Introduction Japanese Yen futures (6J) have been in a strong recovery since bottoming near 0.0061830, pushing through key levels and reclaiming the 100-day VWMA (0.0065776). However, price has now reached a major resistance zone near 0.0066630, where previous rallies have failed. As of today, 6J is trading at 0.0066630, down -0.46%, with price stalling just Read More…
Introduction The Euro FX futures (6E) continue to trade above support, holding gains after forming a bullish divergence at the lows. Price remains in a short-term recovery phase, but the 1.0580 – 1.0630 resistance zone and the 100-day VWMA (1.0581) are capping upside momentum. As of today, 6E is trading at 1.04585, up +0.19%, with Read More…
Oil prices hovered near a one-week high on Thursday amid tensions between Ukraine and Russia that could impact supply. At the same time, stalled peace talks between Russia and Ukraine lower the likelihood of a near-term end to the war. Meanwhile, cold weather in the US has increased the risk of tighter supply, further supporting Read More…
Gold prices surged on Tuesday as investors sought safety amid stalled Russia-Ukraine peace talks. At the same time, uncertainty regarding Trump’s tariff policies and their impact on the global economy drove safe-haven inflows to the yellow metal. Reports that Trump was ready to end the war between Russia and Ukraine weakened gold prices as it Read More…
Introduction S&P 500 E-mini futures (ES) are trading just below their all-time high (ATH) of 6,154.75. As of today, ES is less than 0.2% away from ATH. A breakout above 6,154.75 would confirm the next leg higher, with a measured move target near 6,455.25. Market Drivers & Key News Events Technical Outlook ATH Test Bull Read More…
Introduction to the VWMA The Volume Weighted Moving Average (VWMA) is a powerful technical analysis tool that provides a more accurate representation of an asset’s average price over time compared to a simple moving average. By incorporating trading volume into its calculation, VWMA gives greater weight to periods with higher trading activity, painting a clearer Read More…
Equities ended last week high and made no move on Monday as US markets remained closed for a bank holiday. Prices fluctuated throughout the week amid mixed economic data from the US and hawkish Fed signals. At the same time, market participants reacted to Trump’s moves on tariffs. At the start of the week, Powell Read More…
Currency futures rose on Friday and extended the rally this week as the dollar eased due to a poor retail sales report. At the same time, the greenback was weak after Trump delayed implementing a reciprocal tariff to give time for investigations. US sales (Source: US Commerce Department) The US retail sales report on Friday Read More…
Introduction The Russell 2000 E-mini futures (RTY) are inside a bullish rising channel, despite recent choppy price action. Small-cap stocks have struggled for direction, but the 100-day SMA (2,299.9) trending upward steadily. As of today, RTY is trading at 2,289.2, up +0.17%, hovering near key pivot levels. Bulls are looking for a decisive move higher, Read More…
Interest futures hovered near Thursday’s highs when Treasury yields collapsed due to delays on Trump’s reciprocal tariffs. However, since Friday last week, interest futures have collapsed due to upbeat US economic data and a decline in Fed rate cut expectations. Thursday was a bullish day for interest futures after Trump announced a period of investigations Read More…
