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S&P 500, Nasdaq 100 – Caution Following PPI, Technical Hurdles Ahead – MarketPulse
Wall Street indexes paused after Wednesdays rally as Core PPI came in hot. Moderna shares plunged 17.8% due to lower-than-expected sales projections. Nasdaq 100 shows potential for upward movement, but technical hurdles persist. Most Read: Gold (XAU/USD) Flirts with All-Time Highs. Will US CPI Prove the Catalyst for a Breakout? The major Wall Street Indexes…
Flashlight for the September FOMC Blackout: Cuts to Begin Again – Action Forex
Summary We expect the FOMC to resume lowering the fed funds rate at its September meeting with a 25 bps rate cut that would bring the policy rate to a range of 4.00%-4.25%. A more precarious picture of the labor market has become apparent since the FOMC last met in July. The three-month average pace…
GBP/USD Forecast. Forex Fundamental Analysis – ForexNews.PRO
GBPUSD: GBP/USD was down six-tenths of a per cent on Wednesday as markets continued to hold on to the safe-haven US dollar. The Federal Reserve (Fed) left rates unchanged as markets had expected, but Fed policymakers, still adopting a wait-and-see stance, curbed risk appetite during the midweek market session. The Bank of England (BoE) will…
Brent oil price confirms the breach – Forecast today – 13-09-2024 – ForexNews.PRO
Brent oil price ended yesterday with strong positivity, as it confirmed breaching 72.00$ to reinforce the expectations of achieving more bullish correction on the intraday basis, on its way to test 73.80$ as a next target, noting that breaching this level will extend the bullish wave towards 75.24$ direct. The price needs to get positive…
Brent oil price surpasses the first target – Forecast today – 24-01-2025 – ForexNews.PRO
Brent oil price traded with strong negativity yesterday to surpass our first waited target at 78.39$ and settles below it, opening the way to head towards achieving more bearish correction in the upcoming sessions, reminding you that our next target is located at 77.05$. The EMA50 supports the suggested bearish wave, noting that holding below…
