Investors brace up for high US inflation. A lot of uncertainties linger after Putin’s latest attack on Ukraine. Investors scramble for safety amid recession worries. The prices of major equity indexes, including the E-mini S&P 500 (ES) futures, fell on Tuesday as investors scrambled for safety in the US dollar amid global tensions. Futures lost Read More…
The Monthly chart is extremely bearish. We could see the price touching $10,000 as a possible target. Gaussian channel retracements provide short entries on the 4H chart Monthly Candles The monthly chart is bearish as prices trade below the year’s low of $11,068. The candle for this month also seems to be in a free-fall Read More…
A Bart Simpson Pattern on 4 Hour chart Anticipating Long opportunities around key levels Bart Simpson Pattern A Bart pattern has been completed on the 4 hourly charts. It’s usually a good pattern to trade in a downtrend as a continuation pattern. However, since the price has retraced into the multi-year support zone, we expect Read More…
Employment change in Canada failed to make up for previous losses. Markets expect the BoC to raise rates by 50bps at the next meeting. Oil prices are falling on demand worries as China’s economy deteriorates. Canadian Dollar (6C) futures prices are falling after the Canadian economy created jobs in September but did nothing to make Read More…
CL rallies 12% this week. Bears vs. Bulls – Who will dominate? A potential way to trade the current price action using the pullback ema strategy. CL Trading Above $86, What It Means? We have seen a swift reversal, with CL gaining over 12% this week. The game is not over for bears, though a Read More…
Initial jobless claims in the US exceed expectations pointing to a cooling labor market. Economists expect the US labor market to deteriorate amid higher interest rates. The Fed will only pause when the labor market cools significantly. Gold (GC) Futures prices continue to rise steadily following the disappointment in recent labor market data. The number Read More…
