Nasdaq 100 Forecast: Stocks Rise As Weaker Jobs Data Supports A Dovish Pivot
Image Source: Pixabay US futuresDow futures +0.23% at 36117S&P futures +0.35% at 4587Nasdaq futures +0.48% at 15696In EuropeFTSE +0.45% at 7522Dax +0.64% at 16635 ADP payrolls miss forecasts at 103k down from 113k Data comes after weaker JOLTS job openings yesterday Oil falls to a 5-month low Weak jobs data could see the Fed cutting […]
BTC/USD Forecast: Still Looking Higher
Despite the market seeming a bit extended at present, the longer-term outlook for Bitcoin remains positive. During the early part of Tuesday’s trading session, Bitcoin exhibited a slight pullback but soon attracted buyers, indicating resilience and potential for further growth. This market, known for its volatility, requires traders to be cautious with their position sizing. Despite the […]
NFP Report In Focus, BoC Decides On Interest Rates
The US Nonfarm Payrolls (NFP) report due on Friday stands out from important financial data releases for the rest of this week. The latest US Job Openings and Labor Turnover Survey (JOLTS) published on Tuesday revealed that the ratio of job openings to the number of unemployed workers fell to 1.34, its lowest reading in […]
Crude Oil Forecast: Seems To Be Stuck In The Same Range
During Tuesday’s trading session, crude oil markets initially experienced a decline but found substantial support at the lower end of the recent consolidation range.FreepikIn the West Texas Intermediate (WTI) Crude Oil market, resilience was a key theme. Prices initially dropped but garnered strong support around the $72.50 level, subsequently demonstrating a revival. The market faced resistance at […]
BTC/USD Forex Signal: Bitcoin Price Path To $50K Gets Clearer
The BTC/USD pair has been in a strong uptrend in the past few months. Bullish view Buy the BTC/USD pair and set a take-profit at 46,000. Add a stop-loss at 42,000. Timeline: 1-2 days. Bearish view Set a sell-stop at 42,000 and a take-profit at 40,000. Add a stop-loss at 44,000. Bitcoin price continued its strong recovery as the recent […]
Airlines Set For A Record-Breaking 2024, But Interest Rates Remain A Concern
After years of challenges since the COVID-19 pandemic, the airline sector returned to profitability in 2023, with net profit projected to reach $23.3 billion on a 2.6% margin.FreepikAccording to the International Air Transport Association (IATA), the industry is predicted to carry this momentum into 2024 and make it a record-breaking year in revenue and traveler numbers. However, […]
Business Cycles, Interest Rates And The Fed
Image source: Pixabay The business cycle drives interest rates and the market. The Fed has a crucial role in the monetary system but its power in setting interest rates is limited. Consumers’ and businesses’ needs for short-term or long-term borrowing determine the trend of interest rates.Video Length: 00:11:34More By This Author:The Business Cycle And The Markets […]
AUD/USD Forex Signal: Double-Top Pattern Points To Strong Sell-Off
The AUD/USD pair formed a double-top pattern at 0.6675 between November and December. Its neckline was at 0.6570, the lowest point on November 30th. Bearish view Sell the AUD/USD pair and set a take-profit at 0.6480. Set a stop-loss at 0.6620. Timeline: 1-2 days. Bullish view Set a buy-stop at 0.6572 and a take-profit at 0.6825. Add a […]
Gold Price Rebounded From $2,009 Amid Mixed US Data
The gold price dropped as low as $2,009 in the last trading session, where it has found a demand again. The metal has rallied again and is trading at $2,026 at the time of writing.After its massive downside movement, a rebound was expected. The US dollar’s leg higher forced the yellow metal to drop. Further […]
Big Moves In The Markets
Image Source: Pixabay More big moves in the markets including key financial numbers. It is increasingly looking like we’ve reached the point of non-linearity for both the monetary system as well as the real economy. While waiting for labor market confirmation in the US about what’s already happened, interest rate swaps are pricing ahead and like […]
