Bill Baruch is president and founder of both Blue Line Futures, a futures and commodities brokerage firm, and Blue Line Capital, an RIA. He has more than a decade of trading experience and works with clients of all shapes and sizes. Mr. Baruch focuses on developing trading strategies that present a clear objective for both long-term and short-term trading approaches. He is a featured expert on CNBC, Bloomberg, and The Wall Street Journal, as well as other top-tier publications.
It is Fed Day; the committee concludes its two-day policy meeting at 1:00 pm CT. They are expected to keep rates unchanged and maintain the pace of their monthly asset purchases, states Bill Baruch of Blue Line Futures.
Friday certainly left something to be desired. We viewed Thursday’s CPI data as the biggest hurdle on the week, and it was, states Bill Baruch of Blue Line Futures.
This week’s price action across U.S. benchmarks has been broadly mixed. The S&P is unchanged, the Russell 2000 is up 2.5%, and whereas the NQ is +0.5%, the Dow is -0.5%., states Bill Baruch of Blue Line Futures.
After struggling at resistance all week, US benchmarks are now pointing lower and working their way through support, states Bill Baruch of Blue Line Futures.
The Dollar Index reversed sharply from a high of 98.70 paring all gains on the day. The Euro and Dollar now find themselves at crucial levels.