On Friday, currency futures rose while the dollar declined after Federal Reserve Chair Jerome Powell expressed caution about further interest rate moves. Investors perceived Powell’s comments as dovish, anticipating that the Fed is done raising rates. Powell acknowledged that US monetary policy is slowing the economy, with the benchmark overnight interest rate in restrictive territory. Read More…
Introduction Last week, Gold was trending because of how close it was getting to breaking all-time highs. We finally saw that happen, and it was explosive. GC futures burst out of the all-time high, with the price surging 3.15% in 30 minutes. Let’s see what the technicals are telling us now and how we can Read More…
Introduction The T-Bond Futures (ZB) market exhibits a notable consolidation forming on the daily chart, with current price action gravitating towards the 50 and 100 moving averages, signaling potential shifts in market sentiment for the time being. Daily Chart Analysis It is clear that ZB has been a short sellers dream for the past few Read More…
On Thursday, gold slipped but stayed on course for a second consecutive monthly gain due to expectations that the Federal Reserve might soon cut interest rates. This would make non-yielding bullion more attractive. Moreover, the rise of the dollar for the day contributed to the drop in gold prices. However, the dollar was on track Read More…
