The Dark Cloud Cover is a candlestick pattern identifying bearish market reversals. The pattern is easy to spot and analyze, and you can use it as a signal to enter short positions or exit long positions. This guide will talk about what Dark Cloud Cover is and the Dark Cloud Cover scalping strategy. Scroll down Read More…
On Monday, China’s macro data disappointed, which prompted fresh selling of the Australian dollar. Another contributing factor to the Australian dollar’s soft tone was risk sentiment. US bond yields fell, giving dollar bulls more reason to retreat. The Australian dollar futures (6A) pair remained on the defensive during the first half of the European session. Read More…
Nasdaq 100 index (NQ) faces bearish pressure with a 27% loss from year to date. Tech giants have seen a shift in their positions amid the recent meltdown. Fed’s aggression to curb inflation seems not to work. So rate hike plan may be fueled by the Fed. The Nasdaq 100 index (NQ) futures were expected Read More…
ES-mini S&P 500 (futures) struggles to post gains, maintaining a bearish trend. Fed’s aggressive tightening and hot inflation reading weigh on the US and global stocks. Russia’s war and Covid in China keep the risky assets under pressure. On Wednesday, the E-mini S&P 500 (ES) futures contract fell 0.7% after the stock indicator fell to Read More…
Gold futures (GC) prices consolidated losses at a three-month low ahead of key US inflation data. The dollar pullback reminds buyers of mixed sentiment, but the Fed says growth fears weigh on prices. Another sign of hope for the sellers is the price staying around or below the $1,850 area, although the US CPI could Read More…
Crude oil futures (CL) falls amid a firm USD and China’s lockdown. The EU’s embargo on Russian oil is delayed amid exceptions requested by Eastern European countries. Technically, the price of CL remains supported above $100.29 support. The price of crude oil futures (CL) dropped more than 1% on Tuesday, extending its losses from the Read More…
The British pound fell for the third consecutive day on Monday due to a combination of factors. The dovish forecast by the Bank of England continued to pressure the pound downward. The Fed’s aggressive remarks about raising rates and the lack of risks boosted the safe-haven dollar. Although a significant recovery is unlikely, oversold conditions Read More…
Nasdaq 100 futures (NQ) dropped 5% as the Fed’s impact weighed. Upbeat US NFP could not help stocks gain positive momentum. Under Armour dropped 16% in pre-market conditions. The Nasdaq 100 futures (NQ) fell more than 5% to near 12,850 ahead of the US session. The index remains heavily weighed by the hawkish stance of Read More…
The crude oil futures trades higher as the supply side faces several hindrances. EU’s embargo on Russian oil may result in higher crude oil prices. OPEC+ favors the limited price hike after the EU’s ban. The price of crude oil futures (CL) traded higher due to supply-side factors, such as the Organization of the Petroleum Read More…
As markets digest the Fed’s policy statement on Wednesday, gold futures prices have recently risen above $1,900. Analysts said that Powell ruled out a 75 basis point rate hike in the coming months, eliminating some downside risk for gold. Now, the focus will be on the NFP report on Friday. As bulls continued to control Read More…
