Interest futures paused their decline on Friday as market participants awaited crucial US inflation figures for more clues on Fed policy. However, prices wallowed near weekly lows after a week of upbeat US economic data and a sharp drop in Fed rate cut expectations. The US will release its core PCE price index report on Read More…
Introduction Following our previous analysis from November 2024, Bitcoin hit our anticipated $110,000 target, delivering a massive 30% rally. However, since then, the market is showing signs of exhaustion, with price pulling back to around $93,690 (-15%). Technical Analysis Bearish Divergence on RSI Short-term Retracement Underway Moving Averages as Support Bullish Case: Higher Highs in Read More…
Oil prices remained fragile on Thursday after collapsing due to a less dovish outlook for Fed monetary policy in 2025. Meanwhile, a drop in crude inventories and a surge in crude exports helped support prices. On Wednesday, the US Federal Reserve lowered borrowing costs by 25-bps. However, instead of signaling more rate cuts, the central Read More…
Gold prices eased ahead of the FOMC meeting, where policymakers might forecast a more gradual easing cycle in 2025. At the same time, downward pressure came from a rally in the dollar and Treasury yields after upbeat US retail sales data. The US Federal Reserve will meet later and likely cut rates by 25-bps. Markets Read More…
Chart OverviewEuro FX Futures (6E) remain under pressure as the Dollar continues to rise. The Euro has been held at the support zone at 1.063 after the Trump victory rally of DXY. Weak momentum, confirmed by a declining RSI, raises the likelihood of further downside if bulls cannot push prices back into the prior range. Read More…
Equities rose on Monday, with the Nasdaq hitting record highs as market participants looked forward to the upcoming FOMC policy meeting. At the same time, investors absorbed mixed PMI data from the US that showed pockets of weakness and strength in the economy. The Federal Reserve will hold its policy meeting on Wednesday, and markets Read More…
