Crude oil (CL) futures
Fundamental Analysis

Oil Prices Jump as US Crude Supplies Shrink

Oil prices rose on Wednesday due to tighter-than-expected US crude supplies, although concerns about the Chinese economy tempered the gains. On Tuesday, oil benchmarks surged by over a dollar as the US dollar weakened, following soft jobs data. This report reduced the chances of further interest rate hikes. US crude inventories (Source: Bloomberg, EIA) On Read More…

Future Trading Strategies
Fundamental Analysis

Equities Rebound Strongly as Monthly Job Openings Decline

US equities surged on Tuesday as Tesla, Nvidia, and other mega-cap growth stocks drove the rally following a decline in monthly job openings. The decline solidified expectations of the US Federal Reserve hitting a pause on interest rate hikes. The S&P 500 marked its most robust daily upswing since June 2, while the Nasdaq recorded Read More…

Convenience Yield and Backwardation
Fundamental Analysis

Equities Soar Amid Gains in 3M and Goldman Sachs

Equities rallied on Monday, driven by gains in 3M and Goldman Sachs. Moreover, the focus was on upcoming inflation and jobs data, pivotal for insights into the Federal Reserve’s interest rate trajectory. All three leading stock indices saw increases.  Investors processed recent remarks from Fed Chair Jerome Powell, suggesting the need to raise interest rates Read More…

Technical Analysis

Dollar Tests Key Levels As Strength Continues

Dollar rallies into resistance zone The Dollar has been on a tear for the past two months, rallying 5% against a basket of currencies. That’s its greatest two-month performance since last year. Looking at the technicals, DXY is currently in a critical spot, trading within a resistance zone. Fundamentals and the macroeconomic environment have been Read More…

Fundamental Analysis

Currency Futures Weaken as Dollar Firms on Powell’s Remarks

The dollar held firm on Friday after Powell’s speech, putting pressure on currency futures. The Federal Reserve Chair Jerome Powell said the central bank may need to hike interest rates further to ensure inflation drops but promised to proceed “carefully” at upcoming meetings.  In a speech at a summit on the economy in Jackson Hole, Read More…

Fundamental Analysis

Gold Surges to Highest Levels Since August 10th Amid Retreating Treasury Yields

On Thursday, gold surged to new highs before declining as the US dollar strengthened. The metal was on track for its best week in six weeks. Meanwhile, investors awaited a speech by Federal Reserve Chair Jerome Powell that might provide insights into the future of interest rates. US jobless claims (Source: US Labor Department) Earlier Read More…

Crude oil (CL) futures
Fundamental Analysis

Oil Prices Drop 1% on Rising US Gasoline Stocks, Weak Global Manufacturing

On Wednesday, oil prices decreased by 1% due to concerns about demand amid increased US gasoline stocks and weak global manufacturing data. These concerns outweighed the positive sentiment regarding a larger-than-anticipated reduction in US crude stocks. Last week, US gasoline stocks increased by 1.5 million barrels, contrary to analyst predictions of an 888,000 barrel decrease. Read More…

Technical Analysis

Gold Futures (GC) Surge Out Of Support Zone (AS EXPECTED!)

Recap Two weeks ago, we looked at GC and the potential for price to first, fall within the support zone then bounce out of it. Gold rallied 1.57% on Wednesday, surging out of the support zone with tremendous conviction, but the question is whether we see the price testing the support zone again in the Read More…