Crude oil and futures trading

Crude Oil (CL) Futures Rise amid Soft USD, Lower Crude Inventory

US dollar weakens after FOMC meeting. Risk sentiment remains positive amid a better-than-expected earnings report. Crude oil inventories significantly drop. Today’s crude oil (CL) futures price analysis is bullish as investors are willing to take risks. Crude stocks went down, and gasoline demand in the US increased, which helped prices rally today. “Risk sentiment has Read More…

Nasdaq 100 index futures (NQ)

E-mini Nasdaq 100 (NQ) Futures: Positive Tech Reports Boost Futures Prices Ahead Of FOMC

Microsoft forecasts strong revenue growth. Google posts positive results showing the company may survive a recession. Investors are expecting the Federal Reserve to raise rates by 75 basis points. The E-mini Nasdaq 100 (NQ) futures outlook remains bullish on Wednesday in the wake of positive risk sentiment. While investors were on edge ahead of a Read More…

E-mini S&P 500

E-mini S&P 500 (ES) Futures Outlook: Prices Dropping Ahead of Tech Earnings

Investors are expecting Google and Microsoft earnings reports later in the week. Walmart slashed its forecasts on Monday. On the charts, the price has found support at the 30-SMA. Today’s E-mini S&P 500 (ES) futures outlook is slightly bearish as markets face uncertainties about earnings and the looming Federal Reserve rate hike. Tech companies like Read More…

british pound futures 6b

British Pound (6B) Futures: Gains Capped amid Downbeat UK Business Activity

UK business activity fell less than expected in July. The probability of a 50-bps rate hike by the BoE has significantly decreased. UK consumer confidence is still at an all-time low. Today’s British pound (6B) futures outlook is bullish as investors expected a significant drop in business activity in the UK but were surprised by Read More…

gold futures (GC)

Gold Futures (GC) Outlook: Dollar Weakness Boosting Gold Futures

Dollar weakness after the ECB meeting has boosted gold futures. Gold has become cheaper for overseas buyers. The gold rally might be short-lived. Today’s gold futures (GC) outlook is bullish as the yellow metal shot up in price after the ECB rate hike. Gold becomes cheaper for overseas buyers as the dollar weakens, boosting demand. Read More…

crude oil futures (CL)

Crude Oil (CL) Futures Outlook: US Gasoline Consumption Drops

US gasoline inventories rose higher than investors expected. Supply concerns eased after crude production resumed in Libya. The Keystone Pipeline in Canada is still operating at reduced rates. Today’s crude oil (CL) futures outlook is bearish as investors worry over demand after US data showed a drop in gasoline consumption. US West Texas Intermediate crude Read More…

Fibonacci retracement levels
Strategies Trading Tips

How to Use Fibonacci Retracement Levels

Trading the support and resistance levels of an asset is probably one of the oldest and most reliable technical strategies. It goes without saying that asset prices never trend in a straight line – any trending market is often punctuated with momentary pullbacks or retracements. This is where Fibonacci retracement levels come in. These levels Read More…

Nasdaq 100

E-mini Nasdaq 100 (NQ) Futures Outlook: Netflix Forecasts Customer Growth in Q3

Netflix gave investors hope with optimistic growth forecasts. Risk sentiment has improved in the markets. On the charts, the price of NQ has broken above the 12200 mark. Today’s E-mini Nasdaq 100 (NQ) futures outlook is bullish after upbeat results from US companies overnight. Nasdaq futures gained 0.5% after stronger-than-expected results from Netflix offered a Read More…

E-mini S&P 500

E-mini S&P 500 (ES) Futures: Prices Consolidate Ahead of Central Bank Meetings

Investors are sitting on their hands ahead of the ECB and BoJ meetings. Apple plans to slow hiring and spending growth next year. On the charts, the price of ES oscillates between 3906.75 and 3746.25. Today’s E-mini S&P 500 (ES) futures outlook is slightly bullish as investors grapple with indecision amid a few macroeconomic and Read More…

Euro futures (6E)

Euro (6E) Futures Price: Markets Repricing the Fed’s July Hike to 75bps

Investors expect a 75 basis point rate hike from the Fed next week. The ECB is expected to raise rates for the first time this week. Vulnerable Eurozone countries are facing possible recession. The market outlook for Euro (6E) futures price remains bullish as markets change their Fed hike expectations from 100bps to 75bps. Consumer Read More…