The US labor market remains tight, with job vacancies rising more than expected. A tight labor market means still-high inflation dashing hopes for a Fed pivot. US industrial activity grew at its slowest pace in over 2-1/2 years in October. The prices of major equity futures indexes, including the E-mini Nasdaq-100 (NQ) futures, fell as Read More…
Alphabet and Microsoft reported weaker-than-expected quarterly earnings. Data released Tuesday indicated a decline in consumer confidence amid rising inflation. Markets are betting on a lower 50bps hike from the Fed in December. Most U.S. Equity Futures index prices, including the E-mini Nasdaq-100 (NQ) futures, closed substantially higher on Tuesday, boosted by dropping benchmark Treasury yields. Read More…
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…
