Micron, Novavax, and Upstart warn investors of poor future earnings. Investors are waiting to see if US inflation has peaked. Rising bond yields cause the decline of growth stocks pushing stock futures lower. Micron, Novavax, and Upstart have warned investors that future earnings and revenue will be lower than anticipated. The S&P 500 dropped by Read More…
Year: 2022
E-mini Nasdaq 100 (NQ) Futures: Threat of Aggressive Fed Looms Over the Markets
Markets expect the Federal Reserve to take action against rising inflation. Nvidia expects a 19% drop in Q2 revenue. Tesla shares rose 0.8% after announcing contracts worth around $5 billion. Wall Street ended Monday’s trading day unchanged after last week’s massive jobs report confirmed expectations that the Federal Reserve will take action against inflation. Stock Read More…
British Pound (6B) Futures: British Economy to Seek Refuge On Tax Cuts
Britain will decide on its next Prime Minister in September. A new Prime Minister will adopt a different policy affecting pound futures. The BoE warned of a looming recession in the UK. The battle for the position of the prime minister of Britain is entering its last stretch, and the decision in September will likely Read More…
E-mini S&P 500 (ES) Futures Price Consolidating as Investors Eye Jobs Data
Investors await US jobs data for clues on Fed’s monetary policy. S&P 500 suffered losses in oil stocks as oil prices fell. On the charts, a retest of the 50-SMA could be a possibility as bulls show weakness. The E-mini S&P 500 (ES) futures price remains range-bound ahead of the key US jobs data release. Read More…
Gold (GC) Futures Outlook: Rising US Rates Weighing on Gold Prices
Gold is expected to average $1,745 per ounce in 2023. The real yield on US 10-year bonds turns positive. Fed officials maintain a more hawkish stance. The outlook for gold (GC) futures is slightly bearish as the US dollar pushes higher. As a result of high-interest rates and a strong US currency, gold will average Read More…
Crude Oil (CL) Futures Under Pressure Ahead of OPEC+ Meeting
Crude oil futures trading sideways ahead of the OPEC+ meeting. The demand for crude oil decreases amid a poor global economy. The crude oil price is technically within a pennant, looking for a bearish breakout. Following a drop of 1% in the previous trading session, crude oil (CL) futures prices were flat on Wednesday ahead Read More…
Bear and Bull Flag Pattern Trading
Continuation chart patterns occur in a trending market and typically indicate a momentary period of price consolidation before the market continues trending in the previously observed trend. This guide focuses on one such chart pattern – the flag chart pattern. We’ll break down the bear and bull flag pattern trading. What is the Flag Chart Read More…
E-mini Nasdaq 100 (NQ) Futures Pare Gains amid US-China Tension
Nasdaq futures struggle to break the 13000 mark. Escalating US-China trade tension shrinks investors’ risk sentiment. Further Fed tightening may also weigh on the Nasdaq. On Monday, the E-mini Nasdaq 100 (NQ) futures struggled to break through the 13,000 mark. Stock futures fell Tuesday morning amid rising tensions between the U.S. and China ahead of Read More…
Euro (6E) Futures Retreat amid Downbeat German Retail Sales
A lower-than-expected German retail sales report erases intraday gains for 6E. Bulls are not convinced with recent hawkish Fed statements amid a stable Eurozone GDP. US dollar bearishness paused amid a sluggish session due to Eurozone recession risks and China-US skirmishes. Intraday trading may be fueled by Eurozone Manufacturing PMI and Unemployment Rate Reports. A Read More…
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…