Market sentiment has improved after upbeat earnings reports. US Industrial production came in higher than expected at 0.4%. Investors expect UK inflation data to determine the BoE’s next rate hike. E-mini Nasdaq-100 (NQ) futures prices closed higher, and Treasury yields decreased on Tuesday due to encouraging earnings and better-than-anticipated US industrial data. “The market was Read More…
NQ maintaining a bearish outlook with multiple shorting opportunities. A new Indicator Review. A price target of $10,000 is still possible for NQ. Outlook Bearish With Potential Shorts Available The Price of NQ swung violently yesterday after the CPI report was released. Prices dropped about 5.3%, then reversed course and closed up 1.8% on the Read More…
Investors are selling off UK government bonds ahead of BoE’s deadline. The war in Ukraine is escalating, causing a lot of worry in the markets. There are uncertainties over China’s economy as COVID-19 cases rise. E-mini Nasdaq-100 (NQ) futures edged lower as investors grappled with worries over the escalating Ukraine war and new COVID-19 cases Read More…
The Monthly chart is extremely bearish. We could see the price touching $10,000 as a possible target. Gaussian channel retracements provide short entries on the 4H chart Monthly Candles The monthly chart is bearish as prices trade below the year’s low of $11,068. The candle for this month also seems to be in a free-fall Read More…
Job vacancies in the US decreased in August. The RBA is the first central bank to slow its rate hikes. Markets are hoping the Fed will follow in the RBA’s path. the E-mini Nasdaq-100 (NQ) futures prices are climbing after softer US economic data and Australia’s smaller-than-expected interest rate hike sparked optimism for less aggressive Read More…
The UN and other Economists Urge Fed To Halt Rate Hikes NQ Bouncing Off Yearly Lows False Break Candle Setup UN Urges Fed To Halt Rate Hikes Even though these articles are focused on technical analysis, we cannot forget the macro-economic picture because it can significantly impact our technical decisions. The UN has urged the Read More…
