Introduction The Nasdaq has seen a big drop recently, falling almost 3% last Friday on the back of Intel’s poor guidance, which led to a sell-off in tech stocks. There is also talk about whether the AI boom is sustainable and whether the bubble could be bursting. The Chinese stock market has been selling off Read More…
Currency futures were range-bound on Monday as market participants remained cautious ahead of the US midterm elections. At the same time, traders are eagerly awaiting the US non-farm payrolls report and major central bank policy meetings. Last week, traders focused on reports of talks in the Middle East, leaving currency futures mixed. Moreover, major central Read More…
Introduction The S&P 500 is only trading 2.8% from the all time high. The trend is a very slow, almost sideways grind; there is just not a lot of buying happening, but at the same time, minimal selling too, which is why we see the market move this way. There is a possible long trade Read More…
Interest futures extended gains on Friday while Treasury yields pulled back as efforts to resume talks between the US and Iran eased inflation concerns. However, there is still a high chance that tensions will escalate after the US midterm election. Moreover, after Wednesday’s FOMC policy meeting, it is clear that the Fed still has work Read More…
Introduction The Nikkei is bouncing out of support now in the consolidation range that its been stuck in since June. The high was made on the 22nd of June at 73,7 and since then the Japanese benchmark has been moving sideways. Lets take a closer look at the technicals and what they are telling us. Read More…
Oil prices pulled back on Thursday amid expectations that direct talks between the US and Iran would resume. However, prices had rallied in the previous session after reports that Trump had warned Gulf countries to prepare for an intense military campaign in the region in November. Prices soared on Wednesday as market participants worried about Read More…
