Core PCE which is the Fed's favored methods in evaluating inflation just hit the wires and came in softer than expected, but still above the Fed's ideal. T&S is reflecting that pre-market traders are enjoying the news, albeit on low volume. It is the end of the quarter heading into the weekend so todays price action will be important, lets take a look at some...
Coinbase NASDAQ:COIN has been responding to higher terminal rate expectations, which have risen dramatically in the past month. In December 2022 and January 2023, the August Fed Funds futures contract previously showed a terminal rate of approximately 4.70%. And the consensus had adopted the view of significant rate cuts into year end 2023. Now, that has changed,...
Bitcoin looking to pull back.... inverse Cup and Handle. Measured move down to $22K area... <---- CAUTION here! Would like to see it bounce off the $23k support or if it can't hold there $22K of course... CPI came in better for Risk On but Unemployment came in lower to conflict the CPI data... Looks like Bears are winning the battle so far! More Market Moving...
Gold almost near to complete their daily time frame correction now very critical level to gold trun back 1816-1806-1780.
Lumber has been decimated over the last 3 weeks. With housing data coming out tomorrow along with PCE. Is this weak lumber chart signaling a continuation of yield strength moving up? Does the market interpret the housing data as negative? One thing is for sure interest rates should make a move tomorrow off of the data sets.
$SPY $SPX $ES1! Analysis, Key levels, and Targets AND we’ve got a hanging man candlestick… On an upswing, the Hanging Man candle is often seen as an sign of potential reversal in trend. A gap down and a close under the body of today’s daily candle would be confirmation and continuation of reversal…. I think y’all know my position. This is the area from my...
Hello guys, Currently DXY is resting on a strong support area at 101.773. Just a quick recap. We had the advanced GDP news release which saw a 2.1% growth in 2022 despite challenges like recession fears and high prices. The job market remained strong and people were optimistic about the future. If the Core PCE Price Index m/m data release yields are better than...
Update: The Trimmed Mean PCE inflation rate still rising See the reverse of Bitcoin🟠and the Trimmed Mean PCE⚫️inflation rate Love to keep you updated dear Crypto Nation? Comments & Follow appreciated 🤗 *not financial advice do your own research before investing
#NZDJPY NZDJPY should be slightly SELL because the MARKET RISK is off now. Also, since NZD RATES are high, we expect NZDJPY to go UP again. We look forward to the future behavior of NZDJPY. The reason is because the interest rate of NZD is higher compared to JPY. Either way, NZDJPY should be a LONG TERM BUY. Anyway, the PRICE can go down again on the...
Update: The Trimmed Mean PCE inflation rate still rising See the reverse of Bitcoin🟠and the Trimmed Mean PCE🔵inflation rate Love to keep you updated dear Crypto Nation? Follow appreciated 🤗 *not financial advice do your own research before investing
See the reverse of Bitcoin🟠and the Trimmed Mean PCE🔵inflation rate The Trimmed Mean PCE inflation rate is an alternative measure of core inflation in the price index for personal consumption expenditures What will the next month offer dear Crypto Nation? *not financial advice do your own research before investing
Comparison of German and US month over month inflation rates. Germany's data came out ahead of our PCE number tomorrow so looking for correlations here.
It was a week to forget for the Canadian dollar. USD/CAD jumped 1.51%, marking the Canadian dollar's worst weekly performance since mid-August. The currency is in positive territory, as USD/CAD is down 0.31% on the day. Canada releases the Raw Materials Price Index later today. The inflation index is expected to decline -1.3%, following a -1.1% beforehand. This...
With the most anticipated FOMC announcement in a long time coming tomorrow I'm throwing out my prediction: the Fed will be surprisingly patient with their tapering. This chart shows a few reasons why: 1. M2 growth does not have anywhere close to the same effect as it did on inflation in 1970. From the 3 decades 1970-2000 the CPI Growth/M2 growth was in the...
Sorry for the late post, I had to tweek this chart here. This is a comparison chart showing real disposable income to personal consumption expenditures, personal savings and corporate profit. Notice how the top two are now inverted. It's not 100% but that is your inflation. Less disposable income, higher priced expenditures. On the bottom I was tracking savings...
We have been playing the corrective bullish market sentiment since EOM June by taking advantage of bullish momentum. We have fallen again inside the previous OB (Order Block) created at the beginning of the month between 1795 KL and 1812.500 KL and I believe it is to position itself for the next impulsive move the market might have this upcoming week for EOM +...
The Canadian dollar has kicked off the trading week with strong gains. Currently, USD/CAD is trading at 1.2669, down 0.55% on the day. US yields moved higher last week, particularly the 10-year treasuries, which rose as high as 1.6% per cent. This move boosted the US dollar against the major currencies, and USD/CAD climbed close to 1% last week. However, bond...
The Canadian dollar has kicked off the trading week with strong gains. Currently, USD/CAD is trading at 1.2669, down 0.55% on the day. US yields moved higher last week, particularly the 10-year treasuries, which rose as high as 1.6% per cent. This move boosted the US dollar against the major currencies, and USD/CAD climbed close to 1% last week. However, bond...