Investors are breathing easier after the recent selloff. Central banks will not pause in their fight against inflation. Recession fears are still plaguing most investors. The Nasdaq 100 (NQ) futures prices are pushing higher on Tuesday as some risk sentiment returns to the equity market. The dollar is pushing lower after its rally, showing a Read More…
Expectations of rising prices in Canada are growing. The Bank of Canada is trying to manage price increases and avoid self-fulfilling inflation. On the charts, the RSI is showing signs of weakness in the bearish trend. The Canadian dollar (6C) futures is trying to recover some ground ahead of Canada’s inflation data. The pullback was Read More…
Investors scramble for safety as central banks battle rising inflation with tighter monetary policies. This week has seen a rise in interest rates worldwide. The next target for bulls is 1880.00 in the charts. Gold futures (GC) prices closed higher on Thursday and have started pushing higher after a pullback on Friday. This move was Read More…
Any price action has a series of steady bullish and bearish trends punctuated by momentary price consolidation. When timed accurately, breakout trading strategies can be invaluable for catching trends while they’re just beginning. And this is what the rising and falling wedge chart pattern trading is geared towards. What are Wedge Chart Patterns? A wedge Read More…
US corporate earnings are under threat from rising inflation. Falling profit expectations could mean further downside potential for S&P 500 E-mini futures. The price could be headed for 3650.00 on the charts. The E-mini S&P 500 (ES) is pushing lower on Thursday over growth concerns in the US, fueled by the Federal Reserve’s move to Read More…
A more hawkish Fed could dampen demand in the energy market, pushing crude oil futures lower. COVID-19 re-emergence in China could lead to restrictions that would affect demand. OPEC remains confident that demand will be higher than pre-pandemic levels. Crude oil futures (CL) prices are pushing lower amid fuel demand concerns on Wednesday. Investors are Read More…
A recession is looming over the world’s largest economy. Markets are trying to keep up with the Fed’s rate hikes outlook. The price of NQ retests the 11500.00 level and could hit 11250 soon. The world’s largest economy is facing a possible recession, which has caused panic among investors, pushing Nasdaq 100 (NQ) futures below Read More…
Investors seek safety in the dollar as inflation and Chinese lockdowns fuel fears of recession. China’s zero COVID policy might lead to new restrictions and slowed growth. On Monday, the Australian dollar (6A) was pushed lower as the US dollar strengthened on positive inflation data. The dollar traded higher on Monday amid recession concerns as Read More…
Investors are on the sidelines waiting for US inflation before making their next move. Higher inflation could push gold prices above 1850.00. On the charts, the price is stuck in a symmetrical triangle. Gold futures (GC) closed slightly lower yesterday after moving sideways through the day. This lack of volatility is because most investors are Read More…
Investors are waiting for clues on the ECB’s policy plans. 10-year Treasury yields crossed the 3% mark, pointing to an increase in interest rates. The index is caught in a sideways move on the 4-hour chart. Nasdaq 100 (NQ) futures pushed lower on Thursday before the ECB meeting, with investors nervously waiting for clues on Read More…
