Equities rose on Monday due to a boost from technology stocks. At the same time, investors were preparing for major US economic reports shaping the outlook for rate cuts. Meanwhile, data from the US painted a picture of a weaker economy that could pressure the Fed to start implementing rate cuts. Shares of major tech Read More…
Currency Futures edged higher on Friday as US inflation eased in May, increasing the odds of a Fed rate cut in September. Still, most currencies ended the month lower amid economic, policy, and political changes. US inflation (Source: Bureau of Economic Analysis) Notably, the US released the core PCE report, a very significant inflation measure Read More…
Introduction The S&P 500 e-mini futures (ES) have painted two bearish candles for the past two weeks trade. This was overdue as ES and other US equity markets have soared for 2024. The pullback we expect is likely to be a short-term outlook and by no means a trend reversal, so keep that in mind Read More…
