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Fed meeting, FOMC dot-plot, Powell news conference will be in focus this week. Nvidia is a buy as its annual ‘GTC 2024’ conference kicks off. Nike shares are a sell amid weak earnings and...
Cocoa prices have surged this year, reaching record highs this year. This remarkable surge, outpacing even Bitcoin's gains, marks a significant departure from historical trading patterns. The surge in...
GBP/USD is approaching a key support level ahead of the Fed and BoE meetings. The BoE is very unlikely to consider rate cuts before the Fed and the ECB. Meanwhile, Fed's hawkish stance could keep the...
Amid upcoming central bank meetings and crucial macroeconomic data releases, market sentiment is poised for potential shifts. While broader market indexes may continue to consolidate sideways,...
If you had been following the S&P 500 closely this past week, it likely would have left you scratching your head if you were trying to align the news with the market action. For example, on Wednesday,...
Last week, the US dollar fluctuated as inflation data came in above expectations, sparking volatility. Amid talks of potential shifts in Federal Reserve policy, investors are eyeing the upcoming Fed...
The Russell 2000 (IWM) has been defending its 50-day MA over the early part of 2024, but the last few days have seen a shift in this support with 'sell' triggers in the MACD and On-Balance-Volume. The...
Options expiration may have clouded Friday's volume, but Friday's buying in the Russell 2000 (IWM) did not do enough to challenge the "bull trap" or the loss of the 20-day MA. The index deals with...
The biggest event of the week may not be the Fed meeting but the BOJ, which is set to conclude on Tuesday. There have been rumors that the BOJ plans to raise rates for the first time in over a...
It had to end eventually. Whether last week’s shift in the pole position endures is something else entirely. But for the moment, US equities are no longer leading the horse race for the major asset...
Crude oil rose about 4% last week with WTI taking out the $80 and Brent the $85 barrier, reaching levels last seen in November. Factors supporting oil prices include optimism over China, a bullish...
Adobe's stock fell 11% after issuing weaker-than-expected Q2 revenue guidance, overshadowing a strong Q1 performance. Meanwhile, Williams-Sonoma stock rose 17% following a Q4 earnings and revenue...
As the stock market consolidates 2024 gains, small caps have yet to catch up, prompting speculation about potential entry points amid the recent drop. Russell 2000 has posted marginal gains since...
This past week, silver, gold, and gold miners all rallied. So did oil and sugar. DBA, the agricultural ETF, made new all-time highs. The water ETF PHO consolidated near the all-time highs. In our “how...
On 19 March 2024, the Bank of Japan may raise the interest rate from -0.10 to positive for the first time in eight years, which will strongly affect the quotes of the USD/JPY currency pair. Key...
Following the ECB, all eyes are on the Fed's upcoming interest rate decision, and the US central bank is anticipated to hold rates steady. Our proprietary tool now indicates a near-certainty of the...
Homeownership is the quintessential American dream, but it’s become increasingly elusive for many households. A multitude of factors, including soaring home prices, elevated interest rates and...
A new round of nowcasts continue to estimate that US economic activity will downshift in next month’s release of first-quarter GDP data. Today’s revised estimate is based on the median for a set of...