Gold prices pulled back on Tuesday as investors paused and took profits after the recent rally. However, the bullish bias remains as markets cheered the increased likelihood of a Fed cut in September. At the same time, central bank purchases kept demand high. The pause in gold prices might be temporary, as most indicators point Read More…
Chart Overview In this analysis, we’ll take a closer look at the daily chart of the Euro FX Futures, focusing on the price movements as 6E has been stuck in a range for over one year. This range is between well-defined support and resistance zones, with the resistance zone at 1.10265, and the support zone Read More…
Equities closed higher on Monday as investors gained confidence that the Federal Reserve will cut rates sometime this year. Moreover, better-than-expected earnings reports from US companies continued to support the market. S&P 500 (Source: Bloomberg) Since last week, equities have performed well as policymakers and economic reports point to an eventual Fed rate cut this Read More…
S&P 500 Chart Overview In this analysis, we’ll dive into the daily candlestick chart of the S&P 500 E-mini Futures, focusing on the technicals and chart patterns as ES bulls make a return. ES is up 5% since its low from April and the selling pressure appears to be weaking more and more. Price Action Read More…
Currency futures surged on Friday as the dollar plunged after a poor jobs report. The report revealed a deterioration in the labor market that led to an increase in Fed rate cut expectations. At the same time, data from the US showed a decline in service sector activity, weighing on the dollar. US employment data Read More…
Overview In this analysis, we’ll take a closer look at the CL futures chart, which displays daily price action along with several technical indicators, including a Simple Moving Average (SMA), Pivot Points (traditional, automatic setting), and the Relative Strength Index (RSI). CL Technical Analysis Trend and Price Action Prices were in an uptrend from February Read More…
