Introduction Nikkei 225 futures continue consolidating after an impressive rally throughout the second quarter. Since our previous analysis, the market has remained inside its rising trend channel, although momentum has slowed as buyers struggle to push price to fresh highs. The market did break out of the uptrend channel, and NKD is up 150% since Read More…
Equities rebounded at the start of the week as tensions between the US and Iran eased. At the same time, tech stocks, which had plunged in the previous week, recovered, boosting the Nasdaq futures. Market participants are now looking forward to the nonfarm payrolls report due on Thursday. The stock market collapsed last week as Read More…
Introduction Euro FX futures continue to weaken following our previous analysis, with sellers finally breaking through the support zone that had been holding throughout March, April, and much of June. It was important for the bulls to hold that support zone because now 6E is firmly in bearish territory, and any rallies could be looked Read More…
Currency futures were heading for a red month as the dollar recorded a 2% gain in June. The greenback remained elevated on Monday as market participants awaited the US nonfarm payrolls report. Over the past month, demand for the currency has been high amid tensions in the Middle East and a hawkish Fed outlook. Geopolitical Read More…
Interest futures traded near highs hit in the previous session as a rapid decline in oil prices sent treasury yields lower. However, there was some downward pressure from a strong dollar amid an increase in Fed rate hike expectations. WTI crude oil futures (Source: Bloomberg) Bonds have benefited greatly from the closing of a peace Read More…
Introduction Crude oil futures continue to weaken following our previous analysis, with sellers pushing below the important support level at $74. This was a very important zone to stay above for the bullish case to remain intact, as the market is now starting to turn bearish rather than consolidating within a longer-term uptrend. The market Read More…
