Introduction The Nasdaq rally continues along with all other US equity markets. Since April, there have been only 8 red days, which are quickly bought back in the next session. What stands out most now is the pace of the move. The Nasdaq has added thousands of points in a relatively short period of time, Read More…
Oil has had a strong week so far, as forecasts point to a tighter market amid summer demand. However, an unexpected jump in US inflation has decreased expectations of a Fed rate cut, putting a lid on gains. Meanwhile, market participants are still watching developments in the Middle East war. The International Energy Agency released Read More…
Introduction The S&P 500 continues to push higher after reclaiming the previous all-time high near 7,100, and the strength of this rally is becoming difficult to ignore. The narrative of being careful because of the developments in the Middle East is starting to fade because the market is just moving up relentlessly. What started as Read More…
Gold prices fell on Tuesday after US data showed a larger-than-expected increase in consumer prices in April. As a result, expectations of a Fed rate cut decreased, while the likelihood of future rate hikes increased. Meanwhile, traders are keeping an eye on developments in the Middle East, where negotiations have stalled. Gold ended last week Read More…
Introduction Crude oil has moved back above the $100 level, but the market is still struggling to fully break away from the consolidation range that has developed over the past several weeks. Now though, it does look like the bulls are gaining an edge over the bears even during this consolidation phase. With that said Read More…
US equities hit fresh record highs on Monday amid optimism over a solid earnings season. The new high came despite ongoing tensions in the Middle East and stalled negotiations. Meanwhile, traders are cautiously awaiting the US consumer inflation report and the vote on the Fed Chair nomination later on Tuesday. The S&P 500 soared to Read More…
Introduction One of the most dangerous traps in trading is the belief that outcomes must “balance out” in the short term. After a series of losses, it starts to feel like a win is overdue, while after a strong run of wins, it feels like a loss is inevitable. This way of thinking is known Read More…
Introduction The Dow Jones continues to hold up well after the sharp recovery from the March lows, but momentum is beginning to slow as prices push back toward all-time highs. The rally in the Dow hasn’t been as strong as the S&P 500 and the Nasdaq, which are already 10% above the all-time high. What Read More…
Currency futures had another strong week as hopes for a peace deal between the US and Iran improved risk appetite. However, uncertainty returned this week after Trump rejected another Iranian proposal. This week’s focus will be on US inflation and retail sales figures. Hopes for an end to the Iran war surged on Tuesday after Read More…
Introduction Crude oil has started to cool off after the sharp rally that pushed prices back above $100. In the previous analysis, the focus was on whether buyers could reclaim control after the strong rebound from support. They did, at least temporarily, but the market is now running into the same problem that has capped Read More…
