EUR/USD Stable As The Market Absorbs Fed Decision And Awaits ECB Meeting
Image Source: Pixabay The EUR/USD pair is consolidating around 1.0426 on Thursday as investors digest the Federal Reserve’s latest policy decision and shift their focus to the upcoming European Central Bank (ECB) meeting. Key market influencesAs widely expected, the Federal Reserve held its interest rate steady at 4.5% per annum. In its commentary, the central bank […]
Index Mania: On Top Of The World
Karen Carpenter was one the greatest singers of my lifetime. One of her biggest hits was called, “Top of the World.” The key line of the song says, “I’m on top of the world looking down on creation and the only explanation I can find, is the love that I’ve found ever since you’ve been […]
Silver Forecast: Silver Struggles At $31 Resistance, Stuck In A Range
The $31 level being a large round psychologically significant figure comes into the picture, but it’s also an area where we’ve seen a lot of noise in the past. If we can break above that level, then the market is likely to go looking at the $32.35 level. This is an area that has been […]
The US Fed Took A Pause On Interest Rate Cuts
Image Source: Pexels At the end of Wednesday, the Dow Jones Index (US30) decreased by 0.31%. The S&P 500 Index (US500) was down 0.47%. The Nasdaq Technology Index (US100) fell by 0.51%.The US Federal Reserve kept the federal funds rate at 4.25%-4.5% at its January 2025 meeting, in line with expectations. The Central Bank halted its […]
Dogecoin Signals New Upside Move: Can Bulls Take Charge? Another Decline In DOGE?
Dogecoin found support at $0.3050 and recovered some losses against the US Dollar. DOGE is now rising and might aim for more gains above $0.350. DOGE price started a decent increase above the $0.315 and $0.320 levels. The price is trading near the $0.3320 level and the 100-hourly simple moving average. There was a break […]
Daily Market Outlook – Thursday, Jan. 30
Image Source: Pixabay Futures for European and US markets rose, paralleling gains in Asian shares as traders looked forward to the ECB’s interest rate announcement. Euro Stoxx 50 contracts saw a 0.2% increase, while S&P 500 contracts climbed by 0.4%. These movements reflected a slight uptick in Asian stock markets, which pushed a regional index up […]
Federal Reserve Is A Private Institution – Powell Is Not A Public Servant
Image source: Wikipedia Here is a statement from Chair Powell at his latest press conference… “The public should be confident that we will continue to do our work as we always have, focusing on using our tools to achieve our goals, and, really, keeping ourheads down and doing our work,” he added. “That is how we best serve the public.” Notice how many times Chair Powell used […]
CVS Health Stock Price Is Recovering: Feb 12 Will Be Crucial
CVS Health stock has moved from one of the worst performers in the S&P 500 index in 2024 to the second-best performer this year. It has risen in the last six consecutive weeks and is hovering at its highest level since December 2. It is up by over 33% from its lowest point in December. CVS […]
Elliott Wave Technical Analysis: Euro/U.S. Dollar – Thursday, Jan. 30
Euro/ U.S. Dollar (EURUSD) Day ChartEURUSD Elliott Wave Technical Analysis Function: Bullish Trend Mode: Impulsive Structure: Navy Blue Wave 1 Position: Gray Wave 1 Direction Next Higher Degrees: Navy Blue Wave (Started) Details: Navy Blue Wave 1 of Gray Wave 1 as a new trend is in play Wave Cancellation Invalid Level: 1.01786 The EURUSD Elliott Wave Analysis on the daily chart provides a detailed technical […]
Rate Cuts Put On Hold
As expected, the Federal Reserve put further rate cuts on hold. After cutting rates three times in the latter half of 2024 for a total of 1%, the Fed is taking a break. While the Fed is still forecasting that inflation will trend lower by year-end, it is concerned that the trend has been stalling […]
