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Wednesday, September 18, 2024

European Markets Wrap-Up: There will be disappointment one way or another come the end of today

There will be disappointment one way or another come the end of today

AI image Heavy is the head that wears the crown. The Fed has a very, very big decision to make today. A rate cut is all but confirmed but the major question is by how much? They've been suggesting a l... 

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Russell 2000 Technical Analysis – The Fed is cutting rates into resilient growth

Fundamental Overview Yesterday, we got some more positive US data releases as the US retail sales came out a touch better than expected and the industrial production data beat forecasts erasing the hu... 

Oil technical analysis after Hezbollah pagers blew up

A lot of Hezballah pagers blew up yesterday but what will it do to the oil market? Some people thought oil might surge but the chart and price action does not care about what we think. Here is oil tec... 

Copper Technical Analysis – We are at a key resistance

Fundamental Overview Copper has been on a sustained downtrend since reaching its peak in May. A lot of the weakness has been attributed to the struggling economic recovery in China. Copper is sensitiv... 

Eurozone August final CPI +2.2% vs +2.2% y/y prelim

Prior +2.6% Core CPI +2.8% vs +2.8% y/y prelim Prior +2.9% No changes to the initial estimates for the August readings. It just reaffirms the slow path of the disinflation process in recent months, ke... 

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Latest Forex Orders

FX option expiries for 18 September 10am New York cut

It's all about the Fed today, and there isn't anything too significant on the option expiries board to really influence price action in the meantime. There is a decent sized one for USD/JPY at 141.00... 

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