Fundamentals To Scope The Federal Reserve maintained interest rates at its recent meeting, with no significant modifications to the statement. The Dot Plot continues to indicate three rate cuts in 2024, and economic projections have improved, with higher growth and inflation and lower unemployment. US economic data has been mixed, with CPI and NFP surpassing Read More…
Given the RSI readings showing oversold conditions on the 4-hour chart but not yet confirmed on the daily chart, traders should be cautious and confirm with additional indicators or price action before entering trades. The NASDAQ 100 is volatile, and news or economic events can have immediate impacts, so keeping abreast of such factors is Read More…
Equities recovered ahead of major US earnings reports on Monday and as Middle East tensions eased. The rebound comes after six sessions of declines caused by a drop in Fed rate cut expectations and geopolitical tensions. Nasdaq’s losing streak (Source: Bloomberg) Equities had a rough time last week, with the Nasdaq posting big declines as Read More…
The price of gold has experienced a significant drop after failing to break through the resistance level of $2,400. This decrease in price is primarily attributed to a reduction in demand for safe-haven assets, as tensions in the Middle East, particularly between Iran and Israel, have not escalated further. US Treasury Yields on the Rise Read More…
Currency futures were mixed on Friday as markets digested the news that Israel had attacked Iran. Safe-haven currencies like the Swiss franc and the yen rose sharply before pulling back as the session ended. Although Iran confirmed the attack, the country eased market fears by saying it had no intention to strike back. Meanwhile, risk-sensitive Read More…
U.S. stock index futures fell on Friday morning amid heightened tensions in the Middle East and a disappointing revenue forecast from Netflix. An Israeli attack on Iranian soil escalated concerns over regional stability. The CBOE Volatility Index climbed to its highest level in over five months as well as markets digested the news. Dow e-minis, Read More…
