Fundamental Analysis

Equities Soar as Investors Brace for US Inflation Figures and Monetary Policy Meetings

US equities rose on Monday, with the S&P 500 and the Nasdaq reaching their highest closing levels since April 2022. Investors eagerly awaited the week’s inflation data and the Federal Reserve’s interest rate decision.  Amazon, Apple, and Tesla contributed to the S&P 500’s recovery of 21% from its October 2022 lows. Some investors believe Wall Read More…

Stock price chart
Fundamental Analysis

Currency Futures Fall as Dollar Recovers Ahead of US Inflation and the Fed Meeting

Currency futures fell as investors awaited inflation data and the Federal Reserve’s interest rate decision. At the same time, the dollar rebounded from its two-week lows on Friday.  The Federal Reserve will likely keep rates unchanged at its June 13-14 meeting. Still, it will likely maintain a hawkish stance and suggest a possible rate hike Read More…

dow jones technical analysis
Technical Analysis

Dow Jones futures (YM) tests horizontal resistance of ascending triangle

Technical analysis Like all other US indices, YM has been surging on the back of strong US data. The Dow Jones is currently testing the horizontal resistance level of an ascending triangle formation on a daily time frame. The question is whether bulls will be strong enough to be able to push price through current Read More…

gold technical analysis futures oneup trader funded trader program
Fundamental Analysis

Gold Surges as Jobless Claims Jump, Supporting a Fed Pause

Gold prices rose by 1% on Thursday as US weekly jobless claims surged, strengthening the expectation that the Federal Reserve will pause its interest rate hiking cycle.  The surge in new claims for unemployment benefits last week suggests a slowdown in the labor market, indicating potential recession risks. Edward Moya, a senior market analyst at Read More…

Nasdaq 100 index futures (NQ)
Technical Analysis

Nasdaq futures (NQ) continue rampant upward surge

Price action If we look at the weekly time frame, the chart almost looks vertical. NQ has rallied hard, with big tech stocks like Apple hitting new all-time highs. It shows you that even in an environment of high-interest rates, the market can still do strange things. Sticking to technicals is the way forward. Weekly Read More…

Crude oil (CL) futures
Fundamental Analysis

Oil Gains 1% on Supply Concerns After Saudi Arabia’s Surprise Output Cuts

On Wednesday, oil prices rose by about 1% as Saudi Arabia’s significant output cuts countered concerns about rising US fuel stocks and weak Chinese export data. Dennis Kissler, the senior vice president of trading at BOK Financial, described the oil futures market as a battleground between slowing manufacturing demand, lower diesel consumption, and anticipated production Read More…