The US interest futures resumed their upward trend this week, with investors increasingly convinced that the Federal Reserve would at least cut rates once before the end of the year. The October meeting is now fully priced with a 25-bps shift. The change reflects an increasing belief that the US policy rate will not go Read More…
Introduction Crude oil futures (CL) extended their decline this week, slipping another to $56.37, deepening the bearish move that began earlier in October. This follows the breakdown below the $60.00 support zone that we mentioned in the October 13 analysis. Just what the bears were aiming for has happened as the move below $61 zone Read More…
Crude oil futures soared 1% on Thursday as geopolitical developments and supply-side risks came again into the limelight. Brent crude futures gained more than half a cent to $62.50, while WTI climbed to near $59.00, marking a recovery from the 5-month lows. The uptick stemmed from President Trump’s comments, who claimed that Indian Prime Minister Read More…
Introduction Last week, we looked at Euro FX futures (6E) as selling pressure began to increase, and the bears were targeting 1.1424. Since then, prices have stabilized, and a small bounce has resulted. Let’s take a closer look at the technicals and see what we can find. Technical Analysis Daily Chart On the daily timeframe, Read More…
Introduction Gold futures (GC) have extended their extraordinary rally, surging to $4,218.2. The yellow metal is up 58% for the year, and there are no signs of the momentum stopping as investors look for safe havens due to global geopolitical uncertainty and a softening U.S. dollar. In our previous analysis, Gold was trading at $3,850, Read More…
Gold futures have soared to fresh highs amid growing expectations of Fed easing and rising geopolitical tensions. On Wednesday, the gold prices cracked the $4,200 level for the first time, with December gold futures (GC) gaining 1.3%. Precious metals also benefit from the US-China trade conflict, increasing demand for safe-haven assets. Trade-centric headlines remain vital Read More…
