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.
XAUUSD – Gold
Supports : 2530.00 , 2500.00 & 2470.00
Resistances : 2590.00 , 2620.00 & 2730.00
If what we have seeing in last two months was a consolidation phase, this might be a start of the Rally.
Two levels come to mind in that case : 2750 & 2850
Mind you, market has no brains – I still remember Gold at 250 ( yes, didn’t miss a zero here – two hundred and fifty ), and at that time I had a problem calming down some big clients , forcing them to hold on their gold ( physical ) .
Now in this time of uncertainty , what better then Gold ?
Nasdaq 100 – NDX
Wall St mixed in choppy trade as PPI data keeps smaller rate cut in view
August producer prices slightly above estimates
Moderna tumbles after dour FY25 revenue forecast
Indexes: Dow down 0.13%, S&P 500 up 0.18%, Nasdaq up 0.43%
Wall Street’s main indexes were mixed in choppy trading on Thursday after higher-than-expected producer prices data kept a smaller 25-basis point rate cut by the Fed firmly on the table, while Moderna slumped following a downbeat revenue forecast.
S&P 500 – SPX
US Equity Indexes Rise as Market Prices in Gradual Monetary Policy Easing Following Hot Inflation Print
The S&P 500 index rose 0.7% to 5,590.2
The US Producer Price Index grew 0.2% month-over-month in August following a flat reading in July, the Bureau of Labor Statistics said Thursday, faster than the 0.1% gain expected in a survey compiled by Bloomberg. Excluding food and energy prices, core PPI climbed 0.3%, above the 0.2% gain expected and a 0.2% decline in the previous month.
On a year-over-year basis, PPI was up 1.7% in August versus a 2.1% growth in the previous month. However, the rate for PPI excluding only food and energy accelerated modestly to 2.4% from 2.3%, and the rate for PPI excluding food, energy, and trade services advanced to 3.3% from 3.2%.
Nvidia – NVDA
Nvidia’s stock extends gains: ‘The time to worry is clearly not now’
Nvidia Most Active Stock in S&P 500 and Nasdaq 100 So Far Today
Would be highest close since Aug. 28, 2024, when it closed at $125.61
Currently up five of the past six days
Currently up four consecutive days; up 16.76% over this period
Longest winning streak since Aug. 19, 2024, when it rose for six straight trading days
Best four-day stretch since the four days ending Aug. 15, 2024, when it rose 17.29%
Up 0.58% month-to-date
Up 142.44% year-to-date
Down 11.45% from its all-time closing high of $135.58 on June 18, 2024
Up 163.4% from 52 weeks ago (Sept. 14, 2023), when it closed at $45.58
© 2024 Global View