Gold futures are poised to extend their upward trajectory as markets lean aggressively into expectations for a Fed rate cut in December. Moreover, softer US economic data, such as sluggish Retail Sales, a cooling Producer Price Index, and weakening Consumer Confidence, have reinforced the view that the Fed has room to ease without threatening the Read More…
US equities remained firm on Monday night after a strong rebound, with investors rotating back into technology and AI stocks, while repricing expectations for a December Fed rate cut. The bounce followed a broad surge during Monday’s session, with the Nasdaq Composite gaining 2.7%, marking its best performance since May, while the S&P 500 gained Read More…
Introduction The Russell 2000 Futures (RTY) have attempted a bullish shift and are targeting the 50-day moving average. A reclaim of that moving average is necessary for bulls to gain the upper hand again. Small-cap stocks remain weaker than large-cap indices, but the recent bounce in the RSI and price could signal that the retracement Read More…
Introduction The Nasdaq 100 Futures (NQ) are attempting to consolidate after a sharp drop that pushed the price back into the support zone in last week’s analysis. On November 17, NQ dipped below the support band at 24,400 and the 50-day moving average. Since then, the index has continued to weaken. Let’s take a closer Read More…
Currency futures started the week on a firm footing as global risk appetite improved and traders reassessed the expectation of the Fed’s December rate cut decision. With a rising probability of a rate cut, the US dollar lost traction across the futures markets, allowing high-beta currencies like the GBP and AUD to stabilize. In contrast, Read More…
US interest futures swung swiftly on Thursday after fresh US data showed stronger job growth in September, prompting traders to reduce bets on December rate cuts. A few weeks ago, markets were certain about the rate cut. According to FactSet, the probability of a rate cut is down to 22% from 97% in mid-October. The Read More…
Introduction E-mini Dow Jones Futures (YM) have dipped 5.2% from the recent all-time high of $48,542. The selloff has meant the price has dipped below the 50-day moving average, which bulls will be looking to reclaim. The 200-day moving average is far below the current price; it would be a further drop of 5% for Read More…
Crude oil futures remain under pressure as WTI stays below $60.00 mark, slightly up from Wednesday’s close. However, the broader sentiment remains bearish as traders react to the reports that the US is endeavoring to broker a new peace deal with Russia. This could reshape the global oil supply. Even though the proposal appears beneficial Read More…
Gold futures edged higher on Wednesday as traders weighed shifting expectations for the Fed’s rate, softening labor market data, and an unsettled geopolitical backdrop. The December COMEX gold futures held modest gains above $4,100 area during the European session. Fed’s December rate cut expectations have trimmed to 49%, as reflected by the CME FedWatch Tool. Read More…
Introduction Crude oil futures (CL) have continued to consolidate since our previous analysis. Despite last week’s rebound from $56–$57 support, buyers have not been able to force a breakout above the 50-day moving average. Bears will be aiming for the lower support zone at $56, while bulls will be trying to push the price above Read More…
