Jerome Powell

Bitcoin: Tests 200-day SMA ahead of Powell & US data

Thu, 26 Sep 2024 10:05:22 +0000

Bitcoin: Tests 200-day SMA ahead of Powell & US data Lukman.Otunuga… Thu, 09/26/2024 - 13:05

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Bitcoin has struggled for direction since the Federal Reserve announced its 50-basis point rate cut last week. Still, the world’s largest cryptocurrency could experience big price swings with the right fundamental drivers.

Week Ahead: USDInd set for volatile week?

Fri, 10 May 2024 08:54:06 +0000

USDInd ↑ almost 4% year-to-date

Key US CPI report under spotlight

Watch out for Fed speeches

Trading within range on D1 charts

Levels of interest – 106.50, 105.60 & 105.00

Week Ahead: Gold bulls set to deliver knockout blow?

Fri, 24 Nov 2023 10:55:38 +0000

Week Ahead: Gold bulls set to deliver knockout blow? Lukman.Otunuga… Fri, 11/24/2023 - 12:55

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After throwing jabs at the psychological $2000 level, are gold bulls setting up for a knockout blow or ready to throw in the towel?

Trade Of The Week: Gold Primed For Another Breakout?

Mon, 28 Aug 2023 10:57:30 +0000

Gold prices have kicked off the new week still nursing deep wounds inflicted from last Friday’s painful selloff.

The precious metal's appeal took a hit following hawkish remarks delivered by Federal Reserve Chair Jerome Powell at Jackson Hole. With his comments leaving the doors open for further rate increases, gold found itself capped around $1920 as Read More

Week Ahead: Jackson Hole To Drive Sentiment

Fri, 18 Aug 2023 07:53:14 +0000

Get ready, folks!

It's that time of year again with the annual Jackson Hole Economic Symposium around the corner…

This is a major event where central bankers and financial heavyweights come together to tackle pressing economic issues that impact the entire world. When considering how such a gathering could provide investors with critical insights into the Fed’s stance on rates, financial markets are in for a rollercoaster ride Read More

Week Ahead: SPX500_m set for rollercoaster ride

Fri, 07 Jul 2023 09:10:30 +0000

Week Ahead: SPX500_m set for rollercoaster ride Lukman.Otunuga… Fri, 07/07/2023 - 12:10

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Even as markets turn cautious ahead of the highly anticipated US jobs report later today (Friday, July 7), investors are bracing for more action in the week ahead thanks to another round of risk events.

Mid-Week Technical Outlook: Indices & Commodities

Wed, 21 Jun 2023 10:20:22 +0000

Mid-Week Technical Outlook: Indices & Commodities Lukman.Otunuga… Wed, 06/21/2023 - 13:20

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A sense of unease gripped financial markets on Wednesday as concerns over China’s growth outlook and sticky UK inflation data left investors on edge ahead of Jerome Powell’s testimony to Congress.

Week Ahead: Powell’s Testimony May Move These 3 Markets

Fri, 16 Jun 2023 10:23:00 +0000

Week Ahead: Powell’s Testimony May Move These 3 Markets Lukman.Otunuga… Fri, 06/16/2023 - 13:23

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Global financial markets could see increased volatility over the coming week due to Federal Reserve Chair Jerome Powell’s semi-annual testimony to Congress.

Mid-Week Technical Outlook: Commodities & Indices

Wed, 08 Feb 2023 10:52:30 +0000

Mid-Week Technical Outlook: Commodities & Indices Lukman.Otunuga… Wed, 02/08/2023 - 12:52

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European markets flashed green on Wednesday, tracking gains in Wall Street overnight.

Market Mood Stabilises Ahead Of Powell

Tue, 07 Feb 2023 08:21:53 +0000

Asian markets stabilised somewhat on Tuesday morning following the broadly negative cues from Wall Street overnight as concerns over higher US interest rates left investors on edge. US and European futures seem to be pointing to a positive open despite the overall caution, with all attention directed towards commentary from Fed Chair Jerome Powell later today. In the currency space, the dollar pulled back slightly along with Treasury yields, allowing other G10 currencies room to fight back. Although gold has taken the opportunity to shine this morning, Read More