In this video, I take a look at the technical roadmap for traders through the FOMC rate decision. What would increase the bearish bias and why? What would shift the bias more to the bullish side - at least in the short term.With the price lower and trading near 2024...
Atlanta Fed GDPNow growth estimate for Q3 falls to 2.9% from 3%
The Atlanta Fed GDPnow growth estimate for Q3 falls to 2.9% from 3.0% last. The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2024 is 2.9 percent on September 18, down from 3.0 percent on September 17. After this...
EIA crude oil inventories fall -1.630M barrels vs -0.500M estimate
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
Former St Louis Fed President Bullard: The FOMC should cut by 25 bps
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
FBS Analysts Explore Bitcoin’s Growing Potential Amid US Election Uncertainty
FBS, a leading global broker, presents an overview of financial market trends in the context of the 2024 US presidential elections. FBS financial market analysts particularly underscore the rising investment potential of Bitcoin in the context of Harris-Trump...
The major indices are little changed to start the trading day
The major indices are little changed to start the trading day. Of course, the FOMC rate decision will be key at 2 PM ET where the Fed is expected to cut by 50 basis points but the decision can go either way. What the Fed chair says, what the Dot plot and the...
Tesla surges while healthcare drags: A closer look at today’s market dynamics
Stock heatmap by FinViz.com Wed, 18 Sep 2024 13:46:03 GMTSector OverviewThe current US stock market snapshot reveals a blend of vibrant highs and subdued lows across various sectors. One standout is the automotive sector, spearheaded by Tesla (TSLA), which boasts an...
If trading the September FOMC in the FX, it is mandatory to know the roadmap up or down.
There are days when you REALLY need to know the roadmap technically. For me, knowing the roadmap daily is important. The roadmap tells you the targets. The roadmap tells you the risk. The roadmap keeps you in trend moves. The roadmap prevents you from riding a trend...
Cable catches a bid. Nears the August highs
GBP/USD 4 hourRepositioning looks to be the theme in global markets today.Treasury yields are rising, which indicates worry about the Fed cutting 25 bps instead of 50 bps. However the US dollar is weakening, which indicates the opposite.It all points to more of a...
Treasury yields track higher in the countdown to the FOMC decision
Treasury yields are up 4 basis points across the curve in a sign of either:The market over-pricing a dovish FedAngst ahead of the Fed decisionI tend to think it's the latter as bond buyers have flooded in over the past two months. US 10s highlight just how far the...
US August housing starts 1.356m vs 1.310m expected
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
Housing starts data will illustrate why the Fed needs to cut rates
housing starts w 50m moving avgUS housing starts are due at the bottom of the hour and forecast to rebound to 1.310m after falling to a post-pandemic low last month.The long-term chart highlights the problem: US housing starts are significantly lower than they were in...
ForexLive European FX news wrap: Sterling up after UK CPI, markets mixed awaiting Fed
Headlines:Markets:NZD leads, USD lags on the dayEuropean equities lower; S&P 500 futures up 0.1%US 10-year yields up 2.8 bps to 3.677%Gold up 0.4% to $2,578.75WTI crude down 0.9% to $69.22Bitcoin down 0.7% to $59,913It's all about the countdown to the Fed and...
US MBA mortgage applications w.e. 13 September +14.2% vs +1.4% prior
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
There will be disappointment one way or another come the end of today
AI imageHeavy is the head that wears the crown. The Fed has a very, very big decision to make today. A rate cut is all but confirmed but the major question is by how much? They've been suggesting a likelihood of moving by 25 bps since Jackson Hole but market players...
Russell 2000 Technical Analysis – The Fed is cutting rates into resilient growth
Fundamental OverviewYesterday, we got some more positive US data releases as the US retail sales came out a touch better than expected and the industrial production data beat forecasts erasing the hurricane related weakness in July. Despite that, the market is still...
Oil technical analysis after Hezbollah pagers blew up
A lot of Hezballah pagers blew up yesterday but what will it do to the oil market? Some people thought oil might surge but the chart and price action does not care about what we think. Here is oil technical analysis I see but please do your own research and trade at...
Copper Technical Analysis – We are at a key resistance
Fundamental OverviewCopper has been on a sustained downtrend since reaching its peak in May. A lot of the weakness has been attributed to the struggling economic recovery in China. Copper is sensitive to the manufacturing cycle, and after a pickup in the first half of...
Eurozone August final CPI +2.2% vs +2.2% y/y prelim
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
Crude Oil Technical Analysis – Better days ahead?
Fundamental OverviewCrude oil rebounded from the lows as the buyers might be looking forward to the Fed’s easing cycle. As a reminder, the positioning in crude oil is at record lows and the sentiment is very bearish. These factors can generally offer great contrarian...