Convenience Yield and Backwardation
Fundamental Analysis

Currency Futures Rise on Dollar’s Decline Amid Inflation Slowdown

Currency futures rose on Friday as the dollar declined against major currencies after new data showed a slowdown in inflation. Investors were also closely monitoring multiple central bank decisions last week to gain insights into the future of monetary policy. US inflation (Source: Bureau of Economic Analysis) In June, US annual inflation rose at its Read More…

Technical Analysis

Converging Pattern spotted on Russell 2000 Futures (RTY)

Introduction: RTY has surged 22% since its lows in October last year, showcasing the strong bullish momentum. The upward-sloping 50-day moving average and an RSI of 62 reinforce equities’ optimistic outlook. Currently trading on the point of control line for the volume profile indicator, RTY faces a resistance zone just above the 2000 level, coinciding Read More…

Fundamental Analysis

Gold Prices Slide to Two-Week Low Amid Stronger Dollar, Rising Bond Yields

A stronger dollar and rising bond yields caused gold prices to drop over 1% to a two-week low. Spot gold declined by 1.4% to $1,943.89 per ounce, while US gold futures fell 1.36% to $1,943.40 per ounce.  The US dollar gained ground on Thursday, driven by news of stronger-than-expected economic growth in the country, despite Read More…

Crude oil (CL) futures
Fundamental Analysis

Oil Prices Slide 1% on US Crude Inventory Miss and Fed Rate Hike

On Wednesday, oil prices dropped by approximately 1% due to two factors. Firstly, data revealed that US crude inventories fell less than anticipated. Secondly, the Federal Reserve raised interest rates by 0.25 percentage points. Earlier in the session, oil experienced a decrease of more than $1, despite reaching three-month highs on Tuesday.  WTI futures (Source: Read More…

Technical Analysis

A fresh look at T-bond futures (ZB)

Introduction: Based on the daily chart, this technical analysis of T-Bond Futures (ZB) will examine the recent price movement, key technical indicators, and potential trading opportunities. Throughout the year, ZB has experienced relatively flat price action, lacking a clear trend. The 50-day moving average sloping downward and the price trading below it suggests the presence Read More…

Stock price chart
Fundamental Analysis

Equities Gain Amid AI Optimism, Led by Tech Heavy Nasdaq

US equities ended Tuesday higher as The Nasdaq, a technology-heavy index, drove gains. Investors were excited about artificial intelligence, anticipating earnings reports from tech giants Alphabet and Microsoft. Both Alphabet and Microsoft have introduced various AI products since the release of ChatGPT by OpenAI, which is backed by Microsoft. These new products offset the slowdown Read More…

Future Trading Strategies
Fundamental Analysis

Equities Surge on Improved Sentiment Amid Earning Reports, Looming Fed Meeting

On Monday, the Dow Jones Industrial Average led the upward trend on Wall Street, achieving its longest winning streak in six years. Investors showed confidence in various sectors, not just technology, amidst a week filled with earnings reports and a Federal Reserve meeting. They are eagerly anticipating the earnings of Microsoft, Google-owner Alphabet, and Meta Read More…

technology stocks
Fundamental Analysis

Currency Futures Drop as Dollar Recovers Ahead of FOMC Meeting

Currency futures fell on Friday as the dollar rose amid expectations of a Fed rate hike. The dollar recovered from its July lows in the last week. Dollar spot index (Source: Bloomberg) This week, central bank meetings will occur in the United States and Europe, with the Fed and the European Central Bank expected to Read More…