Wednesday, Dec. 18
Image source: Pixabay Later today, we get the always highly anticipated FOMC decision. This will be the Fed’s final meeting for 2024 and the market will be paying close attention to see what the central bank has to say. Heading in, the overwhelming consensus is calling for the Fed to cut rates 25 basis points.Video Length: […]
