In this update we review the recent price action in the emini SP500 futures contract and identify potential action areas and price objectives for the trading week ahead

The market continues to show its approval of last week’s Fed decision in which the central bank went ahead with the bigger 50-basis point rate cut, while communicating a message that the US economy was fine.

Our analysis, forecast of contextual trends, and short-term outlook for ASX: WISETECH GLOBAL LIMITED - WTC aim to provide readers with insights into the current market trends and how to capitalize on them effectively.

In its last statement and discussion on monetary policy, the Federal Reserve essentially announced its official victory over inflation. Gold still looks like a good buy for celebrating the victory.

“We were wrong about the Fed, it having cut its Funds Rates -50bp rather than by our -25bp assertion; and as is our wont, when we’re flat out wrong, we fess up…”

Speculators continued to build long positions in precious metals as geopolitical risks in the Middle East, the Federal Reserve’s rate cut cycle and prospects of stronger festival demand in India keep the sentiment positive.

Bitcoin held steady on Monday morning as last week’s momentum faded. The BTC/USD currency pair was trading at 63,000, higher than this month's low of 52,000.

The first thing I see is that we continue to see a lot of resistance just above, especially near the 0.6850 level, an area that has been a major barrier for quite some time.

Go short following a bearish price action reversal on the H1 timeframe immediately upon the next touch of $1.1187 or $1.1241.

EUR/USD falls sharply below 1.1100 on weak Eurozone preliminary Purchasing Managers’ Index data of September. ECB policymakers appear to be increasingly concerned about inflation remaining persistent.

The price is above the MA200 indicating an uptrend, The Wave Oscillator is a Bearish Momentum.

Silver is now developing a structure within its wave 2. The only question I have is if silver has begun its third wave, or if there is one more drop to complete its wave 2 before the heart of the third wave begins in earnest.

Friday's Quarterly Expiration was not melodramatic, but mild as expected and what comes from here is debatable.

BLX It is a 49 year-old quarterly variable dividend-paying Panama-based  commercial bank and brokerage with a 20 year record paying variable quarterly dividends.

This weekly Extreme Positions report highlights the Most Bullish and Most Bearish Positions for the speculator category. Extreme positioning in these markets can foreshadow strong moves in the underlying market.

Continue to hold and build long positions, focusing on wave counts and tradinglevels to fine-tune your entry and exit points.

In 2023, the U.S. harvested 500 million metric tons of corn—a volume so immense it would fill over 1,000 of the world’s largest cargo ships, each with a 400,000 metric ton capacity.

The economy isn’t the market, and the market isn’t the economy. These things disconnected years ago.

Dozens of Top Ranked Magnet stocks breaking out

Some prognostications for upcoming data releases, including new home sales, durable goods, GDP.