Short Term Elliott Wave View in USDJPY suggests the rally from March 05, 2022 low is unfolding as a 5 waves impulse. Up from March 05 low, wave 1 ended at 115.95 and pullback in Read more…
Gold broke key support level 1950.00 Likely to fall to support level 1880.00 Gold recently broke the key support level 1950.00, intersecting with the 38.2% Fibonacci correction of the upward impulse from January. The breakout Read more…
It was a volatile session around the FOMC meeting but after the press conference, commodities and therefore commodity currencies rallied into the close. Wednesday US cash market close: The Dow Jones Industrial rose 518.76 points Read more…
Key takeaways As expected, the Fed hiked the Fed funds target range by 25bp to 0.25-0.50%. The Fed says that it “anticipates ongoing increases in the target range will be appropriate”. The median dots signal Read more…
The FOMC today hiked rates 25bps to 0.50% , as expected, by a vote of 8-1. St Louis Fed President Bullard was the sole dissenter and voted for a 50bps hike. However, the FOMC statement Read more…
DoorDash introduces a gas price relief program for its Dashers. Rising gasoline prices as a result of the Russia invasion of Ukraine have hit ride-sharing and food delivery service drivers in the pocketbook, forcing their Read more…
Meta’s Mark Zuckerberg opens about plans for Instagram and NFTs at the SXSW conference. Last October, Facebook Chief Executive Mark Zuckerberg told the world that the social media giant was going to be rebranded and reborn Read more…
The maker of the Mustang Mach-E stands out from its rivals in the face of soaring prices for raw materials. The price of almost everything is going up. This was already the case before Russia Read more…
Billionaire Tesla CEO offers to end Russian invasion of Ukraine with a fight between him and the Russian president. If it were not for the stakes and the circumstances — the liberation of a country Read more…
In a region largely dependent on imported oil, some economies at risk stand out. The fallout of Vladimir Putin’s invasion of Ukraine continues to seep into other countries. Oil price increases in India are “far Read more…