Equities ended lower on Monday as AI stocks like Dell and Nvidia fell. Nevertheless, stocks had another bullish month amid elevated expectations for Fed rate cuts. This week, market focus will be on US employment figures, which will continue shaping the outlook for rate cuts in the US. Nvidia dropped by 3.4% on Monday as Read More…
Recap from August 7 In the August 7th analysis, we noted that: Technical Analysis Trend & Structure ES is still in a strong uptrend as bulls remain in control, with pullbacks being no more than a few percentage points. Currently, however, the buying pressure is stalling slightly, and there is a bearish divergence appearing on Read More…
Currency futures edged higher on Monday as Fed rate cut bets remained elevated after Friday’s inflation figures. However, traders were cautious at the start of the week, as the US will release its pivotal monthly employment figures. Dollar monthly change (Source: Bloomberg) The dollar ended last month lower due to a surge in expectations for Read More…
