Gold prices extended gains on Wednesday as US recession fears sent investors from risky to safe-haven assets. A new tariff on steel and aluminum imports ignited a trade war between the US and the Eurozone. Meanwhile, there was some caution ahead of a crucial US inflation report. Spot gold (Source: Bloomberg) Recent tariff developments in Read More…
Equities collapsed on Monday, with the Nasdaq, S&P 500 and Dow Jones all recording significant daily losses. The decline came as risk sentiment soured due to US recession worries. Trump’s tariffs and the subsequent trade wars have sent investors scrambling for safety in other assets. S&P 500 (Source: Bloomberg) Market participants are increasingly aware that Read More…
Introduction Bitcoin futures have extended their decline, currently trading at 80,470. The recent sell-off has pushed BTC below both the 50-day (95,831) and 100-day (91,592) moving averages, intensifying the bearish sentiment. The market remains under pressure as risk-off sentiment weighs on crypto assets. Market Drivers & Crypto News Impacting Bitcoin 1. ETF Outflows and Institutional Read More…
Introduction The NASDAQ 100 (NQ) futures have fallen sharply since the middle of February. The recent sell-off was triggered by a double top pattern near 22,367.00, pushing the index to test the lower boundary of its long-term ascending channel. With the market now sitting at a key support level, the next move will likely set Read More…
Currency futures extended gains against the dollar, which fell after downbeat nonfarm payrolls data on Friday. At the same time, the greenback fell as market participants worried about the impact of Trump’s tariffs on the US economy. Meanwhile, safe-haven currencies like the yen soared. US employment (Source: Bureau of Labor Statistics) Data on Friday revealed Read More…
Interest futures rebounded from lows hit in the previous session after news that Trump had suspended tariffs on Canada and Mexico. Fears of the impact of trade wars had raised fears about a slowdown in US economic growth. Meanwhile, market participants were gearing up for the US nonfarm payrolls report and Powell’s speech for clues Read More…
