Wells Fargo has adjusted its outlook for Federal Reserve policy, citing stronger-than-expected labor market data in recent months. Analysts at the bank now anticipate two 25-basis-point rate cuts from the Federal Open Market Committee (FOMC) in 2025 one in September and another in December down from its previous projection of three cuts at the start of the year. If…
The Dow Jones is holding near key moving averages on Thursday. Markets were largely unimpressed with US Retail Sales figures. Investors continue to hinge their exposure on Fed rate cut expectations. The Dow Jones Industrial Average (DJIA) struck a middling tone on Thursday, churning around the 43,200 handle and testing down around 100 points on the day. Price action…
2025.01.16 2025.01.16 Short-Term Analysis for BTCUSD, XRPUSD, and ETHUSD for 16.01.2025 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: Major Takeaways BTCUSD: The first part of a new bullish impulse wave is likely unfolding. Consider long positions from the current level with…
With Fed interest rate expectations still being a major theme for financial markets these days, what will the upcoming U.S. CPI release imply for policy biases? How will the dollar react and how will the numbers impact overall market sentiment? Here’s what to look out for in the December inflation report. This Article Is For Premium Members…
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you…
TSMC’s strong Q4 2024 earnings and positive 2025 forecast boosted market sentiment and drove gains in chip stocks like Nvidia. Overall corporate profits remain strong, with a high percentage of S&P 500 companies exceeding earnings estimates. Technically, the S&P 500 is still in a bearish trend, but a close above the 5981 handle could signal a change in structure…
2025.01.16 2025.01.16 Short-Term Analysis for Oil, Gold, and EURUSD for 16.01.2025 Alex Rodiоnovhttps://www.litefinance.org/blog/authors/alex-rodionov/ I welcome my fellow traders! I have made a price forecast for the USCrude, XAUUSD, and EURUSD using a combination of margin zones methodology and technical analysis. Based on the market analysis, I suggest entry signals for intraday traders. Gold has reversed its short-term downtrend. The…
Data from the U.S. Bureau of Labor Statistics was a mixed bag, with headline inflation rising more than expected but core inflation showing signs of moderation. Headline CPI climbed 0.4% in December, beating the forecast of 0.3%, mainly due to a 2.6% jump in energy prices. Monthly core CPI—which leaves out food and energy—came in at 0.2%, lower than…
Prior month -16.4 Manufacturing index for the month of December 44.3 vs -5.2 estimate. The highest level since April 2021 Details: The diffusion index for current general activity rose from -10.9 in December to 44.3 in January, the highest since April 2021, marking the largest monthly increase since June 2020. 51% of firms reported increased activity (up from 19%),…
EUR/USD wobbles around 1.0300 as the US Dollar consolidates while traders re-evaluate the Fed’s likely interest rate outlook for the entire year. Traders see at least one interest rate cut this year after mixed US inflation data for December. ECB’s Villeroy sees the deposit facility rate sliding to 2% by the mid-year. EUR/USD consolidates around 1.0300 in Thursday’s North…
