Interest futures fell on Thursday as investors took profits after the recent rally on a September Fed rate cut. The US unemployment claims data shows that more people are becoming unemployed, which will likely force the Fed to reduce interest rates in September. Interest futures have been bullish since last week as investors cheered the Read More…
Economic Data Recent positive data from the Eurozone, such as higher-than-expected GDP growth and industrial production, have supported the Euro but this is not very evident on the chart because at the same time the Dollar has many factors contributing to its strength too. Recent US inflation data showing a cooling trend has led to Read More…
Oil prices rose nearly 2% on Wednesday due to a larger-than-expected drop in US crude inventories. At the same time, oil demand increased as Fed policymakers indicated that the recent decline in inflation would pave the way for rate cuts. Brent futures (Source: ICE Futures Europe, Bloomberg) The Energy Information Administration reported that inventories fell Read More…
Introduction What if you are long stocks and the price only went up? What if the RSI was overbought ALL THE TIME? Would you think its time for a retracement? No, you wouldn’t because euphoria is striking, and that is dangerous. It is even difficult to do technical analysis because the price only goes up Read More…
On Tuesday, gold prices reached a record high as investors gained confidence about a September Fed rate cut. The new all-time high came despite better-than-expected US retail sales figures, which boosted the dollar. Gold traders have focused mainly on the recent US consumer inflation report and Federal Reserve policymaker remarks. Fed officials gained confidence after Read More…
Equities rose on Monday as investors priced in a higher likelihood of a Trump win after the attempted murder. At the same time, optimism about rate cuts in the US after Powell’s dovish comments remained. On Saturday, an assassination attempt against Trump raised the chances that he would win the November election. A Trump win Read More…
