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Updated: 34 min 19 sec ago

Week's Main Events (February 19 – February 23)

Mon, 02/19/2024 - 07:42
Traders will scrutinize the FOMC minutes this week and look for clues as to when the Federal Reserve will start cutting interest rates. At the same time, the S&P Global PMIs flash index for the US will assess this month's economic performance.

China Returns, The US Is On Holiday, And The Dollar Consolidates

Mon, 02/19/2024 - 07:24
US markets are closed for President's Day, while China's markets re-opened from the long Lunar New Year holiday. Mainland stocks advanced, while the yuan slipped slightly.

AUD/JPY Retraces Its Gains On Improved Japan Machinery Orders, Trades Around 98.10

Mon, 02/19/2024 - 07:06
AUD/JPY snaps its three-day winning streak, trading lower around 98.10 during the European trading hours on Monday.

3 Goldman Sachs Mutual Funds To Watch For Gains In 2024

Mon, 02/19/2024 - 06:47
Goldman Sachs Asset Management is one of the world’s largest asset management companies, with over $2.6 trillion in assets under supervision.

3 AI Stocks That Nvidia Is Buying

Mon, 02/19/2024 - 06:31
At a $1.79 trillion market cap, Nvidia stock is now worth 45% of Japan’s nominal GDP of $3.93 trillion.

Bitcoin Price Analysis: Ethereum Climbs Above $2900 Level

Mon, 02/19/2024 - 06:23
On Saturday, the price of Bitcoin was under bearish pressure to start a deeper pullback. On Saturday, the price of Ethereum was retreating to the $2725 level.

Oil Prices Continue To Rise Due To The Situation In The Middle East

Mon, 02/19/2024 - 06:17
Geopolitical tensions in the Middle East and OPEC+ efforts to limit oil supply supported oil prices.

GBP/USD Forecast: Friday’s Positive Sales Boosting Pound

Mon, 02/19/2024 - 06:11
The pound extended gains made on Friday due to upbeat retail sales data. The dollar was weaker as markets in the US closed for the President’s Day holiday. This week, traders will focus on the FOMC meeting minutes and speeches from Fed policymakers.

Bitcoin Forecast: Continues To See Upward Pressures

Mon, 02/19/2024 - 06:06
Approaching key $52,000 resistance. Support at $47,500, with ETFs influencing market. Pullbacks seen as buying opportunities, but caution advised.

This Week: NDX Eyes 18k, Traders Anticipate AI Earnings Boost

Mon, 02/19/2024 - 06:00
Markets remain obsessed over US tech stocks, especially those that could see a massive earnings boost in the future thanks to artificial intelligence.

Asian Stock: Matrix Concepts Holdings

Mon, 02/19/2024 - 05:45
Matrix Concepts Holdings Berhad is a Malaysian property company engaged in property development, construction, education, and hospitality.

Copper Commentary - Monday, February 19

Mon, 02/19/2024 - 05:31
Copper prices are beginning the week in a quieter fashion after the solid gains we saw last week. The market surged higher by more than 4% as weakness in the US Dollar helped lift demand.

Major Changes Ahead

Mon, 02/19/2024 - 05:30
It's a recession rash. Economic growth expectations slashed, "unexpectedly", of course.

Brent Crude Holds Near Two-Week High

Mon, 02/19/2024 - 05:18
Brent crude oil prices have shown resilience, hovering just below the $83.00 mark per barrel as of Monday, reaching a notable two-week peak.

The Commodities Feed: Risk-Off Mode

Mon, 02/19/2024 - 05:15
The commodities complex came under pressure this morning amid weakness across risk assets.

Elliott Wave Technical Analysis: Bitcoin/U.S. Dollar - Monday, Feb. 19

Mon, 02/19/2024 - 05:00
Wave II correction appears to be over at the 81.485 level and the price is likely to be bullish again.

FOMC Minutes This Week Is The Clue To Rate Cut

Mon, 02/19/2024 - 04:45
The Fed meeting minutes are set to come out this Wednesday, an event that’s likely to take on greater significance.

Currencies And Equities Less Bothered By Recent Updates

Mon, 02/19/2024 - 04:30
Over the past several days we’ve seen a serious adjustment in Fed rate expectations, with the market now only expecting 3.5 cuts in 2024, down from near 7 a month ago.

Daily Market Outlook - Monday, February 19

Mon, 02/19/2024 - 04:22
China's markets did not show the anticipated enthusiasm after the break, with only modest gains in stocks so far. During the Lunar New Year holiday, tourism revenues surged by 47% compared to the previous year, with over 61 million rail trips taken.

How China Gets Around US Sanctions On Semiconductors

Mon, 02/19/2024 - 04:15
US sanctions backfire again. China is stronger as a result.

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