Currency futures gained on Monday as the dollar weakened ahead of an expected Fed rate cut this week. At the same time, market participants were looking forward to central bank meetings in Japan, Canada, and the UK. US core CPI (Source: Bureau of Labor Statistics) The greenback fluctuated last week amid mixed economic signals. However, Read More…
Introduction RTY continues its upward trend, holding its rising trendline and staying above the 50 and 200 moving averages. With the all-time high at 2,477 approaching, the small-cap index is showing notable resilience, keeping pace with the bigger U.S. indices. Technical Analysis Key Levels Level Type Note 2,477 Resistance All-time high, key breakout level 2,405 Read More…
Interest futures eased on Friday but were set to end the week higher after a surge in Fed rate cut expectations. Inflation figures on Thursday allowed Treasury yields to recover from their recent collapse, putting pressure on interest futures. Since last week, market participants have absorbed data showing a rapid slowdown in the US labor Read More…
Oil prices eased on Thursday amid worries about oil demand and the rising risk of oversupply and a loose market. However, prices rose in the previous session as global tensions increased the risk of supply disruptions. Meanwhile, market participants are paying close attention to US economic data for clues on the outlook for Fed rate Read More…
Introduction Gold futures have extended their breakout since our previous analysis, pushing into new highs and printing $3,715.2 before easing slightly. While momentum remains strong, the overbought RSI and evening star from Tuesday could mean a pause in the rally for the moment. Let’s take a closer look… Technical Analysis Fundamentals Gold’s latest rally is Read More…
Gold prices soared to record highs on Tuesday as geopolitical tensions sent investors scrambling for safety. A slowdown in the US economy fueled expectations of a dovish Fed, adding support to prices. Meanwhile, market participants are eagerly anticipating US consumer inflation prices for more clues on Fed rate cuts. Tuesday was a good day for Read More…
Introduction The U.S. Dollar Index (DXY) has begun flattening after peaking back in January of this year. It appears to have found a floor at least for the moment between 96.5–98.5 after its steep decline earlier this year of 12.5%. While the downside pressure has eased, the index has yet to show signs of a Read More…
Equities gained on Monday amid optimism over looming Fed rate cuts. This enthusiasm rose after the US released a poor monthly employment report on Friday. However, there were also concerns about the state of the economy that weighed on stocks at the end of last week. Data on Friday revealed that the US economy created Read More…
Introduction Since our last analysis, the Euro FX Futures (6E) have moved higher into the resistance zone of the downward-sloping trend line. Bears have not been strong enough to push price down to the support at 1.1424, and so now, bulls are looking to make a new push, which could lead to a new leg Read More…
Introduction The Russell 2000 (RTY) has been grinding higher along with the other US indices. Small caps now sit just below their all-time high (ATH) at 2,477. Unlike the S&P 500 and Nasdaq, which have dominated the news, the Russell’s recovery has been steadier, but bulls have their eyes set on the all-time high. When Read More…
