Forecasts & Analysis
Hang Seng Index, ASX200, Nikkei 225: Earnings Send the Nikkei South
It was a mixed morning session. While the Hang Seng and ASX 200 benefitted from Powell’s speech, corporate earnings weighed on the Nikkei 225.
XRP Bulls to Target $0.42 on Powell Driven Shift in Sentiment
It was a bullish Tuesday for XRP, with Fed Chair Powell turning technical indicators bullish. A lack of SEC v Ripple news will leave the Fed to influence today.
BTC Fear & Greed Index Sees Greed Signaling a BTC Return to $24,000
Fed Chair Powell delivered a breakout BTC session on Tuesday. Today, FOMC member chatter will continue to influence the NASDAQ Index and cryptos.
Crypto Market Daily Highlights: MATIC Led a Bullish Top Ten
It was a bullish Tuesday session, with Fed Chair Powell delivering the NASDAQ Index and the crypto market much-needed support after the Jobs Report.
GBP to USD Forecasts: Bulls Eye $1.21 on Fed Forward Guidance
It is a quiet day ahead for the GBP to USD, with no economic indicators for BoE speeches to consider. However, UK politics and Fed chatter will influence.
EUR/USD and a Return to $1.08 in the Hands of Central Bank Chatter
It is a relatively busy day ahead for the EUR/USD. While Italian retail sales figures will draw interest, ECB and Fed commentary will be the key drivers.
Powell’s Partial Truths “A big part of inflation is related to the pandemic”
The partial truth and nothing but the partial truth is a realistic way to characterize some of the statements made by Chairman Powell during an interview he held today with billionaire David Rubenstein.
Crude Oil Price Update – Strong Upside Momentum Ahead of API Inventories Data
Trader reaction to the short-term 50% level at $77.77 will determine the direction of April WTI crude oil into the close on Tuesday.
Gold Price Forecast XAU/USD – Hovering Near Session Low as Treasury Yields Surge
Treasury yields ticked higher even after Powell suggested that the Fed is making headway in its efforts to tamp down inflation.