Russell has been severely lagging the big indices with 1 year performance at 7%, while NQ has posted a 47% increase in the same period. Is it finally time for the small caps to catch up? Weekly Key Levels to Watch on the Weekly: Daily Key Levels to Watch on the Daily: Potential Trades: Always Read More…
Equities fluctuated on Monday but closed slightly down as investors waited on the sidelines for more high-impact economic releases from the US. Additionally, they awaited more policy clues from Fed Chair Jerome Powell in his testimony before Congress on Wednesday. Notably, the S&P 500 reached temporary highs during the session, propelled by rallies in stocks Read More…
Currency futures rose on Friday as the dollar fell after weaker-than-expected data on US manufacturing. However, unlike other currencies, the yen fell due to dovish remarks from BoJ Governor Kazuo Ueda. US manufacturing activity (Source: ISM) Data on Friday revealed a contraction in US manufacturing in February. Additionally, factory employment fell to a 7-month low. Read More…
Weekly Key Levels to Watch on the Weekly: Daily Chart Observations: Key Levels to Watch on the Daily: Potential Trades: Given the current price action and the significance of the ATH level, we must be prepared for volatility and swift price movements. Traders should watch for a confirmed breakout or rejection at the ATH to Read More…
Interest futures rose on Thursday after US inflation came in line with expectations, leading to a decline in Treasury yields. Unlike the consumer and producer inflation figures, the personal consumption expenditure was not surprising. As a result, investors are more convinced that the Fed will start cutting rates in June. Additionally, there was evidence of Read More…
Oil prices closed lower on Wednesday after hawkish Fed remarks reduced rate hike bets. At the same time, there was an increase in US crude inventories last week that put downward pressure on prices. On Wednesday, Fed Bank of New York President John Williams stated that the fight against inflation was unsuccessful. Therefore, he was Read More…
