Job vacancies in the US decreased in August. The RBA is the first central bank to slow its rate hikes. Markets are hoping the Fed will follow in the RBA’s path. the E-mini Nasdaq-100 (NQ) futures prices are climbing after softer US economic data and Australia’s smaller-than-expected interest rate hike sparked optimism for less aggressive Read More…
Year: 2022
Nasdaq-100 (NQ) Futures Rally As UN Urges the Fed To Halt Rate Hikes
The UN and other Economists Urge Fed To Halt Rate Hikes NQ Bouncing Off Yearly Lows False Break Candle Setup UN Urges Fed To Halt Rate Hikes Even though these articles are focused on technical analysis, we cannot forget the macro-economic picture because it can significantly impact our technical decisions. The UN has urged the Read More…
E-mini S&P 500 (ES) Futures: US Manufacturing Slows as Inflation Eases
Risk sentiment is improving as US treasury yields fall. Manufacturing activity in the US grew slowly, pointing to reduced demand. Higher interest rates are discouraging consumers from spending in the manufacturing sector. E-mini S&P 500 futures prices increased by about 2% on Monday as US Treasury yields fell due to weaker-than-expected manufacturing data, boosting the Read More…
Euro FX Futures (6E): Technical Outlook Remains Bearish
Overall Trend Remains Bearish As Momentum Indicator Continues To Slump Analysis Of Parallel Channel, Moving Average Band, And Momentum Indicator Potential Game Plan As Euro Continues To Slide Bearish Trend Continues There is not much change in the daily chart from when we previously analyzed 6E back in September. We were looking primarily at taking Read More…
Euro (6E) Futures: Double-digit Eurozone Inflation Puts Pressure on ECB
Eurozone inflation came in higher than expected at 10.0% in September. ECB policymakers have been drumming up support for a 75bps rate hike. The euro’s decline against the dollar is increasing imported inflation. Euro (6E) futures prices rose after Friday’s inflation reading. Inflation in the eurozone soared beyond forecasts in September to reach 10.0%, a Read More…
E-mini S&P 500 (ES) Futures Barely Holding Support
The yearly low support breached. What the correlation between the major indices tells us Lackluster price action on the shorter time frames Yearly Support Breached The E-mini S&P 500 (ES) traded at the yearly low of $3,639 for the first time since June; prices actually breached the low before moving back upward and have been Read More…
The Importance Of Trading Psychology – Part 2
Why trader psychology is the most underappreciated element in trading. Cultivating self-control and discipline. A Practical exercise to improve discipline. Psychological Trading Mastering the psychology of trading is one of the most challenging yet underappreciated elements of learning how to trade the markets, regardless of whether one trades part-time from home or trades professionally for Read More…
E-mini Nasdaq-100 (NQ) Futures: Fed Remains Unfazed Amid Global Market Turmoil
There are still uncertainties regarding the UK’s new fiscal policy. The US economy is still showing strength after a drop in jobless claims. The Fed will not pause anytime soon despite global market tensions. Investors added to the E-mini Nasdaq-100 (NQ) futures selling cycle as the dollar’s grip on the currency markets hardly relaxed, recession Read More…
Crude Oil (CL) Futures Analysis Proving Profitable
The hanging man from the previous analysis yielded over 767 points Re-cap on Bearish $70 medium-term target Short opportunities as CL rallies into the resistance zone 767 Points Profit The hanging man we analyzed here provided a 767-point move as CL fell swiftly below $81. The pattern has played out but is still intact and Read More…
Crude Oil (CL) Futures Price Falling on a Stronger Dollar and Recession Worries
A stronger dollar is restraining overseas demand for oil. US crude inventories dropped more than analysts had anticipated. China’s demand for crude oil is expected to drop. After rising by more than $3 the previous session, crude oil (CL) futures prices pulled back on Thursday. A strong dollar restrained demand, and market jitters over the Read More…