A stronger US dollar is capping oil gains. Investors expect a possible 100bps rate hike from the FED. Supply concerns continue amid fighting in oil-producing countries. Crude oil (CL) futures prices surged this week amid weak demand and supply disruptions as the United States prepared for a potential rail shutdown. However, oil prices were steady Read More…
Gold trading inside minor and major support zones Gold Sell off as Dollar rallies after CPI report Volatile market conditions expected The Daily Support Zone Last week we spoke about the major support zone in GC in this article. We still find a lot of buy support happening at this level even after a major Read More…
US inflation data came in higher than expected, surprising investors. Markets are pricing in a possible 100bps rate hike. Investors no longer believe the Fed will pause rate hikes any time soon. Major equity futures indices including the E-mini Nasdaq-100 (NQ) futures tumbled last Tuesday as markets braced for an even more aggressive US Federal Read More…
The Ichimoku cloud indicator, also called the Ichimoku Kinko Hyo, is arguably one of the most versatile technical indicators. At first glance, it may appear convoluted and probably hard to understand, especially due to the several components. However, its greatest advantage is that it combines backward and forward-moving averages to determine an asset’s trend, momentum, Read More…
Prices rally to trade within the consolidation zone Price potentially targeting the 50 Moving Average on daily time frame. Daily Trend The daily chart shows a steady downward trend since June with prices bouncing predictably within a channel as shown in our analysis below. The market could be targetting the 50 moving average where we Read More…
Investors await US inflation data. Inflation in the US is expected to go down to 8.1% year-over-year. Markets have priced in a 92% chance of a 75bps Fed rate hike. E-mini S&P 500 (ES) futures extended gains on Tuesday as investors anticipated critical inflation data that could offer hints regarding the size and pace of Read More…
