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…
Year: 2025
Nikkei 225 (NKD) futures stuck in tight range
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…
Russell 2000 futures (RTY) technical analysis
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 Climb as Trump’s Presidency Starts on a Subdued Note
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 Glimmers Near Highs After Trump’s Inauguration Speech
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…
NASDAQ 100 technical analysis – January 21, 2025
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…
Currency Futures Reflect Mixed Sentiment Ahead of Trump’s Inaugural Address
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 Extend Rally Amid Softer Economic Signals
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…
Gold futures technical analysis – January 17, 2025
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 Price Dips After Hitting Highs on Surprise US Inventory Draw
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…