Introduction Gold futures have started to show some signs of weakness since our previous analysis. Since topping out near the 5,650 region, price has slowly moved lower while forming a series of lower highs on both the daily and weekly charts. Right now, Gold futures are trading around 4,418 after breaking beneath an important support Read More…
Oil prices plunged on Wednesday after top US officials’ remarks fueled hopes for a peace deal to end the Iran war. Meanwhile, traders remained worried about the fragile ceasefire in the previous session after reports of US strikes in Iran. The oil market has remained bearish since Wednesday last week, as the likelihood of a Read More…
Introduction Canadian Dollar futures have started to weaken as the U.S. dollar has strengthened. After several attempts to push higher, sellers stepped back in near the 0.7375 area, and price has slowly drifted lower since then. Right now, 6C is trading around 0.7240 and has slipped below both the 50-day and 200-day moving averages. Let’s Read More…
Gold lost 1% of its value on Tuesday as market participants increasingly bet on a 25 basis point Fed rate hike this year. These bets increased after US military strikes in Iran. As a result, oil prices gained and inflation worries flared. Spot gold (Source: Bloomberg) Gold has dropped since the war began due to Read More…
Introduction S&P 500 futures continue pushing higher as ES grinds toward fresh highs following the aggressive recovery from the April lows. Buyers remain firmly in control of the broader trend, with price continuing to hold well above both the 50-day and 200-day moving averages. The current daily chart shows ES trading around 7,529 after reclaiming Read More…
Equities rallied on Monday amid growing optimism over a likely deal between the US and Iran to end their war. Progress in talks between the two countries has renewed hopes that the Strait of Hormuz will soon reopen. As a result, oil prices have collapsed since last, easing inflation worries. The S&P 500 was retreating Read More…
Introduction Jack K. is a futures trader from Beverly, Massachusetts, who has spent the last five years specializing almost entirely in bond futures markets. This is why we wanted to feature him today, because bond trading is not nearly as popular as other instruments like Crude or the Nasdaq. Unlike many modern retail traders who Read More…
Introduction Dow Jones futures have now broken above the previous all-time high near 50,900, confirming the bullish breakout setup we looked at in our previous analysis. Following several weeks of a consolidation period buyers finally pushed YM into new highs heading into the final week of May. While the Dow lagged behind Nasdaq during April Read More…
Introduction Gold futures could be forming a symmetrical triangle pattern as GC trades between major support near 4,440 and the descending trend line resistance from the February highs. After the explosive rally earlier this year that pushed gold into new all-time highs above 5,600, momentum has cooled as the conflict in the Middle East began. Read More…
Currency futures rebounded amid an improving risk sentiment after Trump hinted at great progress in talks with Iran. Hopes for a peace deal weighed on the dollar and it lost some of its safe haven shine. Nevertheless, market participants remain cautious since the two countries could still fail to reach an agreement. When the week Read More…
