Interest futures were heading for a very bearish close to the week on Friday amid geopolitical tensions that sent oil prices soaring. Expensive fuel will most likely drive inflation higher, boosting bets on Fed rate hikes. As these go up, Treasury yields climb while the bond market suffers. Bond futures have collapsed since Monday as Read More…
Introduction Silver is trading at $59 today, close to retesting a support zone that’s now been tested four separate times since last October — twice on the way up in November and December, and twice again this year after the sharp correction from January’s spike high near 122. It could be an excellent entry for Read More…
Oil prices rallied to new highs on Wednesday after the US started its eleventh consecutive day of strikes on Iran. Meanwhile, Iran has been busy attacking US facilities in Gulf countries like Kuwait. The escalating tensions have intensiied supply disruptions, tightening a market that had started loosening. Tensions between the US and Iran have escalated Read More…
Gold prices rose by over 1% on Tuesday amid hopes for a ceasefire in the Middle East. The yellow metal has also remained strong as the dollar faced downward pressure after last week’s downbeat inflation report. Market participants are now looking forward to next week’s FOMC policy meeting. Spot gold (Source: Bloomberg) Gold has held Read More…
Introduction This is a follow-up to the 17 July analysis. NQ broke below the support of the triangle and the 50 MA, and if we extend the target line, it brings $28,000 into play. As traders, we need to think in probabilities because nothing is certain in the markets, so let’s take a look and Read More…
Equities fell on Monday as a spike in oil prices fueled inflation worries. Oil has recovered from lows hit after the US and Iran signed a new ceasefire deal. The rebound has resulted from the recent escalation of tensions between the two. At the same time, a decline in the tech sector weighed on stocks. Read More…
