reading time: 3 min Introduction Is the low in for wheat futures and is this a strong buying opportunity? Wheat futures are testing an important support area after extending their decline from the late-summer highs. Price is trading around 626.0, close to the 200-day moving average. With the daily RSI below 30, this could the Read More…
Currency futures traded cautiously on Monday as market participants awaited several major central bank policy meetings. At the same time, traders are keeping an eye on developments in the Middle East. Inflation worries eased after reports that mediators from Qatar were in Iran on Sunday. October rate hike chances (Source: Bloomberg WIRP) The new week Read More…
4 min reading time Introduction Gold futures have fallen back into the summer support zone, putting $4,000 in focus. The main fundamental reasons for the decline are rising US bond yields, expectations of tighter monetary policy, and a stronger dollar. In our October 2 analysis, we highlighted the risk of another test of the summer Read More…
Interest futures rallied on Thursday as Treasury yields collapsed amid a surge in demand for safe-haven assets. Market participants scrambled for safety in bonds due to geopolitical risks and a decline in the US tech sector. Investors are now looking ahead to next week’s FOMC policy meeting, which will shape the outlook for rate hikes. Read More…
4 minute reading time Introduction Crude oil futures are back at $100 after an oil tanker exploded in the Strait of Hormuz. Read the full story here. In our October 12 analysis, we highlighted a developing bull flag and identified $93.68 as the upside trigger to watch. The recovery has since extended, bringing the September Read More…
Oil prices rose on Thursday as geopolitical tensions escalated, renewing supply worries. Fresh attacks on tankers passing through the Strait of Hormuz threatened the recovering oil flows. At the same time, the Houthis continue to attack energy facilities in Saudi Arabia. However, reports that Russian oil could increase in the global market capped gains. Middle Read More…
