Inna-Rosputnia

Inna-Rosputnia

SP500 finished another record-setting week. The rally comes as bulls seem to be growing more comfortable with the Fed taking its foot off the gas sooner than Wall Street had been anticipating. Bulls still want to focus on booming growth expectations for the second half of the year as the pandemic recedes and economic activity accelerates. Fundamental...

Inna-Rosputnia

Investors are readjusting both their thinking and positions following the Federal Reserve’s less dovish tone. The Fed raised its inflation outlook by a full percentage point and penciled in two rate hikes a year earlier than previously indicated. Fundamental analysis At the same time, the central bank lifted its growth expectations for 2021 to +7%, an outlook far...

Inna-Rosputnia

We have a bit different situation in Silver. The flagging formations on the monthly chart failed more compared to Gold. In fact, in 2012 there was a clear depreciation in this market – flagging formation that broke to the downside; tight consolidation followed by the final breakdown. Certainly, it is too early to jump into this market, but in the case, we see a...

Inna-Rosputnia

A few weeks ago we had a look into Gold cycles, Intermarket forecasts, and COT. At that moment gold was flagging. As you know it usually follows this pattern very well. But it doesn’t mean always. The current breakout wasn’t qualified as we didn’t have a downclose candle prior to the breakout candle. Moreover, in 2012 we had a similar situation and it was a false...

Inna-Rosputnia

After SP500 futures tested massive Gann resistance on a daily chart near 4250, the market began consolidation in a tight range. And it formed a flagging formation in recent weeks. It is not a secret that such long consolidation in a tight range ends with a massive breakout. Moreover, if such consolidation happens near Gann resistance on a daily or weekly chart,...

Inna-Rosputnia

EUR pulled back to 4h MA50. We are coming up on the Memorial Day holiday which will keep markets closed on Monday, May 31. That could bring some added volatility with traders readjusting positions ahead of the long weekend, as well as critical data coming up next week, including the May Employment Report. Fundamental analysis With 50% of the U.S. adult...

Inna-Rosputnia

Covid has largely taken a back seat on markets expected to be fully open this summer. The situation is not as bright in some other parts of the world but for now, investors don’t seem overly concerned. Most Western countries are on a similarly positive track as the U.S., but as we are learning, bringing the global economy back online is a lot more complicated than...

Inna-Rosputnia

Exploding consumer demand has helped usher in material and labor shortages that are not only driving up costs and fanning inflation worries, they are also reducing manufacturing output. Fundamental analysis That means fewer pieces, parts, and finished goods sold all the way through entire supply chains. Companies may be able to offset higher costs and lost sales...

Inna-Rosputnia

Traders are digesting news that Biden plans to double capital gains taxes on the wealthy. As result, SP500 lost $30 in one trading session. However, it recovered the next day. The proposal has not been officially announced but details reported by Bloomberg include raising the top marginal tax rate to 39.6% from 37% while lifting the capital gains rate from 20%...