Introduction Nikkei futures printed a sharp reversal day today on Monday the 13th of July, opening at 69,070, pushing up to 69,225, then selling off hard to close at 67,355 near the session low. That’s a wide-range bearish candle after a strong multi-month uptrend, and it’s testing the 50-day moving average at the moment. Looking Read More…
Currency futures were subdued on Monday as the dollar rebounded amid an increase in Fed rate hike expectations. Tensions in the Middle East escalated further over the weekend, leading to the closure of the Strait of Hormuz. As a result, oil prices jumped, fueling inflation worries. Meanwhile, market participants are cautiously awaiting the US CPI Read More…
Featured Snippet: What Are Trend Lines in Trading? Trend lines are lines drawn on a price chart to show the direction of a market. They connect key highs or lows and act as support or resistance levels. Traders use trend lines to identify trends, spot entry points, and anticipate potential reversals or breakouts. More importantly, Read More…
Introduction S&P 500 futures are retesting the underside of their June swing high after reclaiming the 50-day moving average on the pullback. Price is currently at 7,581.25, just below the 7,650 area that capped the rally in early June. It is an important zone now, there are some flags forming on lower time frames, so Read More…
Interest futures recovered on Friday as market participants hoped for a de-escalation of tensions between the US and Iran. At the start of the week, the countries exchanged fire, causing panic and concerns about a full-blown war. At the same time, Trump said the ceasefire deal with Iran was over. Uncertainty hit markets last week Read More…
Introduction Nasdaq 100 futures are still consolidating below their June highs, but the structure on the daily chart is starting to take shape. Price closed at 29,718.75, holding just above the rising 50-day moving average after bouncing off a fresh swing low earlier this week. The bigger question is whether this is basing for another Read More…
