The Fed’s war against inflation will likely continue as US consumer prices increase. Investors will keenly monitor January retail sales data for clues on consumer spending. Employment in the eurozone increased twice as quickly as predicted last quarter. The US consumer price data for January didn’t change much about what people thought the Federal Reserve Read More…
US inflation data may provide insight into the trajectory of the Fed’s upcoming interest rate hikes. 69% of the S&P 500 companies that have released results thus far have surpassed profit projections. India announced that it aims to triple its annual defense exports to $5 billion by 2024/25. US equities closed substantially higher on Monday Read More…
Inflation report later today will likely dictate price action for the remainder of the week. Analyzing how the triangle pattern is providing three possible setups. The triangle pattern Last week we analyzed the triangle pattern that is forming on YM. Take a look at it here. The price is currently trading right at the top of Read More…
Investors increased their bets on the Fed maintaining its aggressive policy for longer. ECB’s Visco said on Saturday that the ECB must refrain from aggressive hikes. The British economy contracted in the last quarter of 2022. During an earlier London session trading on Monday, investors increased their bets on the Federal Reserve’s plan to maintain Read More…
A double bottom on the daily chart is driving bullish sentiment. Different entries and targets we can aim for and why shorts trades should be ignored for now. How can we use a simple stochastic entry method in a shorter time frame. Technical Analysis Double Bottom: NQ made a bottom back in October of last year, Read More…
Gold prices maintain a broadly bearish bias on Friday. Investors are uneasy over lingering worries about the US economy. More Americans filed new unemployment benefit claims last week. Gold prices rose sharply from the daily lows of $1,852, hitting the daily highs of around $1,875 during the early hours of trading on Friday. However, Read More…
