Chart OverviewThe Nasdaq 100 E-mini Futures are showing signs of exhaustion at current levels, as the price action is forming a rising wedge pattern—a bearish signal when it appears at the top of a rally. With the price sitting near 21,800, the market appears stretched. Let’s break down what this could mean for traders and Read More…
Interest futures wallowed near weekly lows as markets lowered the Fed rate cut expectations for next year. This shift came after US inflation data revealed a pause in the downtrend. At the same time, market participants expect the incoming Trump administration to make policy changes to boost economic growth and inflation. Interest futures have had Read More…
Oil prices rallied on Wednesday as supply concerns overshadowed demand concerns. Meanwhile, the recent efforts to boost China’s economy have supported prices. At the same time, US inflation figures came in line with estimates, solidifying bets for a December Fed rate cut. Market participants worried about supply on Wednesday after the European Union agreed to Read More…
Building on the November 25 analysis, where we saw a potential Head and Shoulders (H&S) forming, the updated chart tells a different story. The $2,542.3 “Last Support” held firm, and price action has invalidated the H&S pattern, leading to a false alarm on the formation. The bullish momentum has pushed prices back toward $2,707.6, so Read More…
Gold prices steadied after reaching a two-week high on Tuesday due to rising geopolitical tensions and expectations for a December Fed rate cut. The rally pause came as market participants awaited the US inflation report. The war in Gaza escalated this week as Israel struck several parts of the region, killing many people. Although there Read More…
Equities fell on Monday, led by a decline in tech stocks like Nvidia and Advanced Micro Devices. Meanwhile, market participants were cautious as they eagerly awaited the US consumer inflation report for more clues on the outlook for US monetary policy. Nvidia fell 2.5% after reports that China was investigating the company for violating antimonopoly Read More…
Currency futures eased on Friday as the dollar rose after a mixed nonfarm payrolls report. At the same time, a US consumer sentiment report revealed higher expectations for inflation, boosting the dollar. However, the trend slowly reversed on Monday as the focus shifted from employment to the upcoming US consumer inflation figures. Data on Friday Read More…
Chart OverviewSeven days since the last analysis, the S&P 500 E-mini Futures remain firmly bullish. The price is steadily advancing toward the 6,250 target due to the influence of positive sentiment surrounding Trump’s presidency and his pro-growth policies. Let’s evaluate the updated price action and provide insights into what might unfold next. Key Developments Over Read More…
Interest futures edged higher as the dollar and Treasury yields eased after downbeat US employment figures. However, the price traded in a thin range as market participants cautiously awaited the US nonfarm employment report. US jobless claims (Source: Labor Department) The dollar eased slightly after Thursday’s data revealed an unexpected increase in US unemployment claims. Read More…
Oil prices dropped about 2% on Wednesday, extending the move into Thursday as market participants eagerly awaited the OPEC+ meeting. At the same time, investors were awaiting crucial US data on employment that will shape the outlook for Fed rate cuts. Oil futures (Source: ICE, Nymex) The OPEC+ meeting is significant because the group will Read More…
