US stocks closed higher overnight as investors cheered Fed Chair Jerome Powell’s suggestion that a September rate cut is “on the table.” Nevertheless, he emphasized that any decision would hinge on the “totality” of incoming Read more…
Key Highlights GBP/USD declined steadily before the bulls appeared at 1.2800. It cleared a connecting bearish trend line with resistance at 1.2840 on the 4-hour chart. Gold started a fresh increase and surpassed the $2,400 Read more…
Short Term Elliott Wave in USDJPY suggests that cycle from 7.3.2024 high is in progress as a double three Elliott Wave structure. Down from 7.3.2024 high, wave A ended at 155.37 and rally in wave Read more…
The scene is set for a September first cut by the FOMC. The underlying inflation trend warrants a series of cuts at a measured pace to a 3.375% terminal by mid-2026. At the July meeting, Read more…
S&P 500 index reversed from support zone Likely to rise to resistance level 5585.00 S&P 500 index recently reversed up from the support zone located between the support level 5400.00, daily Bollinger Band and the Read more…
EURNZD under bearish pressure Likely to fall to support level 1.8045 EURNZD currency pair under the bearish pressure after the earlier downward reversal from the long-term resistance level 1.8435, which stopped the weekly uptrend in Read more…
Summary As was widely anticipated, the FOMC left the fed funds rate unchanged at the conclusion of today’s meeting, but it opened the door to potentially easing policy at its next meeting on September 18. Read more…
The Fed made no changes to its monetary policy in the July meeting, as widely anticipated. Powell avoided pre-committing but firmly opened the door for initiating rate cuts in September. The Fed sees plausible scenarios Read more…
The new buzzword for automotive mobility is autonomy. The ability to take your hands off the wheel and let the car take over is a piece of technology that has been heavily touted by manufacturers Read more…
Since the late 1940s, drive-thrus have grown to become a convenient staple in the restaurant industry across the nation. For decades, consumers have enjoyed the option of ordering food at their favorite restaurant without leaving Read more…