NAS100 DAILY CHART – 5 DAYS UP HERE TOO?
5 up days here, too, (assuming there is a higher close today) but you can see the key levels on this chart that would need to be taken out to make this more than just an impressive rebound.
Attention will be on whether the 5 day up pattern can be extended when the new week starts.
‘
US500 4 HOUR CHART- 5 DAYS IN A ROW
It has been pretty much a straight line up since the higher 5406 low but to make this more than just a rebound, it would need to take out the record 5672 high.
Standing in its way is 5657.
ATTENTION WILL BE ON THE 5 DAY UP PATTERN WHEN THE NEW WEEK STARTS ASSUMING THERE I A HIGHER CLOSE TODAY..
Sensible … BE SENSIBLE …
I say don’t be sensible – BE PROFITABLE !
Forget Dudley ( in FT), forget powell’s advisor, (FED wants you to think IT is focus on everything labor.)
As long as players keep on being anxious, the DLR is likely to be tilted to the downside.
I like to watch certain monkies in the jungle as sentries “coz they know” and one such animal currently is the USDJPY’s 140.20-18ish. All sorts of dominos plays will trigger if the yen goes stronger.
With all much due respect to those of the belief the FED will cut by .50, most of the actual executives you listen to think that thought is absurd and we will have a .25 basis cut. A 50 would shock the system and scream of inefficiency and recklessness, not to mention deep problems within the economy. A 25 basis cut would be more logical in almost all ways. The lack of a cut would also rattle markets as it would demonstrate lingering problems and not a “mission accomplished” position, which is what the business world is hoping to hear. There are already trillions of capital adjustments that have transacted in both business and finance in projection of a .25 basis cut.
Be sensible people.
GBPUSD Daily
Supports : 1.31150 , 1.30550 & 1.30000
Resistances : 1.31550 , 1.31900 & 1.32450
Pretty clear situation , with two scenarios :
– 1.30550 holds it’s grounds – we’ll be turning Up
– 1.30550 taken out – we’ll be gunning for 1.28500
Close tonight is very important and might give us a clue on coming days.
I’ll post an update late tonight.
Sept 13 (Reuters) – A look at the day ahead in U.S. and global markets by Amanda Cooper.
What a difference a day makes. Just 24 hours ago, investors were coming to terms with the idea that a half-point rate cut next week from the Federal Reserve was unlikely and a quarter-point drop was much more in line with a soft-landing scenario.
A couple of articles by closely followed Fed correspondents in the Financial Times and the Wall Street Journal overnight, along with comments from influential former Fed official Bill Dudley, have been enough to flip those assumptions on their head. It’s now pretty much 50/50 as to whether the Fed goes 25 basis points or 50 on Sept. 18.
now this is more to my interest:
2-year Treasury yield slides as investors assess interest rate outlook
comedy relief at the FED
The Fed’s Rate-Cut Dilemma: Start Big or Small?
By Nick Timiraos, Sept. 12, 2024
That the Fed will cut rates at its meeting next week is all but settled. But how much is shaping up to be a close call.
Federal Reserve Chair Jerome Powell faces a difficult decision as the central bank prepares to cut interest rates next week: Start small or begin big?
EURUSD 4 HOUR CHART – FRIDAY THE 13TH
1.1091 nicked only so far but 1.11, midpoint of 1.10-1.12 is probably more important in dictating whether EURUSD makes a fresh run at the 1.1201 high.
On the upside, the key trendline (see chart) would need to be broken to expose 1.1155 as a target.
On the downside, keeps a bid as long as it trades above 1.1055.
Otherwise, it is Friday the 13th if you are superstitious.
© 2024 Global View