Introduction The S&P 500 E-mini futures (ES) remain in a well-defined upward channel, with prices consolidating just below the all-time high (ATH) of 6,154.75. Bulls have defended the lower channel support, and momentum remains strong as ES hovers near the high. As of today, ES is trading at 6,082.00, down -0.17%, but still above the Read More…
Equities ended higher on Monday after Trump announced new tariffs on steel and aluminum products, boosting the outlook for the US economy. Meanwhile, market participants were gearing up for Powell’s speech and the upcoming US inflation figures for clues on future monetary policy. On Sunday, Trump announced a 25% tariff on steel and aluminum imports Read More…
Introduction Crude oil futures have rebounded after testing support, but the long-term downtrend resistance remains intact. As of today, NYMEX WTI crude oil (CL) is trading at $73.00, up 0.94%, as buyers attempt to push prices higher after a recent rejection near $75.30. However, the descending trendline that has capped rallies since mid-2023 remains a Read More…
Currency futures eased on Friday amid concerns of trade wars after Trump announced more tariffs. However, some rebounded on Monday as market participants geared up for crucial US consumer inflation figures this week that will shape the outlook for Fed rate cuts. These two factors will continue shaping market movements this year. Trading survey (Source: Read More…
Introduction Gold futures have extended their upward momentum following last week’s gap-up breakout. The metal’s price action has confirmed a symmetrical triangle breakout, with prices surging past the ATH. Technical outlook Gap-Up & triangle breakout confirm strength Gold’s breakout from the symmetrical triangle pattern last week triggered a strong continuation rally. The initial breakout was Read More…
Interest futures held near recent peaks as Treasury yields collapsed after Trump paused tariffs on Canada and Mexico. The pause also came as market participants eagerly awaited the US nonfarm payrolls report for insight into the Fed’s policy path. US 10-year Treasury yields (Source: Bloomberg) Interest futures have risen since Tuesday when Trump paused expected Read More…
