Equities rose on Tuesday amid optimism of a looming Fed pause. The S&P 500 and Nasdaq achieved their highest closing points in 14 months. This was driven by the data release indicating a modest increase in consumer prices in May. As a result, investors are now more confident that the Fed will not lift interest Read More…
Parabolic curve The parabolic curve on the daily chart for CL has been our main focus point for most of the crude oil analysis this year. It stretches back to July of last year and still remains a strong formation. Price is currently sitting at $70 per barrel, and bears are still unable to push Read More…
US equities rose on Monday, with the S&P 500 and the Nasdaq reaching their highest closing levels since April 2022. Investors eagerly awaited the week’s inflation data and the Federal Reserve’s interest rate decision. Amazon, Apple, and Tesla contributed to the S&P 500’s recovery of 21% from its October 2022 lows. Some investors believe Wall Read More…
Currency futures fell as investors awaited inflation data and the Federal Reserve’s interest rate decision. At the same time, the dollar rebounded from its two-week lows on Friday. The Federal Reserve will likely keep rates unchanged at its June 13-14 meeting. Still, it will likely maintain a hawkish stance and suggest a possible rate hike Read More…
Technical analysis Like all other US indices, YM has been surging on the back of strong US data. The Dow Jones is currently testing the horizontal resistance level of an ascending triangle formation on a daily time frame. The question is whether bulls will be strong enough to be able to push price through current Read More…
Gold prices rose by 1% on Thursday as US weekly jobless claims surged, strengthening the expectation that the Federal Reserve will pause its interest rate hiking cycle. The surge in new claims for unemployment benefits last week suggests a slowdown in the labor market, indicating potential recession risks. Edward Moya, a senior market analyst at Read More…
