Interest futures rose on Thursday as markets applauded Powell’s less hawkish tone after the FOMC policy meeting. At the same time, investors were gearing up for April’s US employment figures, which will give more direction on Fed rate cuts. Going into the FOMC meeting, there were concerns that policymakers would be more hawkish than usual. Read More…
The Federal Reserve’s Stance on Interest Rates As we look ahead to the coming week, it’s important for us to focus on the Federal Reserve’s stance on interest rates and how it may impact the US economy and financial markets. Fed Chair Jerome Powell has hinted that rates are likely to decrease in 2024, which Read More…
Introduction Based on our analysis this week, we can see that Bitcoin is currently in a short-term bearish trend after a big pump at the start of the year. There is a descending channel pattern starting from late March. This pattern is characterized by consistent lower highs and lower lows within the channel. Support and Read More…
Oil prices fell on Wednesday after a surprise jump in US crude inventories. Additionally, the Fed policy meeting ended with a hawkish note, meaning more rate-cut delays. At the same time, there was hope in the market of a ceasefire in the Middle East war, which weighed on prices. The EIA reported that US crude Read More…
Chart Overview Trendlines and Channel (BULLISH):The chart shows a rising channel pattern. The price is bouncing between the top and bottom lines of the channel, and these lines are clear and strong. Candlestick Analysis (BEARISH):The recent candlesticks are a mix of green and red, and the latest one is a big red candle. This is Read More…
Gold prices fell over 1% on Tuesday due to a rally in the dollar and Treasury yields. Nevertheless, prices ended a third month of gains amid increased demand. US employment costs (Source: US Bureau of Labor Statistics) The dollar and Treasury yields soared Tuesday after upbeat employment data. The US Labor Department reported a higher-than-expected Read More…
Equities ended higher on Monday amid earnings optimism and a rally in Tesla and Apple shares. At the same time, investors were preparing for the FOMC policy meeting and the all-important nonfarm payrolls report. According to data, 78.1% of the S&P 500 companies that have reported earnings have exceeded expectations on Wall Street, showing better-than-expected Read More…
NASDAQ Chart Overview In this chart, we’re looking at the NASDAQ 100 E-mini Futures (10-minute intervals) along with the Simple Moving Average (SMA), Relative Strength Index (RSI), and Volume Profile Visible Range (VPVR) indicators. Price Action and Technical Patterns Channel and Breakout Analysis We can see that the price was trading within an ascending channel, Read More…
Currency futures fell on Friday as the dollar rose after inflation data in the US led to a drop in Fed’s rate cut expectations. The US released its Personal Consumption Expenditures (PCE) price index report, which showed inflation increased by 0.3% in March as expected. This was the same rate of increase in the previous Read More…
Volume Profile: The High Volume Node (HVN) signifies a price level with substantial trading activity, indicating a strong interest from traders. This level usually acts as a magnet for future price action, drawing prices towards it. The Point of Control (POC) gives the price level with the highest trading volume over the period. It is Read More…
