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US Dollar Commentary - Thursday, May 2
Article By:
James Harte
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Thursday, May 2, 2024 7:27 AM EDT
The US Dollar is trading lower today on the back of the May FOMC yesterday. The central bank held interest rates unchanged, as expected, but was far more close-guarded in its outlook than many were expecting.
In this article: UUP
WTI Crude Oil Commodity Elliott Wave Technical Analysis
Article By:
Peter Mathers
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Thursday, May 2, 2024 6:49 AM EDT
WTI Crude Oil Commodity Elliott wave Technical analysis
Tron Crypto Price News Today Elliott Wave Technical Analysis
Article By:
Peter Mathers
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Thursday, May 2, 2024 5:57 AM EDT
Tron's fourth wave correction appears to be complete at the level. 0.1051 and the price is rising again in the fifth wave.
In this article: TRX-X
USD/CAD Falls To Near 1.3700 Amid Higher Crude Oil Prices, Risk-On Mood
Article By:
Akhtar Faruqui
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Thursday, May 2, 2024 5:10 AM EDT
USD/CAD gained ground as the US Dollar struggled after Fed Powell dismissed the speculation of further rate hikes. The improved market sentiment supports risk-sensitive currencies like the Canadian Dollar.
Elliott Wave Analysis: SP 500 And Nasdaq 100 Bearish And Bullish Outlooks
Video By:
Peter Mathers
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Wednesday, May 1, 2024 11:10 PM EDT
Explore the Elliott Wave analysis for SP 500 and Nasdaq 100, highlighting the current bearish trends and the potential for a bullish recovery. Gain insights into possible future movements in these indices
USD/CAD Extends Its Downside Below 1.3750 On A Softer US Dollar
Article By:
Lallalit Srijandorn
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Wednesday, May 1, 2024 10:50 PM EDT
The USD/CAD pair extends its downside around 1.3730 during the early Asian trading hours. The downtick of the pair is backed by the weaker US Dollar Index (DXY) to 105.75.
Markets Sink After Powell Presser; Big Earnings Post-Bell
Article By:
Mark Vickery
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Wednesday, May 1, 2024 10:10 PM EDT
Markets surged today on Fed Chair Jerome Powell’s press conference, but markets could not hold those levels, and stocks fell to session lows by the closing bell on the S&P 500 and Nasdaq.
Silver Price Analysis: XAG/USD’s Uptrend Remains Intact, As Bullish Harami Looms
Article By:
Christian Borjon Valencia
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Wednesday, May 1, 2024 8:10 PM EDT
Silver's price stayed firm at around $26.64 after the Fed decided to hold rates unchanged and Powell’s press conference.
In this article: SLV
Crude Oil Recedes Post-Fed, WTI Tumbles Below $80
Article By:
Joshua Gibson
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Wednesday, May 1, 2024 7:50 PM EDT
West Texas Intermediate (WTI) US Crude Oil fell below $80.00 per barrel on Wednesday as US Crude Oil supply continues to overwhelm demand, and the US Federal Reserve (Fed) remains hobbled on the path forward toward rate cuts.
Large "Inverse Hammers" Kill Rally In Indices May 01, 2024
Article By:
Declan Fallon
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Wednesday, May 1, 2024 6:18 PM EDT
Today was not a great day for bulls; what looked promising for all indices intraday, was cooked by the close. The percentage loss for the day was not the issue, it was the intraday spread that caused the problem.
Leaving Penn Station
Article By:
Tim Knight
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Wednesday, May 1, 2024 5:13 PM EDT
Here’s Penn Entertainment (PENN) featuring the sparkling and zesty Dave Portnoy. This stock has destroyed about 90% of shareholder value since it peaked three years ago. I’m sure there’s more to come!
In this article: PENN
CVS Is Sick
Article By:
Tim Knight
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Wednesday, May 1, 2024 3:01 PM EDT
One would figure the nation’s biggest pharmacy would be a safe, conservative investment. Nope. CVS has lost about HALF its value in just two years.
In this article: CVS
Dow Jones Industrial Average Struggles To Recover From Recent Backslide As Fed Rounds Corner
Article By:
Joshua Gibson
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Wednesday, May 1, 2024 1:33 PM EDT
After this week's backslide, the Dow Jones Industrial Average (DJIA) is stuck in a rut, dragging the index below 38,000.00 as investors buckle down for another rate call from the US Federal Reserve (Fed).
GBP/USD Price Analysis: Wavers Below 1.2500 As Bearish Harami Looms
Article By:
Christian Borjon Valencia
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Wednesday, May 1, 2024 12:05 PM EDT
The Pound Sterling is virtually unchanged against the US Dollar following the release of mixed Purchasing Managers Index (PMI) data from S&P Global and the Institute for Supply Management (ISM).