Introduction What if you are long stocks and the price only went up? What if the RSI was overbought ALL THE TIME? Would you think its time for a retracement? No, you wouldn’t because euphoria is striking, and that is dangerous. It is even difficult to do technical analysis because the price only goes up Read More…
On Tuesday, gold prices reached a record high as investors gained confidence about a September Fed rate cut. The new all-time high came despite better-than-expected US retail sales figures, which boosted the dollar. Gold traders have focused mainly on the recent US consumer inflation report and Federal Reserve policymaker remarks. Fed officials gained confidence after Read More…
Equities rose on Monday as investors priced in a higher likelihood of a Trump win after the attempted murder. At the same time, optimism about rate cuts in the US after Powell’s dovish comments remained. On Saturday, an assassination attempt against Trump raised the chances that he would win the November election. A Trump win Read More…
Recap We covered the underperformance in RTY futures a few weeks ago and said that we were getting close to the time that RTY needs to catch up to the greater market. It looks like we are finally at that time now and RTY is on its way up. You can read the previous analysis Read More…
CL Volatility We havent seen much volatility after the very uncomforting attempt on former US President Donald Trumps life this morning. The week ahead could be a very hostile one after this event on the weekend as well as OPEC monthly report and EIA report this week. Let’s see if we can position ourselves properly Read More…
Currency futures rose on Friday on dollar weakness as soft consumer inflation figures overshadowed an increase in wholesale inflation. Investors focused on the higher likelihood of a Fed rate cut in September. US producer prices (Source: US Bureau of Labor Statistics) On Friday, the US Producer Price Index report revealed that inflation increased by 0.2% Read More…
NQ Drops 2.8% in a day NQ drops 2.8% in a day, and everyone gets scared. The markets have been going up and only up, so a pullback is due at some point. If you look at the NQ chart you will see nothing but green candles all the way and an RSI that has Read More…
Interest futures surged on Thursday as Treasury yields plunged after a downbeat US inflation report led to an increase in Fed rate cut expectations. The prospect for lower borrowing costs boosted demand for US government debt. For some weeks now, data from the US has shown weaker economic demand. Consequently, investors have raised bets that Read More…
Oil prices rose on Wednesday due to a larger-than-expected fall in US crude inventories last week. Meanwhile, investors were positioning themselves for the US inflation report after Powell’s cautious remarks. Data from the Energy and Information Administration on Wednesday showed that US inventories dropped by 3.4 million barrels. Meanwhile, economists had expected a 1.3 million Read More…
Gold prices edged higher on Tuesday despite a surge in the dollar and Treasury yields after Fed Chair Powell’s hawkish speech. Meanwhile, investors were preparing for the US inflation report coming on Thursday for clues on Fed rate cuts. Gold (Source: Bloomberg) Last week, gold reached the highest level since May as the US nonfarm Read More…
