Event to pay attention to today: 15:30 EET. USD - Unemployment Claims GBPUSD: On Wednesday, GBP/USD exhibited limited movement, stalling near 1.27500 in response to the release of the US Consumer Price Index (CPI) data for November, which aligned with market expectations. The remainder of the week is relatively quiet in terms of UK economic data, with the US Producer Price Index (PPI) scheduled for release on Thursday. The US PPI inflation rate saw a slight increase in the year to November, with core PPI inflation rising from 2.6% to 2.7% year-on-year. Core PPI inflation remained unchanged at 3.3% year-on-year. Additionally, monthly core CPI inflation increased in November, rising from 0.2% in October to 0.3% month-on-month. Despite the overall increase in core inflation, Wednesday's CPI figures were largely in line with expectations, maintaining a moderate outlook for investors. CME's FedWatch tool indicates that there is now a 95% probability of a 25 bps rate cut when the Fed meets for its latest rate meeting on 18 December. Despite a short-term rise in CPI inflation, investors have concluded that the fluctuations in the published data are insufficient to prompt the Fed to reverse its latest quarter-point rate cut to end 2024. US PPI inflation is expected to decline on Thursday, with markets anticipating a similar outcome to this week's CPI data. Producer-level inflation is projected to increase at the front end of the curve but remain near recent levels. The core price index is forecast to rise to 3.2% y/y, up slightly from the previous reading of 3.1%. Trading recommendation: We follow the level of 1.27500, when fixing above it we consider Buy positions, when rebounding we consider Sell positions.
Another 14-15% gain is remaining in PIOC as per the curve the stock had broke out the curve in April'24 at a price of Rs. 145. The final leg of the curve projection is expected to be touched maximum by Feb'24 with a Target price of 250. SL can be placed at 170. Entry can be made at 210 to take an RR of 1:1
n the 15-minute time frame, EUR/USD is approaching a purple resistance zone. Here's my idea: Entry Plan: If the price breaks out above the purple resistance with confirmation, it could provide a long entry opportunity. First Target: The next resistance level in the pink zone. Key Caution: Be mindful of the black line, where the Point of Control (POC) is located. This could act as a key level of reaction. Monitor price action carefully as we approach these levels to confirm the breakout and validate the move. Let me know your thoughts! ?
M3 contains more asset classes than M2. So, to find the signs to bubble, in a point of historical view, it might be better, to compare value of equities with M3. Therefore you see below, what it means. Market crisis/crashes are marked. The differences from 2007/08 to others: there we had an Interbanken problem: no one trusted each other and was not willing to overtake overnight credits. Second: the fed announced, to take several repo papera from the list, which means big problems for some primary dealers. All in all it was not a problem of to much money in the system, the problem was, that some money was on wrong places. Panic driven at the end. Whatever: actually, no doubt, we have to much money in the system.
? **Coinbase ( NASDAQ:COIN ) Daily Chart – Bull Flag Formation!** ? Coinbase is printing a classic bull flag on the daily chart, hinting at potential continuation to the upside. Traders are watching for a breakout above the flag's resistance to confirm the move. Momentum could accelerate quickly! ? #SPX500 AMEX:SPY NASDAQ:QQQ #BITCOIN #CRYPTO
Bitcoin's journey remains centered on the descending broadening wedge pattern, with wave counts showing legs 1, 2, and 3 completed and leg 4 solidifying $90K as strong support. The next move is leg 5, projected towards $128K and potentially extending to the $140K zone, fueled by the current hype around Bitcoin. Stay tuned for timely updates as this develops, and feel free to share your thoughts in the comments so we can exchange ideas.
Hello Traders, this is Ripplayer XRP have been travelling between the Bull Flag channel and need to watch closely which way the XRP decides to head. This is a bullish sign. This trade has a target of ~ $3.30~ For this trade to be active it is crucial for XRP to breakout with a good volume candle close. Entry point will be at the retest to the support after the breakout. XRP is still very very BULLISH with good news ahead. WHAT ARE YOUR THOUGHTS? Thank you, Traders, for taking your time to have a look at my Analysis. Have a fantastic day and a safe trading, all the Best! "Chance favors the prepared mind.” – Louis Pasteur Please like, subscribe and share your ideas and charts with the community! Disclaimer! Information provided is not a financial advice, it is only educational purposes. You make your own choice!
gold long results targets 1 2 3 4 done all targets done 234% levx 100 46 % lev x 20 Congratulations followers Behind these results, relevant indicators. Behind every transaction won or lost, there are lessons. alone, not sure of getting there, you should learn from professionals to one day be financially free through trading
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Huge, 1600 square kilometre map of the region surrounding the Nürburgring coming to the game. Driving simulation specialist studio Kunos Simulazioni has today revealed that the upcoming Assetto Corsa EVO will feature a large, open-world map that "faithfully recreates the iconic Eifel region surrounding the legendary Nürburgring." The confirmation comes via Kunos' official website.