Interest futures were heading for a bearish close on the week after upbeat US inflation figures raised the likelihood of Fed rate hikes. The Middle East war has sent oil prices higher, boosting wholesale and consumer prices. At the same time, the US economy is starting to show signs of a slowdown. Focus this week Read More…
Introduction The Nasdaq rally continues along with all other US equity markets. Since April, there have been only 8 red days, which are quickly bought back in the next session. What stands out most now is the pace of the move. The Nasdaq has added thousands of points in a relatively short period of time, Read More…
Oil has had a strong week so far, as forecasts point to a tighter market amid summer demand. However, an unexpected jump in US inflation has decreased expectations of a Fed rate cut, putting a lid on gains. Meanwhile, market participants are still watching developments in the Middle East war. The International Energy Agency released Read More…
Introduction The S&P 500 continues to push higher after reclaiming the previous all-time high near 7,100, and the strength of this rally is becoming difficult to ignore. The narrative of being careful because of the developments in the Middle East is starting to fade because the market is just moving up relentlessly. What started as Read More…
Gold prices fell on Tuesday after US data showed a larger-than-expected increase in consumer prices in April. As a result, expectations of a Fed rate cut decreased, while the likelihood of future rate hikes increased. Meanwhile, traders are keeping an eye on developments in the Middle East, where negotiations have stalled. Gold ended last week Read More…
Introduction Crude oil has moved back above the $100 level, but the market is still struggling to fully break away from the consolidation range that has developed over the past several weeks. Now though, it does look like the bulls are gaining an edge over the bears even during this consolidation phase. With that said Read More…
