A snippet via Seema Shah, chief global strategist at Principal Asset Management: “Since the late 1980s…25-basis-point cuts have become the norm, and 50 basis points have been the exception.” Only two rate-cutting cycles have begun with cuts greater than 25 basis points: January 2001, amid the dot-com bubble, and September 2007 during the sub-prime mortgage collapse Both of those…
The Dow Jones clipped into yet another record bid on Tuesday. Investors are tilting into the risk-on side ahead of expected Fed rate cut. Markets are split on the depth of anticipated first Fed rate cut in over four years. The Dow Jones Industrial Average (DJIA) rose into a fresh record high for the second day in a row…
2024.09.17 2024.09.17 Short-term Analysis for BTCUSD, XRPUSD, and ETHUSD for 17.09.2024 Roman Oneginhttps://www.litefinance.org/blog/authors/roman-onegin/ Dear readers, I’ve prepared a short-term forecast for Bitcoin, Ripple, and Ethereum based on the Elliott wave analysis. The article covers the following subjects: Highlights and key points BTCUSD: the horizontal wave is expected to end at 65,000.00. Consider a long position. XRPUSD: an impulse rise to 0.654 is…
Is the Bank of England (BOE) due to announce another interest rate cut soon? The upcoming U.K. CPI release could have some clues about the central bank’s policy bias, so better read up on what market analysts expect for this major event! This Article Is For Premium Members Only Become a Premium member for full website access, plus…
AI image What do we make of the new dot plot on Wednesday? The Federal Reserve is due to release another edition of its forecasts around growth, inflation and — most importantly — where Fed funds are headed. At times, the market takes the dot plot as guidance on what the FOMC will do at future meetings, and at…
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2024.09.17 2024.09.17 Nvidia (NVDA) Stock Forecast & Price Predictions for 2024, 2025, 2026–2030, and Beyond Jana Kanehttps://www.litefinance.org/blog/authors/jana-kane/ As we navigate the stock market landscape, Nvidia (NVDA) emerges as a critical player worthy of attention for its future stock price movements. The pivotal question many are asking is, “Are Nvidia stock prices expected to go up or down?” Delving into…
It’s time for the blockbuster event of the month: the September FOMC decision! Will policymakers go for the standard 0.25% rate cut or will they level up with a 0.50% reduction in borrowing costs? Here’s what market analysts are expecting for the event and how USD pairs could react. This Article Is For Premium Members Only Become…
Canada CPI the lowest since March 2021 Today’s Canadian CPI report highlights how far the Bank of Canada has fallen behind the curve. Virtually the lone sources of inflation are mortgage interest and shelter, which is due to laggy rent calculations. Overall inflation is at 2.0%, hitting the target for the first time since 2021 but a deeper dive…
EUR/CHF bottomed and formed a Bullish Engulfing candlestick pattern on September 11. Since then it has recovered then pulled back – it could soon resume upside again. EUR/CHF reached a temporary bottom on September 11 and recovered. It is currently trading above 0.9400. There are signs that suggest it could continue higher despite the overall bearish medium-term trend. EUR/CHF…