Data revealed that US consumer prices hardly increased in November. Markets are also keeping a close eye on the global economy. Investors will focus on Jerome Powell’s press conference after the FOMC meeting. Equities rallied on Wednesday, bonds were strong, and the US dollar was nursing losses. The enthusiasm that inflation has peaked and interest Read More…
The Dow Jones continues to diverge from the rest of the market Bearish divergence has been spotted on the daily chart Bull and Bear targets YM Continues To Rally The Dow continues to diverge from the rest of the market as it is now only 6% away from all-time highs. YM is up 10% in Read More…
There are worries about a rise in COVID-19 infections in China following the reopening. Core US CPI inflation is expected to decrease from 6.3% to 6.1%. At the Fed’s final meeting of 2022 on Wednesday, rates are projected to rise by 50 basis points. Following early gains on Tuesday, equities fell as investors awaited US Read More…
The downward trend line on the daily chart acts as resistance, and ES struggles to push through Anchored VWAP at the high of the year, acting as an accumulation point for shorts Factoring the Inflation report and Fed rate decision into this week’s sentiment Resistance You will remember from the analysis on December 2nd that Read More…
US producer prices increased more than anticipated last month. Markets are awaiting several important central bank meetings and releasing the latest US inflation figures. The BoE and the European Central Bank are expected to announce 50 bp rate increases. Currency futures fell as the dollar increased on Monday after data on Friday revealed that US Read More…
NQ remains within a tight consolidation zone Different ways we can capitalize on the breakout Targets for each direction and what it means for markets in 2023 NQ Remains Within Tight Range Amid Inflation Report NQ has been stuck in a 574-point range for almost a month now. We saw a huge rally in markets Read More…
