Introduction The U.S. Dollar Index (DXY) edged up 0.11% to 99.07 on Tuesday, showing signs of steadying after last week’s drop. It’s still holding above key support, with buyers trying to keep momentum going despite mixed U.S. economic data and changing views on Fed policy. Let’s take a closer look at the technicals.. Technical Overview Read More…
Gold futures captured renewed attention as a hedge against systematic risk. On Tuesday, the precious metal saw the steepest single-day decline in the past twelve years, dropping more than 8%, after surging to record highs near $4,400. The downfall was attributed to profit-taking and improved risk sentiment amid US-China trade talks. The volatility shows how Read More…
Introduction Gold futures (GC) rebounded off the R1 pivot at 4012.9 as buyers stepped back in to defend the support following Tuesdays 6% selloff, the biggest single-day drop in years. The retracement came after gold reached a fresh all-time high near $4,219, before seeing profit-taking amid easing geopolitical fears and a brief rebound in the Read More…
Introduction Candlesticks are by far the most used chart type in trading and investing today. Heikin Ashi candles take this one step further and smooth out the price action to create a less volatile chart for traders to analyze. In this guide, we will look at the Heikin Ashi candles, what indicators work well with Read More…
US equities took a breather after posting a sharp recovery on Monday as investors weighed financial sector jitters. Hopes to end the US government shutdown, and key corporate results could set the market tone for weeks. The S&P 500 futures remained broadly unchanged under 6,800, while Nasdaq 100 futures remained above the 25,000 mark. Dow Read More…
Introduction The Nasdaq 100 E-mini futures (NQ) are hovering just below record highs, as buyers successfully defended the 50-day moving average. The uptrend remains intact after the 3.5% single-day drop on the 10th of October. The index is consolidating beneath its all-time high (ATH) near 25,394, and price continues to test it on the shorter Read More…
Currency futures opened the week with strong footing as traders weighed improved risk sentiment against shifting central bank dynamics. The US dollar showed signs of weakness against all peers as markets anticipate more dovish stance by the Federal Reserve. Political stability in Europe and optimism about US-China trade relations have lent support to the risk-sensitive Read More…
Introduction The E-mini Russell 2000 futures (RTY) has followed the S&P 500, building on last week’s recovery as buyers continue to defend support levels and the 50 day moving average. The small-cap index is also aiming at targetting its all-time high (ATH) at 2,559 as bulls attempt to swing momentum back in their favour after Read More…
Introduction The S&P 500 E-mini futures (ES) began the week on firmer footing as buyers stepped in to defend the 6,575–6,600 support zone and the 50-day moving average. After a sharp selloff earlier this month, the index has started to find some extra buying pressure and is now pushing back to test all-time highs. In Read More…
The US interest futures resumed their upward trend this week, with investors increasingly convinced that the Federal Reserve would at least cut rates once before the end of the year. The October meeting is now fully priced with a 25-bps shift. The change reflects an increasing belief that the US policy rate will not go Read More…
