In this update we review the recent price action in the emini SP500 futures contract and identify a trading plan for the session ahead and price objectives to target.

The price of gold continues to break records, with the symbolic threshold of $2,500 now exceeded. In euros, which concerns us more directly, an ounce of gold reached 2,300 euros, double its value five years ago - a remarkable performance!

Willdan helps “transition communities to clean energy and a sustainable future,” with offerings spanning electric grid solutions, energy efficiency, and beyond.

On Wednesday, 18 September 2024, the U.S. Federal Reserve acted to cut the Federal Funds Rate for the first time since 2020.

Bitcoin price held steady above $60,000 as traders reacted to the first interest rate cut by the Federal Reserve. The BTC/USD pair was trading at 60,200, a few points below this week’s high of 61,346.

Brent crude oil has regained its upward momentum, climbing towards 73.63 USD, following a recent decline triggered by comments from US Federal Reserve Chairman Jerome Powell.

Cryptocurrency Celestia with ticker TIAUSD forms a nice bullish setup with impulsive five-wave rally, followed by an A-B-C corrective setback that can send the price higher by Elliott wave theory.

If the price remains above the invalidation level, the bullish scenario stays intact, and the market is likely to continue its upward movement within the impulsive wave structure.

The USD/CAD pair may depreciate further as it has breached below the lower boundary of the ascending channel. The emergence of the bearish trend could push the pair to navigate the region around its six-month low of 1.3441.

The dollar fell on Wednesday after the FOMC cut the federal funds rate by 50 bps and projected another 50 bps rate cut before the end of the year.

Market reaction to Wednesday’s Fed decision shouldn’t come as much of a surprise. The Fed went ahead with the bigger 50-basis point rate cut, while offering up a balanced communication.

Today you will see GOLD price prediction based on the technical analysis. What is the support and resistance on the daily time frame for XAUUSD. What to expect where the price will breakout for the XAUUSD based on the supply and demand zones.

WTI jumps to over a two-week high on Wednesday amid the emergence of fresh USD selling. The Fed’s oversized rate cut, along with a positive risk tone, undermines the safe-haven buck.

Since the high at 4.02 wave (Y)-orange is unfolding as a zigzag. Wave A-grey has completed, and wave B-grey is unfolding to push higher, targeting around the high at 3.50. 

Total S&P 500 earnings are currently expected to be up +3.5% from the same period last year on +4.6% higher revenues.

Inflation is down to 2.6% and unemployment is starting to trend in the wrong direction so the 5.33% effective Fed Funds Rate was starting to look too restrictive.

Almost every time I see an expert interviewed on the macroeconomy, they suggest that a substantial portion of the inflation over the past 5 years has been supply side. That’s wrong; none of it has been supply side.

Pfizer is one of the world's largest pharmaceutical firms, with annual sales close to $50 billion. Over the past year, Pfizer's share price fell about 12.7% from $34.07 to $29.75 as of Wednesday’s market close.

Momentum investors look to ride bullish trends where buyers are in control. Three stocks listed here have seen positive price action recently, displaying relative strength compared to major indices.

It looks like the wave (2) correction is complete and the price is still likely to move up. Look for an opportunity to join the wave (3) uptrend.