Volume Profile: The High Volume Node (HVN) signifies a price level with substantial trading activity, indicating a strong interest from traders. This level usually acts as a magnet for future price action, drawing prices towards it. The Point of Control (POC) gives the price level with the highest trading volume over the period. It is Read More…
The U.S. economy continues to expand in Q1 2024, with a projected 2.4% annualized GDP growth, exceeding the Fed’s non-inflationary growth rate. The IMF has raised its 2024 U.S. growth forecast to 2.7%, citing strong consumer spending and a strong labor market, which added an average of 276,000 jobs per month in Q1. Inflation is Read More…
Equities recovered ahead of major US earnings reports on Monday and as Middle East tensions eased. The rebound comes after six sessions of declines caused by a drop in Fed rate cut expectations and geopolitical tensions. Nasdaq’s losing streak (Source: Bloomberg) Equities had a rough time last week, with the Nasdaq posting big declines as 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…
The S&P 500 experienced a sell-off towards the end of last week’s trading session, largely due to concerns over imminent Iranian retaliation against Israel. However, over the weekend, Iran launched an operation against Israel, but most of the attacks were intercepted without any casualties. Following this, Iran concluded the operation, and the US informed Israel Read More…
Equities closed Monday nearly flat with no catalysts ahead of the crucial US Consumer Price Index report. At the same time, a sharp increase in Treasury yields due to a drop in Fed rate-cut expectations put pressure on stocks. Investors are gearing up for inflation figures from the US that will shape the outlook for Read More…
