Crude Oil Futures
Fundamental Analysis

Oil Rallies as Israel-Hezbollah Conflict Escalates

Oil prices rose 1% on Thursday, recovering from the 1% loss in the previous session. The rally came as Middle East tensions escalated. Meanwhile, the decline on Wednesday came after a bigger-than-expected increase in crude oil inventories.  The conflict between Israel and Hezbollah heated up on Thursday, raising fears of a broader war that would Read More…

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Fundamental Analysis

Gold Hits Record High as Safe-Haven Demand Drives 1% Surge

Gold prices rose by 1% to a record high on Tuesday and extended the move Wednesday due to safe-haven demand. Market participants are flocking to gold amid political uncertainty ahead of the US election. At the same time, developments in the Middle East have raised demand for the yellow metal. Spot gold (Source: Bloomberg) The Read More…

Uncategorized

U.S. Dollar Index Eyes Resistance as Rally Stretches into Overbought Territory

Introduction As the U.S. Dollar Index (DXY) rallies toward key resistance levels, traders and analysts are closely monitoring whether this move will mark a sustained bullish breakout or a temporary reprieve in the broader downtrend that has characterized much of 2024. The index, which measures the greenback against a basket of major currencies, has experienced Read More…

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Fundamental Analysis

Equities Slide as Rising Yields Reflect Diminishing Rate Cut Bets

Equities ended in the red on Monday as Treasury yields rose, reflecting a decline in Fed rate cut expectations. Experts observed that market participants were likely taking profits before a week full of earnings reports from major companies such as Tesla and Coca-Cola.  US Treasury yields hit a 12-week high on Monday, signaling growing expectations Read More…

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Currency Futures Rally as Improved Risk Sentiment Softens Dollar

Currency futures rose on Friday as the dollar eased due to increased risk appetite. Risk sentiment improved after China announced stimulus measures to support the country’s stock market and risk-sensitive currencies like the Australian dollar firmed. However, the trend shifted on Monday as the dollar recovered on bets of a Trump win. On Friday, China Read More…

Technical Analysis

Gold Futures (GC) Technical Analysis 18/10/2024

Introduction Price Action Overview (Past Four Weeks) Over the past few weeks, we see a strong uptrend with price action making higher highs and higher lows. This follows the standard theme this year for gold futures. The price is currently approaching the R1 pivot resistance level (2744.5), which could act as a short-term ceiling. This Read More…