Equities closed slightly lower on Monday as markets awaited more economic data from the US for insights on the Fed’s policy outlook. At the same time, there was a bit of caution, as US government agencies could be shut down by Friday. Recently, Nvidia gave a strong forecast that led to a rally in equity Read More…
Currency futures strengthened on Friday as the dollar paused its recent rally, ending the week lower. The dollar has been climbing for two months as markets scale back expectations of Fed rate cuts. Initially, investors had expected the first rate cut to occur in March this year. However, US economic data has consistently come in Read More…
Weekly Chart AnalysisThe Light Crude Oil Futures on the weekly chart have a clear consolidation pattern within a defined support zone. Volume Profile Visible Range (VPVR) indicates substantial trading activity at these levels. The Relative Vigor Index (RVI) is setting a steady momentum, with the RVI line slightly above its moving average, indicating a slight Read More…
Interest futures fell on Thursday as more positive US economic data pushed back expectations for Fed rate cuts. However, investors became risk averse as geopolitical tensions escalated, putting a floor on further declines. US jobless claims (Source: Labor Department) Data released on Thursday revealed an unexpected decline in US initial jobless claims last week, showing Read More…
Gold prices rose on Wednesday as Middle East tensions had investors looking for safety in the safe haven of yellow metal. Moreover, a decline in the dollar made gold cheaper for foreign buyers, increasing its demand. Notably, the Israel-Hamas war has escalated since last week with more strikes on vessels in the Red Sea. Additionally, Read More…
Weekly The weekly chart of the Nikkei Futures has been in a strong uptrend, as indicated by the SuperTrend indicator, which has been green for an extended period. The Awesome Oscillator (AO) is positive too as the Japanese index surges to new highs. Key Levels to Watch on the Weekly: Daily On the daily chart, Read More…
