Oil prices recovered on Thursday after falling in the previous session due to a super-sized Fed rate cut. However, Middle East tensions kept a floor on price declines. At the same time, crude inventory data showed a bigger-than-expected decline. WTI futures (Source: Bloomberg) On Wednesday, the US central bank cut interest rates by 50-bps, catching Read More…
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Gold prices recovered on Wednesday after falling in the previous session as US data supported the case for a gradual pace of Fed rate cuts. Initially, prices rose as the likelihood of a 50-bps rate cut rose last week. However, despite the slight pullback, investors remain optimistic about a looming Fed rate cut. Data on Read More…
Equities had a mixed day on Monday. Major tech stocks dragged the Nasdaq lower, while the S&P 500 and the Nasdaq gained ahead of an anticipated rate cut at the FOMC meeting on Wednesday. Tech stocks performance (Source: Bloomberg) Apple shares dropped by 2.7% after an analyst noted that demand for the iPhone 16 models Read More…
Introduction The S&P 500 has broken above all-time highs today on expectations that the first rate cut in four years is coming on the 18th of September. Traders are anticipating the first rate cut since March 2020, which comes after a prolonged period of high interest rates aimed at ‘combating inflation’. The expectations are that Read More…
Currency futures extended Friday’s rally on Monday as the dollar fell to an almost nine-month low due to increased Fed rate cut expectations. The outlook for rate cuts shifted suddenly, with market participants moving to price a higher chance of a 50-bps rate cut. Earlier last week, a set of inflation reports convinced markets that Read More…
Ascending Channel and Key Support: Resistance Zone and Potential Breakout: Volume Analysis: Probabilities: Bullish Breakout Scenario: False Breakout and Reversal: Trade Opportunities
Interest futures fell on Thursday before recovering on Friday due to fluctuations in Fed rate cut expectations. Market participants went from expecting a 25-bps rate cut next week to pricing a higher likelihood of a more significant rate cut. US wholesale inflation (Source: Bureau of Labor Statistics) Investors were initially more convinced that the Fed Read More…
Introduction:The Russell 2000 Index (RTY), which tracks small-cap U.S. stocks, has been underperforming relative to the broader equity indices like the Nasdaq 100 (NQ) and S&P 500 (ES), despite a modest year-to-date (YTD) gain of 5%. In comparison, the Nasdaq is up 14.3%, and the S&P 500 is up 16.8% YTD. This underperformance in small-cap Read More…
Oil prices rose Wednesday and Thursday as Hurricane Francine ripped through the US, raising fears of supply disruptions. At the same time, investors remained concerned about demand after OPEC trimmed its forecasts for this year and 2025. Hurricane Francine has caused a lot of supply disruptions that have put a premium on oil prices. The Read More…
