BOSTON, May 22 (Reuters) – Goldman Sachs (GS.N), opens new tab CEO David Solomon said on Wednesday he does not expect the Federal Reserve to cut interest rates this year.
“I’m still at zero cuts,” Solomon said at a Boston College event. “I think we’re set up for stickier inflation.”
USDX 4 HOUR CHART
No change to the key resistance at 105.10 that needs to be broken to confirm the last leg down Is over.
As I have been noting, I used USDX as a proxy for the EURUSD as it represents 57.6% of the index.dsE
Also, this is a CFD symbol so your prices may differ but the pattern should be similar.
You have seen me post my charts with red and blue lines forming patterns. This is the Amazing Trader charting algo. Let me show you how it all began and then evolved in
Monedge – if we put aside my string of loonies and other popular characters (instruments) on the net that I found interesting and silly at the same time, NVIDIA is something of our thing…kind of J
Daily close seems Bullish to me ( and so far I guess you figured out that I follow everything strictly technical) . I avoid getting involved in stocks – too much fundamentals that can swing the other way in a second , but this is textbook example for another leg up situation….your approach with Buy stops above the market follows the suit 😀
We should talk a bit more on the issue of as you call them “meme buys” and try to save at least some of those fans out there – the new generation really need some education ….
NVIDIA 4h
May 22 (Reuters) – Nvidia (NVDA.O), opens new tab forecast second-quarter revenue above estimates on Wednesday and announced a ten-for-one forward stock split, impressing investors who have already tripled the chipmaker’s market value in the past year on AI optimism.
Nvidia shares hit a record in extended trade and were last up 2.7% at $978. The AI poster child’s stock has risen more than 90% so far this year.
Re: Belgrade / 6:51 pm – Bobby there is no way the meme buy would stick. There are zero forward looking fundamentals in support of course. The only way would be if they actually have a transition plan into new markets that suit the times. Not the business plan of “sticking it to the man.” Same with Icarus eh?
Now to Nvidia. Buy stop above market approaching the 2pm PST release in Euro? Only the bold survive?
Monedge found the interview with the CEO of Strike this morning on Bloomberg television interesting. His playing field is the crypto space. He said, wearing a baseball cap and a tee shirt, he wants to “fix” the world and “fix” the monetary system and “do away with the dollar.” The younger generation is rebellious and cute that way. We would like to know how he intends to do that being that the crypto space is the very most attractive market in existence for international mob money, fraud, and deception at present in the infancy stages of the “asset.”
Monedge believes crypto has a bit of work to do first in upholding its sales pitch that it would be “impervious to fraud due to its structure.” Right now it is a trading vehicle and nothing more. Eventually there will be a regulated US crypto vehicle, a stablecoin type of vehicle. Until then, it is a very incomplete engine leaking oil badly. We bought Bitcoin at 20k and are waiting for 40k to be in again. If it never sees 40k, so be it. There is at present the US dollar and other actual currencies in which to participate.
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