US stocks initially jumped after Fed hinted in the statement that pace of tightening could slow ahead. But sentiment reversed after Fed chair Jerome Powell indicated that slower pace of hikes might come soon, Fed Read more…
Key Highlights Bitcoin price climbed above $20,000 but struggled near $21,000. It broke a key bearish trend line with resistance near $19,370 on the 4-hours chart. The price could resume upside if it clears the Read more…
Fed Review: Another Hawkish 75bp Hike – We Now Expect 50bp also in February Fed hiked rates by 75bp as broadly expected. Powell delivered a hawkish message, emphasizing the need to tighten financial conditions further. Read more…
Summary The FOMC raised its target range for the federal funds rate by 75 bps today, which was widely expected. Today’s statement was very similar to the one that was released after the last meeting Read more…
The Fed hiked rates by 75bps to bring the Fed Funds rate to the 3.75%-4.00% range, as expected. For a complete rundown and FOMC recap, see my colleague Matt Weller’s article here. Why was it Read more…
As we noted in our FOMC meeting preview report, the market had a 75bps interest rate hike priced in for weeks, and not surprisingly, that’s exactly what the central bank delivered. Therefore, we haven’t seen Read more…
EURJPY reversed from multi-year resistance level 148.00 Likely to fall to support level 144.00 EURJPY currency pair recently reversed down from the multi-year resistance level 148.00 (which stopped the sharp uptrend in 2014), standing above Read more…
While National Football League team revenues soar, market value follows. And the sale of a team becomes a massive financial event. The Washington Commanders National Football League (NFL) team may be up for sale, in Read more…
Twitter could be making big changes to their terms of service regarding adult content –and how to monetize it. Welp, Elon Musk bought Twitter and the internet has been broken ever since. It’s all anyone Read more…