Fed Chair Jerome Powell avoided discussing rate policy in his speech. Powell emphasized that the Fed’s independence was crucial to fight inflation. US inflation for December is expected to be 6.5%, down from 7.1% in November. Equities climbed on Wednesday while the dollar held steady as investors awaited US inflation figures for clues on the Read More…
Analyzing the rising wedge, RSI, Fibonacci retracements, and candlesticks on the daily. Looking at why it’s likely we see Gold retrace from here ($1,880). How bulls can initiate longs if they are patient. Quick Recap Gold was trading at around $1,845 on January 5th from the last GC analysis. I stated the likelihood of a minor Read More…
There is an inverted hammer that has formed on the daily chart. Setting targets for the head & shoulders pattern on the hourly. Analyzing why bears appear to be in control at the moment. Daily Chart Analysis In yesterday’s session, we saw NQ attempt to break out of a small support zone that has formed Read More…
Investors remain cautious ahead of important inflation data. Tokyo’s core consumer prices increased faster than anticipated (by 4.0%) in December. Investors are anticipating remarks from Fed Chair Jerome Powell. Equities futures prices declined on Tuesday following hawkish remarks by two US Federal Reserve officials. Investors were also wary ahead of important inflation data. “Equity market Read More…
Data from the United States revealed an increase in the labor force and a slowing of wage growth. The probability of a half-point rise in the fed funds rate has gone down to around 25%. China’s reopening also helped improve risk sentiment. Currency futures rose on Monday due to growing expectations that the Federal Reserve Read More…
ES has broken out of a minor consolidation zone. Analyzing a few ways we can profit from current market conditions. Targets for bulls to aim for if the bullish momentum continues. Breaking Out January 6th session saw a big jump in the S&P 500 as ES closed the first week of the year up 1.8%. Read More…
