Indexes
All Federal Employees To US PopulationI think it is important for people to full understand that the 172,000 job cuts from the Federal Government is more about showmanship than logic.
The federal gov employees as a % of the population has been falling for decades through the growth of the population and the economy.
This is the absolute best way to reduce gov. Debt, deficits, etc.. through growth, NOT cutting and causing a heart attack!
Slow mythological, calculated cuts if/when they are required are fine. chaotic, reactive, for the sake of showmanship is NOT!
This will not end well. There will be consequences, people have yet to realize and appreciate the severity of these actions.
These actions taken by the current administration will be felt in the markets.
SPY Weekly Chart! I think downtrend has startedFrom a weekly chart perspective, I think we are going to start bear market pretty soon. Volume has been the lowest and I also see TTM squeeze in the weekly which was last seen in the pandemic era. I really think that investors should sell or cover their open positions.
Dollar Index (DXY): Pullback From Resistance
I think we may see a local bearish continuation after a test
of a key daily/intraday resistance.
A local Change of Character on an hourly clearly shows the strength of the sellers.
The index may retrace at least to 106.53
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DOLLAR INDEX (DXY): Does The Market OVERREACT?
It looks like Dollar Index is preparing for a retracement
after a very bullish market opening.
As a clear sign of strength of the sellers, I see
a head and shoulders pattern on an hourly
and a breakout of its neckline.
The market may drop at least to 108.6
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DOW JONES INDEX (US30): Bullish Outlook Explained
It feels like US30 index is preparing to recover
after Friday's and today's selloff.
As a confirmation, I see a nice bullish imbalance
after a test of a daily support and a tiny ascending triangle
pattern on an hourly.
Goals: 44196 / 44470
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$EUNITR - Europe Interest Rates $EUNITR
(January/2025)
source: European Central Bank
- The European Central Bank lowered its key interest rates by 25 bps in January 2025, as expected, reducing the deposit facility rate to 2.75%, the main refinancing rate to 2.90%, and the marginal lending rate to 3.15%.
This move reflects the ECB’s updated inflation outlook, with price pressures easing in line with projections.
While domestic inflation remains elevated due to delayed wage and price adjustments, wage growth is moderating, and corporate profits are absorbing some inflationary effects.
Despite persistent tight financing conditions, the rate cut is expected to gradually ease borrowing costs for firms and households.
The ECB remains data-driven and has not committed to a predetermined rate path, emphasizing a cautious approach to ensuring inflation stabilizes at its 2% target.
NDQ100 Update - Overaction? Thanks for checking out our latest update. Today, we are looking at the NDQ100 daily chart.
What a 48 hours we have seen. After a plunge that wiped off up to 1 trillion dollars and close to 600 million off Nvidia, we saw a fast fightback at the end of the session and a recovery on Tuesday. The crash occurred after Chinese Tech company DeepSeek shocked the AI world with a powerful LLM.
Looking at the last price action, has support reformed? Will we see the new push higher after this last seller test? Buyers look interested, but we would like further confirmation with rallies that fill the gap or a test of the last high.
Good trading from Eightcap.
$JPIRYY -Japan Inflation Rate Highest in Near 2 YearsECONOMICS:JPIRYY 3.6%
(December/2024)
source: Ministry of Internal Affairs & Communications
- The annual inflation rate in Japan jumped to 3.6% in December 2024 from 2.9% in November,
marking the highest reading since January 2023 as food prices rose the most in a year.
Meanwhile, the core inflation rate climbed to a 16-month peak of 3%, in line with estimates.
FTSE (UK100)BIAS: BULLISH
The FTSE(UK100) still ranging between 8400 and 8000... Break range and expect a big move (9K or retest 7800).
That rejection of 8100 makes me bullish bias X 2
If bias was to change
A solid push and resistance found around 8100-8000 would be expected.
Unless specifically timed with a low chance of alteration by external forces, anticipating the exact timing of events is unrealistic.
DOW JONES INDEX (US30): Back to Bullish Trend
US30 Index completed a bullish accumulation in a wide
horizontal sideways range on a daily.
Its resistance was broken on Friday and we see a positive
bullish reaction to that after its retest.
There is a high probability that the market will continue rising.
Next resistance - 44360
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Dollar Index (DXY): One More Clear Sign of Strength
Looks like Dollar Index is going to continue rising.
After an extended accumulation within a horizontal parallel channel,
the market violated its upper boundary on Friday.
Bullish trend will most likely continue.
Next goal - 110.5
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$SPX - idea from the historyI've just faced an unpublished idea about SP:SPX . Will publish it in the mid on the road. )
Does not constitute a recommendation.
#furoreggs #investing #stocks #shares #idea #forecast #trading #analysis
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$JPIRYY -Japan's CPI (November/2024)ECONOMICS:JPIRYY
(November/2024)
source: Ministry of Internal Affairs & Communications
- The annual inflation rate in Japan climbed to 2.9% in November 2024 from 2.3% in the prior month, marking the highest reading since October 2023.
The core inflation rate rose to a 3-month high of 2.7% in November,
up from 2.3% in October and surpassing estimates of 2.6%.
Monthly, the CPI increased by 0.6%, the highest figure in 13 months.
$USGDPQQ -U.S GDP (Q3/2024)ECONOMICS:USGDPQQ
(Q3/2024)
source: U.S. Bureau of Economic Analysis
- The US economy expanded an annualized 3.1% in Q3, higher than 2.8% in the 2nd estimate and above 3% in Q2.
The update primarily reflected upward revisions to exports and consumer spending that were partly offset by a downward revision to private inventory investment.
Imports, which are a subtraction in the calculation of GDP, were revised up.