Introduction Gold futures have spent the past five months unwinding a powerful rally that took the metal from roughly 2,900 in December to an all-time high near 5,414 in February. Since that peak, bears have carved out a persistent downtrend, and gold is now trading at 4,458.5 — testing a zone where a long-term support Read More…
Introduction Nasdaq 100 futures continue to hold up well after their strong spring rally, even as the index takes a breather below its recent all-time highs. NQ ran from roughly 24,000 in April to a high near 31,000 by early June, and price has spent the last month digesting that move rather than reversing it. Read More…
Introduction Dow Jones futures continue to perform well in the medium to long term, like the rest of the US equity markets. The interesting thing is that YM is actually performing slightly better in the short term than ES and NQ. We have seen a small consolidation in those markets while the Dow has actually Read More…
Introduction Nasdaq futures are consolidating after the explosive rally from the April lows. Since our previous analysis, buyers have successfully defended the 50-day moving average, but they have also struggled to produce a decisive breakout above the 30,800–31,000 resistance zone. Instead of seeing either buyers or sellers take control, NQ has moved into a triangle Read More…
Introduction The Japanese yen has fallen to its weakest level against the US dollar since 1986 as the widening interest rate gap between the United States and Japan continues to favour the dollar. Although the Bank of Japan has raised interest rates to 1%, they remain well below US rates, while higher oil prices and Read More…
Introduction Gold futures have continued moving exactly as we discussed in our previous analysis. After breaking below the major support zone around 4,165, sellers have remained firmly in control, pushing GC below both the 50-day and 200-day moving averages. When we first looked at the price action in GC, it was more on the side Read More…
