Gold futures modestly retreated on Wednesday after posting fresh all-time highs near $3,825 in the previous trading session. The gold’s pullback aligns with a stronger greenback supported by Fed Chair Powell’s cautious commentary on future monetary policy. Powell stressed that the Fed is facing a dual challenge of addressing the risk of sticky inflation Read More…
Introduction Bulls continue to dominate the price action for Gold futures as the yellow metal has made another all-time high. The RSI has been overbought for almost a month and price is clearly above both the 50 and the 200 moving average. Lets take a closer look at the technicals and see what they say. Read More…
US equities extended their bull run on Monday, with the S&P 500 hitting a third consecutive all-time high, while futures remained steady on Tuesday. The rally was fueled by AI interest, driven by a 4% surge in Nvidia following news of a $100 billion investment in OpenAI, which further boosted the tech-heavy Nasdaq. Investors Read More…
Introduction Crude oil is hovering around $62.30–62.50, finding buying pressure inside of a support zone. After months of steady selling, bulls are starting to find some strength and are looking to push the price back up toward the 50-day SMA. Lets take a deeper look at the technicals and what they are telling us. Technical Read More…
Currency futures gained on Monday as the dollar resumed its pre-FOMC meeting decline. The drop in the greenback came as market participants looked forward to Fed policymaker speeches. These speeches could further highlight the central bank’s new dovish tone amid labor market weakness. Dollar Index (Source: TradingView) The Fed cut interest rates as expected during Read More…
Introduction The Dow Jones Futures (YM) have been grinding higher, recently printing 46,488 before cooling off slightly. While momentum has slowed, the index remains firmly in a bullish structure, supported by its moving averages and higher highs. Technical Update Trend Support:Price is holding comfortably above the 50-day MA at 45,131 and the 200-day MA at Read More…
Interest futures eased on Friday as Treasury yields and the dollar continued their recovery after the expected Fed rate cut. However, the central bank confirmed that it would continue rate reduction for the rest of the year due to the growing risks to the labor market. The anticipation for a Fed rate cut and a Read More…
Introduction The Nasdaq 100 (NQ) has powered into new all-time highs (ATH), breaking above the 24,068 resistance and climbing to 24,720. The move confirms continued bullish strength in tech, but momentum is stretched, leaving the index vulnerable to a short-term cooldown. Technical Update Key Levels Level Type Note 24,720 Resistance Current high, extension point 24,068 Read More…
Introduction The S&P 500 E-mini (ES) continues to push higher, posting new gains after bouncing cleanly from its mid-summer consolidation. While the uptrend is intact and strengthening, the market has entered overbought territory on RSI, meaning that the pace of the rally may slow in the short term. Technical Update Trend StructureES has surged to Read More…
Oil prices edged higher on Thursday, a day after the Fed lowered borrowing costs by 25 bps as expected, while markets were optimistic about a fall in crude inventories. However, downward pressure came from concerns about the state of the US economy. After much speculation and anticipation, the Fed finally cut interest rates on Wednesday. Read More…
