Currency futures were mixed on Friday amid economic data from different countries and anticipation of Trump’s inauguration speech. Meanwhile, the greenback eased after downbeat economic data and slightly dovish Fed remarks. By Monday, they fell as the dollar rebounded ahead of Trump’s speech. The dollar ended the week lower, snapping its six-week winning streak as Read More…
Interest futures rose for the third session this week as the dollar and Treasury yields eased after downbeat economic figures. However, as market participants await Donald Trump’s inauguration, things might change. Last week, interest futures ended down after US jobs data lowered Fed rate cut expectations, leading to a rally in Treasury yields. Notably, the Read More…
Introduction Gold futures (GC) are trading at $2,730.7, consolidating near the upper boundary of a symmetrical triangle pattern. Despite briefly testing the breakout zone, the move lacks strong follow-through, leaving the potential for a retracement back toward the triangle’s support line. Both bullish and bearish scenarios remain in play, and traders should monitor critical levels Read More…
Oil prices eased on Thursday after reaching new highs in the previous session due to an unexpected draw in US crude inventories. At the same time, the Biden administration announced more sanctions on Russia that could tighten supply. Meanwhile, a ceasefire deal in Gaza weighed on prices. WTI vs crude stocks (Source: Nymex, EIA) Data Read More…
Introduction Since our last analysis, the S&P 500 E-mini Futures (ES) have rebounded sharply, reclaiming support levels and re-entering the ascending channel that has held price action since mid-2024. This bullish reversal shifts the outlook as buyers regain control, but the path to the All-Time High (ATH) at 6,154.75 remains a difficult one to predict. Read More…
Introduction The Japanese Yen futures (6J) remain in a prolonged downtrend, as weakness continues amid a strengthening U.S. dollar. The yen is currently trading near the lower boundary of a support zone, as the dollar continues to rally on optimism surrounding President Trump’s economic policies. Let’s analyze the technical and fundamentals of the yen futures Read More…
Gold prices rose on Wednesday as Treasury yields and the dollar eased due to softer-than-expected inflation figures. At the same time, the yellow metal remained in demand amid uncertainty regarding the upcoming Trump administration. The dollar and Treasury yields paused their recent rally after inflation figures on Wednesday came in slightly cooler than expected. The Read More…
Equities struggled to make gains on Monday as Treasury yields remained elevated amid a drop in Fed rate cut expectations. At the same time, investors worried about higher inflation under Trump’s administration, which could keep rates at restrictive levels. US Treasury 10-year yield (Source: Bloomberg) Last week, US economic data revealed a resilient economy with Read More…
Introduction Trading gaps are a common pattern in trading and markets, but not many traders know how to trade them correctly. First, we must begin with: What causes them? What are their features? And most importantly, how can you use them to make profitable trades? In this guide, we’ll answer all of those questions and Read More…
Introduction The British Pound futures (6B) have been under pressure, with the price now trading within a support zone formed in October 2023. This weakness aligns mainly with the strengthening U.S. dollar, driven by optimism surrounding President Trump’s re-election and the anticipated implementation of pro-growth economic policies. Let’s analyze the technical and fundamental factors influencing Read More…
