As Inflation, GDP, And Jobs Growth Wane, The Fed Should Cut 50 Bps
Image Source: PixabayFalling inflation, weak manufacturing activity, cautious consumer sentiment, and sluggish GDP and jobs growth have conspired to elicit a dovish tone from the Federal Reserve and the likely start of a rate cut cycle to avert recession and more jobs losses. I continue to pound the table that the Fed is behind the curve […]
A New High In GDX Is Possible
Image Source: PixabaySPX Monitoring purposes; Long SPX on 9/5/24 at 5503.41.Sold SPX on 8/19/24 at 5608.25 = Gain 8.14%gain; Long SPX on 8/5/24 at 5186.33.Our Gain 1/1/23 to 12/31/23 SPX= 28.12%; SPX gain 23.38%Monitoring purposes GOLD: Long GDX on 10/9/20 at 40.78.We are up over 25% this year so far; SPX is up around 14%. Above […]
Gold Gains Traction Ahead Of US CPI Data
Image Source: Pixabay Gold gains ground despite broad US Dollar strength, traders focus on the upcoming US Consumer Price Index (CPI) release. CME FedWatch Tool shows 73% odds of a 25 bps Fed rate cut, shifting from previous speculation of a 50 bps move. US Treasury yields remain stable, while traders await further clues on inflation […]
Platinum Trading Strateg, Analysis And Forecast – Monday, Sept 9
Image Source: PixabayToday you will see PLATINUM price prediction based on the technical analysis. What is the support and resistance on the daily time frame for XPTUSD? What to expect where the price will break out for the XPTUSD based on the supply and demand zones.Video Length: 00:02:46More By This Author:Gold Confirmed Yesterday Analysis And Now […]
Four Stocks To Watch This Week – Monday, Sept 9
WiseTraders Weekly Watchlist: September 09, 2024 – September 13, 2024 Another week where the Trade Plan Master Key really shone as the markets took a post Labor Day beating. Inconsistent patchy behavior looks most likely in the very short term, but stocks still have decent potential in the medium term. Stay focused and be patient […]
Palladium Trading Strategy, Analysis And Forecast – Monday, Sept 9
Image Source: PixabayToday you will see PALLADIUM price prediction based on the technical analysis. What is the support and resistance on the daily time frame for XPDUSD? What to expect where the price will breakout for the XPDUSD based on the supply and demand zones.Video Length: 00:03:16 More By This Author:Gold Confirmed Yesterday Analysis And Now Targeting […]
GBPUSD Analysis And Price Prediction Forecast – Monday, Sept 9
Photo by Colin Watts on Unsplash Today you will see GBPUSD price prediction based on the technical analysis. What is the support and resistance on the daily time frame for GBPUSD? What to expect where the price will breakout for the GBPUSD based on the supply and demand zones.Video Length: 00:03:09More By This Author:Gold Confirmed Yesterday Analysis And Now […]
USD/CAD Clings To Gains Near 1.3550 With US Inflation On Horizon
Photo by Michelle Spollen on Unsplash USD/CAD grips gains near 1.3550 amid US Dollar’s strength. Better-than-feared US NFP report boosts the US Dollar. Investors await the US inflation and BoC Macklem’s speech. The USD/CAD pair holds onto gains near 1.3550 in Monday’s North American session. The Loonie asset trades in a tight range as sheer strength in the US Dollar […]
GBP/USD Price Forecast: Drops Below 1.3100 As Fed Large Rate Cut Odds Wane
Photo by Colin Watts on Unsplash GBP/USD downtrend intensifies, with momentum signaling further downside as RSI nears a break below neutral. Key support at 1.3044 could trigger deeper losses, with the 50-DMA at 1.2933 and the 1.2900 mark as critical levels. Buyers must reclaim 1.3239 for a bullish continuation and to regain upward momentum. The GBP/USD begins the North American […]
EUR/GBP Price Analysis: Consolidating Sideways As Technical Indicators Neutralize
Image Source: Pixabay The EUR/GBP pair is consolidating sideways between 0.8410 and 0.8450. The RSI is flat at 43, while the MACD is also neutral with the MACD red bars declining. The pair could break out of this range if the volume picks up. In Monday’s session, the EUR/GBP pair mildly declined to 0.8440, facing a mixed technical […]
