The world’s second-largest gold consumer is trying to reduce gold demand in the country. Global gold prices fell after the announcement. Bears are eyeing May 16 lows on the charts. Gold (GC) futures outlook is bearish as the yellow metal reacts to India’s bid to dampen demand for imported gold. India raised its import tax Read More…
Central bank chiefs are committed to taming inflation despite the economic consequences. Investors worry that Q2 will be just as bad as Q1. The bears are dominating the market on the 4-hour chart. E-mini Nasdaq 100 (NQ) futures outlook today is bearish as investors’ risk sentiment has dried up amid recession worries. At a meeting Read More…
Have you heard about the Bond line trading strategy? It is a simple trading strategy that measures the daily ranges. Fun fact: It was developed in 2021 by one of the traders, named Bond. For those who were thinking the strategy was related to James Bond. Unfortunately, it’s not. It’s about finding the highest and Read More…
G7 leaders have agreed to a possible ban on Russian oil. Saudi Arabia might be unable to boost output, bringing back supply concerns. Political unrest in oil-producing countries could lead to tighter global supply. The outlook for Crude oil futures today is bullish due to the supply concerns fueled by primary producers Saudi Arabia and Read More…
China’s easing of COVID-19 restrictions has rekindled hopes for better growth prospects. The ECB will raise rates gradually. 4000.00 is the next target on the charts. The E-mini S&P 500 (ES) futures outlook is bullish owing to China’s easing of COVID-19 restrictions, giving hope for a better growth outlook. On Tuesday, China reduced the quarantine Read More…
Moving average convergence divergence (MACD) is one of the most versatile technical indicators – it’s both a trend and momentum indicator. The MACD indicator can best be described as a 2-in-1 indicator; it shows the start of a bullish or bearish trend using the MACD crossover and the strength or weakness of a trend with Read More…
Dollar weakness has pushed yen futures’ prices a bit higher. The BOJ’s summary of views for the June meeting is dovish. Bulls are in control on the 4-hour chart. Japanese Yen (6J) futures prices are pushing slightly higher on Monday, boosted by the declining US dollar. The summary of views at the BOJ’s June meeting Read More…
Improved risk sentiment is pushing gold prices lower. The dollar rally might resume as the Fed is not planning to pause its mission of rate hikes. The price of Gold is consolidating on the charts. Gold futures (GC) prices are pushing slightly higher on Friday after a bearish close yesterday as commodities continued declining across Read More…
Investors expect fuel demand to go down amid a possible recession. Russia is finding ways to keep its oil exports up by focusing on emerging economies. CL price is testing the May 19 lows in the charts. Crude oil futures (CL) prices continued to collapse on Thursday as major economies faced a possible recession that Read More…
The best day on Wall Street ended today as markets turned lower on recession fears. Investors are unsure whether inflation has peaked. US President Joe Biden is expected to call for temporary tax relief on gasoline. E-mini S&P 500 (ES) futures rose overnight as investors hoped the economic outlook would not be as bad as Read More…
