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Record Closing Highs Amid Interest Rate Catch-22
Article By:
Mark Vickery
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Wednesday, May 15, 2024 11:45 PM EDT
Most major stock market indices are at all-time highs as of Wednesday’s close. Today’s CPI report for April set the stock market alight from the moment of its release prior to the opening bell.
America Needs To Go Cold Turkey On Debt
Video By:
Peter Schiff
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Wednesday, May 15, 2024 11:25 PM EDT
The only way to restore the economy to good health is to go cold turkey on debt, deficit spending, and money printing.
In this video: GLD
This Perfect Pullback Could Be Our Biggest Win Of All Week
Video By:
Joseph James
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Wednesday, May 15, 2024 11:05 PM EDT
We had a big move higher today and a retest of all-time highs…Put those 2 clues together and this PERFECT PULLBACK could be our easiest money all week!
GBP/USD Extends Its Upside Above 1.2680 On Weaker US Dollar
Article By:
Lallalit Srijandorn
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Wednesday, May 15, 2024 9:25 PM EDT
The GBP/USD pair extends its upside near 1.2688 on Thursday during the early Asian session. The uptick of the major pair is supported by the weaker Greenback after the release of softer US CPI inflation data.
AUD/USD Extends Rally As Buyers’ Eye 0.6700 Ahead Of Aussie’s Job Data
Article By:
Christian Borjon Valencia
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Wednesday, May 15, 2024 8:45 PM EDT
The Australian Dollar surged more than 1% against the US Dollar on Wednesday after data showed that consumer inflation moderated in April, with the underlying Consumer Price Index (CPI) edging lower for the first time in six months.
EUR/USD Reaches For 1.0900, Easing US CPI Inflation Pummels Greenback
Article By:
Joshua Gibson
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Wednesday, May 15, 2024 8:25 PM EDT
EUR/USD climbed on Wednesday in one of the pair’s single-best days of 2024, climbing towards 1.0900 and on pace to etch in a fourth consecutive gain week.
NZD/USD Price Analysis: Bulls Gather Traction And Brighten The Outlook, Indicators Hit Overbought Conditions
Article By:
FXStreet
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Wednesday, May 15, 2024 8:05 PM EDT
In the Wednesday session, the NZD/USD pair rides a strong bullish wave, with a recent increase of 1.28%. The uptick made the pair jump above its 100 and 200-day Simple Moving Averages, indicating that the outlook turned positive for the pair.
In this article: UUP
Fresh Breakouts For S&P And Nasdaq
Article By:
Declan Fallon
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Wednesday, May 15, 2024 7:05 PM EDT
Bit by bit, the bearish thesis I had outlined in April is no more. Today delivered strong breakouts for the Nasdaq and S&P, although the Russell 2000 (IWM) still has some work to do.
October Of 2024 Will Be Crucial Month For Cryptocurrency Investors
Article By:
Taki Tsaklanos
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Wednesday, May 15, 2024 4:34 PM EDT
ETHBTC is approaching 0.040. It looks like it is a matter of a few months until it will test that level.
No New Orders And No Spending In The Empire State
Article By:
Bespoke Investment Group
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Wednesday, May 15, 2024 3:00 PM EDT
The Empire State Manufacturing Survey's headline reading came in at -15.6. That compares to -14.3 for April and expectations of an improvement to -10.