Fed Holds Target Rate Unchanged; Revises Growth and Inflation Forecasts
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- March 19, 2025
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Fed Holds Target Rate Unchanged; Revises Growth and Inflation Forecasts
- March 19, 2025
As anticipated by economists and investors, the US Federal Reserve (Fed) kept the federal funds target rate at 4.25% – 4.50%. Overall, the rate statement and the Summary of Economic Projections (SEP) aligned with expectations. Rate Statement For ease of reference, I have highlighted new additions to the statement in green and indicated sentence removals
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Index and Commodities Trading Week Beginning 17/03/2025
- March 16, 2025
XJO WEEKLY Price structure: 5 Wave pattern. The 5 wave pattern discussed last week has played out below the 7910 level. The current price move is considered CORRECTIVE and not a trend change. The current move has closed in the congestion range above 7632 and now 7910 as resistance. With the Index now close to
READ MOREIndex and Commodities Trading Week Beginning 10/03/2025
- March 9, 2025
XJO WEEKLY Price structure: 5 Wave pattern. The Index has continued lower through key support levels to retest the 7910 level with a Bozu close indicating a close on the low of the range. This type of close can represent exhaustion of the move and can lead to a Bullish reversal during this week. The
READ MOREIndex and Commodities Trading Week Beginning 03/03/2025
- March 2, 2025
XJO WEEKLY Price structure: Bearish continuation. The XJO has set a clear breakdown from the 14-month rising channel, the Index may be entering a corrective movement decline. Support at 8083 is yet to be tested, to remain bullish this level should provide a reversal signal. On price declines Index value can retest initial breakout levels,
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RBA Poised to Reduce Cash Rate by 25 Basis Points
- February 16, 2025
The Reserve Bank of Australia (RBA) will meet this Tuesday and is widely anticipated to deliver its first rate cut in four years amid easing inflationary pressures. I am ‘reasonably’ convinced that the central bank will reduce the Cash Rate this week, a belief based on inflation and growth data that delivered prints south of
READ MOREIndex and Commodities Trading Week Beginning 17/02/2025
- February 16, 2025
XJO WEEKLY Price structure: Spinning top The Weekly chart of the XJO displays the Spinning Top candle showing indecision. This suggests a potential pause or reversal in the market’s current trend, indicating that traders are uncertain about the next direction. The spinning top is a clear signal of equilibrium between the buyers and sellers, reflecting the
READ MOREIndex and Commodities Trading Week Beginning 10/02/2025
- February 9, 2025
XJO WEEKLY Price structure: Consolidation The mid-week decline to retest the 8385 level was quickly rejected, leading to a strong recovery. This resulted in the index closing at the higher end of the range, and specifically at the current resistance level of 8515 points. Buyers remain in control of this 12 Month Primary UP Trend largely
READ MOREIndex and Commodities Trading Week Beginning 03/02/2025
- February 2, 2025
XJO WEEKLY Price structure: Breakout The Index continues to close at all time highs, driven by Bank stocks and the leading Industrials. Closing the week in the high end of the trading range indicating confidence in holding positions over the Weekend, the market looks set for continuation higher. Companies reporting quarterly activities dominate some of
READ MOREIndex and Commodities Trading Week Beginning 27/01/2025
- January 26, 2025
XJO WEEKLY Price structure: Breakout The 8385 level has remained the key resistance level to cross for the XJO 200 to remain bullish. A continued breakout above this level would be a significant bullish signal, attracting more buyers into the market and driving prices higher. Market participants will be closely monitoring the price action around
READ MOREIndex and Commodities Trading Week Beginning 20/01/2025
- January 19, 2025
XJO WEEKLY Price structure: Retest lower The Index is moving between to key levels of 8083 operating as Support and 8385 as Resistance. The current risk is a breakdown of the Index through support, at the 8083 level. Should this support fail, it would indicate a potential shift in market sentiment, possibly leading to further declines
READ MOREIndex and Commodities Trading Week Beginning 13/01/2025
- January 12, 2025
XJO WEEKLY Price structure: Retest higher As anticipation mounts about an interest rate cut in Australia and the coming US presidential inauguration, markets appear to be in a consolidation phase waiting for some further direction. The XJO Weekly chart shows a retest of the 8385-level taking place, resulting in two opposing hammer bars. This pattern,
READ MOREIndex and Commodities Trading Week Beginning 06/01/2025
- January 5, 2025
XJO WEEKLY Price structure: 2nd Inside range This Weekly XJO displays a 2nd Inside range, with a high close within the range, this current phase suggests that the market is currently in a state of equilibrium, with buyers and sellers in a stalemate. This pattern is often indicative of a period of indecision in the market.
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