S&P 500
Markets push higher as we approach CPI data on Thursday. Fed chairman Jerome Powell is set to speak today and tomorrow as well. More questions about the economy and the Fed’s policy for the rest of the year will likely not be answered by Powell. He has remained extremely vague and neutral to the data to avoid any market stir, but investors are anticipating a Fed cut this September.
Markets push higher as we approach CPI data on Thursday. Fed chairman Jerome Powell is set to speak today and tomorrow as well. More questions about the economy and the Fed’s policy for the rest of the year will likely not be answered by Powell. He has remained extremely vague and neutral to the data to avoid any market stir, but investors are anticipating a Fed cut this September.
❤10
Gold
Gold works its way higher and nears the all time highs while Powell testifies. There is lots of pressure on the Fed to cut interest rates regardless of where inflation sits and where it’s projected. Regardless of the reason to cut, gold will likely see some bullishness from investors due to a weaker dollar.
Gold works its way higher and nears the all time highs while Powell testifies. There is lots of pressure on the Fed to cut interest rates regardless of where inflation sits and where it’s projected. Regardless of the reason to cut, gold will likely see some bullishness from investors due to a weaker dollar.
👍25❤6🤷5
❤1
EdgeFinder MOBILE VERSION Is Now Live!
For existing EdgeFinder Pro users, this is a FREE UPDATE!
Access your favorite EdgeFinder features while on the go, from your iphone or android.
Request your access to the EdgeFinder's mobile version here now
For existing EdgeFinder Pro users, this is a FREE UPDATE!
Access your favorite EdgeFinder features while on the go, from your iphone or android.
Request your access to the EdgeFinder's mobile version here now
👍5❤1
GBP/USD
Will one cut even do anything for the US economy? No, probably not. I think what investors want to see is the start of the cutting trend so we can anticipate lower rates in the next few years. The BoE, on the other hand, is now at 2% inflation and still won’t cut. The pound looks stronger than the dollar right now. GU has closed above a strong, long-term wedge pattern.
Will one cut even do anything for the US economy? No, probably not. I think what investors want to see is the start of the cutting trend so we can anticipate lower rates in the next few years. The BoE, on the other hand, is now at 2% inflation and still won’t cut. The pound looks stronger than the dollar right now. GU has closed above a strong, long-term wedge pattern.
❤19👍6
This media is not supported in your browser
VIEW IN TELEGRAM
Check Out This Week's COT Data🔥
📊Data From The A1 EdgeFinder
EdgeFinder Trial Link: https://form.jotform.com/233167835217055
📊Data From The A1 EdgeFinder
EdgeFinder Trial Link: https://form.jotform.com/233167835217055
❤9👍2
GBP/USD
GU works its way back to a double top on the 4H timeframe on pound strength. Powell’s remarks yesterday were still dovish as he said holding rates too high for too long can be damaging to the economy. This further reinforced an interest rate cut this year which is expected to come as soon as September. Meanwhile, the BoE remains hawkish to monetary policy as they decided to keep rates the same even after reaching their inflation target. In the race to cut interest rates, US might do so before the UK.
Data from the A1 EdgeFinder
🚨 10% OFF w/ Code TGVIP
💬 Have questions? Chat with us!
GU works its way back to a double top on the 4H timeframe on pound strength. Powell’s remarks yesterday were still dovish as he said holding rates too high for too long can be damaging to the economy. This further reinforced an interest rate cut this year which is expected to come as soon as September. Meanwhile, the BoE remains hawkish to monetary policy as they decided to keep rates the same even after reaching their inflation target. In the race to cut interest rates, US might do so before the UK.
Data from the A1 EdgeFinder
🚨 10% OFF w/ Code TGVIP
💬 Have questions? Chat with us!
👍22❤5
On a long term trend of the S&P, price is up against the top of a channel on the 1D timeframe. A break in this could lead to a completion of the move higher towards the $5,700-800s level where there is another long term trend line. We have to keep in mind that tomorrow's CPI is going to be another catalyst for the stock market.
If CPI comes in hotter, the markets may react negatively and respect the current trend line resistance. If CPI is sticky or edges lower, it may boost price above this line. If the melt up isn't over, we could still see another 3+% to the upside on the SPX500. The market needs a reason to turn lower, and if inflation can't give the bears a green light, it's going to be hard to think of this current price level as the top. -Frank
If CPI comes in hotter, the markets may react negatively and respect the current trend line resistance. If CPI is sticky or edges lower, it may boost price above this line. If the melt up isn't over, we could still see another 3+% to the upside on the SPX500. The market needs a reason to turn lower, and if inflation can't give the bears a green light, it's going to be hard to think of this current price level as the top. -Frank
🔥13👍7❤4
⚡️CPI FLASH SALE ⚡️ 50% THE EDGEFINDER WITH CODE TGVIP
50% OFF for a LIMTED TIME ONLY! Don't miss out ⚡️
With this All-in-one Fundamental Dashboard you'll get access to:
📈 Top Setups
📈 COT Data & Retail Positioning
📈 Seasonality
📈 GDP Growth, MPMI & SPMI, Retail Sales
📈 Inflation (CPI)
📈 Employment Change
📈 Unemployment Claims
📈 Interest Rates
📈 Smart Money Indicator
📈 AAII Investor Sentiment
📈 Bank Forecast
📈 Price Forecast
📈 Put-Call Ratio
📈 Risk Gauge
📈 Carry Trade Scanner
📈 Historical Backtest
📈 Market Heatmap
Don’t miss out on this awesome deal! 🚀 Grab it while you can!
👉 Use code TGVIP for 50% OFF
💬 Have questions? Chat with us!
50% OFF for a LIMTED TIME ONLY! Don't miss out ⚡️
With this All-in-one Fundamental Dashboard you'll get access to:
📈 Top Setups
📈 COT Data & Retail Positioning
📈 Seasonality
📈 GDP Growth, MPMI & SPMI, Retail Sales
📈 Inflation (CPI)
📈 Employment Change
📈 Unemployment Claims
📈 Interest Rates
📈 Smart Money Indicator
📈 AAII Investor Sentiment
📈 Bank Forecast
📈 Price Forecast
📈 Put-Call Ratio
📈 Risk Gauge
📈 Carry Trade Scanner
📈 Historical Backtest
📈 Market Heatmap
Don’t miss out on this awesome deal! 🚀 Grab it while you can!
👉 Use code TGVIP for 50% OFF
💬 Have questions? Chat with us!
👍6❤1
🚨This morning's CPI came in lighter than expected
Unemployment claims also came in lower than expected
Unemployment claims also came in lower than expected
👍11❤10
As market drop, small caps jump higher on cooler CPI data. The RUSSELL is very much interest rate sensitive and has been a sector lagger and is now leading gains over the other indices. One thing to note is that we could be seeing a rotation from mega caps and big names into the other indices that had fallen behind.
Data from the A1 EdgeFinder
🚨 50% OFF w/ Code TGVIP
💬 Have questions? Chat with us!
Data from the A1 EdgeFinder
🚨 50% OFF w/ Code TGVIP
💬 Have questions? Chat with us!
❤6👍2🫡1
The NASDAQ dropped as much as 2% at the time of writing this marking a long overdue pullback in the tech market. If the rotation out of big tech continues, we might see the NAS100 give back all of its July gains or more. Big names like NVDA, MSFT, AAPL, GOOG and META are all down between 2-3% after this CPI data.
-Frank
-Frank
🔥10👍6😱5