Day: November 7, 2024

The Federal Reserve cuts benchmark lending rate by a quarter percentage point.

SUMMARY OF FED DECISION (11/7/24): Fed cuts interest rates by 25 bps in 2nd cut of 2024 Vote for 25 basis point rate cut was unanimous Fed says risks to goals remain “roughly in balance” Labor market conditions have “generally eased” Fed removes “gaining confidence” on inflation moving to 2% Fed will continue to reduce its balance sheet submitted by /u/XGramatik [link] [comments]

☄️ Trading Combo ☄️ 📊💡 Try to combine moving averages with a Fibonacci extension to find the best entry and exit points.

☄️ Trading Combo ☄️ 💡 Try to combine moving averages with a Fibonacci extension to find the best entry and exit points. ⬆️As the EMA 50 crosses the EMA 200, it’s a good signal to look for buy positions. The level of 0.618 is located in the EMA200, and support zone, which is a perfect confluence area. ✅ The trade should be taken after a positive Price Action reaction to this level (candlestick formation). Fibonacci extension helps a trader to get the best Take Profit levels. forex #mt #ema #fibonnacci submitted by /u/Yuriy_UK [link] [comments]

Markets are officially in full risk-on mode. Current situation:

S&P 500 is rising toward 6000 like the bull market just started Gold prices are back above $2700 like the Fed is pivoting Oil prices are falling toward $70 like inflation is over Tech stocks are rising like the AI boom is back Volatility, VIX, is falling like a recession has been avoided Treasury yields are falling like rate cuts are coming submitted by /u/XGramatik [link] [comments]

S&P500 6K!

submitted by /u/XGramatik [link] [comments]

Polymarket whales hit the jackpot on Donald Trump’s victory – Lookonchain ▫️“Theo4” earned $20,400,000. ▫️The profit of “Fredi9999” amounted to $15,600,000. ▫️”zxgngl” earned $11,000,000.

🤑 Polymarket whales hit the jackpot on Donald Trump’s victory – Lookonchain ▫️“Theo4” earned $20,400,000. ▫️The profit of “Fredi9999” amounted to $15,600,000. ▫️”zxgngl” earned $11,000,000. submitted by /u/glira31 [link] [comments]

Did a brand new bull market just start?

Yesterday, the S&P 500 posted its largest daily gain in history on the day after Election Day. The index jumped +2.53%, adding $1.2 TRILLION of market cap, and closed at a fresh all-time high. submitted by /u/XGramatik [link] [comments]

MrMBrown: Short CB previews:

BoE: 25bp cut; 8-1 vote; CPI f’casts revised up; Bailey to go meet-by-meet, no repeat of ‘more activist’ line FOMC: 25bp cut; statement unch; Powell to ‘straight bat’ political Qs at the presser, repeat rates on a journey to neutral, speed hinges on data submitted by /u/XGramatik [link] [comments]

📈🔹 Trading on Trump increases the US dollar The dollar is strengthening in the foreign exchange market in response to the US elections, as expected.

🔹 Trading on Trump increases the US dollar The dollar is strengthening in the foreign exchange market in response to the US elections, as expected. 🔸 Investors react to political events, and in this case, the strengthening of the dollar became a noticeable trend after the announcement of the election results. 🔹 According to analysts, this reaction is the result of expectations of stabilization of economic policy and improvement of the business climate in the country. submitted by /u/Yuriy_UK [link] [comments]