Equities ended down on Monday after a brief spike as investors applauded the pause in US-Iran strikes and the increased likelihood of de-escalation. Meanwhile, market participants are gearing up for major earnings reports and the FOMC policy meeting. The US stock market declined the previous week amid tensions in the Middle East, which clouded the Read More…
Introduction This is a follow-up to the 22 July analysis, where the rejection at 29,300 kept the breakdown intact, with 28,000 flagged as the nearer downside target and the 200-day MA further below that. That scenario has played out — NQ broke below the 17 July low, trading down to 28,200. Today’s session (Monday 27 Read More…
Currency futures recovered on Monday after the US paused its two-week-long attacks on Iran. The pause boosted risk sentiment and sent oil prices lower. Meanwhile, the dollar pulled back as demand for safe-haven assets declined. Market participants were also optimistic after reports that China was pushing for diplomacy in the Middle East. Dollar performance (Source: Read More…
Interest futures were heading for a very bearish close to the week on Friday amid geopolitical tensions that sent oil prices soaring. Expensive fuel will most likely drive inflation higher, boosting bets on Fed rate hikes. As these go up, Treasury yields climb while the bond market suffers. Bond futures have collapsed since Monday as Read More…
Introduction Silver is trading at $59 today, close to retesting a support zone that’s now been tested four separate times since last October — twice on the way up in November and December, and twice again this year after the sharp correction from January’s spike high near 122. It could be an excellent entry for Read More…
Oil prices rallied to new highs on Wednesday after the US started its eleventh consecutive day of strikes on Iran. Meanwhile, Iran has been busy attacking US facilities in Gulf countries like Kuwait. The escalating tensions have intensiied supply disruptions, tightening a market that had started loosening. Tensions between the US and Iran have escalated Read More…
