Alphabet and Microsoft reported weaker-than-expected quarterly earnings. Data released Tuesday indicated a decline in consumer confidence amid rising inflation. Markets are betting on a lower 50bps hike from the Fed in December. Most U.S. Equity Futures index prices, including the E-mini Nasdaq-100 (NQ) futures, closed substantially higher on Tuesday, boosted by dropping benchmark Treasury yields. Read More…
Investors are optimistic the Fed will pause rate hikes as the US economy cools. Business activity in the US fell further below 50 in October. 74.7% of the S&P 500 businesses have reported higher-than-expected earnings. E-mini S&P 500 (ES) futures prices rose on Tuesday, building on gains from the previous week. Indications of economic slowdown Read More…
Could this be the last call for the bears as price rallies? Bearish Doji Pattern forms on the Daily chart. Symmetrical Triangle Formation On 4-Hourly chart. Short Opportunities With Very Low Risk Before we take a look at the developments in the Euro and what to expect moving forward, read over the previous article as Read More…
Gold Futures prices bounce off the minor support zone. The smaller time frames show many trade opportunities. The bearish sentiment remains. Quick Recap Last week, we mentioned the possibility of a bounce out of the minor support zone at $1,622.20-$1638.50 within the larger term downtrend. Take a look at the article here to get a Read More…
Japan intervened for the second time last week to support the falling Yen. Speculators are betting on more yen weakness despite recent interventions. Japan faces a huge challenge as speculative short Yen positions continue increasing. Japanese yen (6J) futures prices have fallen as the flood of speculative bets against the Yen continued despite Japan’s historic Read More…
Target 1 hit from Monday’s trade idea. The Daily chart shows the formation of a bullish Parabola pattern. CL retraces into the Gaussian Channel for the first time since July. Recap From Monday CL has dropped about 4.5% since Monday, and the price target of $82 stated in our analysis has been hit for a Read More…
