Jump to content

Recommended Posts

Was just looking at the CME prob figures, fractionally lower at 79.1%, but difficult to imagine Powell won't go through with it and it will give a boost to the indices as the nay sayers will need to take their speculative bets off.

image.thumb.png.654cc1329b3ecb8c6dde27ee575ada4c.png

Edited by Caseynotes
  • Like 1
Link to comment

Only guessing 😎 (SP500 daily)

"The 66-year-old Fed boss has a losing record on Wall Street as it pertains to the market’s reaction to Fed’s statements and his words. He has had two winning days out of the past 11 meetings, with the only positive gains for the market coming in January when policy makers paused a string of rate increases,"

https://www.marketwatch.com/story/heres-how-the-stock-market-tends-to-perform-when-the-fed-cuts-rates-2019-07-30

 

SPX 31 7.png

Edited by Kodiak
Link to comment
21 minutes ago, Kodiak said:

I am surprised they missed take it to a new all time high today, maybe "they" are on holiday😁

"The two words from Jerome Powell that rocked the financial markets"

https://www.cnbc.com/2019/07/31/the-two-words-from-jerome-powell-that-rocked-the-financial-markets.html

yes it was comical, having previously admitted that the Fed had hiked too often too fast said today that this cut was just 'a mid cycle adjustment' and thereby implying that the Fed would soon be back to rate hikes too often too fast, just left everyone dumbfounded. He tried desperately to back track but the damage was done, his reputation was just tarnished before today but now it's unsalvageable, influencers are openly mocking him. 

Link to comment

Wednesday's FOMC statement and press conference didn't sound like the economy was in trouble... 

But there's an old saying that "actions speak louder than words", and the first rate cut in over a decade sends a much different message than the standard 'everything's fine' rhetoric we got from Fed mouthpieces.

Link to comment
9 minutes ago, Guest phil said:

Wednesday's FOMC statement and press conference didn't sound like the economy was in trouble... 

But there's an old saying that "actions speak louder than words", and the first rate cut in over a decade sends a much different message than the standard 'everything's fine' rhetoric we got from Fed mouthpieces.

Watching live the charts were relatively subdued until the start of the presser when he opened his mouth, that's when everyone was expecting a bit of insight but instead just got confused then incredulous and then realised they were watching a farce. The collapse of confidence in the Feds ability to assess and make decisions was the undoing rather than actual economic data. 

Trump still silent 🤬😡🤬 lol. 

  • Great! 1
Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • General Statistics

    • Total Topics
      20,103
    • Total Posts
      88,177
    • Total Members
      69,098
    • Most Online
      7,522
      10/06/21 10:53

    Newest Member
    TonyFX-DayShift
    Joined 04/10/22 18:10
  • Posts

    • US DOLLAR TALKING POINTS: The US Dollar has dropped by as much as 3.3% from the high that was set last Wednesday and many are asking if the USD has topped. Given how aggressively overbought the greenback had become, this retracement looks to be a correction in the trend with no evidence yet of anything larger. However – price is approaching some major supports and performance around those levels will be key for determining near-term strategy. Of particular importance is the fact that the US Dollar is a composite of global currencies so the bigger question is when sell-offs in EUR/USD or GBP/USD might return and, in a related item, how will USD/JPY hold up with the pair pegged to the 145 level thought to be the line-in-the-sand for Japan’s Ministry of Finance? Oct 4, 2022 | Full article on DailyFX James Stanley, Senior Strategist
    • EUR/USD and GBP/USD edge up while USD/JPY falters at ¥145.00 again A pause in the dollar rally sees USD/JPY stuck below recent highs, but both the euro and sterling have made gains in early trading against the greenback.    Chris Beauchamp | Chief Market Analyst, London | Publication date: Tuesday 04 October 2022  EUR/USD rebound continues After falling to a twenty-year low last month, the euro continues to rebound against the US dollar with EUR/USD. This still looks very much like a counter-trend bounce that sees the price head back to the 50-day simple moving average (SMA), currently $1.1018 and then begins to falter. This would be in line with previous bounces since April, all of which have found it impossible to hold above the 50-day SMA. This move could see the price head back to $1.01. Further targets lie at $1.02 and then $1.0374. Source: ProRealTime GBP/USD recovers $1.13 The GBP/USD continues to defy the doomsters with a recovery above $1.13. Its own counter-trend bounce remains intact, and if previous bounces are any guide there is still some potential for upside, even if it only reaches the 50-day SMA. Like EUR/USD, the pound is still making lower highs and lower lows against the dollar, with the previous peak at $1.176 marking out the initial target for this bounce. Both stochastics and moving average convergence/divergence (MACD) have room to move up to support this move, but selling the rallies still appears to be the approach here for this downtrending market, although it looks like for now there is still a desire to push the pair higher in the short-term. Source: ProRealTime USD/JPY stalls below ¥145.00 It does look like ¥145.00 is the ceiling in USD/JPY for the time being – repeated attempts to break higher have come to naught, despite the continued strength of the US dollar. Indeed, it is perhaps precisely that we need a pullback in order for the trend to revive. The pair rallied hard from the August-lows, and now sits at some distance from the 50-day SMA (currently ¥139.15). A pullback towards this level might ‘clear the air’, create a higher low and provide a springboard for fresh bullish momentum. Source: ProRealTime
    • FTSE, DAX and Nasdaq breaking higher as bulls return to the fold The FTSE, DAX, and Nasdaq are on the rise, as improved market sentiment helps drive stocks higher.    Joshua Mahony | Senior Market Analyst, London | Publication date: Tuesday 04 October 2022  FTSE 100 rises back into key intraday resistance zone The FTSE 100 has enjoyed a relatively upbeat start to the week, with the index pushing higher after a decline into the 6763 support level (March low). This rebound has taken price up into the confluence of trendline and swing-high resistance, with the ability to break up through this point bringing greater confidence of a protracted period of upside. Should such a move come to fruition, we would be looking at a potential wider retracement of the sell-off from 7515. For now, keep a close eye out for a break higher from here to signal the beginning of a more positive period for this index. To the downside, a break below 6763 would be required to signal the beginning of another major leg lower. Source: ProRealTime DAX breaks through resistance as the bulls regain influence The DAX has been fighting back this week, with the gains seen yesterday bringing the index up through the first swing-high of 12138. The subsequent resistance level of 12322 has been broken overnight, with price now rising into the confluence of the 27 September high and July low of 12432. As such, we are building a more positive picture for the near-term, with a rise through 12432 bringing greater confidence that we will see the index retrace the wider sell-off from 13571. That coincides with the wider descending trendline that has been respected over the course of the year thus far. Source: ProRealTime Nasdaq on the rise from key support The Nasdaq has been on the rise since the Monday gap lower, with the initial move below 11036 being swiftly recovered. That 11036 level represents the bottom established in June, with yesterday’s early decline bringing about a two-year low. However, we are now utilising this low as a potential area of support to push higher, with price having moved up through the 11298 swing-high. We have another notable swing-high at 11548 worth watching, with a break above that point signalling the beginning of a wider rebound for this index. To the downside, a move back below the recent low of 10887 would be required to bring about a renewed bearish short-term view for the index. Source: ProRealTime
×
×
  • Create New...