US stocks tumbled broadly after Fed raised interest rate by 75bps overnight, and indicated that rate could reach 4.4% by year end. Chair Jerome Powell reiterated that pledge that “the FOMC is strongly resolved to Read more…
USD/JPY: On the H4 chart, price is still respecting the ascending momentum. We are still bullish bias- Price is testing above the previous low and if bullish momentum continues, it should bring price to first Read more…
Key Highlights USD/CAD gained pace and traded above the 1.3450 resistance. A key bullish trend line is forming with support near 1.3340 on the 4-hours chart. EUR/USD and GBP/USD extended losses below key support zones. Read more…
Short term Elliott Wave view on Nasdaq (NQ) suggests the decline from 8.17.2022 high is unfolding as a zigzag Elliott Wave structure. Down from 8.17 high, wave A ended at 12017.75. Wave B ended at Read more…
The FOMC hiked rates by 75bps today, as expected. The statement was similar to that of July’s. However, the accompanying “dot plots”, which show where FOMC members think interest rates are headed, were much higher Read more…
Summary The FOMC further stepped up its inflation-fighting game in September. The Committee hiked the fed funds target range by 75 bps, as was widely expected, but delivered a more hawkish projected path for short-term Read more…
A new study shows that airline customer satisfaction levels have declined this summer. Last year, the research firm J.D. Power found that air traveler satisfaction with North American airports reached an all-time high. Of course, Read more…
Morningstar has put together a list of the Top 10 dividend stocks that are widely held by its ‘ultimate stock-pickers.’ Given all the turmoil in financial markets recently, you may be interested in the regular Read more…
The legendary investor warns about the economic impact of the showdown between Beijing and Washington. Michael Burry became a legend after the financial crisis of 2008. This crisis, marked by the collapse of the real Read more…