I expect concerns about the Fed to weigh on sentiment ahead of the FOMC, and we may be seeing the beginnings of that now. SandP 500 futures are down 16 points, or 0. %....
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How do credit card companies view the health of the consumer?
Credit card companies have reported their earnings over the past 2 hours and are in a particularly good position to take a position on consumer health. Visa increases. This is CFO Vasant Prabhu, who...
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WTI Crude Oil Forecast: Touches the 50-Day EMA
Right now I’m not hesitant to buy, but I’m much more aggressive in selling because of exhaustion. , West Texas Intermediate crude traded slightly lower in Thursday’s trading, touching the 50-day EMA. The market...
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GBP/USD Forecast: Rallies after CPI Numbers
The question at this point is whether or not we continue to rise, but right now I’d say the odds are probably in the bulls’ favor. GBP/USD rose to , in Thursday’s trade following...
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GBP/USD Forecast: Sterling Plunges during the Thursday Session
Beyond that, the British Pound could be looking at a move to the 1.15 level, which is an area where we have a big, round, psychologically important number, and of course there was the...
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Dow Jones Forecast: Continues to Consolidate Ahead of Big Jobs Number
The general consensus is that there has been some hesitation in this market over the last two weeks as liquidity has been lost. After all, the market is on vacation and most traders were...
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