Currency futures found respite on Monday after experiencing a significant retracement last week. The fear of a potential US government shutdown has weighed on the US dollar, lifting the major currencies. Following the Fed’s cautious commentary and a series of upbeat US data, the markets appear to shift towards a more balanced outlook. Over the Read More…
US interest futures came under selling pressure this week as upbeat US data prompted traders to scale back aggressive bets for rate cuts. The Fed’s meeting in September delivered a 25-bps rate cut, but Fed Chair Powell stressed that the policy will remain data-dependent with no pre-commitment to a cutting cycle. The Fed’s nuance, combined Read More…
Crude oil markets remain caught between two opposing forces: bullish supply shocks and bearish concerns about oversupply. The WTI prices soared 2.5% on Wednesday to settle near $65.00, the highest level since 2nd September. The US EIA data surprised the market participants with a draw of 607k barrels in crude inventories. The figure contrasted sharply Read More…
Introduction After a strong rally that pushed NQ toward the 25,000 psychological level, momentum has stalled slightly with the last two sessions in the red. The overall trend is still bullish, however, and bears still have a lot of work to do if they want to reverse the outlook of the NASDAQ. Let’s take a Read More…
Introduction Bulls continue to dominate the price action for Gold futures as the yellow metal has made another all-time high. The RSI has been overbought for almost a month and price is clearly above both the 50 and the 200 moving average. Lets take a closer look at the technicals and see what they say. Read More…
US equities extended their bull run on Monday, with the S&P 500 hitting a third consecutive all-time high, while futures remained steady on Tuesday. The rally was fueled by AI interest, driven by a 4% surge in Nvidia following news of a $100 billion investment in OpenAI, which further boosted the tech-heavy Nasdaq. Investors Read More…
