Summary of Previous Analysis The original short trade idea was based on a failed breakout attempt above the $2,275 resistance, leading to a short entry around $2,233, with a stop loss at $2,320.5 and a target near the trendline at $2,135. The rationale for the trade was the concentration of volume in the $2,150-$2,275 range Read More…
Interest futures fell on Thursday and Friday as Treasury yields rose while Fed rate cut expectations fell after upbeat US data. Market participants moved to price a higher chance of a small rate cut during the November meeting. Since Tuesday, interest futures have declined as the outlook for rate cuts in the US shifted. The Read More…
Introduction The recent rally in U.S. equity markets, particularly the NASDAQ, has been fueled by the Federal Reserve’s decision to cut its benchmark interest rate by 50 basis points in September 2024. This dovish monetary policy has pushed equities higher. It is as simple as that, traders and investors simply follow the Fed now regardless Read More…
Interest futures rose on Thursday and Friday as the dollar and Treasury yields fell after a mix of economic indicators. Prices have rallied the whole week as investors increased the likelihood of a 50 bps Fed rate cut in September. A mix of data since Tuesday has led to a surge in Fed rate cut Read More…
The crude oil market has been under pressure recently, with Light Crude Oil Futures (NYMEX) showing signs of weakness as prices hover near $75.75, down 0.21% from the previous session. The latest technical indicators suggest that the market may be in for a further decline. Technical Breakdown The price is trading below both the 50-day Read More…
Introduction The recent decline in the U.S. Dollar Index (DXY) can be attributed to a combination of factors. One of the primary reasons is a shift in market sentiment towards riskier assets. As investor confidence has grown, partly due to strong earnings reports from major companies, there has been a move away from the U.S. Read More…
