Currency futures rallied on Friday as the dollar eased due to downbeat US business activity data. At the same time, data from other countries like the Eurozone and the UK revealed a rebound in economic activity. However, by Monday, the greenback rebounded as traders geared up for the Fed policy meeting. Currency futures strengthened last Read More…
Introduction In our previous analysis on January 16, 2025, we identified the potential for ES to continue its rally within the bullish channel with the all-time high (ATH) at 6,154.75 as the next target. Price recently tested this level but failed to break through, forming a double top pattern on the daily chart. Today has Read More…
Interest futures pulled back from recent peaks as risk appetite improved, sending investors to riskier assets like equities. Nevertheless, bullish sentiment remained strong. Risk sentiment shifted after Trump assumed a softer tone regarding Chinese tariffs and called on the US Federal Reserve to lower borrowing costs. US Treasury Index (Source: Bloomberg) On Thursday, the risk Read More…
Introduction In our previous analysis, we anticipated a potential breakout in crude oil futures (CL) if the price could sustain momentum above certain resistance levels. Since then, crude has rallied sharply but failed to hold above the descending trendline resistance, leading to a pullback below the trendline again. Let’s see what the technicals are telling Read More…
Oil prices held near recent lows as market participants worried about the impact of Trump’s tariff and energy policies on supply and demand. At the same time, investors waited for data and the FOMC policy meeting to provide more clues on the future of monetary policy in the US. Oil futures (Source: ICE, Nymex) Since Read More…
Introduction Nikkei 225 E-mini Futures (NKD) have been trading within an ascending channel since September 2024. A breakout above 39,958, could pave the way for a test of the all-time high (ATH). Lets take a deeper look at the technicals. Technical analysis overview Channel Structure Support and Resistance Levels Resistance Levels (Upside Targets) Support Levels Read More…
Introduction In our previous analysis on January 8, 2025, the expectation was for RTY futures to hold within the established bullish channel, with the support levels acting as a springboard for further upside. Since then, price action has respected the lower boundary of the channel, and the recent bounce confirms the bullish structure remains intact. Read More…
Equities rallied on Tuesday as investors cheered the soft start to Trump’s term. Trump’s administration failed to give clear guidance on the implementation of tariffs. Consequently, experts believe the new government will take a more cautious approach, delaying any trade wars. S&P 500 Index (Source: Bloomberg) Since last week, equities have surged due to increased Read More…
Gold prices held near a two-month high on Tuesday as the dollar eased after Trump’s inauguration speech. At the same time, the yellow metal benefited from safe-haven inflows amid uncertainty regarding Since last week, gold prices have been on an uptrend due to a weak dollar and Treasury yields. Notably, data last week supported at Read More…
Introduction The NASDAQ 100 E-mini Futures (NQ) are trading at 21,703.75, continuing their upward trajectory following the recent inauguration of President Trump. Traders and investors are pricing in optimism on pro-growth economic policies, contributing to the strength in equities. Technical Analysis Overview Trend and Structure: Support and Resistance Levels Resistance Levels: Support Levels: Indicators Analysis Read More…
