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Forex Today: Markets Await Bank Of England

Forex Today: Markets Await Bank Of England

Unsplash  The Bank of England is widely expected to leave its interest rate on hold at 5.25%, with the real topic of interest being the language within its monetary policy statement. The Japanese Yen is continuing to sell off this week after the big gains it made last week following two suspected interventions in its […]
Bitcoin Extends Pullback, But Longer-Term Uptrend Remains Intact

Bitcoin Extends Pullback, But Longer-Term Uptrend Remains Intact

The BTCUSD cryptocurrency pair has extended its pullback from the 73,830 high, falling as low as 56,434 in recent trading sessions. Further near-term losses toward the 52,000 area appear possible as the correction unfolds. Consolidation Within Uptrend Despite the recent selling pressure, the decline from the 73,830 high is likely a consolidation phase within the […]
Rates: ECB To Lead The Fed – What Then?

Rates: ECB To Lead The Fed – What Then?

It’s May. In June, the European Central Bank is set to cut by 25bp. In September, we think the Fed will cut. The period in between and up till June should see wider Treasury/Bund spreads and a relative steepening in the eurozone curve. Pixabay The European Central Bank beating the Federal Reserve to the first cut is remarkable […]
More Short-Term Uncertainty As S&P 500 Still Pausing

More Short-Term Uncertainty As S&P 500 Still Pausing

Stock prices extend consolidation. Is this just a pause within an uptrend?Stock prices didn’t do much yesterday as the S&P 500 index closed flat vs. its Tuesday’s closing price. However, the market managed to retrace losses after a lower open, resulting in a relatively positive outcome for the day.On Friday, April 19, the index hit […]
ABNB Is Just The Latest Important Stock To Get Hit On Earnings This Week

ABNB Is Just The Latest Important Stock To Get Hit On Earnings This Week

Airbnb (ABNB) reported 1Q24 earnings Wednesday afternoon and is currently set to get hit hard in Thursday’s session. Weak 2Q24 guidance of revenue +8% to +10% and Adjusted EBITDA of flat to up appears to be the culprit. But ABNB is just the latest to get hit in response to earnings this week. First, it was Palantir […]
Binance fires investigator for exposing market manipulation with DWF Labs — WSJ

Binance fires investigator for exposing market manipulation with DWF Labs — WSJ

Binance has reportedly fired a member of its market-surveillance team who uncovered evidence of market manipulation by DWF Labs, one of the exchange’s high-profile clients.According to a Wall Street Journal report, the dismissed employee and his colleagues had identified instances of pump-and-dump schemes and wash trading by “VIP” clients, including DWF Labs.The market-surveillance team, which […]
Economic Headwinds Are Starting To Gust

Economic Headwinds Are Starting To Gust

With just a few graphs, we can visualize how economic headwinds are about to get stiffer. Additionally, the graphs help us understand why President Biden has such low economic polling numbers, even among Democrats, despite such a strong economy. There are four predominant means by which consumers can spend. Income is typically the largest and […]
A Look At Diversification

A Look At Diversification

Image Source: Pixabay  Ancient Chinese merchants were said to have developed a unique way to manage their risk. They would divide their shipments among several different vessels. That way, if one ship were to sink or be attacked by pirates, the rest stood a good chance of getting through. Thus, the majority of the shipment could […]
Will We See Rate Cuts In 2024? Fed Presidents Weigh In 
                    
 
 

Will We See Rate Cuts In 2024? Fed Presidents Weigh In    

Last week, the Federal Open Market Committee (FOMC) decided not to take action on the federal funds rate, leaving it where it has been since last July, in the 5.25%-to-5.5% range. Federal Reserve Chair Jerome Powell did not offer much beyond the usual boilerplate responses, but he did say that it was not likely that the […]
Elliott Wave Technical Forecast: Unlocking ASX Trading Success: ASX Limited

Elliott Wave Technical Forecast: Unlocking ASX Trading Success: ASX Limited

Image Source: Unsplash  ASX: ASX LIMITED – ASX  Elliott Elliott Wave Technical Analysis TradingLounge (1D Chart)Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with ASX LIMITED – ASX. We have determined that wave 2-red has ended, and wave 3-red can be opened to push higher.ASX: ASX LIMITED – ASX  Elliott Wave Technical Analysis  ASX: ASX LIMITED […]