Introduction S&P 500 futures have rebounded after a sharp selloff, reclaiming some lost ground. Despite the recent bounce, ES remains below key resistance levels, so it looks like this small bump could be just a relief rally instead of the start of a new trend. Traders need to see that the lows at $5,500 are Read More…
Currency futures extended Friday’s gains as the dollar weakened amid US recession worries and downbeat economic data. Moreover, the dollar eased as the euro soared on optimism of increased government borrowing and spending in Germany. The dollar had a difficult week as the US released several poor economic reports. The major ones revealed softer-than-expected inflation. Read More…
Introduction Japanese Yen futures (6J) have been in a strong uptrend since rebounding from the 0.0062500 support zone. The rally has now pushed the price into a resistance level near 0.0068750, a prior supply zone. Technical analysis can be found below. Technical Analysis Key Resistance at 0.0068750 – Major Test for Bulls The 0.0068750 level Read More…
Interest futures pulled back as US Treasury yields rebounded from the previous session’s dip. On Thursday, panic rocked the markets as Trump threatened more tariffs on the Eurozone. As a result, investors dumped risky assets like equities, preferring the safety of bonds. Tariff uncertainty has been the main catalyst for markets in recent weeks. Trump Read More…
Introduction The U.S. stock market has been under heavy selling pressure recently, and small caps are no exception. The Russell 2000 (RTY) Futures have broken down from a long-standing uptrend and the price action has shifted bearish. With investors growing increasingly risk-averse, recession fears rising, and sticky inflation keeping the Federal Reserve in a hawkish Read More…
Gold prices extended gains on Wednesday as US recession fears sent investors from risky to safe-haven assets. A new tariff on steel and aluminum imports ignited a trade war between the US and the Eurozone. Meanwhile, there was some caution ahead of a crucial US inflation report. Spot gold (Source: Bloomberg) Recent tariff developments in Read More…
