Here’s what the stock market liked from the Fed
Jerome Powell, chairman of the U.S. Federal Reserve, speaks during a news conference following a Federal Open Market Committee meeting in Washington, D.C., on Wednesday, June 19, 2019. Andrew Harrer | Bloomberg | Getty Images The Fed came very close...
FOMC Signals Rate Cuts Ahead
The FOMC acknowledges that uncertainties about the outlook have increased. We concur with the seven committee members that think rates will be 50 bps lower at the end of the year. FOMC Keeps Rates Unchanged But Sends a Dovish Message...
GBP/USD: Sterling Extends Recovery ahead of Fed
Cable accelerated higher in US trading on Wednesday, boosted by profit taking from last week’s fall and solid UK inflation data. The move can be also seen as positioning ahead of key event today, Fed rate decision, as wide expectations...
How to Set Up Effective Trading Goals
Trading Goals – Main Talking Points: Why set trading goals? What your trading goals shouldn’t be The effectiveness of process-oriented goals Goal tracking and measuring your progress Trading goals: A summary Setting trading goals can be a useful endeavor to...
Elliott Wave Analysis: AUDUSD Dropping Temporarily; 0.690 in View!
Aussie is dropping as expected from the 0.688 level where a temporary top for wave a)/i) of a three-wave move had been located. Current three-wave drop can now be labelled as wave b)/ii), with possible support, and turning point zone...
Canadian Dollar Jumps on CPI, Dollar Mixed Awaiting FOMC Guidance
Canadian Dollar jumps broadly in early US session, after stronger than expected inflation data remove another reason for BoC rate cut. Though, for now, Loonie is overshadowed by Sterling and Swiss Franc, which are the strongest ones. Meanwhile, risk appetite...
On-Target Inflation Means Less Pressure on BoC
Headline inflation was stronger than expected, rising to 2.4% in May BoC core measures averaged 2.1% (had been 1.9-2.0% for past 15 months) Most major components—particularly food and transportation—showed a pickup in y/y inflation Today’s stronger-than-expected inflation data will still...
Stocks making the biggest moves premarket: Southwest, Winnebago, Adobe, US Steel & more
Check out the companies making headlines before the bell: Southwest Airlines – The airline raised its full-year revenue for revenue per available seat mile, owing to what it calls “solid” demand. The airline said fuel efficiency is down, however, due...
Intermarket Analysis with Samantha LaDuc | Podcast
Key points covered in this podcast – Why intermarket analysis can be worthwhile for traders – The market opportunities to look out for this year – How to avoid the range of mistakes traders make Samantha LaDuc is a prominent...
GBP/USD Outlook: UK Inflation Below 2% Could Further Depress Pound
Cable is trading within narrow range in early European session and awaiting release of UK inflation data which are expected to provide fresh signal. The pair was so far unable to benefit from Tuesday’s bullish close (the first after five...