Article By:
Monica Kingsley
Wednesday, May 1, 2024 8:35 AM EDT
Today‘s detailed analysis across all asset classes incl. lengthy intraday channel summary will be reserved for paying clients – that important was what we experienced yesterday, the whys and hows.
In this article: QQQ, DIA, SPX
Read
Article By:
Yohay Elam
Wednesday, May 1, 2024 8:31 AM EDT
Data from Canada revealed a smaller-than-expected 0.2% expansion in the economy. Investors are currently placing a 60% chance the BoC will cut rates in June. While investors expect 54bps of cuts in Canada, they only expect 32bps in the US.
In this article: FXC, UUP
Read
Article By:
Robert Petrucci
Wednesday, May 1, 2024 8:13 AM EDT
Another dose of nervousness has hit USD/CAD traders as the currency pair tests short-term highs and is within grasp of apex values seen in the middle of April.
In this article: FXC, UUP
Read
Article By:
Crypto Adventure
Wednesday, May 1, 2024 8:09 AM EDT
The BTC chart is depicting consistent downswings and dips which has now dipped below $58,000 for the first time in 60 days. This has added to the slowing market demand since the recent halving.
In this article: BITCOMP
Read
Article By:
Hallsteinn Arnarson
Wednesday, May 1, 2024 7:48 AM EDT
In my prior post from early April, I mentioned that I was closely watching if the OMXIPI and OMXI15, the two main benchmarks for the Icelandic stock market, are in the process of reversing their long-term trends from down to up.
Read
Article By:
FXStreet
Wednesday, May 1, 2024 7:41 AM EDT
Gold trades close to a more than three-week low around $2,285 in Wednesday’s European session. The precious metal weakens as the USD and bond yields strengthen amid speculation that the Fed will maintain a restrictive interest rate environment.
In this article: XAU Also: GLD
Read
Article By:
James Harte
Wednesday, May 1, 2024 7:33 AM EDT
Bitcoin prices have fallen back to their lowest level since February today, with BTC futures breaking down below the 60695 price level which has underpinned the market over recent months.
In this article: BITCOMP
Read
Article By:
Adam Lemon
Wednesday, May 1, 2024 7:31 AM EDT
The US Federal Reserve will be holding a policy meeting today. There is a near-universal expectation rates will be held, and the Fed will state that it cannot cut rates until there is progress bringing down stubbornly persistent inflation.
Read
Article By:
Peter Mathers
Wednesday, May 1, 2024 7:25 AM EDT
Wave B is still in progress. It looks to be in the last leg for a zigzag structure. The decline could continue to 207-to-199 before returning upside for wave C.
Read
U.S. recession risk remains low at the moment, based on the newsletter’s primary indicator, which aggregates several business-cycle metrics.
Over the last two weeks, the bullish sentiment index has reversed from extreme greed to fear. The composite net bullish sentiment index, comprised of professional and retail investors, fell from 38.15 to 9.9 in two weeks.
When considering IBM’s stock price forecast 2024, it is essential to focus on the overall trend rather than fixating on specific price targets.
Equilibrium was lost when an earnings-based reflex rebound restored S&P to around the 50-Day Moving Average, and then Tuesday simply worked into a more notable sell-off.
International Paper (IP) manufactures packaging products and cellulose fibers. Over the past year, International’s share price increased about 5.58% from $33.11 to $34.96 as of Tuesday’s market close.
