This week marks the final Federal Reserve meeting of the year in the U.S., along with the awaited release of Consumer Price Index (CPI) and Producer Price Index (PPI) figures. Additionally, on Thursday, Intel will host an event to launch its AI products.
#FinancialNews #FedReserve #Inflation #AI #Intel
📄 Quarterly Reports:
Total companies: 39.
Reporting companies in the S&P index: 7.
Major names:
✅ Oracle (ORCL): Dec 11, after-market.
✅ Adobe (ADBE): Dec 13, after-market.
✅ Costco Wholesale (COST): Dec 14, after-market.
✅ Lennar (LEN): Dec 14, after-market.
✅ Johnson Controls (JCI): Dec 12, before-market.
✅ Darden Restaurants (DRI): Dec 15, before-market.
✅ Jabil (JBL): Dec 14, before-market.
🇺🇸 On December 12, the U.S. is set to release the Consumer Price Index (CPI) for November. A slowdown in year-on-year inflation is anticipated, decreasing to 3.1% from 3.2% in October.
On December 13, Producer Price Index (PPI) data for November will be released. A year-on-year deceleration in price growth to 1% is forecasted after a 1.3% increase the previous month. The core index (excluding food and energy prices) may decrease to 2.2% from 2.4% in October.
On December 13, the U.S. Federal Reserve will announce its decision on the benchmark interest rate. The market is 98% confident that the regulator will maintain the range of 5.25%-5.5% annually.
December 14 will bring retail sales statistics for November in the U.S., potentially influencing the holiday season shopping trends.
Also on December 14, Intel (NASDAQ: INTC) will host the AI Everywhere event, showcasing its developments in artificial intelligence. Intel will be the latest among major chip manufacturers to present such innovations. A similar event last week boosted Advanced Micro Devices' stock by 7% in a day.
By the way, a day earlier, Adobe will release a report that will also help gauge demand for its new AI solutions.
Finally, on December 15, industrial production data for November in America will be examined. Following a decline of 0.6% in October, a growth of 0.3% is expected.
🇬🇧 On December 14, the Bank of England will announce its decision on the key interest rate. No changes are anticipated, and the rate is expected to remain at 5.25%.
#FinancialNews #FedReserve #Inflation #AI #Intel
📄 Quarterly Reports:
Total companies: 39.
Reporting companies in the S&P index: 7.
Major names:
✅ Oracle (ORCL): Dec 11, after-market.
✅ Adobe (ADBE): Dec 13, after-market.
✅ Costco Wholesale (COST): Dec 14, after-market.
✅ Lennar (LEN): Dec 14, after-market.
✅ Johnson Controls (JCI): Dec 12, before-market.
✅ Darden Restaurants (DRI): Dec 15, before-market.
✅ Jabil (JBL): Dec 14, before-market.
🇺🇸 On December 12, the U.S. is set to release the Consumer Price Index (CPI) for November. A slowdown in year-on-year inflation is anticipated, decreasing to 3.1% from 3.2% in October.
On December 13, Producer Price Index (PPI) data for November will be released. A year-on-year deceleration in price growth to 1% is forecasted after a 1.3% increase the previous month. The core index (excluding food and energy prices) may decrease to 2.2% from 2.4% in October.
On December 13, the U.S. Federal Reserve will announce its decision on the benchmark interest rate. The market is 98% confident that the regulator will maintain the range of 5.25%-5.5% annually.
December 14 will bring retail sales statistics for November in the U.S., potentially influencing the holiday season shopping trends.
Also on December 14, Intel (NASDAQ: INTC) will host the AI Everywhere event, showcasing its developments in artificial intelligence. Intel will be the latest among major chip manufacturers to present such innovations. A similar event last week boosted Advanced Micro Devices' stock by 7% in a day.
By the way, a day earlier, Adobe will release a report that will also help gauge demand for its new AI solutions.
Finally, on December 15, industrial production data for November in America will be examined. Following a decline of 0.6% in October, a growth of 0.3% is expected.
🇬🇧 On December 14, the Bank of England will announce its decision on the key interest rate. No changes are anticipated, and the rate is expected to remain at 5.25%.
📈 Indices aim to continue their upward momentum, testing resistances...
#Market #Trading #Indices
🏛 What's happening in the market today? For more #freshupdate:
🔙 In the previous trading day, indices showed efforts to sustain positive dynamics, approaching local resistance levels and channel boundaries. The SPX index attempted growth, testing resistance at 4610 and the upper channel boundary. The NQ index also tried to continue its upward movement, successfully breaking through the boundaries of the inclined channel and testing the level of 16117.
🔆 Today, it's crucial for indices to maintain positions above local support levels at 15700 for NQ and 4500 for SPX to prevent a pullback from current levels and ensure the possibility of further growth upon surpassing the nearest levels at 16100 for NQ and 4610 for SPX.
🔎 What factors is the market currently focused on?
(1) China's inflation index dropped at the fastest pace in three years.
(2) Traders await data on inflation in the U.S. and the Federal Reserve's meetings later this week.
#Inflation #FinancialMarkets #Economy
📊 Sectors
Among cyclical sectors, XLE performed the best, bouncing back from local lows. ITA, XLF, and XLY attempted to continue growth in line with the market, while XLRE pulled back and showed less stability.
Among growing sectors, MJ, IPO, XLK, SOXX, and SKYY demonstrated growth, confirming local highs. Meanwhile, IBB and TAN retreated and were less successful.
Among defensive sectors, XLP showed a decline in relative strength compared to the market, testing lows, while XLV and XLU also lagged, showing more stable dynamics.
#Sectors #FinancialMarkets #Trading
💼 Stock News
(+) TSLA, RIVN - Piper Sandler highlights growth prospects for the electric vehicle sector.
(+) GOOGL - The launch of Google Gemini promises a successful 2024 for the company, according to Citi.
(+) BA - Boeing has modified a contract with USSOCOM worth $271.22 million.
(+) BA - China expresses interest in strengthening cooperation with Boeing.
(=) SBUX - Starbucks is ready to resume union negotiations in 2024.
(=) AAPL - Head of iPhone and smartwatch design at Apple is stepping down.
(+) AAPL - Production of iPads by Apple may be moved to Vietnam from China.
(+) MU - Micron reaches a labor agreement with the union at its Idaho plant worth $15 billion.
(=) AVGO - 2024 could be challenging for Broadcom, but Wall Street expects growth in the second half of the year.
(+) QRVO - Qorvo's rating is raised by Morgan Stanley; ratings for Qualcomm and Lam Research are lowered.
#Stocks #Exchange #FinancialNews
🌐 Intermarket Analysis
Oil continues attempts at a local recovery, overcoming inclines and approaching a test of the $72.6 level.
Yield also tries to move upward, approaching the 50-day moving average and incline boundaries.
VIX continues to decline, attempting to refresh lows at the 12.5 level.
Gold continues its correction, moving toward the lower boundary of the ascending channel and the $2000 level.
#GlobalMarkets #Oil #Yield #Gold #FinancialMarkets
🗣 Market Discussions
Stocks are rising on the "liquidity rally," and it is expected they will reach new highs in 2024, according to Fundstrat.
Tom Lee of Fundstrat suggests that stocks will reach new record highs in 2024.
This is tied to the Federal Reserve transitioning to a less restrictive monetary policy, paving the way for a "liquidity rally" in the market.
Lee claims that the S&P 500 index could rise to 5200 by the end of 2024, anticipating potential growth of 13% compared to current levels.
This is associated with expectations of a possible reduction in Fed interest rates next year, as inflation in the economy continues to show a weakening trend.
"The Fed is no longer waging an inflation war but is really transitioning to business cycle management — these are huge changes," says Lee.
#FinancialMarkets #Stocks #Fundstrat #Fed #Liquidity #Forecasts
#Market #Trading #Indices
🏛 What's happening in the market today? For more #freshupdate:
🔙 In the previous trading day, indices showed efforts to sustain positive dynamics, approaching local resistance levels and channel boundaries. The SPX index attempted growth, testing resistance at 4610 and the upper channel boundary. The NQ index also tried to continue its upward movement, successfully breaking through the boundaries of the inclined channel and testing the level of 16117.
🔆 Today, it's crucial for indices to maintain positions above local support levels at 15700 for NQ and 4500 for SPX to prevent a pullback from current levels and ensure the possibility of further growth upon surpassing the nearest levels at 16100 for NQ and 4610 for SPX.
🔎 What factors is the market currently focused on?
(1) China's inflation index dropped at the fastest pace in three years.
(2) Traders await data on inflation in the U.S. and the Federal Reserve's meetings later this week.
#Inflation #FinancialMarkets #Economy
📊 Sectors
Among cyclical sectors, XLE performed the best, bouncing back from local lows. ITA, XLF, and XLY attempted to continue growth in line with the market, while XLRE pulled back and showed less stability.
Among growing sectors, MJ, IPO, XLK, SOXX, and SKYY demonstrated growth, confirming local highs. Meanwhile, IBB and TAN retreated and were less successful.
Among defensive sectors, XLP showed a decline in relative strength compared to the market, testing lows, while XLV and XLU also lagged, showing more stable dynamics.
#Sectors #FinancialMarkets #Trading
💼 Stock News
(+) TSLA, RIVN - Piper Sandler highlights growth prospects for the electric vehicle sector.
(+) GOOGL - The launch of Google Gemini promises a successful 2024 for the company, according to Citi.
(+) BA - Boeing has modified a contract with USSOCOM worth $271.22 million.
(+) BA - China expresses interest in strengthening cooperation with Boeing.
(=) SBUX - Starbucks is ready to resume union negotiations in 2024.
(=) AAPL - Head of iPhone and smartwatch design at Apple is stepping down.
(+) AAPL - Production of iPads by Apple may be moved to Vietnam from China.
(+) MU - Micron reaches a labor agreement with the union at its Idaho plant worth $15 billion.
(=) AVGO - 2024 could be challenging for Broadcom, but Wall Street expects growth in the second half of the year.
(+) QRVO - Qorvo's rating is raised by Morgan Stanley; ratings for Qualcomm and Lam Research are lowered.
#Stocks #Exchange #FinancialNews
🌐 Intermarket Analysis
Oil continues attempts at a local recovery, overcoming inclines and approaching a test of the $72.6 level.
Yield also tries to move upward, approaching the 50-day moving average and incline boundaries.
VIX continues to decline, attempting to refresh lows at the 12.5 level.
Gold continues its correction, moving toward the lower boundary of the ascending channel and the $2000 level.
#GlobalMarkets #Oil #Yield #Gold #FinancialMarkets
🗣 Market Discussions
Stocks are rising on the "liquidity rally," and it is expected they will reach new highs in 2024, according to Fundstrat.
Tom Lee of Fundstrat suggests that stocks will reach new record highs in 2024.
This is tied to the Federal Reserve transitioning to a less restrictive monetary policy, paving the way for a "liquidity rally" in the market.
Lee claims that the S&P 500 index could rise to 5200 by the end of 2024, anticipating potential growth of 13% compared to current levels.
This is associated with expectations of a possible reduction in Fed interest rates next year, as inflation in the economy continues to show a weakening trend.
"The Fed is no longer waging an inflation war but is really transitioning to business cycle management — these are huge changes," says Lee.
#FinancialMarkets #Stocks #Fundstrat #Fed #Liquidity #Forecasts
📈 Indices continue moving towards highs, maintaining growth near levels of 2021-2023. #market #finance
🔍 What happened in the last trading day? SPX and NQ continued their upward trend, approaching levels of 4655 and 16600 respectively. #trading #stocks
🔆 Today, it's crucial to hold positions above support levels (16000 for NQ, 4560 for SPX) to prevent a pullback and ensure the possibility of further growth. #investing #stockmarket
📊 What's on the market's radar?
1. The Federal Reserve's meeting today.
2. Xi Jinping disappoints investors.
3. The dollar remains stable.
4. Traders closely watching Powell's signals regarding policy. #economy #financialnews
💼 Stock News:
- MSFT develops an innovative AI model.
- SNAP attracts 7 million new subscribers.
- NKE leads in clothing production according to Goldman. #stocks #marketnews
🌐 Intermarket Analysis:
- Oil is declining, approaching levels from the summer of 2023.
- Yield moves along the borders of a sloping channel (4.2%).
- VIX is decreasing towards 2019 levels.
- Gold tests the lower boundary of the growing channel. #globalmarkets #marketanalysis
🗣 Market Discussed Topics:
- The Fed is not ready for rate cuts.
- Expectations of maintaining interest rates at a stable level.
- The Federal Open Market Committee will keep rates in the range of 5.25%-5.5%. #fedreserve #economicnews
🔍 What happened in the last trading day? SPX and NQ continued their upward trend, approaching levels of 4655 and 16600 respectively. #trading #stocks
🔆 Today, it's crucial to hold positions above support levels (16000 for NQ, 4560 for SPX) to prevent a pullback and ensure the possibility of further growth. #investing #stockmarket
📊 What's on the market's radar?
1. The Federal Reserve's meeting today.
2. Xi Jinping disappoints investors.
3. The dollar remains stable.
4. Traders closely watching Powell's signals regarding policy. #economy #financialnews
💼 Stock News:
- MSFT develops an innovative AI model.
- SNAP attracts 7 million new subscribers.
- NKE leads in clothing production according to Goldman. #stocks #marketnews
🌐 Intermarket Analysis:
- Oil is declining, approaching levels from the summer of 2023.
- Yield moves along the borders of a sloping channel (4.2%).
- VIX is decreasing towards 2019 levels.
- Gold tests the lower boundary of the growing channel. #globalmarkets #marketanalysis
🗣 Market Discussed Topics:
- The Fed is not ready for rate cuts.
- Expectations of maintaining interest rates at a stable level.
- The Federal Open Market Committee will keep rates in the range of 5.25%-5.5%. #fedreserve #economicnews
Understanding the US Dollar Index (DXY)
Introduction
The US Dollar Index (DXY) is a real-time indicator reflecting the dynamics of the US dollar against a basket of other currencies. Widely used, it serves as a common way to track the value of the world's most traded currency and stands as a key market in itself.
What is DXY?
DXY, symbolizing the US Dollar Index, tracks the price of the US dollar against six foreign currencies, aiming to represent its value in global markets. This index rises when the dollar strengthens against other currencies and falls when the dollar weakens.
The index operates by comparing the US dollar's price with six other currencies: the euro, Japanese yen, British pound, Canadian dollar, Swedish krona, and Swiss franc. These currencies were selected when the index was formed in 1974.
How to Calculate the US Dollar Index
To calculate the US Dollar Index, each currency's rate in the basket is multiplied by its weight. Weights ensure that significant currencies, like the euro, have a greater impact on the DXY price compared to less significant currencies, such as the krona.
Today, the following weights are used for calculating the index:
- EUR/USD - 57%
- USD/JPY - 13.6%
- GBP/USD - 11.9%
- USD/CAD - 9.1%
- USD/SEK - 4.2%
- USD/CHF - 3.6%
As seen, the euro-dollar pair is undoubtedly the most influential in the DXY calculation, reflecting its replacement of several European currencies and the EU's status as a key US trading partner.
History of the US Dollar Index
DXY was introduced in 1973 after the end of the Bretton Woods Agreement. It provided markets with the opportunity to determine the value of the world's reserve currency following the end of the gold standard. The Intercontinental Exchange (ICE) has managed the index since 1985.
Historically, DXY has traded in a broad range and, unlike other indices, has not been consistently bullish. In March 1985, it reached a historical high of 164.63, while its lowest point occurred in April 2008 during the financial crisis, reaching 70.63.
Factors Influencing Price Movements of the US Dollar Index
Macroeconomic events, GDP data, the economic condition of each country, and the monetary and fiscal policies of central banks impact DXY prices. Safe-haven demand also influences the index: during global economic crises, traders often view the US dollar as a safe asset, leading to optimism in the index. Conversely, if risk sentiment prevails, and investors sell the dollar for riskier assets, the index may decline.
Why the US Dollar Index Matters for Traders
The US Dollar Index is crucial for traders as both a market and an indicator of the US dollar's relative strength worldwide. It can be used in technical analysis to confirm trends in commodity prices, currency pairs involving the US dollar, stocks, and indices.
As the dollar's value rises, the prices of commodities such as gold (at least nominally) tend to decrease, and vice versa. For currency pairs where the dollar is the base currency, like USD/JPY, they usually move in the same direction as the index. However, for quote currency pairs like EUR/USD, they move inversely. The relationship becomes more complex for stocks and indices, influenced by factors like US exporters' competitiveness and the purchasing power of the dollar.
In conclusion, the US Dollar Index (DXY) serves as a relative measure of the strength of the US dollar against a basket of six major currencies. Created in 1973, it remains relevant and can be used as an indicator of the health of the US economy. #USDollarIndex #ForexTrading #FinanceAnalysis #CurrencyMarkets #EconomicIndicators #TradingStrategies #GlobalEconomy #DXYInsights #MarketTrends #FinancialMarkets #InvestingTips #TechnicalAnalysis #CommodityPrices #CurrencyPairs #MarketIndicators #TradingSignals #USDEconomy #SafeHavenAssets #MarketAnalysis #InvestmentStrategies #FinancialNews
Introduction
The US Dollar Index (DXY) is a real-time indicator reflecting the dynamics of the US dollar against a basket of other currencies. Widely used, it serves as a common way to track the value of the world's most traded currency and stands as a key market in itself.
What is DXY?
DXY, symbolizing the US Dollar Index, tracks the price of the US dollar against six foreign currencies, aiming to represent its value in global markets. This index rises when the dollar strengthens against other currencies and falls when the dollar weakens.
The index operates by comparing the US dollar's price with six other currencies: the euro, Japanese yen, British pound, Canadian dollar, Swedish krona, and Swiss franc. These currencies were selected when the index was formed in 1974.
How to Calculate the US Dollar Index
To calculate the US Dollar Index, each currency's rate in the basket is multiplied by its weight. Weights ensure that significant currencies, like the euro, have a greater impact on the DXY price compared to less significant currencies, such as the krona.
Today, the following weights are used for calculating the index:
- EUR/USD - 57%
- USD/JPY - 13.6%
- GBP/USD - 11.9%
- USD/CAD - 9.1%
- USD/SEK - 4.2%
- USD/CHF - 3.6%
As seen, the euro-dollar pair is undoubtedly the most influential in the DXY calculation, reflecting its replacement of several European currencies and the EU's status as a key US trading partner.
History of the US Dollar Index
DXY was introduced in 1973 after the end of the Bretton Woods Agreement. It provided markets with the opportunity to determine the value of the world's reserve currency following the end of the gold standard. The Intercontinental Exchange (ICE) has managed the index since 1985.
Historically, DXY has traded in a broad range and, unlike other indices, has not been consistently bullish. In March 1985, it reached a historical high of 164.63, while its lowest point occurred in April 2008 during the financial crisis, reaching 70.63.
Factors Influencing Price Movements of the US Dollar Index
Macroeconomic events, GDP data, the economic condition of each country, and the monetary and fiscal policies of central banks impact DXY prices. Safe-haven demand also influences the index: during global economic crises, traders often view the US dollar as a safe asset, leading to optimism in the index. Conversely, if risk sentiment prevails, and investors sell the dollar for riskier assets, the index may decline.
Why the US Dollar Index Matters for Traders
The US Dollar Index is crucial for traders as both a market and an indicator of the US dollar's relative strength worldwide. It can be used in technical analysis to confirm trends in commodity prices, currency pairs involving the US dollar, stocks, and indices.
As the dollar's value rises, the prices of commodities such as gold (at least nominally) tend to decrease, and vice versa. For currency pairs where the dollar is the base currency, like USD/JPY, they usually move in the same direction as the index. However, for quote currency pairs like EUR/USD, they move inversely. The relationship becomes more complex for stocks and indices, influenced by factors like US exporters' competitiveness and the purchasing power of the dollar.
In conclusion, the US Dollar Index (DXY) serves as a relative measure of the strength of the US dollar against a basket of six major currencies. Created in 1973, it remains relevant and can be used as an indicator of the health of the US economy. #USDollarIndex #ForexTrading #FinanceAnalysis #CurrencyMarkets #EconomicIndicators #TradingStrategies #GlobalEconomy #DXYInsights #MarketTrends #FinancialMarkets #InvestingTips #TechnicalAnalysis #CommodityPrices #CurrencyPairs #MarketIndicators #TradingSignals #USDEconomy #SafeHavenAssets #MarketAnalysis #InvestmentStrategies #FinancialNews
🏗 U.S.: Analyzing Building Permits and Their Impact on the Economy
📅 Tomorrow's Expectations:
Tomorrow, we anticipate a significant event in the American economy — the release of updated data on Building Permits. This key indicator represents permits for construction, reflecting activity in the construction industry. Get ready to pay attention to this important news!
What are Building Permits:
Building permits are approvals issued for construction, reconstruction, or renovation of buildings. These permits not only legally authorize the commencement of construction but also serve as a crucial indicator of the state of the construction industry.
Impact on the Economy and Market:
1. Economic Health: The number of issued building permits reflects construction activity and can indicate the overall health of the economy.
2. Real Estate Market: Building permits serve as an indicator of demand for housing. Their increase may indicate heightened interest in real estate.
3. Economic Growth: Construction of new buildings contributes to economic growth by creating jobs and stimulating expenditures on construction materials and services.
4. Labor Market: Increased construction activity influences the labor market, providing new opportunities for workers in the construction industry.
Prepare for Analysis:
Stay tuned for updates and be ready to analyze important data that can impact various aspects of the economy. Follow our updates for a comprehensive understanding of trends in the U.S. construction industry!
🏡💼 #BuildingPermits #Construction #EconomicAnalysis #RealEstateMarket #FinancialNews #LaborMarketTrends
📅 Tomorrow's Expectations:
Tomorrow, we anticipate a significant event in the American economy — the release of updated data on Building Permits. This key indicator represents permits for construction, reflecting activity in the construction industry. Get ready to pay attention to this important news!
What are Building Permits:
Building permits are approvals issued for construction, reconstruction, or renovation of buildings. These permits not only legally authorize the commencement of construction but also serve as a crucial indicator of the state of the construction industry.
Impact on the Economy and Market:
1. Economic Health: The number of issued building permits reflects construction activity and can indicate the overall health of the economy.
2. Real Estate Market: Building permits serve as an indicator of demand for housing. Their increase may indicate heightened interest in real estate.
3. Economic Growth: Construction of new buildings contributes to economic growth by creating jobs and stimulating expenditures on construction materials and services.
4. Labor Market: Increased construction activity influences the labor market, providing new opportunities for workers in the construction industry.
Prepare for Analysis:
Stay tuned for updates and be ready to analyze important data that can impact various aspects of the economy. Follow our updates for a comprehensive understanding of trends in the U.S. construction industry!
🏡💼 #BuildingPermits #Construction #EconomicAnalysis #RealEstateMarket #FinancialNews #LaborMarketTrends
What news today and how they might affect trading briefly:
1. Building Permits:
- Impact: High. An increase may signal economic growth and investor confidence.
- Possible trading reactions: Rise in the US dollar with positive data.
2. Core Durable Goods Orders (MoM) (November):
- Impact: Strong. Measures orders for long-lasting goods excluding transportation and can reflect the state of the industrial sector.
- Possible trading reactions: Rise in the US dollar with positive data, negative impact on stock markets with weak figures.
3. Core PCE Price Index (YoY) (November):
- Impact: Moderate. Preferred inflation indicator for the Federal Reserve.
- Possible trading reactions: Rise in the US dollar with increasing inflation, negative impact on bonds with higher inflation.
4. Core PCE Price Index (MoM) (November):
- Impact: Moderate. Measures monthly changes in the core consumer price index.
- Possible trading reactions: Rise in the US dollar with increasing inflation, negative impact on bonds with higher inflation.
5. New Home Sales (November):
- Impact: Moderate. Reflects demand for new homes and can be an indicator of the overall real estate market.
- Possible trading reactions: Rise in the US dollar with a strengthening real estate sector, impact on the market for construction materials, and stocks of construction companies.
#Economy #Trading #USD #Inflation #Construction #RealEstate #FedReserve #Finance #Investments #Markets #EconomicNews #TradingInstruments #DataAnalysis #FinancialNews
1. Building Permits:
- Impact: High. An increase may signal economic growth and investor confidence.
- Possible trading reactions: Rise in the US dollar with positive data.
2. Core Durable Goods Orders (MoM) (November):
- Impact: Strong. Measures orders for long-lasting goods excluding transportation and can reflect the state of the industrial sector.
- Possible trading reactions: Rise in the US dollar with positive data, negative impact on stock markets with weak figures.
3. Core PCE Price Index (YoY) (November):
- Impact: Moderate. Preferred inflation indicator for the Federal Reserve.
- Possible trading reactions: Rise in the US dollar with increasing inflation, negative impact on bonds with higher inflation.
4. Core PCE Price Index (MoM) (November):
- Impact: Moderate. Measures monthly changes in the core consumer price index.
- Possible trading reactions: Rise in the US dollar with increasing inflation, negative impact on bonds with higher inflation.
5. New Home Sales (November):
- Impact: Moderate. Reflects demand for new homes and can be an indicator of the overall real estate market.
- Possible trading reactions: Rise in the US dollar with a strengthening real estate sector, impact on the market for construction materials, and stocks of construction companies.
#Economy #Trading #USD #Inflation #Construction #RealEstate #FedReserve #Finance #Investments #Markets #EconomicNews #TradingInstruments #DataAnalysis #FinancialNews
Title:
"Bitcoin ETF: A New Era of Cryptocurrency Investments Awaits SEC Approval"
Text:
According to recent data from the Financial Times, public miners spent $1.3 billion on acquiring ASIC miners in 2023, with $600 million allocated to this endeavor in December alone. This surge in mining investments coincides with the anticipated approval of a Bitcoin ETF, expected in January of the coming year. The interest is further heightened by BlackRock's frequent engagements with the SEC, adding to the optimism of crypto miners.
What is a Bitcoin ETF?
A Bitcoin ETF, or exchange-traded fund, is an investment fund traded on the stock exchange that tracks the value of Bitcoin. There are two main types of Bitcoin ETFs: futures-based and spot-based.
1. Futures-based ETF:
Tracks the value of Bitcoin futures contracts, which are agreements that obligate parties to buy or sell the asset at a predetermined price in the future.
2. Spot ETF:
Tracks the real-time value of Bitcoin and interacts with actual coins rather than contracts.
Examples of Bitcoin ETFs:
The debut of the first Bitcoin ETF in the U.S., ProShares Bitcoin Strategy ETF, in October 2021 was just the beginning. Since then, several other Bitcoin ETFs have emerged in various countries.
Impact on the Market:
Bitcoin ETFs can significantly influence the cryptocurrency market, providing new opportunities for investors to participate in Bitcoin without acquiring it directly. This influx of new investors could lead to a surge in cryptocurrency prices.
Expectations from the SEC and Launch Date:
With BlackRock's active involvement and frequent meetings with the SEC, crypto miners are optimistic about the approval of the Bitcoin ETF. The anticipated launch date is January 10 of the next year.
Hashtags:
#Bitcoin #ETF #Cryptocurrency #Investments #Finance #SEC #BlackRock #StockExchange #Predictions #FinancialNews #FutureFinance
"Bitcoin ETF: A New Era of Cryptocurrency Investments Awaits SEC Approval"
Text:
According to recent data from the Financial Times, public miners spent $1.3 billion on acquiring ASIC miners in 2023, with $600 million allocated to this endeavor in December alone. This surge in mining investments coincides with the anticipated approval of a Bitcoin ETF, expected in January of the coming year. The interest is further heightened by BlackRock's frequent engagements with the SEC, adding to the optimism of crypto miners.
What is a Bitcoin ETF?
A Bitcoin ETF, or exchange-traded fund, is an investment fund traded on the stock exchange that tracks the value of Bitcoin. There are two main types of Bitcoin ETFs: futures-based and spot-based.
1. Futures-based ETF:
Tracks the value of Bitcoin futures contracts, which are agreements that obligate parties to buy or sell the asset at a predetermined price in the future.
2. Spot ETF:
Tracks the real-time value of Bitcoin and interacts with actual coins rather than contracts.
Examples of Bitcoin ETFs:
The debut of the first Bitcoin ETF in the U.S., ProShares Bitcoin Strategy ETF, in October 2021 was just the beginning. Since then, several other Bitcoin ETFs have emerged in various countries.
Impact on the Market:
Bitcoin ETFs can significantly influence the cryptocurrency market, providing new opportunities for investors to participate in Bitcoin without acquiring it directly. This influx of new investors could lead to a surge in cryptocurrency prices.
Expectations from the SEC and Launch Date:
With BlackRock's active involvement and frequent meetings with the SEC, crypto miners are optimistic about the approval of the Bitcoin ETF. The anticipated launch date is January 10 of the next year.
Hashtags:
#Bitcoin #ETF #Cryptocurrency #Investments #Finance #SEC #BlackRock #StockExchange #Predictions #FinancialNews #FutureFinance
#TradingEvents #FinancialNews #GBPUSD #FOMC #BankOfEngland #InterestRates #Dollar #Unemployment #PMI #TreasuryBonds #Trading #Forex
📅 Events of the Day:
1. 12:30 Moscow Time - UK: PMI Index for the Services Sector.
2. 16:30 Moscow Time - USA: Initial Jobless Claims.
💷 GBPUSD: The FOMC meeting minutes from December 12-13 provided no hints about when the Federal Reserve's rate-cutting cycle might begin, supporting the dollar. Pessimistic assessments of the UK business leaders stimulate the Bank of England towards potential rate cuts. Trader expectations include around a 140 basis points reduction in rates by 2024. Dollar strengthening acts as an obstacle to the rise of GBPUSD.
📉 TechnicalAnalysis: It's preferable to remain cautious due to the mixed fundamental background. Traders are noting the retreat from the five-month peak around 1.2825-1.2830.
🔍 Analytics: Ahead of the release of the monthly US Non-Farm Payrolls (NFP) report, investors prefer to observe Thursday's economic indicators, including PMI for the UK and the US, as well as the ADP employment report for the US private sector.
📈 TradingRecommendation: When the level reaches 1.2682, it is recommended to open long positions. The Take Profit level is set at 1.2700.
📊 AdditionalInformation: More analytics is available on the [FreshForex](https://freshforex.org/analitics/fresh-forecast/?ff_mrk=analytics&utm_source=rssfeed&utm_medium=rss&utm_campaign=rssfun&ff_mrk=rss) website. #Trading #Forex #MarketAnalysis
📅 Events of the Day:
1. 12:30 Moscow Time - UK: PMI Index for the Services Sector.
2. 16:30 Moscow Time - USA: Initial Jobless Claims.
💷 GBPUSD: The FOMC meeting minutes from December 12-13 provided no hints about when the Federal Reserve's rate-cutting cycle might begin, supporting the dollar. Pessimistic assessments of the UK business leaders stimulate the Bank of England towards potential rate cuts. Trader expectations include around a 140 basis points reduction in rates by 2024. Dollar strengthening acts as an obstacle to the rise of GBPUSD.
📉 TechnicalAnalysis: It's preferable to remain cautious due to the mixed fundamental background. Traders are noting the retreat from the five-month peak around 1.2825-1.2830.
🔍 Analytics: Ahead of the release of the monthly US Non-Farm Payrolls (NFP) report, investors prefer to observe Thursday's economic indicators, including PMI for the UK and the US, as well as the ADP employment report for the US private sector.
📈 TradingRecommendation: When the level reaches 1.2682, it is recommended to open long positions. The Take Profit level is set at 1.2700.
📊 AdditionalInformation: More analytics is available on the [FreshForex](https://freshforex.org/analitics/fresh-forecast/?ff_mrk=analytics&utm_source=rssfeed&utm_medium=rss&utm_campaign=rssfun&ff_mrk=rss) website. #Trading #Forex #MarketAnalysis
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#TradingEvents #FinancialNews #Today'sMarkets
Today, attention is focused on two significant events:
1. At 16:00 Moscow Time, the release of Consumer Price Index data for Germany is expected. For more details about the Consumer Price Index, click [here](https://freshforex.org/encyclopedia-forex/consumer-price-index/?utm_source=rssfeed&utm_medium=rss&utm_campaign=rssfun&ff_mrk=rss).
2. At 16:30 Moscow Time, keep an eye on the number of Initial Jobless Claims in the USA.
#EURUSD: Over the last four sessions, the EURUSD pair has maintained a bearish trend. Currently, it has temporarily dropped below the 1.0900 level due to the strengthening of the US dollar. Positive employment data in Germany did not support the euro, which continues to be influenced by the dynamics of the dollar. The subsequent deterioration in the US labor market after unexpectedly low JOLTs data on job openings in November has also played a role.
The US Dollar Index (DXY) has risen to three-week highs, supported by a rebound in US yields. Anticipation surrounds news from the USA following the FOMC meeting in December, where discussions included the possible approach of interest rates to peak levels for the current economic cycle, as well as forecasts for rate cuts by 2024.
Comments from Richmond Fed member T. Barkin about a soft landing for the US economy and the possibility of rate hikes have also impacted the dollar. These factors have reinforced the already strong positions of the dollar in the middle of the week.
#TradingRecommendation: It is recommended to open sell orders in the range of 1.0910 - 1.0880. #Trading #Forex #MarketForecast #EuroDollar
Today, attention is focused on two significant events:
1. At 16:00 Moscow Time, the release of Consumer Price Index data for Germany is expected. For more details about the Consumer Price Index, click [here](https://freshforex.org/encyclopedia-forex/consumer-price-index/?utm_source=rssfeed&utm_medium=rss&utm_campaign=rssfun&ff_mrk=rss).
2. At 16:30 Moscow Time, keep an eye on the number of Initial Jobless Claims in the USA.
#EURUSD: Over the last four sessions, the EURUSD pair has maintained a bearish trend. Currently, it has temporarily dropped below the 1.0900 level due to the strengthening of the US dollar. Positive employment data in Germany did not support the euro, which continues to be influenced by the dynamics of the dollar. The subsequent deterioration in the US labor market after unexpectedly low JOLTs data on job openings in November has also played a role.
The US Dollar Index (DXY) has risen to three-week highs, supported by a rebound in US yields. Anticipation surrounds news from the USA following the FOMC meeting in December, where discussions included the possible approach of interest rates to peak levels for the current economic cycle, as well as forecasts for rate cuts by 2024.
Comments from Richmond Fed member T. Barkin about a soft landing for the US economy and the possibility of rate hikes have also impacted the dollar. These factors have reinforced the already strong positions of the dollar in the middle of the week.
#TradingRecommendation: It is recommended to open sell orders in the range of 1.0910 - 1.0880. #Trading #Forex #MarketForecast #EuroDollar