US equities rose on Monday because of weaker-than-expected manufacturing data, which increased the likelihood of a Federal Reserve interest rate cut in September. Meanwhile, a New York Stock Exchange malfunction caused some trading gaps in most equities. US manufacturing (Source: ISM) There was a bit more rate-cut optimism in the markets on Monday, which improved Read More…
Currency futures ended higher as the dollar retreated after data revealed a slight cooling of inflation in the US. Economic data from regions like Japan and the Eurozone also affected currency futures. The US dollar had its first monthly decline in May due to lower-than-expected inflation. The first three months of the year saw the Read More…
Introduction The Nasdaq e-mini futures (NQ) painted a huge bullish candle from last Friday in the form of a doji that is busy confirming a morning star pattern. The price has already pushed above last Friday’s high, confirming the bullish price action. The doji from Friday also bounced right off the 100 MA. This could Read More…
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Interest futures recovered on Thursday as Treasury yields retreated from recent highs amid poor US data. Initially, interest futures had been plummeting after a poor US debt auction. However, this changed when data led to a slight increase in Fed rate cut expectations. The bond market has had a rough week, with yields soaring to Read More…
Key Updates For Gold Futures Current Prices and Trends: Gold futures are currently trading around $2,364.75 per ounce. The market has experienced some volatility, with prices ranging between $2,358.30 and $2,369.00 in recent trading sessions (Investing.com). Market Sentiment: Analysts note a bearish sentiment in the near term, with key support levels under threat. This outlook Read More…
The Federal Reserve’s (Fed) updates on monetary policy highlight that the Federal Open Market Committee (FOMC) has decided to maintain the federal funds rate at the current range of 5.25% to 5.5% on May 2nd. The decision marks the sixth consecutive meeting where rates have been held steady, keeping them at the highest level in Read More…
Introduction In our previous analysis on ES, we noted that the bulls were struggling to push price above the recent high and resistance zone at $5333. Now that a week has passed, the bears have stepped in and there is a red engulfing candle forming on the weekly chart that could close as a evening Read More…
Oil prices fell by 1% on Wednesday as investors worried about fuel demand due to the Fed’s higher-for-longer policy outlook. At the same time, a rally in the dollar made oil expensive for overseas buyers, leading to a drop in demand. Oil vs dollar (Source: Nymex, Bloomberg) Risk appetite fell on Wednesday as investors panicked Read More…
Equities ended Tuesday mixed, with the Nasdaq and S&P 500 rising due to a rally in Nvidia shares and the Dow falling due to higher Treasury yields. The rally in Treasury yields came amid a weak auction and upbeat US data. Nvidia shares rose 7%, leading to a rally in other chip stocks. This had Read More…
