Overview Crude oil has seen a sharp unwind following last week’s geopolitical-driven spike above $77. Over the past 48 hours, a de-escalation in tensions between Iran and Israel has cooled risk sentiment, pushing prices back into the prior breakout zone between $64 and $68. A rapid +20% rally driven by fear premiums has now corrected Read More…
Introduction Light Crude Oil Futures (CL) are trading sharply higher at $73.51, up more than 20% from the May lows. The breakout is technically significant, but more importantly, it’s now being supported by growing geopolitical risk in the Middle East due to renewed conflict escalation between Iran and Israel, which has once again injected a Read More…
Currency futures experienced a surge in volatility as the week started. The escalating geopolitical tensions and evolving monetary policy expectations keep the traders on edge. The US dollar continued to benefit from the safe-haven flows while the commodity currencies and risk-sensitive assets retreated in response to Middle East turmoil and mixed macroeconomic data. The Dollar Read More…
Euro FX Futures (6E1!) continue to follow a steady uptrend, now trading at 1.1587 and holding firmly above a rising trendline that has acted as reliable dynamic support since early March. The price remains comfortably above both the 50-day MA (1.1376) and 200-day MA (1.0871). The Dollar continues its decline as the political scene in Read More…
US interest futures are slightly down on Friday as investors react to the Fed’s hawkish stance and the escalating situation in the Middle East. The global markets are experiencing a fresh dose of caution as the Fed held rates unchanged with a slower-than-expected rate-cut path. The market participants are assessing risk appetite across asset classes. Read More…
Technical Analysis: The S&P 500 E-mini futures remain in a tightening range, just beneath their all-time high of 6,166.50. After a strong May rally, price action in June has flattened out into a classic consolidation pattern. Despite brief pushes above the 6,000 mark, the index has failed to follow through with a sustained breakout. Momentum Read More…
