Equities soared on Monday, continuing Friday’s move as investors cheered a decline in Fed rate hike expectations. The tech sector shone with stocks like Nvidia and Micron leading the rally. Market participants are now looking forward to the FOMC meeting minutes due on Wednesday for more cues on future policy moves. S&P 500 (Source: Bloomberg) Read More…
Reading time: 3 minutes In our September 23 analysis, we were watching whether crude oil could hold $89–$90 and recover above $92–$93. Buyers have repeatedly come back into the market near support, but those rebounds have not ended the correction just yet. The market is still making lower highs beneath September’s peak. This is not Read More…
Currency futures were weak on Monday after a difficult week amid rising global yields. Meanwhile, the dollar extended last week’s gains as demand for US assets rose. At the same time, traders are scrambling for safety in the dollar as global bonds plunge and geopolitical risks rise. The increased demand overshadowed a drop in bets Read More…
Reading time: 3 minutes Gold futures are trying to stabilize after September’s decline, but the daily trend remains bearish. The August rally failed near $4,720, and the lower highs that followed have brought price back toward the June and July base. As of today (2 October), price is trading near $4,217.7. It remains below both Read More…
Interest futures paused their recent collapse on Thursday as oil supply concerns eased after the damaged Saudi Arabian pipeline became operational. However, the recent rally in yields has weighed heavily on bonds and could continue amid geopolitical risks. Meanwhile, market participants are looking forward to the US monthly employment report for more clues on monetary Read More…
reading time: 3 min Introduction It is time to start looking at the agricultural futures again, and today we are looking at corn futures. Corn futures are correcting after the rally from the July low near 435’0. ZC closed 1 October at 502’0 (session range 498’2 to 503’0), below the 50 moving average near 507’0 Read More…
