The USDCHF made on low on Tuesday against its rising 100 bar moving average on the four hour chart. Today, the low price today also found support against its 100 bar moving average on a four hour chart. That sets the moving average as a key barometer on the downside going forward. On the topside […]
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The NASDAQ index is currently up 300 points or 1.92%. That’s the largest percentage gain since February 22. For the training week, the NASDAQ in is now up 4.17% which represents the largest weekly gain this year and the highest since October 30, 2023. Technically, the price is now trading above its falling 100-day moving […]
The initial reading for Q2 growth from the Atlanta Fed GDPNow model comes in at 3.9%. There is a long way to go before that actual advanced GDP number is finalized (three months). In Q1, the Atlanta Fed’s predictive powers were tarnished a bit after forecasting 2.7% growth. The actual growth rate reported yesterday was […]
The USDJPY has continued its march the upside with a run to a new session high. Earlier today, the Bank of Japan Policy was unchanged. The initial reaction was a run to the downside with the low price reaching 154.96. That took the price just below its 100-hour moving average but stalled ahead of its […]
Citigroup now sees 100 basis points of cuts this year from July. That is much more than the 45 or so basis points forecast by the market. The Fed’s last dot plot had 3 cuts, but subsequently, Fed officials came more in the 1 to 2 cut range. This article was written by Greg Michalowski […]
The US core PCE data came out a little more tame than what was probably feared by the market. US yields are below are a bit lower. The premarket US stocks are still higher but off their highest levels. The US dollar has seen fluctuations up and down. In this video I look at the […]
Microsoft and Alphabet are leading stocks higher in early US trading. The NASDAQ index is the biggest gainer. The Dow Industrial Average is trading near unchanged. A snapshot of the markets shows: Dow Industrial Average average up 35 points or 0.10% at 38124.65S&P index of 31.66 points or 0.64% at 5080.NASDAQ index up 205 points […]