Gold prices edged lower on Tuesday as the dollar rose to a four-week peak, making the yellow expensive and reducing demand. Investors were on the sidelines on Monday and Tuesday as they awaited Wednesday’s crucial inflation report and the Fed policy meeting. Markets have been preparing for this month’s inflation report since the last one Read More…
Introduction The Dow Jones futures (YM) have lagged behind the other indices in 2024. The industrial average has still put in some good gains, up 11% for the past year but only 2.9% YTD. The S&P 500 (ES) is up 22% for the past year. Do we think its time for the Dow to catch Read More…
Equities closed slightly higher on Monday amid caution ahead of the US consumer inflation report and the Fed policy meeting on Wednesday. This follows a drop on Friday as investors scaled back expectations for a September Fed cut after a positive employment report. The bullish momentum on Monday for the S&P 500 and the Nasdaq Read More…
Introduction Bitcoins’ huge bull run in 2024 may be coming to an end as the ‘digital gold’ daily chart may be looking at a very scary triple-top formation coupled with bearish divergence. 2024 Performance BTC is up 54% YTD and 160%, looking back on one year. This has followed the traditional cycle of a bull Read More…
Currency futures fell on Friday as the dollar rallied after the US jobs report revealed a still-tight labor market. Most major currencies fell against the greenback as investors scaled back expectations for the Fed’s rate cut. US job growth (Source: Bureau of Labor Statistics) Dollar bulls returned to the market on Friday, cheering a bigger-than-expected Read More…
Introduction There is bearish divergence playing out on the daily chart for Gold futures. The daily candle we see forming today (7 June) is a big red one as buyers become exhausted. Is gold’s run coming to an end? The chart provided is of Gold Futures (COMEX), with several technical indicators and patterns that can Read More…
Interest futures increased on Thursday due to lower Treasury yields and a weaker dollar, signaling further evidence of a slowdown in the US economy. Prices will end the week strong, as poor US data over the week has strengthened the case for two Federal Reserve rate cuts this year. This week, investors have digested several Read More…
Oil prices rose 1% on Wednesday as Fed rate cut optimism overshadowed an unexpected increase in crude inventories. However, prices had dropped in the previous sessions as inventors worried about looming oversupply in the market. US private payrolls (Source: ADP Research Institute) On Wednesday, Federal Reserve rate cut expectations increased after a poor US employment Read More…
Introduction ES has broken above its all time high once more as bulls have gained the upper hand. There are some important levels to keep an eye on for the daily chart and possible entries we could look for. Currently, we don’t see any bearish trade opportunities. Technical Analysis Price Action Moving Averages Relative Strength Read More…
Gold prices retreated on Tuesday from the previous session’s highs as investors digested downbeat US data. Notably, there is more rate-cut optimism in the markets after last week’s US inflation data, which is keeping gold elevated. The move on Tuesday came about as investors took profits after the previous session’s gains. On Monday, gold rose Read More…
