Short Volume Ratio = Short Volume / All Volume. Source of Short Volume data comes from
FinraMoving Average Convergence/Divergence oscillator (MACD) is one of the simplest and most effective momentum indicators available.
Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. RSI oscillates between zero and 100. According to Wilder, RSI is considered overbought when above 70 and oversold when below 30.
We have lots of economic data out before today's opening bell, and all of it is surprising.
We have lots of economic data out before today's opening bell, and all of it is surprising.
Year over year PPI has come down precipitously, from +9.6% in April of 2022 and +5.7% in January of this year.
The U.S. Federal Reserve is contemplating additional interest rate hikes this year in response to persistent inflation, according to Governor Michelle Bowman's remarks on Friday. Despite significant strides in curbing inflation, Bowman emphasized the need for continued efforts during a speech to banking professionals in Colorado.
U.S. stock indices ended Wednesday on a downward trend, signaling market skepticism toward an extended period of elevated rates, following the Federal Open Market Committee's (FOMC) latest forecasts. The FOMC announced an additional rate hike for 2023 and revised their end-of-year 2024 rate projection to 5.1% from the previous estimate of 4.6%.
Philippine stocks experienced a fourth consecutive day of losses on Wednesday, with the Philippine Stock Exchange index (PSEi) closing at 6,041.04, a drop of 6.93 points or 0.12 percent. Meanwhile, the broader all-shares index lost 2.64 points, settling at 3,271.66, a decrease of 0.08 percent.
The financial market's attention is firmly on the upcoming Federal Reserve's policy meeting, with its potential implications for gold prices, silver, and the Canadian dollar. As per the CME’s FedWatch Tool, the prevailing consensus anticipates that the Fed will maintain the current interest rates, with a one-in-three chance of another rate hike before 2024 ends.
New Starts brought the lowest print since June 2020, and helps illustrate how 7%+ mortgage rates have thrown a wet blanket over the housing market as a whole.
The Federal Reserve is expected to uphold its current policy rate at its highest point in 22 years, following a two-day policy meeting set to conclude on Wednesday, September 20, 2023. This move will provide the central bank additional time to assess the impact of its rate increases as it continues its mission to reduce inflation to an annual target of 2%.
Tuesday saw a dip in the stock market with the S&P 500 and the Dow Jones Industrial Average dropping roughly 0.2%, and the Nasdaq Composite falling by over 0.4%. Investors are on edge, anticipating the Federal Reserve's latest policy meeting and updates on the Initial Public Offering (IPO) market.