Given the RSI readings showing oversold conditions on the 4-hour chart but not yet confirmed on the daily chart, traders should be cautious and confirm with additional indicators or price action before entering trades. The NASDAQ 100 is volatile, and news or economic events can have immediate impacts, so keeping abreast of such factors is Read More…
The price of gold has experienced a significant drop after failing to break through the resistance level of $2,400. This decrease in price is primarily attributed to a reduction in demand for safe-haven assets, as tensions in the Middle East, particularly between Iran and Israel, have not escalated further. US Treasury Yields on the Rise Read More…
U.S. stock index futures fell on Friday morning amid heightened tensions in the Middle East and a disappointing revenue forecast from Netflix. An Israeli attack on Iranian soil escalated concerns over regional stability. The CBOE Volatility Index climbed to its highest level in over five months as well as markets digested the news. Dow e-minis, Read More…
Bitcoin Falls Below $60,000 Following reports of an Israeli missile strike in Iran, global financial markets reacted strongly. Bitcoin fell by 5.5% in a matter of hours, dropping below $60,000. Ethereum, the second-largest cryptocurrency, also declined, falling below $3,000 to $2,895. As geopolitical risks increased, investors moved their funds into traditional safe-haven assets, such as Read More…
Crude Oil has been retreating despite the heightened geopolitical tensions between Israel and Iran in the Middle East. The fundamentals remain supportive, with a pickup in economic activity, although expectations for rate cuts continue to dwindle. The technical analysis will help us determine the next move for CL futures. Daily Timeframe On the daily chart, Read More…
Gold Prices Steady Amid US Dollar Strength and Geopolitical Tensions The gold price continues to rally above all-time highs as bulls take firm control. The gold strength comes despite a strong Dollar but what is driving this price action? On one side, Asian markets have been declining, influenced by the possibility that the FED is Read More…
