There have been 20 “funding gaps” and 4 full government shutdowns in the last 50 years. The last shutdown happened in December 2018 and January 2019. But the threat of a shutdown…
Chart Art: Bitcoin (BTC/USD) Is Approaching a Major Resistance Area!
Risk-taking and anti-USD sentiment are extending bitcoin’s gains against the U.S. dollar! How high will BTC/USD fly before the OG crypto goes back to its longer-term downtrend? If the downtrend picks up,…
Daily Broad Market Recap – September 19, 2024
It was another busy day as traders digested the Fed’s latest rate cut, BOE’s decision to stand pat, better-than-expected U.S. data, and developing stories in the Middle East. Which assets took advantage…
BOE Kept Rates at 5.00% and Emphasized Its ”Gradual” Approach to Easing
In an 8-1 vote, Bank of England (BOE) members voted to keep their official bank rate at 5.00% in September. Swati Dhingra, a known dovish member, voted for another 25bps rate cut…
Will The SAVE Plan Survive Legal Challenges?
Source: The College Investor A tangled web of lawsuits seek to block implementation of the SAVE repayment plan, especially the loan forgiveness provisions. Multiple appellate courts have issued preliminary injunctions that temporarily…
How To Use A 529 Plan If Your Child Doesn’t Go To College
Source: The College Investor The biggest fear of many parents saving for college: what do you do with that 529 plan money if your child doesn’t go to college? A 529 Plan…
Daily Broad Market Recap – September 18, 2024
With the Fed announcing a larger 0.50% interest rate cut and suggesting more easing to come, how did financial markets react to the news? Did we see a uniform reaction among major…
Chart Art: Potential Trend Support Areas For Gold (XAU/USD)
Spot gold turned lower from its $2,600 record highs following the Fed’s interest rate cut event! Are we looking at an opportunity to jump in XAU/USD’s long-term uptrend? Let’s take a closer…
Australia’s August Labor Market Data Shows Strength Despite High Interest Rates
Data from the Australian Bureau of Statistics (ABS) reflected the resilience of Australia’s labor market amidst an elevated interest rate environment. The economy added a net 47.5K jobs in August, higher than…
Event Guide: BOJ Monetary Policy Statement (September 2024)
The BOJ is not expected to change its policies this week, but the event will be under the spotlight as traders look for clues on the central bank’s immediate plans. Here…