50 BPS cut is just ridiculous, we are facing dark times. Are you sure it is a bull market now? Old man Warren already answered this. Stay tuned.
ECONOMICS:USINTR - The Federal Reserve lowered its benchmark interest rate by 50bps to 4.75%-5% in light of the progress on inflation and the balance of risks. It is the first rate cut since March 2020 after holding it for more than a year at its highest level in two decades. Will Feds decision of cutting 50bps tumble the markets in spite of fear for U.S and...
ECONOMICS:GBIRYY CPI Data (August/2024) 'UK Inflation Rate Steady at 2.2%' source: Office for National Statistics - Annual inflation rate ( ECONOMICS:GBIRYY ) in the UK steadied at 2.2% in August 2024, the same as in July, and in line with expectations. The largest upward contribution came from air fares while the biggest downward contributions came from...
Technical Analysis and Outlook: Throughout the trading sessions of the current week, the S&P 500 Index has exhibited notable resilience, demonstrating a movement toward the Mean Resistance level of 5648 and the Key Resistance, and completed the Inner Index Rally level of 5666. A resilient rebound to this level in the upcoming week’s session is highly likely, with...
Technical Analysis and Outlook: During the current week's trading session, the Eurodollar exhibited a modest decline, briefly breaching the predefined support level of 1.103 and decisively transitioning to the freshly established resistance level of 1.110. The transient selling propels the currency downwards to the support level of 1.101, with a potential...
Technical Analysis and Outlook: The recent market activity demonstrated a resilient rebound from our Key Support level at 53000, surpassing the Mean Resistance levels at 56700 and 59700 and peaking at the newly established Mean Resistance level at 60500. Current market sentiment indicates a potential retracement to the Mean Support level at 57300 before...
MY GAMBLE, Fed is NOT cutting rates next week. (No chance) 0 This would be seen as Election/political interference. The markets have been going up nicely the last week and I want to play some bear positions. There is no weakness in employment And inflation is present and not at 2% target. IF THEY cut rates, they will have to 'make up a reason'.
- The European Central Bank cut the key deposit interest rate by 25bps to 3.5% as expected, after a similar reduction in June, and a pause in July, reflecting an updated inflation outlook and better transmission of policy. At the same time, the interest rates on the main refinancing operations and the marginal lending facility were lowered to 3.65% and 3.90%...
- The annual inflation rate in the US slowed for a 5th consecutive month to 2.5% in August, the lowest since February 2021 and below market expectations of 2.6%. Compared to the previous month, the CPI rose 0.2%, the same as in July, and matching forecasts. Meanwhile, annual core inflation steadied at an over 3-year low of 3.2% but the monthly gauge edged up to...
- China's annual inflation rate edged up to 0.6% in August 2024 from 0.5% in July, falling short of market forecasts of 0.7%. Still, it was the highest print since February, marking the 7th straight month of consumer inflation amid supply issues due to flaming heat and pouring rains. Food prices rose for the first time since June 2023, with their rate of...
$YSNFP (AUGUST/2024) US Economy Adds Fewer Jobs Than Expected source: U.S. Bureau of Labor Statistics - The US economy created 142K jobs in August, more than downwardly revised 89K in July but below market expectations of 160K. Most job gains occurred in construction and health care while manufacturing employment declined. Meanwhile, the jobless rate edged...
While the U.S. nonfarm payroll growth is still averaging 0.12% , just slightly below the average long term 0.14% growth in the past 12 months, the full time employment picture is somewhat grimmer. The U.S. full time employment peaked in 2023 June, and since there is approximately 1.7 million less full time employee. Probably not a sign for a healthy labour market.
Technical Analysis and Outlook: Throughout the trading sessions of the current week, the S&P 500 Index has demonstrated significant downward movement, completing an Inner Index Dip at 5408 and establishing a new Mean Resistance level at 5530. There is a strong likelihood of a rebound to this level. Further, emphasis is placed on achieving the extended downward...
Technical Analysis and Outlook: In the current week's trading session, the Eurodollar exhibited a rebound from the Mean Support level of 1.102. It effectively breached our Mean Resistance level at 1.109, establishing a newly created Mean Res 1.115. The transient selling pressure led to a significant downward movement and is anticipated to retrace back towards the...
Technical Analysis and Outlook: The recent market activity witnessed a continued decline in the value of Bitcoin, leading to a significant drop and triggering a shift to our designated Key Support level of 54000. Current market sentiment indicates a potential recovery towards Mean Resistance 56700, possibly extending to Mean Resistance 59200. It is pertinent to...
Each time the VIX spiked to extreme levels in the past 15 years, a market bottom was developed. I don't think this time is any different.
- **Gold Price:** Gold is holding above $2,500 ahead of the US Non-Farm Payroll data, having reached a high of $2,523 yesterday and currently trading around $2,517. - **US Economy Expectations:** - August Non-Farm Payroll is expected to increase by 164,000, up from 114,000 in the previous month. - Unemployment rate is expected to rise to 6.5%, from 6.4%. -...
ECONOMICS:USJO U.S Job Openings Down to 2021-Lows source: U.S. Bureau of Labor Statistics The number of Job Openings fell by 237K to 7.673 million in July 2024, the lowest level since January 2021, compared to a downwardly revised 7.91 million in June, and well below market forecasts of 8.1 million. Job openings decreased the most in health care and social...