Nasdaq 100 & S&P 500 Elliott Wave Update - Wednesday, July 31

TalkMarkets - Wed, 07/31/2024 - 20:49
Due to the market putting in a strong rally ahead of the FED decision and META's earnings. I noticed that the dispersion trade was likely back in motion today.

Federal Reserve: Setting The Scene For A September Cut

TalkMarkets - Wed, 07/31/2024 - 20:32
The Fed kept monetary policy unchanged, but offered enough for the market to keep faith with the 18 September FOMC meeting rate-cut call. Inflation is looking better behaved, the jobs market is softening and consumer spending is cooling.

Knocking On September’s Rate Cut Door

TalkMarkets - Wed, 07/31/2024 - 20:13
With the rates market knocking on September's rate cut door, investors are all in for a slice-and-dice affair at the next Fed Confab.

EUR/USD Cycles Familiar Levels As NFP Jobs Dump Looms Ahead

TalkMarkets - Wed, 07/31/2024 - 19:52
EUR/USD churned near key technical levels on Wednesday after the Federal Reserve (Fed) held rates steady for one last meeting as markets had broadly anticipated.

Electronic Arts: A Strong Long-Term Investment at Lifetime High

TalkMarkets - Wed, 07/31/2024 - 19:30
Electronic Arts is at a lifetime high, but I’d say it’s a terrific-looking setup as a long position for the long haul.

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